Practice valuation: what does it mean?
Article Abstract:
Careful planning may assist dentists in the process of practice valuation, or assessment of the value of their dental practice. Dentists may need to carry out a practice valuation for several reasons. Some of these reasons include present or future sale of the practice or an interest in the practice, retirement planning or different types of litigation support. The most common reason is an impending sale. The two most commonly used methods to establish practice value are the market approach and the earnings or capitalization approach. The earnings approach may provide a more useful estimate of the practice value than the market approach. This approach balances the potential economic benefits of purchasing the practice against the potential economic risks. The experiences of others can be used to avoid common traps encountered in carrying out a practice valuation.
Publication Name: Journal of the American Dental Association
Subject: Health
ISSN: 0002-8177
Year: 1993
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Sports in daily practice
Article Abstract:
Dentists can do more to incorporate sports dentistry into their practices. They can conduct preseason dental evaluations. This includes checking for cavities, missing or loose teeth, bite problems, and evaluating the need for a mouthguard. They can educate patients that commercial mouthguards sold in sporting goods stores provide inadequate protection from dental injury and concussion, and they can fit a mouthguard individually tailored to the patient's needs. Dentists can also expand their practices by making themselves known and available to other persons, institutions, and organizations involved in sports or sports injury care such as doctors, urgent care centers, hospitals, schools, coaches, sports medicine doctors, sports leagues, and health club trainers.
Publication Name: Journal of the American Dental Association
Subject: Health
ISSN: 0002-8177
Year: 1996
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Pricing and the perception of health care service quality
Article Abstract:
Many dental patients may associate higher fees with better quality of care. Patients may need to comparison shop to find a dentist with the skills they need. A study surveyed 100 patients about the association between health care costs and the quality of care. Ninety-one percent of the patients thought that dental or medical care varied between different providers. Seventy-two percent were doubtful about the quality of care provided by a dentist with the lowest fees in a certain geographical area. Forty percent were uncertain of the quality of care provided by the physician with the lowest fees in a geographical region. Among the 29 patients without health care insurance, only two would be willing to be treated by the health care provider with the lowest fees.
Publication Name: Journal of the American Dental Association
Subject: Health
ISSN: 0002-8177
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
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