New eBook: How to Choose the Dental Career Path for You

Related Posts

What does it take to find the right fit for your practice transition?

It all comes down to finding someone who shares your mission, vision, and values. That’s true whether you’re an associate looking for a practice or a long-time owner trying to find a successor. 

So how do you assess mission, vision, and values during your search process? They can be hard to articulate — particularly if you haven’t been practicing very long — but in-depth discussions can reveal your preferences and priorities. 

Before you get to the point where you’re signing a letter of intent or an associate contract, spend time together in the practice. (Preferably, that means shadowing the practice and doctor at least three times — while patients are being seen — to get a true feel for how the practice runs.) Observe closely to make sure you’re on the same page about:

• The level of care being delivered
• How you interact with patients, specialists, and the community
• Treatment planning
• How you manage and work with staff

I recently discussed all this with Patrick Chavoustie of the Dental Brief Podcast.

This is part of the Transition Tales & Truths series in which we discuss practice transitions with real dentists.

Today’s Transition Tale comes from our friend and 2020 New Dentist Committee Vice Chair Dr. Daniel Hall. He wants to share his learnings with other dentists so hopefully they can find the right fit, the first time.

Dr. Hall got in touch with ADA Practice Transitions because he believes that ADAPT, a service created by the ADA, could have helped alleviate many of the obstacles he found during his journey to practice ownership.

You’ve worked hard to build a great practice — how can you make it stand out in a competitive market?

Last week, I spoke to a group of Florida dentists about making their practices more appealing to potential buyers and associates. During this webinar, I shared tips to help your practice shine.

Watch the recording to learn:

• What younger dentists are looking for in a practice
• Small things you can do right now to make your practice show better
• Longer-term strategies to prepare for an eventual sale
• How to attract the right buyer for your practice and patients