Practice Purchase Consulting

Straight to the Point!
What is Practice Purchase Dental Consulting?
Step by step assistance with over 5000 tasks a Canadian dentist goes through when purchasing a dental practice.
  
How will New Start Dental Consulting help me?  
1. You will get into your practice earlier 
2. You will save between $40K and $75K in costs
3. You will start on a good foot with your staff
4. Minimizes patient loss during the transition

What will I get with Practice Purchase Dental Consulting?
A team of people who are with you from the beginning to when the practice is successful. 

How much dentist’s time does it take up?
The dentist will be needed throughout the process. 

Cost of a Practice Purchase Dental Consulting
It is like a patient asking "how much is a dental treatment?"  The prices vary greatly depending on the needs of the dentist, the competitiveness of the market and the involvement of the dentist.  The prices range from $2,000 to $15,000. 

Return on Investment 
In order for us to take on a project, our target return needs to be at least 5 times dentist's initial investment.  In other words, if the cost of the project is $5,000, your bottom line profit needs to be at least $25,000 as a result of our work.   

Tell Me More...
Purchasing a practice has the advantage of having a revenue stream from the beginning.  However when you purchase a practice you purchase all of the problems.  At the same time you are purchasing an opportunity to turn it around.  Your first 60 days are crucial.  The patients and your employees will be watching you closely.  Although none of the tasks are difficult on its own, the challenge is completing all of the tasks in the right order, the fastest and at the lowest cost.  The trick is to get through the transition as quickly as possible with least pain, at lowest cost with the greatest results.  

This is where we come in.  We offer the dentist a step-by-step program to start their dental practice.  With our program the dentists know what should be done week by week over the first two years.  It is not a cookie-cutter solution; rather we modify the plan depending on the dentist, the dentist's skills, financial resources and goals.  The cost of this program varies depending on our involvement.  It helps if the dentist has a spouse or a partner who will be the office manager.  The program outlines what needs to be done in each of the following areas:

1. Strategic Planning
2. Evaluating the Practice Appraisal
3. Evaluating the Location
4. Business Plan Preparation
5. Financial Loan Negotiations
6. Risk Management (Obtaining all insurances)
7. Regulations Compliance
8. Revenue Maximization Strategy
9. Cost Control & Embezzlement Systems
10. Marketing
11. Employee Hiring
12. Employee Training & Development
13. Procedures & Protocols
14. Case Presentation Strategy
15. Hygiene Program
16. Human Resources Management
17. Patient Mangement
18. Office Manual Preparation
19. Team Building & Motivation