You want your office lease to be in your favor not only from the initial signing but also when renewing it with your landlord. In reality, it doesn’t always work out this way, especially when healthcare practice owners are unaware of how to properly extend the lease or the terms…
Making the decision to start your own healthcare practice is very exciting, but it can also be nerve-racking and a journey full of questions. What type of entity should you form? What documentation do you need to get started? How do you know if you’re in compliance, or what steps…
For many dentists, becoming a practice owner is the natural transition after gaining at least a few years of clinical experience. When done right, starting your own practice can be both professionally and financially fulfilling. However, the road to practice ownership can also be overwhelming, especially if you don’t set…
For many new dentists, a dental associate employment agreement is the first of many legal documents a dentist will encounter in their long career. A well-drafted associate agreement will outline the parties’ obligations and the expectations of the working relationship. These are legally binding documents, so it pays to understand…
Location, location, location. It’s an old adage that especially applies to dental practices. Many dentists work tirelessly to secure a good location for their practice. Either because they want a short commute, great visibility, less competition, or all of the above. Unfortunately, most dentists stumble on a crucial step —…
I recently attended a memorial service for a good friend’s dad. I didn’t personally know his father, but listening to my friend speak so eloquently at the service, I couldn’t help but be moved. In a few short minutes, he seemed to have captured the essence of his father’s life,…
As an entrepreneurial-minded dentist, you may be evaluating the path of starting or joining a Dental Services Organization (DSO). Let’s find out exactly what a DSO is, its benefits, and whether you should consider joining one. What is a DSO? A DSO is an organization that provides business support services…
When deciding to buy or sell a dental practice, it’s important to consider how your sales contract is structured. Typically, you’ll choose between an asset sale or a stock sale. Let’s take a look at how they differ so you can make the best decision for your dental practice transition….
Tom Sullivan, editor of the Government Health IT reports: “While 90 percent of healthcare CIOs view IT innovation as critical to success, the more surprising statistic is that fewer than one-fourth consider their existing infrastructure capable of supporting such technological advancement. That’s according to a report from MeriTalk, published Monday,…
Click Here to Print or Download Article Starting your own dental or medical practice will require as many decisions about the business of medicine as it does the practice of medicine. Making the wrong decisions from the outset will not only result in wasted time and expense to repair your…
