“I want to retire soon. How do I value my practice?
The situation.
Whether you’re one or 10 years away from retirement, you’ve got to have a plan. Will you sell? Close up shop? Having the right business details for partners, associates and prospective buyers is imperative as you make these important decisions.
Dentra supplies the insight you need to demonstrate the success of your business. Our services demonstrate the value of your practice to business partners, associates and prospective buyers.
How we help.
We offer three affordable services—Patient Satisfaction™ (PatSat™), PracticeView™ and custom data analysis. Use all of them to build demonstrable value as you prepare for retirement.
Patient Satisfaction looks at a practice’s service and overall experience from the patient’s point of view.
PracticeView measures a practice’s production, growth and quality of care.
Custom data analysis is one-time or ongoing analytic reports that help with challenging projects like assessing the value of your practice.
Dentra services are:
- Affordable!
- Delivered as monthly, quarterly or one-time reports
- Available online, anytime through a secure website
Patient Satisfaction. See evidence of the superior customer service you built over the years.
- Patients complete online surveys after each visit
- Patient feedback is combined into standard reports
- Scan the overall satisfaction index and areas for strategic focus
- Review peer-to-peer comparisons
- Empower your team to set goals and monitor achievement
PracticeView. Chart your performance to measure the value of your practice.
- See year-to-date production and services rendered
- Highlight year-to-year growth in production and services rendered
- Identify opportunities for practice optimization
- Analyze new patient retention and average annual service to patient ratios
- Compare practice trends to other dentists in the area
Custom Data Analytics. Prepare your business for sale by investigating specific questions that aren’t available in our standard reports.
- Assess the strengths of practices in specific zip codes and counties
- Quantify the value of specific services like cosmetic dentistry
- See patient loss to another general practice dentist
The bottom line. Dentra delivers the information you need to position your practice for sale. With data on the success of operations and how you compare to others, you can demonstrate the value of your practice to business partners, associates and prospective buyers.