Step 1: Personal Transition Experience

In this first step, your specialist will help you visualize your future, set achievable goals for both your transition and afterward, and devise strategies to start you in the direction of your post-transition dreams, well in advance of your intended transition timeframe.

Step 2: Trustworthy Valuation

Your dental practice will be analyzed twice by Certified Valuation Analysts with dental industry expertise. Their findings are fair, reliable, and, importantly, respected by banking institutions. This step is an important part of your wealth management planning. The first analysis will be at the beginning of the process. The second analysis will be when you are ready to actually start your practice transition.

Step 3: Calculating Your Ideal Retirement

For this step, your specialist will partner with a trusted financial services partner to conduct a Retirement Check-Up. This is a financial review of all of your investments and projected future income to establish security in the timing and planning for your future transition. This can be done in tandem with your current advisor or as a supplemental third-party opinion. However you prefer to approach it, it’s an important step toward your ideal future.

Step 4:  Preparing Your Estate

Your specialist will refer you to a local, experienced, reliable attorney with expertise in wills, trusts, and estates, to update or create the essential legal documents that will protect your practice assets and value in the event of an unforeseen death or disability.

Step 5: Optimizing Your Practice’s Insurance Mix

Before you place your dental practice for sale, your specialist will arrange for a comprehensive and customized consultation with a PPO Advisor on the current dental insurance plans in place in your practice. They will advise on new insurance plans to consider adding to your practice, or plans to discontinue to achieve your ideal payer mix. This process will help you negotiate terms to increase your revenue, with established success.

Step 6: Ongoing Analysis

Importantly, the analysis of your practice is not static, but evolving. We will provide you with the an ongoing customized report on critical items conveniently delivered to your phone, tablet, or workstation. This report will be a guide to keep your practice producing at a high level. An annual review of the results is included as part of the analysis.

Step 7: The Trusted Transition Process

When the time is right, your specialist will help you begin transitioning your practice. This process provides a clear and consistent path to help you transition your practice, while maintaining the legacy you have worked so hard to establish. We offer a complete range of professional services, which includes a full business valuation, to provide reliable information and counsel from the start of your transition to the successful finish.

Let Us Help You Prepare Your Dental Practice for Sale

We are excited about this opportunity to help doctors considering placing their dental practice for sale all over the United States. Our process provides a powerful tool to help you set your future goals and map out the path to achieve them. Contact us today to start planning your future!

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