Welcome back to Practice Underwater, a solo episode where host Dr. George Hariri steps up to detail the unconventional acquisitions in dentistry journey of Mastermind member Nesto.
George explores the stark contrast between Nesto's two acquisitions in dentistry: a thriving $1.1M office with seven hygiene days and a slower practice losing $80,000 annually after a massive post-sale collections drop from $690,000 to $338,000.
They analyze a critical decision in dental practice ownership: whether Nesto should cut his losses by shifting debt to his profitable office, or stick to his gritty pseudo-specialist vision through disciplined dental practice management and targeted cost-cutting.
This is a must-listen for anyone undergoing an associate to owner transition or evaluating acquisitions in dentistry who wants to master portfolio financial management for dentists.
In this episode:
- The operational danger of buying a clinic with inflated collections built on high-ticket procedures but only one hygiene day .
- How a sudden dental school partnership dissolution doubled Nesto's expected ownership and clinical workload .
- Analyzing the $80,000 annual cash drain triggered when a less-productive associate doctor entered the schedule .
- Breaking down George's three strategic options for diagnosing and resolving a deeply distressed dental asset .
- A CFO-driven framework to aggressively cut expenses in a slow office and reinvest cash flow from a busy clinic .
Whether navigating an associate to owner transition or vetting acquisitions in dentistry, this is your survival guide. Ready to scale your dental practice ownership?
Visit
https://sharedpractices.com/ for our "Free Look" service and follow our social channels for roadmap updates. Join the community and turn your clinical skills into a thriving business.
What is Shared Practices | Your Dental Roadmap through Practice Ownership?
A bootcamp in small business ownership and practice management for dentists, giving the new graduate a roadmap to successful practice ownership. We interview the best dentists, experts, consultants and more on our weekly show. Here's the topics we will be covering in our 8 Seasons:
1. First Years as a Dentist
2. Think Like a Business Owner
3. Money and Numbers
4. Startups, Acquisitions, and Partnerships
5. Internal Systems
6. Marketing & Growth
7. Leadership, Vision and Culture
8. Beyond Dentistry
Go to SharedPractices.com to download the 8 Season Roadmap.