Expanding Dental Practices: The Impact of Adding Locations on Practice Valuation
Thursday, January 30, 2025
2:00 – 4:00 pm
Course Code:
394TL
Cost:
$0.00
Credits:
2
CE Hours
In this course, the instructor will delve into the complexities of adding new locations to your existing dental practice as a strategy for increasing overall value. Many dentists believe that expanding by opening additional locations will enhance the value of their current practice. However, this strategy involves significant challenges, including scaling operations effectively to ensure profitability. This course will provide a thorough analysis of the potential benefits and risks associated with expansion, and how it can impact the valuation of your existing practice. Attendees will learn how to assess whether expanding your practice footprint will genuinely enhance its value, and what factors need to be considered to make an informed decision. Gain insights into strategic planning, financial forecasting, and valuation impacts to optimize your growth strategy and achieve your long-term goals.
Speakers
After this course attendees will be able to:
- Implement the critical steps and considerations for planning the expansion of your dental practice to additional locations
- Understand how adding new locations affects the valuation of your current practice and the key factors that influence this impact
- Develop skills in forecasting the financial implications of expansion, including potential costs, revenue projections, and profitability
- Integrate strategies for managing and scaling operations effectively across multiple locations to ensure sustained growth and profitability
- Determine how to conduct market analysis to determine the feasibility and potential success of new practice locations
- Identify potential risks associated with practice expansion and learn strategies to mitigate these risks
- Measure and track performance metrics to evaluate the success of your expanded practice and make data-driven decisions
- Review real-world case studies of dental practices that have expanded to multiple locations to understand practical challenges and outcomes
The JW Practice Advisory grant has been applied to this course.
The Massachusetts’s Dental Society is an ADA Corp Recognized Provider
ADA CERP is a service of the American Dental Association to assist dental professionals in identifying quality providers of continuing dental education. ADA CERP does not approve or endorse individual courses or instructors, nor does it imply acceptance of credit hours by boards of dentistry. Concerns or complaints about a CE provider may be directed to the provider or to the Commission for Continuing Education Provider Recognition at
ADA.org/CERP