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Selling Your Dental Practice? Here Are Some FAQ’s

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Sell Your Dental PracticeMaking the decision to sell your dental practice can be confusing, emotional, and overwhelming. It’s definitely not a decision that you want to make without doing some research first. We’ve had many concerned clients who have similar questions regarding the sale of their dental practice.

Because we believe it’s important to make sure you’re as informed as possible, we’ve compiled these questions (and their answers) here.

FAQ’s Regarding The Sale Of Your Dental Practice 

  • Is Selling The Right Choice?
    Only you will know when it’s the right time to sell. But there are a few things you can take into consideration when pondering this question. For example, consider your age, your health, your future goals, and your financial stability. These questions can help make a difficult decision a lot easier.
  • When Do I Tell Staff & Patients?
    We recommend that you not tell your staff or patients of your plans to sell until after all paperwork has been signed. Otherwise you risk having nervous employees looking for new jobs or frustrated patients looking for a new dentist.
  • How Long Will The Process Take?
    When considering how long the sale of your practice will take, you need to take into account your motivation to sell, the traits of your practice, and the current market. We’ve seen some practices sell in weeks and others take more than a year. We can help you figure out the answer to this question once we know more about you and your practice.
  • Who Will I Need To Help Me?
    During the sale of your practice, we recommend having an accountant, a lawyer, and a consultant or broker. This way you’re less likely to make any costly mistakes.

We know that the sale of your dental practice can be difficult, but there are ways to make it easier. It’s important to have all of your bases covered before making this decision. For more tips on selling your practice or for help with your insurance credentialing, please contact Dental Insurance Credentialing.

Posted on Jun 12, 2017

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Technology has made it much simpler to stay in contact with your patients. From traditional communication methods like…
In light of the nation’s current situation, there’s no time like the present to prepare for a recession. With COVID-19…
If you’re having trouble with finances, you’re not the only one. As recently as 2014, it was discovered that dental…

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