The Federal No Surprises Act and its Impact on Dentists
The Federal No Surprises Act is legislation that aims to protect patients from surprise medical bills, specifically those resulting from out-of-network care. While this act primarily applies to healthcare providers such as hospitals and physicians, dentists are not exempt from its effects. The complications lie in the fact that dental treatments can often involve a…
Do I Really Need a Partnership Agreement for My Dental Practice?
Starting a dental practice can be a promising endeavor, but it also comes with its fair share of concerns and potential challenges. One important consideration is whether or not you need a partnership agreement for your practice. While not legally required, a partnership agreement can provide essential clarity and protection for all partners. This agreement…
DSO Versus Private Buyer Transactions
Dental Service Organizations (DSOs) provide support services to dental practices, such as staffing, administration, and marketing. When a dental practice wants to sell, they have the option to sell to a DSO or a private buyer. The decision to sell to a DSO or a private buyer can have significant implications for both the selling…
Keys to Maximizing Your Outcome in a DSO Affiliation
Affiliating with a Dental Service Organization (DSO) can be a complex process with many factors to consider so you maximize the outcome of the affiliation. From financial considerations to practice management strategies, dentists must carefully assess and approach the various aspects of a DSO affiliation. It is imperative to have a comprehensive understanding of the…
Is Private Equity Hurting or Benefiting Dentists?
Private equity involvement in the dental industry is a complex issue that has sparked debates among dentists and industry experts. On one hand, private equity investments can provide dentists with much-needed capital to expand their practices, invest in improved technology and equipment, and increase their patient base. Additionally, private equity firms may bring in expertise…
How to Sell or Partner with Private Equity
Selling or partnering with private equity can be a complex decision for dentists. On one hand, private equity investment can provide significant resources and capital to help expand and grow a dental practice. However, it also involves giving up some level of control and autonomy in decision-making. Dentists must carefully consider their long-term goals and…
How to Structure a Dental Partnership
Structuring a dental partnership can be a complex process due to the various legal, financial, and operational considerations involved. From determining ownership percentages and profit-sharing arrangements to addressing liability and insurance coverage, there are numerous factors that dental professionals need to carefully analyze and negotiate to ensure a successful partnership. Additionally, establishing clear roles and…
Consolidation of DSOs and Secondary Private Equity Sales
The consolidation of DSOs (Dental Service Organizations) and secondary private equity sales present complex challenges in the healthcare industry. DSOs are facing increasing pressure to expand and consolidate in order to meet the demands of a changing market. This consolidation involves various aspects such as merging practices, consolidating back-office functions, and navigating complicated regulatory environments.…
Dental Associate Agreements and Term and Termination
Dental associate agreements and their term and termination clauses can be complicated and require careful consideration. These agreements outline the terms and conditions of the relationship between a dental practice and an associate dentist, including compensation, duties, and length of employment. The termination provisions can be particularly critical, as they govern how the agreement can…
Dental Practice Acquisition and Ownership Strategies
Dental practice acquisition and ownership strategies can present several issues and challenges for dentists. Whether you are considering purchasing an existing dental practice or looking to expand and establish your own practice, there are several factors to consider. These include: With so much at stake, you should always have a knowledgeable and experienced legal team…
Dental Use Exclusivity (Leases)
Is your dental practice entering a new commercial space or renegotiating the terms of your commercial lease? One important matter to consider is a dental use exclusivity clause, and you should never sign a commercial lease for your practice without discussing this – and other key terms – with a dental business lawyer. Dental use…
What is Involved in a Dental Deal?
If you have a potential dental deal, various legal issues require legal guidance. Whether it’s a dental practice sale, partnership agreement, or acquisition, complex legal and financial aspects and implications are involved. From conducting due diligence to negotiating contract terms to ensuring compliance with regulations, a dental business transaction involves numerous factors that can make…