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The Practice Optimizer Experience
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Too often, dentists work their whole career, hoping they have enough to retire on, but don’t have an idea of what groundwork needs to be done before they get there. Those who have a plan, and have been working on that plan, find themselves in a much more advantageous position when they get to the point in their career that they are ready to retire.
How Far from Retirement are You?
At DDSmatch Southwest, many of our clients are three to seven years out from retirement. To take advantage of that time, we have created the Practice Optimizer Experience to help them be ready for a transition at the time of their choosing. As we see it, that is our role as dental practice transition specialists, to give you options.
Have You Thought About What You Will Do When You Retire?
What do you want to do with those years? When we ask these questions of our clients, the ones with a quick answer—travel, fishing, golf, or even staying active in dentistry but not relying on it for income— those clients tend to be more prepared, ready to take that next step. If you haven’t yet thought it through, we’re happy to take the time to help you find the answers to those questions and start putting together a plan to get you where you want to go.
The Benefits of Planning Ahead
A dentist who transitions their practice in the right way can look forward to a longer life, with less stress, and money in the bank. With the Practice Optimizer Experience, we can help you make your plan, get prepared, and find the high point where you can get the most out of your dental practice transition, and the most out of your retirement years.
Here at DDSmatch Southwest, our satisfaction comes from hearing our clients talk about their retirement experience, what they are doing, and how much they are enjoying it. That’s when we know we’ve done our job well.
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Prepare a Dental Practice for Sale in 3-7 Years
DDSmatch has been successfully connecting dentists’ present with their future for over ten years. A major factor in our success are our proven processes, which are continually revised with new information from each dental office transition that we facilitate. The Practice Optimizer Experience continues this tradition. If you are thinking about placing your dental practice for sale, this program can be invaluable to you as you prepare, plan, and prioritize for your future transition.
Below, we’ll briefly outline each step of the process.
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The Practice Optimizer Experience—Helping Dentists Plan and Prepare for a Future
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[av_toggle title=’Step 1: Conceptual Transition Experience’ tags=” custom_id=” av_uid=’av-b1q0uw’]
In this first step, your DDSmatch dental practice transition 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.
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[av_toggle title=’Step 2: Trusted Valuation Analysis’ tags=” custom_id=” av_uid=’av-vkv94′]
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. At DDSmatch, we’ve partnered with the professionals at Blue & Co. to provide our valuation analyses. 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 and move on to our Trusted Transition Process.
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[av_toggle title=’Step 3: Ideal Retirement Calculation’ tags=” custom_id=” av_uid=’av-72zs08′]
For this step, DDSmatch has partnered with HK Financial Services 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.
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[av_toggle title=’Step 4: Estate Preparedness Gameplan’ tags=” custom_id=” av_uid=’av-6hmyjc’]
Your DDSmatch practice transition specialist will refer you to a local experienced and 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.
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[av_toggle title=’Step 5: Dental Insurance Navigator’ tags=” custom_id=” av_uid=’av-3kzt94′]
Before you place your dental practice for sale, DDSmatch will arrange for a comprehensive and customized consultation with Shelley DeGroff of Integrative Dental Solutions, a PPO Advisor on the current dental insurance plans in place in your practice. Ms. DeGroff will advise on new insurance plans to consider adding to your practice, or plans to discontinue to achieve your ideal payer mix. Ms. DeGroff and her company have established relationships with insurance companies and their representatives that allow them to be in a unique position to negotiate terms to increase your revenue, with established success nationwide.
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[av_toggle title=’Step 6: Clinical Opportunity Blueprint’ tags=” custom_id=” av_uid=’av-6d42c8′]
Using Dr. Charles Blair’s “Practice Booster Clinical Treatment Analyzer,” we reveal your practice’s potential in a 70-page report. This report functions as a blueprint of opportunities, detailing production mix and intensity, new patient flow, and more. This step allows you to maximize the opportunities for growth in your practice.
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[av_toggle title=’Step 7: Critical Metrics Analysis’ tags=” custom_id=” av_uid=’av-3mo96g’]
Importantly, the analysis of your practice is not static, but evolving. We will provide you with the Practice in Your Pocket Ongoing Report, a 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.
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[av_toggle title=’Step 8: The Trusted Transition Process’ tags=” custom_id=” av_uid=’av-37s7c8′]
When the time is right, your DDSmatch practice transition specialist will start you on the Trusted Transition Process. 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.
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Let DDSmatch Help You Prepare Your Dental Practice for Sale
We are excited about this opportunity to better help doctors considering placing their dental practice for sale in Texas and New Mexico. The Practice Optimizer Experience is a powerful tool to help you set your future goals and map out the path to achieve them. Plus, the Practice Optimizer fee will be refunded against any fees for a future transition.
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