Are you considering building a dental practice? Do you currently run an orthodontics office? If you answered yes to either of these questions, then you must know how to build and grow a practice profitably. Dental practices typically are scattered and hold a ton of patients. About 26% of adults have untreated tooth decay in the U.S. With that being said, you will most likely want to have more than one location running. There are some important tips you can follow when going through dental practice transitions.
If you don’t plan on keeping your orthodontic practice, the first thing you should consider is selling orthodontic practice. Planning ahead is always a good idea when having your orthodontic practice for sale. Merging your existing practice staff with your new practice staff can feel overwhelming. You will want to note there will be compensation changes, equipment changes, marketing, and re-branding changes. The hardest part during this transition will be the conversion merger and management of digital diagnostic imaging. This can be a lot of pressure on the dentists and existing teams.
Building a dental practice is by no means easy, but if you take the necessary steps and avoid shortcuts, you will be on the right track and there will be no chance of selling a dental practice anytime soon.