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Two years ago two doctors (Drs. A and B) had similar problems, and that was that their dental practices weren’t busy enough! They wanted to increase their practice productivity in their current office to maximize the advantages of “Economy of Scale” (additional production in the existing facility).
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AFTCO developed a unique process known as “Dual Representation,” whereby we represent the interest of both parties involved in a practice transition. Dealing exclusively with dental practices, AFTCO is now the largest consulting firm of its kind in the world. Our success is a testament to the fact that our unique process of Dual Representation really works.
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Two dentists, partners in a successful general dental practice, were interested in having a buy-out agreement drawn up spelling out the responsibilities and obligations of the surviving partner should the other partner become disabled or die. They called in their insurance agent and attorney, who together proposed an insurance funded buy-out arrangement.
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Ask The Experts
When you recognize the clinical and management compensation as an overhead expense, the overhead percentage should be 80% to 85% of annual gross collections for a well run general dental practice.
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Absolutely. The best thing the owner of a practice can do when he wants to sell his practice (and has an associate with no contract working in the practice) is to offer to pay $5000 or $10,000 to the associate as consideration for a restrictive covenant that can be transferred to a new purchaser.
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The data source for Dentistics is the database of dentists in the U.S. maintained by AFTCO and the demographics are supplied by the U.S. government census bureau, etc.
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