Every practice goes through a life cycle, a road from inception to eventual sale. The Dental Wealth Partners’ process can begin anywhere on that road – at start-up, as a practice matures, and even late in practice life to enhance its resale value.

If you desire to do a “scratch” practice, Dental Wealth Partners is the place you should start!

Our financial/lending experts will evaluate your particular situation, help you understand your budget based on your assets, how much a financing a lender will provide, and then find you the lowest cost loan available. Too often new dentists start with equipment/supply reps (whose only job is to sell you stuff – whose interest do you think they represent?), and then find they can’t get sufficient financing for all the other expenses of starting an office from scratch. DWP can educate and counsel you so there are no surprises. DWP then can help with site selection, lease negotiation, and selecting a construction company. Concurrently, help is available on the marketing and operations side – practice positioning, branding, logo, patient acquisition strategy, pricing strategy, sales training, website development, hiring staff, designing/defining the computer network and needed equipment, and setting up “best practices” systems for staff to use when you open. Once you open, DWP can handle your payroll/payroll taxes, help with HR requirements, train staff, manage marketing, and help you understand the financial results – plus have suggestions on what needs focus and training to grow profitability while reducing your stress.

Time For a Practice Check-up?

For existing practices, the Dental Wealth Partners process starts with a practice evaluation. This enables understanding of the strengths of the practice, the doctor, and the staff, along with identifying areas that need enhancement to achieve practice goals. DWP and the doctor discuss and agree on where the practice should be headed, and what needs to be accomplished. Typically, Dental Wealth Partners is then hired to both jump start and provide ongoing assistance to the practice via a multi-year retainer that ensures improvements made are reinforced and used as a platform from which continued growth and improvements can be added.

Maximize Practice Resale Value!

Doctors planning to sell their practice can enhance the practice value (and put more money in their own pocket prior to sale) by contacting Dental Wealth Partners about two years before planned sale. DWP can both create and implement strategies to increase practice revenues, make the practice more attractive by optimizing systems, and even represent you in the marketing, negotiations, and sale of the practice.

Contact us to get the ball rolling today!