Diagnose and Plan your Practice Transition
by Teri McAviney, CEO MaK Concepts

As professionals in the healthcare industry, we spend most of our time diagnosing and treatment planning with definitive goals for presenting solutions and options so patients can make informed decisions.  What about the practice you currently own or perhaps are preparing to purchase?  Have you diagnosed it? Whether you are selling a practice or preparing for practice ownership, the opportunity to diagnose the “condition” of a practice is a critical step in making informed decisions about transitioning.

read more...

Optimism with Action
“Crossing our fingers in this economy is not a strategy”
by Teri McAviney, CEO MaK Concepts

It is true most of us are experiencing great change before our very eyes!  There seems to be widespread uncertainty across the nation as we embark on a new economic path. In relation to the dental practice of today, a stronger look at the business as a whole may be the first order of interest.  This proactive approach is not new to every practice owner, however for some, this may be the catalyst of opportunity to explore comprehensively every reason the business may be flat-lining or in some cases spiraling out of control.  The economic head lines are truly imparting doom in dental practices and loss of revenue due to the recession is fast becoming the sole contributor. We are not suggesting that our economic climate is not having some impact on practices however history tells us that there is more exploration to be done.  In other words, this mindset can become a slippery slope.

read more...