Buy the Practice YOU Want | Urban vs Rural Dental Practice Purchase

While the conventional wisdom out there says “go rural,” my first question is: “What do YOU want to buy?” While there is no right or wrong answer, I can help you think through the options and implications so you can make the right choice for you.

Ultimately, though, it’s about what will make you and your family happiest. Either way, there are some considerations to keep in mind.

What You Need to Know About Your Future Patients | Evaluating a Dental Practice to Buy

When buying a dental practice, the two most important things to know about your patients (before you own the practice, anyway) are AGE and GEOGRAPHY. Knowing just these two pieces of information can give you a massive heads-up about what kind of practice you’re stepping into.

The IDEAL Active Patient Number | Finding a Dental Practice to Buy

Q: What is an ideal active patient count for dental practices?

A: There is not a definitive number! However, conventional wisdom says you should see an active patient count of ~900 patients for every $500,000 in collections.

That being said, active patient count is not as important as people think it is. At least, not on its own. Let’s dig into the context.

3 Vital Numbers You Need to Know | Finding a Dental Practice to Buy

Q: How do I analyze production when buying a dental practice?

A: When reviewing office production, look into three categories: ratio of collections to production, hygiene production, and procedure production.

This breakdown, though seemingly simple, speaks a lot to your future in the practice and how well it aligns with your skillset.