As individual dental practices have struggled to compete with larger DSOs during the COVID-19 pandemic, a new consultation service has launched to help private dentists purchase practices.
Atlanta-based Buy The Right Practice is a team of owner dentists and experts available to help private dentists who are looking to buy practices as corporate dentistry. The company's five-step system helps dentists prepare for ownership by educating them on the market, assisting with finances and helping them find practices that are a good fit for their needs.
Search agents help dentists find a suitable practice, while additional help will be given by team members throughout the purchase process, such as financial and operational analyses, audits and legal work.
The goal of the service is to level the playing field against DSOs by helping dentists transition ownership with minimal patient turnover and identify growth opportunities that will increase production and profits at their practices.