Practice Profile: Family-Friendly Practice and Lifestyle

Posted by Betsy Krekling, ADA Advisor on 12/2/22 8:15 AM

Make this 5-operatory family practice your own! Serving the community since 1994, the brick office is located in a residential neighborhood. You’ll be within walking distance of the historic downtown filled with restaurants and shopping, yet have easy access to the interstate. 

The seller currently works three days a week (by choice) out of three operatories, giving you plenty of potential to expand the schedule and treatment offerings to bring in new patients. 

The real estate is also for sale: a stand-alone brick building with roomy operatories and lots of windows. The patient areas are easily accessible (no stairs), and there’s ample on-site parking.  Upstairs, you’ll find a finished doctor’s office, a full bath/shower, and plenty of storage. The building has been upgraded and well maintained, with a new roof, flooring, AC, and alarm system.  

The doctor is ready to sell, but willing to stick around to ensure a smooth transition and help retain the life-long patients.

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Topics: practice profiles

Practice Profile: Build a Big Career While Working in a Mansion

Posted by Betsy Krekling, ADA Advisor on 11/11/22 7:45 AM

Whether you prefer to focus on bread-and-butter dentistry or want to expand into more complex procedures, check out this busy, 20-operatory practice! You’ll join two other general dentists and one pediatric dentist serving 6,000+ patients. With such a diverse patient pool and doctors dedicated to mentorship, you’ll have plenty of opportunities to fine-tune your hand skills while learning more advanced techniques. 

Make a great living in this full-time associateship while surrounded by supportive colleagues who work well together. Earn a great salary and benefits, including daily guarantee, 401k with match, profit sharing, disability/life insurance, and more. 

Plus, the fully updated practice is located in a gorgeously rehabbed 1860s mansion that blends vintage architecture with modern technology. Crown molding surrounds the rooms, while a beautiful fireplace and extravagant chandelier are juxtaposed with brand-new modern Aidec chairs and cabinetry. All the patients comment on the design, and the building even received a historic award from the state. The operatories are bright with big windows, making an absolutely beautiful space to work in.

You’ll be productive from your first day. Word-of-mouth referrals continue to attract new patients who face wait times of 16+ weeks. Start with bread-and-butter dentistry, then choose to stay in your comfort zone or grow into more specialized procedures: your call!

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Topics: practice profiles

Practice Profile: Turnkey, State-of-the-Art Practice in Nation’s Best Place to Live

Posted by Betsy Krekling, ADA Advisor on 10/21/22 8:34 AM

Want a turnkey practice in a fast-growing area with a low cost of living? This state-of-the-art family practice needs YOU! The 5-operatory family practice has built a great reputation for delivering honest, trustworthy care. Now, the retiring owner is ready to hand over the reins to someone who will serve this great (and growing) population. 

The practice’s experienced team currently delivers the full range of general dentistry, plus pediatric and sedation dentistry, treatment for TMJ/TMD, sleep apnea treatment, and snoring prevention. They also provide a full suite of implant dental services, such as regular dental implants, mini implants, and implant-supported dentures.

The seller explains, “The strength of our practice is in our mission statement and that is to provide superior dental treatment to our patients with careful attention to their individual needs and comfort in a state-of-the-art facility. Our patients should feel confident that they are receiving treatment from a caring professional team that exhibits honesty, empathy, and trust. We strive to educate our patients and enable them to be committed to attain a lifetime of optimal oral health. We are committed to the highest degree of personal and professional growth through continuing education.”

The office is well situated in a medical district with easy highway access. Currently open four days a week, you can add hours to draw new patients. 

And in this growing area — recently named the 2022-2023 Best Place to Live in the nation by US News and World Report — you can tap into plenty of demand!

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Topics: practice profiles

Why the Great Resignation Offers Opportunity For Ambitious Young Dentists

As the Great Resignation reaches dentistry, it may exacerbate existing access-to-care problems — possibly leading to declining oral health, more dental emergencies, and even an increase in heart disease and other serious health problems. 

