EPISODE · Aug 8, 2022 · 27 MIN
Is Now a Good Time to Purchase a Practice, with Joanne Tanner and Rick Willeford
from The Navigating Dental Insurance Podcast · host The Navigating Dental Insurance Podcast
In this day and age, practice analytic are becoming increasingly important. But when it comes to a practice purchase, the due diligence process can often be so overwhelming when determining whether you are purchasing an asset, or a liability. As many of you may know, practice due diligence can be a nightmare. But when done properly, purchasing a practice, even during a recession, can still lead to profitability and a great quality of work life. Today we have Joanne Tanner, MBA, and Rick Willeford, MBA, CPA to discuss the due diligence process in purchasing a practice. Joanne explains today’s recession climate in purchasing a practice and some of the key tips on what needs to be focused on when performing due diligence. Joanne highly advises using DentaMetrix, a dental practice management analytics system. Rick, the founder of DentaMetrix, chimes in and gives feedback about performing practice due diligence while pulling his knowledge and history from his 40 years of experience in dental. At the end of this episode Rick offers a Complimentary Profit Leaks Analysis to the first 3 callers or responders. To obtain this analysis, please visit https://dentametrix.com/ and don’t forget to mention that you found DentaMetrix on the Navigating Dental Insurance Podcast.To contact Joanne, please email her at [email protected].
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What this episode covers
JoAnne Tanner started her dental career as a dental hygienist in the US Navy. After serving for 5 years on active duty, JoAnne obtained an undergraduate degree is Business Marketing And MBA with an emphasis on strategic planning. JoAnne works with dentists across the country when they are buying a dental practice. And she also works with doctors and there teams that are wanting to grow or fine tune their practice. Raymond F. “Rick” Willeford, MBA, CPA has an unusually broad background in the dental industry. He retired as a Dental CPA after 40 years. But then he dusted off his Electrical Engineering degree from Georgia Tech to develop DentaMetrix—a professional strength data extraction and dashboard program for consultants, DSOs and experienced practice administrators. The combination of his deep dental business experience and his knowledge of cutting-edge technologies—and his understanding of the practice management side of dentistry—give him a unique perspective to enhance revenues and plug profit leaks in a practice.
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Is Now a Good Time to Purchase a Practice, with Joanne Tanner and Rick Willeford
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