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The Insider’s Guide to Practice Valuation: What New Dentists Should Know

  1. Name of sponsoring organization
    1. Mira Britman
  2. Details of the activity (e.g., where, when)
    1. 11-4-24 12 PM in Lecture Room B
    2. The presentation was given by Maritza Duran
  3. What you learned
    1. determining the intangible and tangible factors in acquiring a practice, maintaining patient and staff loyalty, and the accounting side of running a business
    2. need a vision for dental practice
    3. managing cashflow in a office
  4. How the activity relates to coursework or your career goals
    1. I would like to buy a practice on day and this session was helpful in the business side of running a practice and maintaining patient and staff loyalty. She talked about analyzing the earnings of a practice and the costs to determine if it is a successful practice. She gave example of a dentist acquiring an existing practice but the staff and patients were leaving because they had loyalty to the former dentist. These are potential issues I would run into in the future and having a plan/strategies would be helpful with that.

 

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