A July report by the ADA’s Health Policy Institute found that 74% of private practice dentists say that it is currently “extremely challenging” to recruit qualified dental hygienists, and another 19% say it is “very challenging.” Similarly, 84% of dentists say it is extremely or very challenging to recruit dental assistants. We recently looked at ways that practice owners can retain their knowledgeable staff who have built relationships with patients. 

However, dentistry is also seeing another side of the Great Resignation: many older dentists are accelerating their retirement plans.

At ADA Practice Transitions, we’re seeing another trend: young dentists are embracing the opportunity to step into established practices and take proactive steps to retain hardworking staff. In many cases, these dentists can tap into programs, such as the National Health Service Corps, that forgive student loans for dentists providing care in underserved communities

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Topics: Real Talk

Learn and Earn in this High-Tech, Full-Time Associateship

Posted by Betsy Krekling, ADA Advisor on 10/14/22 8:33 AM

Earn a great living while becoming the dentist you’ve always wanted to be! This fantastic practice needs a full-time associate to meet growing demand. Earn a minimum annual salary of $175,000 (plus production bonuses) while learning quality dentistry (including sedation, if you like) using high-tech equipment. The owner is open to an equity opportunity, too! New grads are welcome. 

You can work from two office locations in neighboring towns. One has 10 fully updated operatories with Adec equipment, CBCT, dental lasers, Exocad software, 3D printers, digital sensors, phosphor plate digital x-rays, iTeros, Planmeca dental mill, and much much more. The other location is being updated to include new CBCT and iTero machines. 

The mentorship-focused owner is open to new graduates and commits himself to ongoing education to learn the latest best practices. 

The practice does very well financially, with a base of 70% fee-for-service patients driving strong production. As an associate, you’ll earn a great base salary of $175k, plus production bonuses.

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Topics: practice profiles

Dental School to Practice Ownership in Under 2 Years: ADA Practice Transitions Makes Perfect Match

Today, we’re thrilled to update one of the very first success stories for ADA Practice TransitionsTM

Back in 2019, Dr. Joe Thibodeau was beginning to think about slowing down and selling his practice. But he wanted to ensure the patients in his Lincoln, Maine practice would be cared for long after he left. 

“As busy as this office is, slowing down meant putting a lot of patients off,” Dr. Thibodeau says. “I felt I couldn’t do that.”

After striking out with a practice management company, he turned to ADA Practice Transitions. He created a free profile that articulated his style of dentistry, his timeline, and his goals. 

 

Watch the video: Dr. Sciolino and Dr. Thibodeau

“The big companies, you pay a big chunk of money off the bat just to get the process started,” Dr. Thibodeau says. “That’s difficult to swallow. I don’t think I got my money’s worth – I did not get one hit, and I had to contact the company or else I did not hear from them.”

Meanwhile, Kristen Sciolino was beginning to job hunt during her D4 year at the University of New England. However, she wasn’t just looking for a first job; rather, she wanted to find a place where she could build a career and eventually buy out the owner. When she heard about ADA Practice Transitions through an on-campus event, she created a profile that showcased her goals and desire to live in a small town. 

ADA Practice Transitions matched the pair based on shared goals and a similar approach to dentistry. The two hit it off right away.

“We really meshed from the start, and it felt very easy,” Dr. Sciolino says, noting she could immediately see herself working in the practice. “Personalities vary significantly, as well as ideas on how to practice,” she explains. “ADAPT isn’t just matching you with an area. It’s matching you with a person, a practice, and a mindset, so you’re not going into a situation where you and your potential boss or coworker don’t mesh.”

