Practice Evaluation
If your car isn’t running right, or you personally aren’t feeling well, you can ignore it or have a check-up. You talk to patients every day about the risks of ignoring your diagnosis, and there are risks to your car or yourself if you ignore warning signs.
But how about the practice you’re planning to sell – when have you had a professional do a check-up? What if there are easy fixes that will make your life and practice run smoothly and profitably? What if there are one or two major items that need attention critical to your ability to sell your practice, and sell it for the best price? There’s an old adage, “You don’t know what you don’t know”, and ignorance can be fatal. Plus, since practice valuation is heavily weighted to revenue, what if you could change some things that will drive revenue and sales price upward? Wouldn’t that be worth a check-up?
And if you’re in the market for a practice, you’re basically operating “blind”. Practice transition companies tend to value practices based primarily upon revenue numbers, but common sense says two practices doing the same revenue can have very different long-term value if one is running on all cylinders and another has problems. A DWP Practice Evaluation can help you understand what’s really going on, and what it’s going to take to fix anything broken.
The DWP Practice Evaluation thoroughly examines every aspect of your practice. DWP consultants then evaluate, diagnose, and develop a treatment plan for the practice. You’ll then have the choice to ignore it, try to fix it yourself, or hire someone to help. Naturally, Dental Wealth Partners will stand ready to help you out if you so desire. Just contact us to get the process started.
