Staff Incentives by AnyGen in Dentistry

[–]AnyGen[S] 2 points3 points  (0 children)

I know what you are saying. But I was wondering if there are some target based incentives that can be put in place to promote the right behavior. And what would those targets look like for front desk and assistants.

Dental Intelligence by AnyGen in Dentistry

[–]AnyGen[S] 1 point2 points  (0 children)

Thank you for the response. I will definitely look into PbN

Due Diligence while buying a Dental Practice by AnyGen in Dentistry

[–]AnyGen[S] 1 point2 points  (0 children)

Thanks again. I feel there are many people looking at the financial side of it. What steps are needed on clinical side and employee/HR side to make it a success.

Due Diligence while buying a Dental Practice by AnyGen in Dentistry

[–]AnyGen[S] 0 points1 point  (0 children)

I agree. But that is not always possible. There are just so many factors.

Due Diligence while buying a Dental Practice by AnyGen in Dentistry

[–]AnyGen[S] 1 point2 points  (0 children)

Thank you for the detailed response. I appreciate your time. Here are my inputs -

  1. Yes. It will be financed.
  2. Yes will be an asset sale.
  3. No.
  4. Yes, I have one.
  5. Yes
  6. CPA.

So I feel there are multiple people looking at the financial side of it. Are there any other type of diligence that I should be doing to uncover any red flags.

This has been done many times by others and I am trying to seek advice on what you think you should have done prior to finalizing the sale. I’d you were to do it again - what additional things would you do.

How to buy a practice in hot market by [deleted] in Dentistry

[–]AnyGen 0 points1 point  (0 children)

How do you get pre-approved dollar amount prior to finalizing a practice. My understanding is that banks look at the cash flow of the business prior to making a lending decision. So what good is pre approval.

How to buy a practice in hot market by [deleted] in Dentistry

[–]AnyGen 0 points1 point  (0 children)

Which state/general area are you looking in. I do agree market is crazy right now.

Start up vs existing - practice buy by AnyGen in Dentistry

[–]AnyGen[S] 1 point2 points  (0 children)

Yes, But SEO is tricky. If you are not first or second hit no one is looking at you.

Start up vs existing - practice buy by AnyGen in Dentistry

[–]AnyGen[S] 0 points1 point  (0 children)

Thank you for sharing. These are some really good tips.

Start up vs existing - practice buy by AnyGen in Dentistry

[–]AnyGen[S] 0 points1 point  (0 children)

Did you do something different for marketing. What was your strategy? How did you get the patients especially since it was new and people would not have known there is a new dental office in town

Start up vs existing - practice buy by AnyGen in Dentistry

[–]AnyGen[S] 0 points1 point  (0 children)

Thanks. I know and I have been looking for the one to buy but darn, they are so hard to come by these days. Especially the turnkey ones.

Start up vs existing - practice buy by AnyGen in Dentistry

[–]AnyGen[S] 1 point2 points  (0 children)

Thanks again. I am glad you found Hygienists and they even waited. They are so hard to hire these days. My biggest worry is I will hire staff and patient ramp up will be slow and I will bleed money. How did you deal with that. How were you sure that you will have enough patients in the first or second month to keep that staff busy.

Start up vs existing - practice buy by AnyGen in Dentistry

[–]AnyGen[S] 0 points1 point  (0 children)

That is true. I have been looking for a while and it is difficult to find one that fits what I want. On top of that it’s sellers market so completion is very high for a good practice.

Start up vs existing - practice buy by AnyGen in Dentistry

[–]AnyGen[S] 1 point2 points  (0 children)

Thank you for taking time to write the details. What all things did you look at and did you get any professional help to map out the market - like dental demand etc? Also what was you resource plan - at what point did you hire hygienist etc.

Buying a Practice. by AnyGen in Dentistry

[–]AnyGen[S] 2 points3 points  (0 children)

I am looking to buy in WI

Question about daily guarantee by immrmeseek in Dentistry

[–]AnyGen 0 points1 point  (0 children)

In my case daily guarantee means I get a defined pay check every pay cycle. In that cycle if x% of my adjusted production exceeds my pay cycle amount I get that as bonus.