Practice Transitions
Buyer Due Diligence: Equipment Audit
Inspecting the office’s equipment is an essential part of the due diligence process before buying a dental practice. Use this list to conduct a thorough equipment inspection.
Buyer Due Diligence: Financial Audit
Inspecting a dental practice’s financials is an essential part of the due diligence process before making a purchase decision. Use this guide to conduct a thorough financial audit.
Buyer Due Diligence: Patient Chart Audit
When buying a dental practice, the patient chart audit is a critical part of both the due diligence process and your potential for long-term success. The audit allows you to visually validate the reports presented by the seller and should be conducted in collaboration with a dental CPA, dental attorney or consultant. This resource provides a list of essential elements to review when auditing patient charts.
Creating Your Practice Vision Statement
Creating a vision statement can be a complex activity but a necessary one considering the many decisions you have to make as a business owner. Use this resource in tandem with our Writing Your Mission Statement resource. Then use the vision statement to guide your decision-making now and in the future.
Forming a Group or Multi-Owner Dental Practice
CDA is hearing from more members who have questions about the financial, legal and operational structure of a single-unit dental practice with multiple partners. If you are considering a group practice, use the information compiled here to help you evaluate prospective partners.
Practice Transitions: Patient Records Best Practices
Discusses the role of HIPAA business associate agreements and other steps a dentist can take to ensure the privacy and security of patient information following a practice closure or sale.
Sample Practice Sale Notice to Plan Letter
Use this sample letter to notify contracted dental plans of your practice sale and intent to terminate plan participation.
Sample Withdrawal Letter Dentist Retiring or Relocating
To avoid claims of abandonment, dentists who are separating from practice must notify patients in writing. Use this sample letter when a dentist is retiring or relocating, and be sure to include the Request for Access to Patient Records form.
Separating From a Practice Checklist (Associate Dentists)
A dentist may separate from practice for many reasons, from leaving a group to go into solo practice (or vice versa), determining the office just isn’t the best fit or simply relocating to another region. The checklist that follows is meant as a general guide for associates and does not take the place of legal advice specific and applicable to your situation.
Separating From Practice Checklist
A dentist may separate from practice for one of many reasons. A dentist may retire, leave a group to go into solo practice (or vice versa), sell the practice, or relocate. Use this checklist as a guide. This list offers general information and does not take the place of legal advice.
Starting a Dental Practice Checklist
This list offers general information and does not take the place of legal advice. This list is not exhaustive, and each item may not be applicable to every situation. This list contains links to many websites and you may find it helpful to review the list on a computer with internet access. Resources can be found on Practice Support (cda.org).
Starting-A-Practice Toolkit
Use this toolkit to cover key steps in the due diligence process before buying a dental practice. Once the acquisition is underway, the toolkit will guide you through until the purchase is finalized, with actionable items that can be delegated to your new dental team.
The Due Diligence Process for Selling a Dental Practice
This FAQ was created to help assist member dentists with knowing what is involved in the due diligence process as…
Writing Your Mission Statement
Use this resource in tandem with the Creating Your Practice Vision Statement form to draft your mission statement. Then use the mission statement to guide your decision-making now and in the future.