The Fee For Service Dentist Podcast

Practice Orbit & Dental CFO Drew Phillips

Informações:

Synopsis

Sponsored by Kettenbach Dental.  Contact: (877) 532-2123 Website: www.kettenbach-dental.us Webshop: www.kettenbachusa.com About Practice Orbit: Practice Orbit is modernizing how dental practices are bought and sold today. Through its online marketplace platform, it brings buyers and sellers together directly without needing an intermediary. It also provides innovative tools for buyers and sellers to begin the transition process. Sellers can easily and anonymously showcase their practice on the site, while buyers can effortlessly locate a practice and initiate an inquiry. Some of these tools include a built-in price assessment, after-tax proceeds calculations to the seller, take-home pay estimates to the buyer, built-in legal documents such as NDAs and LOIs, and finally, a chat room for both the buyer, seller and their respective accounting and legal teams. Sellers rely on equity in their dental practice to secure their financial future. Giving up 7-10% for transition costs significantly reduces that security.