Understanding the Deep Value of a Practice Transition Officer

As the team at JW Practice Advisory started refining the process of dental practice transitions, it quickly became obvious that ‘Dental Broker’ could no longer be an accurate description. There are multiple areas of expertise required to ensure a smooth transition and maximum sale price. Given the broad scope of knowledge that goes into ensuring a smooth transition, we felt like ‘Practice Transition Officer’ is a better description for someone who orchestrates such a complex event.

Some of these areas of expertise might seem familiar but others will make you question why they haven’t become an industry standard yet:

• Developing a transition plan, executing all parts in an organized fashion
• Assessing dental practice value and maximizing sale price through a competitive un-biased marketplace and strategic negotiations
• Understanding of current dental market dynamics and using the knowledge to improve practice sale outcome
• Implementing transition negotiations in a way that ensures a fair outcome to the seller, buyer, staff, and patients
• Providing expertise to improve business operations and make the practice more attractive to potential buyers
• Offering emotional guidance during a key event in a practice seller’s life
• Using their wide range of knowledge and experience to facilitate a smooth transition overall, even when novel or unique issues arise

When you’re thinking of selling a dental practice wouldn’t you want someone like this on your team to help you maximize sale price and peace of mind? The dentists we’ve worked with have certainly found this approach to be helpful. Register as a seller or buyer today and leave your dental practice transition in good hands.

Heads Up: We’re Going to Dentalpalooza!

We’re happy to announce we’ll be exhibitors at Dentalpalooza this year. Drop by on June 4th and let’s discuss dental practice overhead optimization and transitioning your dental practice.