Posts Tagged ‘Dental’
Improving Practice Production by 10%
By Roger P. Levin, DDS Dentists: would you believe me if I told you that you could increase your practice production by 10%? The strategy is relatively simple and even allows some practices to increase production by 30%–50% within three years. So, why doesn’t everyone do it? How to improve practice production The first question…
Read MoreDental Practice Valuation Guidelines: Understanding Perceived vs. Actual Value Drivers
At a glance: Schedule a consultation today to learn more The full story: In the first segment of our article series on dental practice valuation, we covered the situations, methodologies, and approaches you can use to understand the fair market value of your dental practice. Remember that fair market value is the price at which…
Read MorePractice Valuation: How Much Is Your Dental Practice Worth?
At a glance: Schedule a free consultation today The full story: What is your dental practice worth? If you don’t know the answer to that question, you’re not alone. It can be hard to quantify the value of a business that has grown from years (possibly even decades) of blood, sweat, and tears. But, at…
Read MoreHow Workflow Technology Can Improve Dental Practice Performance
By Roger P. Levin, DDS Like many fields, dentistry has been the beneficiary of new technological advances. In the past 15 years, tech and tools have improved and emerged, creating breakthroughs in clinical care and patient outcomes. At the same time, those technologies can be expensive and can increase practice overhead if dentists do not…
Read MoreMid-Year 2024 Dental Economic Update
The concept of “normal” or “new normal” has undergone a dramatic shift post-pandemic. Being able to adapt to the new normal is essential for a dental practice’s survival, and proper financial planning is more crucial than ever in today’s ever-changing landscape. Having a solid financial plan can reduce operational anxiety, help you navigate uncertainty and…
Read More6 Dental Insights from Q1 2024 and What They Mean for You
The labor market is changing and affecting dentistry. Dental office job postings on Indeed.com have declined by 12.5% over the past year while wage growth rose in 2023 for dental hygienists, indicating that there is a rising demand for high-quality professionals. Conversely, dental assistant wages mostly declined. We see tighter labor conditions, indicated by a…
Read MoreDo Dental Practices in Small Markets Face Different Challenges?
By Roger P. Levin, DDS Dentists practice in all different types of markets, each one bringing its own set of nuances and circumstances. For instance, New York City and San Francisco are major cities where patients typically work office jobs with limited time around their lunch hour or before and after work. Since the pandemic,…
Read MoreSmall-Market Dentistry eBook
Transitions Roadmap – Practice Lifecycle From Buyer to Seller
Does it Make a Difference to Hire a Dental CPA?
At a glance: Schedule a consultation with Aprio today The full story: Based on the terminology alone, you may infer that a dental CPA is exactly what it sounds like: a certified public accountant who works specifically with dentists. But what does a dental CPA actually do for your practice? And more importantly, how is…
Read More