100 West Road suite 410
Towson, MD 21204
Allen Schiff, Dental CPA, has been featured in delmainanalytics.com’s latest article “57 Definitive Dental Practice Management Tips from 57 Dental Practice Consultants” giving advice regarding:
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57 Definitive Dental Practice Management Tips from 57 Dental Practice Consultants
What will the dental profession will look like in 10 years? Are you and your team prepared to face the future with a successful action plan?
As a dentist, you are used to thinking about the big picture. This is true when you are caring for your patients, as they turn to you for your expertise to establish a lifetime of optimal oral health. But do you employ the same forward-thinking strategies to ensure the long-term health of your business?
Dentistry is changing. New technology is constantly being developed leading to entirely new procedures, which in turn creates a new market of patients who could benefit from your services. Furthermore, the business landscape of the profession is evolving. What used to be a field dominated by independently owned practices has become increasingly more corporate-based. Ask yourself where your practice fits into the landscape of differing business models in dentistry.
If one thing is for certain in dentistry, it is that the future will continue to bring change. Did you ever think you would be ordering supplies from your smartphone or connecting with potential new patients on Facebook? The future will likely bring innovations bridging the education and communication gap between dentist and patient.
Like today, the key to success will lie in your ability to build trusting, loyal relationships. It is essential that your marketing messages hone in on the unique qualities that make your practice and your team stand out from the crowd. A re-branding strategy can help freshen your practice’s appeal to your community and attract your ideal new patient.
You’ve probably heard the saying, “The more things change, the more they stay the same.” The future will bring changes to the dental profession, but that shouldn’t come as a surprise nor should it be a cause for concern. Face the future with optimism and an action plan.
DENTAL PRACTICE TRANSITIONS LETTERS: The General Dental Practice we had listed in Laurel, MD closed last week. The Dental Practice was large enough that the new owner will be able to retain one of the sellers of the dental practice as a full time associate while the other seller will retire. We were able to match the sellers of this dental practice up with the perfect credentialed buyer which turns out grew up in the same area as one of the sellers.
Here is a pic of the backseat of my car containing 2500 Dental Practice Transitions Letters on the way to the post office. These letters introduce the new buyer to the Patients in a friendly but professional manner. The letters not only inform the patients of the dentists pending retirement, but favorably introduce the buyer as well. The letter also includes a brief biography of the buyer, the buyers educational credentials and areas of specialization, hobbies, as well as a description of the family.
This is just another service Dentists receive when they list their practice with Schiff Dental Brokerage. It took a couple members of our team two full days to print, stuff, label, and seal these envelopes but this is an essential step of the transition process if the buyer expects to maintain the maximum amount of patients possible.
Contact Eric Schiff with Schiff Dental Brokerage today to list your practice for sale and receive the same professional service.
DENTAL PRACTICE TRANSITION LETTERS: The General Dental Practice we had listed in Laurel, MD closed last week. The Dental Practice was large enough that the new owner will be able to retain one of the sellers of the dental practice as a full time associate while the other seller will retire. We were able to match the sellers of this dental practice up with the perfect credentialed buyer which turns out grew up in the same area as one of the sellers.
Here is a pic of the backseat of my car containing 2500 Dental Practice Transition Letters on the way to the post office. These letters introduce the new buyer to the Patients in a friendly but professional manner. The letters not only inform the patients of the dentists pending retirement, but favorably introduce the buyer as well. The letter also includes a brief biography of the buyer, the buyers educational credentials and areas of specialization, hobbies, as well as a description of the family.
This is just another service Dentists receive when they list their practice with Schiff Dental Brokerage. It took a couple members of our team two full days to print, stuff, label, and seal these envelopes but this is an essential step of the transition process if the buyer expects to maintain the maximum amount of patients possible.
Contact Eric Schiff with Schiff Dental Brokerage today to list your practice for sale and receive the same professional service.
Art Wiederman, a co-founder of the ADCPA, hosts a podcast called 'The Art of Dental Finance with Art Wiederman, CPA'. This podcast will help you to meet your personal and business financial goals through saving taxes, investing and planning wisely and managing your dental practice to be as profitable as possible. We highly encourage you to listen to Art's Podcasts!
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