Transitioning a dental practice can be daunting. Whether you’re starting out, merging with another office, or eyeing retirement, proper preparation and planning are essential to ensure a satisfactory outcome. Below, the Cabot, Arkansas-based company Level 5 Dental Consulting highlights several things to do when facing a dental practice transition.
3 Key Things to Do During a Dental Practice Transition
Get Your Paperwork in Order
Starting, merging, or relinquishing a dental practice requires an extensive amount of paperwork. From purchase agreements and staffing to property insurance and licensing, it’s vital that your documents are filled out and submitted properly. Working with a dental consulting firm will help keep your paperwork to ensure a smooth and successful dental practice transition.
Assess Your Staffing Needs
A dental practice transition can alter your staffing needs. For instance, if you are selling your dental practice, you may be forced to downsize your current staff. On the other hand, a merger may increase business to the point of requiring additional assistance and dental training. Discussing your plans with a dental consulting firm will help determine how to best handle future staffing issues.
If you are starting your own dental practice, set goals to maintain forward momentum and grow the business in the months and years to come. If you are merging, discuss how you and your partner will work together to provide patients with more comprehensive, convenient, high-quality care. If you’re considering retirement, determine how to make the most of your remaining time at the practice while taking a long, hard look at your existing staff to appoint a successor.
Regardless of your future plans, Level 5 Dental Consulting will provide you with the expert guidance, advice, and resources you need to ensure a smooth and successful dental practice transition. Backed by over 30 years of combined experience, these dentistry veterans specialize in several services, ranging from dental training and billing to practice management and office coaching. To learn more about their services, call (501) 483-3939, email them at info@level5dentalconsulting, or visit them online.