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Topics: transition tales, videos

Choose Your Own Adventure: 5 Great Practices, 1 Great City

Posted by Betsy Krekling, ADA Advisor on 10/7/22 7:00 AM
If you haven’t heard of Appleton, Wisconsin, it might be time to take a look — especially if you’re looking to build your dental career! We currently have several doctors in and around Appleton looking for associates, partners, or successors! This is a great place to choose your own (dental) adventure:
  • Find an associateship and take advantage of the lower cost of living to pay back your loans
  • Partner in a busy practice
  • Be your own boss with a turn-key purchase
  • Get the mentorship you need for eventual practice ownership
  • Learn TMJ/sleep treatments from an expert

Appleton, Wisconsin is a welcoming small city that has been ranked among the Top 100 Best Places to Live based on amenities, economy, healthcare, housing, transportation, and social/civic culture. Local home prices are nearly 20% lower than the national median, and the average resident spends just 28% of their monthly salary on housing costs. People love living here because of the low cost of living, growing entertainment and food scenes, seasonal events, and family-friendly environment. 

The Fox River flows through this city of 74,000 people in northeast Wisconsin. Just 30 minutes from Green Bay and less than two hours to both Milwaukee and Madison, Appleton is surrounded by nature preserves and outdoor recreation, yet close to everything you could need. Right downtown, enjoy:

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Topics: practice profiles

Student Loans? Cut Your Debt in Half (or More)

Dental school graduates know the pain of student loans all too well. The American Dental Education Association estimates that 2021 graduates were saddled with an average of $301,583 in loans

However, don’t let your dental school loans deter you from building the career you’ve always dreamed of! 

Whether you’re looking for that first associateship or striving for practice ownership, there are ways to pay off your loans on someone else’s dime. The federal government, states, and even local municipalities have created a host of programs that can ease the burden. Refinancing can help, too — as can a bit of creativity. 

Read on for some possible ways to cut your dental debt. 

Check the Public Service Loan Forgiveness Program

The U.S. Department of Education Public Service Loan Forgiveness Program is accepting applications through October 31, 2022 — so if you haven’t checked your own eligibility, take a minute to do so now! Even if you can only get $10-20K in forgiveness, it is worth taking the time to fill out the paperwork.

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Topics: incoming, associateship, Real Talk

Practice Profile: Patient-Centric, Cutting-Edge Dentistry in Updated Practice

Posted by Betsy Krekling, ADA Advisor on 9/30/22 7:30 AM
The patient comes first in this well-established 4-operatory practice with cutting-edge technology! Personable, dedicated staff strive to get to know each patient, building lasting, satisfying relationships with patients of all ages. 
 
The long-time owner is ready to sell but open to sticking around to help mentor the buyer, especially for Invisalign cases. 
 
The seller says, “All in all, our office and employees strive daily to give the patients a comfortable and easy-going feeling when walking through the doors. The town, community, and surrounding areas are perfect for someone looking to expand relationships with new patients and people and continue to build this relationship-based business. Here, you can provide great customer care and service in a beautiful building and better yourself as an employer and friend at the same time. You will not be disappointed in the simplistic beauty of the office or the potential lifelong friendships!”
 
The office includes updated equipment for the endo and oral surgery done right in the office. The seller has always tried to be on the cutting edge of dental technologies. He was an early adopter of electric handpieces (1997) and digital radiography (2000). Today, the office has the Planmeca extraoral panoramic digital 3D x-ray system, Itero, and other equipment. He also provides Invisalign and TruDenta® pain relief. Patients appreciate the convenience of having so many services readily available. 
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Topics: practice profiles

Get the Keys to a Successful Practice Transition at SmileCon

Posted by ADA Practice Transitions Team on 9/28/22 7:15 AM

The ADA Practice Transitions team is heading to SmileCon in Houston! If you’re thinking about your own practice transition, make sure to stop by Booth #1640, right in the ADA Member Center, to get all your practice transition questions answered. You can even schedule a one-on-one meeting with one of our ADA Advisors to talk through your own transition goals and plan. 

Schedule a Meeting
And if you know you’re ready for a change but don’t yet have a plan — make an appointment. Our Advisors are experts at helping you think through your preferences and priorities. A quick conversation can help you start taking your next steps with confidence.

Everyone who stops by our booth walks away with something — and we’ll even give you a key to try to unlock an On-The-Go Prize Pack.

While you’re planning your SmileCon agenda, be sure to check out these sessions from ADA Practice Transitions experts:

(5143) Beyond Salary: Negotiate the Best Contract for Your Goals

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