Dental Practice Sale: Do registered private dental patients matter?
If you are a dentist in Nottingham considering buying a dental practice or even selling a dental practice as part of retirement, you will need to consider your registered private patients.
In buying a dental practice for sale, the location, the building, the skilled team, the operations, the management, the funding, and the registered private patients are all factors that contribute to the value being purchased. Understanding the operations and the costs involved is as vital as knowing how many registered private patients are actively receiving treatment and have valid contact information. A patient who had say a cosmeticdentistryguide.co.uk/articles/root-canal.html treatment three years ago may have had a pleasant or unpleasant experience, or may have moved out of the area. Experts can help you assess operations for new patient potential and also historic patient lists.
Similarly, when selling a dental practice, care should be taken to provide accurate information about registered private patients and also in showing patient base potential for development. Registered patients may need follow-up contact on dental experiences, and treatments provided for review and further treatment. Contacting registered patients about the sale is also important to keep them in the communications loop because some attach sentimental value to the practice and dental personnel. Offering advice about the dental treatment options during and post-sale helps to set patients’ minds at ease and contributes to positive feedback for the practice in sale.