Dental Practice Benchmarking
Do you know how financially strong your dental practice really is? Make sure your practice is healthy and on track to meet financial targets with dental practice benchmarking from Jon Bell CPA & Associates. We use benchmarks to compare your practice with others and highlight areas where adjustments can be made to improve business performance.
Dental practice benchmarking offers a number of benefits. Benchmarking data helps analyze overhead to see if expenses should be reduced and examines personnel costs to figure out if you need to hire additional staff. For practices with multiple dentists, this data can be used to evaluate your compensation structure and discern if it’s fair and on par with regional standards and industry trends. Benchmarking will also assist in determining what your practice is worth for transitions like strategic mergers, acquisitions, or partnerships. Once our analysis is complete, we'll clearly outline recommendations for changes that will make your practice stronger.
To learn more about how benchmarking can open your eyes to opportunities for increased profitability and growth for your dental practice, contact us at 505-385-3535 or request an initial consultation now.
Our practice benchmarking services for dentists include:
- Aggressive tax planning
- Strategic growth planning
- Practice start-up consultation
- Overhead analysis
- Personnel cost analysis
- Capital acquisitions
- Lease vs. buy analysis
- Business continuation planning
- Operational review and implementing improvements
- Financing assistance
- Business plans
- Equipment acquisition planning
- Choosing the right type of entity for your practice
- New Dentist Program
Our dental practice transition services include:
- Mergers
- Acquisitions
- Partnerships
- Buy/sell agreements
- Real estate sale or purchase
- Financing
- Adequacy of life insurance
- Liquidation or reorganization of a practice
- Litigation support
- Succession planning
