Beacon Dental Partners is a Dental Service Organization (DSO) that allows each dental office to maintain independent brands and ensure that their unique identity and community bond remain consistent while providing exceptional dentistry.
The company is committed to fostering opportunities for our affiliated dentists and their patients. Our dentist-focused philosophy offers dentists the opportunity to focus on patient care, not on business, and still enjoy the autonomy of making their own clinical decisions and determining their preferred scope of practice.
In today’s climate, private practice dentists are facing numerous challenges, from time-consuming day-to-day management problems to keeping up with the latest technologies. External factors such as managed care and government regulations have created economic pressures on all dental practices and, even with increased productivity, many dentists are seeing flat to lower earnings and a decrease in their practice equity.
Many of our affiliated dentists chose us because of the professional services and support we provide. Our affiliated dentists enjoy being able to focus on patient care again, and not having to be as heavily involved in the business side of running a dental practice. One of the greatest benefits we provide our dentists is the gift of time.
Many dentists are now opting to sell their practices to dental support organizations (DSO). The benefits and values the DSO business model offers makes sense to dentists and can help them to achieve their long-term goals and cut out administrative burdens. What’s more, there are no standard terms involved in these transactions, such as assuming or not assuming a dentist’s liabilities; paying all cash up front or paying out over a given term; or what information will be used to calculate a dentist’s future payroll or commission.
For those dentists who are considering taking the leap, the key is to understand each term in the contract and the responsibilities involved so that they can hold DSOs accountable as necessary. This bears both on pre-acquisition and post-acquisition decisions.
If a dentist is near the end of his or her career and looking to take some of the burden off their practice (but not yet ready to retire), selling to a DSO might be the right move. That is because a good DSO helps make the day-to-day operations easier so that dentists can focus on their clinical time. As a further advantage, DSOs can be a great resource with respect to collections, accessing supplies at reduced costs, strategic marketing, and increasing profitability.
If a dentist is approaching retirement, DSOs provide several benefits over selling to an individual buyer. Not only are DSOs willing to pay more than private buyers, but they cash out with a higher evaluation and allow dentists to work the same or reduced schedules after the sale. This expedites their transition time while removing some of the unknowns from retirement planning.
Beacon Dental Partners provides dentist and business owners with a unique value proposition to partner with us:
We understand that good businesses are the result of hard work and commitment. Our day-to-day involvement following an acquisition demonstrates our commitment and dedication to your company’s continued success. We focus on long-term value operational continuity, stable employee relations, and continuity of the unique culture that each office establishes.
Receive the highest possible value for your practice. In most practices, as the owner inches closer to retirement and becomes slightly less motivated, profitability recedes. A 3% annual decrease over an extended period of time in marketing, collections and new-patient revenue, as well as having to rely on older technology, could cost you thousands of dollars at the time you sell your practice. We transition your practice when it is worth its maximum value.
We have been able to buy and build upon practices
we acquire. We have a business model where we want to maintain independent
brands and ensure that their unique identity and community bond remain
consistent with exceptional dentistry.
Focused on the New England Market: This regional emphasis not only aligns with our values but also proves to be a strategic business decision. By pooling our resources and sharing successful ideas among our practices, we are able to establish a strong presence that allows us to cultivate beneficial relationships with insurance companies and other partners.
From its history to its unique set of values, New England is a great place to live and work. We embrace this way of life, and we encourage active involvement in our communities. This geographic focus also makes business sense. Our practices share resources and ideas that work, and we have enough presence to leverage relationships with insurance companies and other partners. Plain and simple, there is no need to look elsewhere to accomplish our goals.
