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Dental Practice Financial/Transitional Planning

Dental Business Planning

We have a deep understanding of the financial and management issues of dental and specialty practices that enables us to provide value to clients with regards to the business.

As part of the comprehensive personal planning session, we focus intently on the dental practice from a financial, tax and managerial perspective. We help our clients formulate growth strategies, control expenses and take advantage of tax-saving opportunities. Establishing the break-even for the practice assures that the financial resources are utilized efficiently.

A typical dental business planning meeting with Paladini Financial Management will address the following areas of concern.

  • Business Cash Flow & Financial Statement Analysis
  • Industry Norm Comparisons – including salaries, fees, supply budgets and overhead
  • Challenge / Opportunity Identification
  • Production Break-Even Goals
  • Practice Management Measures
  • Income Tax Planning
  • Pension Planning
  • Tax Planning
  • Insurance Review

Proper financial management of our clients’ dental businesses focuses on both improving profitability in the short-term for personal cash flow and maximizing the overall transition value of the business.

For greater detail on how our dental business planning services can help you, we invite you to call us today!

Practice Transition Services

Our experience and expertise in the area of dental practice valuations, transitions, associations and partnerships adds tremendous value to our clients. In fact, most dental professionals tell us that this part of the business can be confusing and intimidating, and therefore is often neglected. Formulating a business transition plan can add significantly to the client’s financial well-being.

First, we help our clients assess the viability of transitioning a portion or the entire practice. In this process, we identify key factors and benchmarks that must be in place in order to allow for successful transitions.

Next, we develop a plan for the transition that fits the client’s vision. This typically varies between associateships, partnerships or outright practice sales.

Finally, when the business and owner are fully prepared for a transition, we provide our clients with a practice valuation prepared by a Certified Valuation Analyst (CVA). In addition to establishing the “value” of the business, we propose the structure and manage the timeline of the deal from agreement on price to the closing of the transaction. During this process, we address many issues that must be structured correctly including entity formation, financing, insurance, partnership agreement provisions, etc. We draw on our expertise to provide our client, their employees and patients the efficient business transition that they all desire.

For greater detail on how our dental business planning services can help you, we invite you to call us today!