What is a practice merger? A practice merger is a transaction where one doctor sells his/her practice to another established doctor in the same area and merge the practices together in one office.
The president of Burger King calls the president of McDonald's about getting together to talk about merging their restaurants. Does the president of McDonald's accept or not accept the call? Does the president of McDonald's want to know more about what the president of Burger King has in mind? Do they talk or do they not talk?
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Office rent should be in the area of 4% of gross practice gross revenues...
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.
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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