Practice Evaluations
Looking to purchase or merge a practice?
Aside from buying a home, investing in a dental practice is likely the single most important financial decision you'll make. Just as you wouldn't purchase a house without an inspection, you shouldn't acquire a practice without a comprehensive evaluation. Our team exclusively represents purchasers, conducting thorough due diligence to identify potential roadblocks that could impact your success. We analyze business systems and historical data to determine if the practice is operating efficiently and uncover opportunities for growth.
How we help
Practice Review
Our comprehensive practice review examines key metrics such as patient retention, hygiene and doctor production, scheduling, accounts receivable, active and past due patient counts, treatment acceptance, insurance involvement, and new patient procedures.
Demographic Report
We provide a detailed demographic report of the practice's location, helping you understand the potential patient base, competition, and opportunities for growth in the area.
Fee Analysis
Our fee analysis compares the practice's current fees to local and national averages, identifying areas where adjustments could improve profitability without compromising patient care.
Executive Summary Report
You'll receive an executive summary report that highlights the practice's strengths, weaknesses, and opportunities, providing you with a clear understanding of its value and potential. At the end of this extensive analysis you will have all the intel to make a buying decision and hopefully close on the practice of your dreams.
Revenue Opportunity
By analyzing two years of profit and loss statements, tax returns, and collection data, we uncover revenue opportunities and provide recommendations for optimizing the practice's financial performance.
Program
timeline
Have questions?
Find answers here.
How long does a practice evaluation take?
A comprehensive practice evaluation typically takes 5-7 business days, depending on the complexity of the practice and the availability of necessary data and documents.
What information do I need to provide for a practice evaluation?
To conduct a thorough evaluation, we'll need access to the practice's patient data, financial records (including profit and loss statements and tax returns), fee schedules, and other relevant documentation.
If you're interested in a practice evaluation, get in touch with our team, and we'll provide a detailed list of required information.