Advantages: Continuity and retention

[fomayof928@mowline]

Advantages: Continuity and retention

As we mentioned before, when acquiring a practice, you have an estonia phone number instant patient base . You inherit loyal patients, providing immediate income and a foundation for growth. One of the key factors in successfully acquiring a practice is patient retention. Studies have shown that if the transition is smooth and the new dentist is able to maintain the quality of care, patient retention rates can reach 80-90%.


Existing practices often generate revenue on day one, allowing you to focus on patient care and building your team. In some ways, this represents a shorter path to success . An established practice offers an accelerated path to profitability compared to starting from scratch. One factor contributing to this certainty is that existing practices often have a financial history that provides a clear picture of the health of the practice while minimizing financial surprises.



Disadvantages: Resistance

Buying a practice is about adapting to a new culture . Dentists who can maintain a harmonious and flexible approach are more likely to succeed in this situation. Think about it: You are inheriting the practice's existing culture, staff, and patient base. Adapting to their established routines may require patience and diplomacy.