Finance

Bruce Bryen is a certified public accountant with over 45 years of experience and is a part of Baratz & Associates CPAs. He specializes in deferred compensation, such as retirement planning design; income and estate tax planning; determination of the proper organizational business structure; asset protection and structuring loan packages for presentation to financial institutions. He is experienced in providing litigation support services to dentists with Valuation and Expert Witness testimony in matrimonial and partnership dispute cases. He is also a financial writer for several dental journals. You may contact him at 609-502-0691 or at 

Articles

Goodwill is a primary item when a dental practice is being listed for sale and a negotiation is underway as to how much goodwill there really is in the practice.

Understanding the Importance of Goodwill to Both the Dentist and the Dental Practice

Upon earning his bachelor’s degree in management information systems and professional selling from Baylor University in 2004, Matt began his career with the world's largest provider of health products and services rendered to the office-based practitioner. His roles and responsibilities included business and infrastructure development for both private practice dentists as well as dental service organizations. Matt personally facilitated value for a wide range of clients in seeding over 850 dental offices. He was the dental industry’s top producer in revenue for 8 years and had proximity to more than 100M of transacted value. During this tenure, his consultative services included project/practice planning, real estate evaluation, construction evaluation, office design, and maximization of in-office efficiencies. Many of his clients pivoted after their first few ventures, established economies of scale, honed their operations, and transformed themselves into the market-leading dental service organizations.

In recent years he has aided healthcare startups in order to navigate sales, scale, and trajectory for both B2B and B2C oral healthcare companies. One of Matt’s most feverish passions is the little-known and often overlooked link between oral health and systemic wellness. Matt found great purpose through assisting doctors in conceiving their vision of oral healthcare service from inception through the process of entrepreneurship. Now, he has the privilege of facilitating that same vision on the other side of their career in navigating an effective and purposeful merger or acquisition nurtured by the Professional Transition Strategies team. If you can’t catch this proud father chasing his two kids around Dallas he’s likely indulging in live music or attending an open-wheel racing event.

Scaling your dental practice comes down to timing, resources, and planning. Here is how to best prepare for that transition. 

What You Need to Know About Scaling Your Dental Practice

Credentials, credentials, credentials; when it comes to practice valuations you need an expert well-versed in dental practices.

Finding the Best Credentialed Evaluator Critical for Dental Practice Valuations

Upon receiving her Bachelor’s degree in Business Administration and Accounting from Baylor University, Jennifer obtained her license as a Certified Public Accountant. After working in public accounting as an auditor of financial service companies, Jennifer transitioned her career to dentistry. She has been in the dental field since 2007 as a practice manager and accountant. 

The aspects of private dental practice that she enjoyed the most were developing the business and staff, and increasing the practice’s efficiency, and productivity. Jennifer combines her in-depth knowledge of dentistry with her extensive accounting background to provide clients with expert valuation services. Jennifer and her family live in Colorado Springs, Colorado. She enjoys being involved in her children’s activities, traveling, and attending as many sporting events as possible.

What You Need to Know About Valuing Your Practice

When acquiring a dental practice or partnership interest, it’s important to work with experts up front on Asset Purchase Agreements and partnership agreements to try and prevent costly, possibly nasty court battles down the road. 

Plan Ahead to Prepare for Dental Practice Damage Claims

Laura Dorr is the former executive editor of DPR's Modern Dental Network and a regular contributing author.

Breaking up is hard to do. Here's how to prepare for the break-up of a practice partnership.

Breaking up the Band: Separating Business When Co-Owners Split

Taking a look at DSO money versus OSO money and the long-term benefits and drawbacks of both. 

The Positives and Negatives of Joining a Dental or Orthodontic Service Organization

There are a few key things to keep in mind when preparing to retire from your dental practice with the intention of still working in the practice. 

What if I Want to Keep Working in my Dental Practice Past My Planned Retirement?

Benco Dental released a new white paper detailing how smaller operatory spaces can lead to a greater return on investment and increased income. 

Benco Dental Releases New Smaller Operatory Planning White Paper

Randy Modos is the President and Co-Founder of PayJunction, a payment processor of choice for practice-based industries for over 20 years. PayJunction provides a modern end-to-end payment technology that is backed by a customer first approach to service and transparent pricing. The company processes $7 Billion in transaction volume annually and works with nearly 2,000 medical practices across the United States.

How to evaluate terms, rates, and fees (and identify unfair practices) to get the best experience for both your practice and the patients. 

Practice Transitions