Our comprehensive consulting approach is built on five critical areas to ensure your success.
Clarify Your Vision
A successful acquisition starts with a clear vision and strategic plan. We work with you to:
- Evaluate the current state of the practice, including patient base, production, and financial performance.
- Define a 10-year business plan that aligns with your goals and growth expectations.
- Conduct market and demographic research to ensure the practice remains competitive.
- Assess the feasibility of expansion or service modifications to increase profitability.
- Review and negotiate contracts with vendors, suppliers, and advisors to ensure cost efficiency.
Optimize Your Business Strategy
Transitioning into ownership means fine-tuning the practice’s existing systems while implementing improvements for long-term success. We help you:
- Analyze the current service offerings and make recommendations for expansion or refinement.
- Evaluate existing insurance participation and develop a strategic PPO contracting plan to optimize reimbursements.
- Determine private office fees and renegotiate higher insurance reimbursements where applicable.
- Conduct financial assessments, including profitability analysis and break-even projections.
- Streamline record-keeping and centralize financial data for a more efficient transition.
Build and Integrate Your Team
One of the biggest challenges in a practice acquisition is team transition and integration. We provide expert human resources support to ensure a smooth cultural and operational shift. Our services include:
- Assessing the current team structure and identifying gaps in staffing.
- Onboarding, training, and retaining key team members to ensure continuity.
- Developing job descriptions and performance evaluation systems.
- Implementing HR policies and manuals that align with your leadership style and practice goals.
- Establishing clear communication strategies to maintain staff morale and productivity during the transition.
Train and Mentor for a Smooth Transition
A successful acquisition requires aligning the team with your leadership, vision, and operational strategies. We provide hands-on training to ensure:
- Seamless operational transition from the previous owner to you.
- Efficient dental insurance and PPO management to maintain cash flow.
- KPI tracking and financial oversight to monitor profitability.
- OSHA and HIPAA compliance training to meet regulatory standards.
- Marketing and patient retention strategies to minimize attrition.
- Leadership coaching to help you establish trust and authority with your new team and patient base.
Launch with Support for Sustainable Growth
After the transition, ongoing guidance is essential to ensure continued success. We help you:
- Evaluate operational efficiency and implement necessary improvements.
- Develop marketing initiatives to maintain and expand the patient base.
- Analyze financial performance and track key growth indicators.
- Set goals and benchmarks for continued expansion and long-term profitability.
- Refine systems and workflows to increase production and streamline operations.