Orthodontic Associate Opportunity: Prince William County, Virginia

Orthodontic_Associate_Needed_Prince_William_County_VirginiaA busy private orthodontic practice located in the suburbs of Washington, D.C. is seeking a full-time associate to join their practice.

The suburb is located in Prince William County and is one of the best places to live in Virginia. Prince William County is the second-largest county in the Commonwealth of Virginia, with a strong, diverse economic base, where individuals and families choose to live, work and play and businesses choose to locate. The community offers residents an urban-suburban mix feel and most residents own their homes. The residents enjoy over 24,000 acres of parkland with 70 county parks, 33 miles of maintained trails, and two state parks. Prince William County high schools are also among the top 10% in the nation.

To learn more about this opportunity, please forward your CV and letter of interest to shannon@bentsoncopple.com.

Click here to view additional practice opportunities available from Bentson Copple & Associates.

Orthodontic Associate Opportunity: Raleigh, North Carolina

Raleigh_North_Carolina_Orthodontic_Associate_OpportunityRaleigh, North Carolina is the place to be and we have a great opportunity for an orthodontic associate! This opportunity has an exceptional compensation package for an associate orthodontist including;

  • $30,000 sign-on bonus
  • Guaranteed Income for new graduates
  • Potential to make  $255K + in Year 1 and $300K+ in Year 2 and beyond
  • Associate with potential for equity track available
  • Mentorship from Senior Providers & Outside Consultants
  • Health Insurance & Benefits, 401(k)
  • Advanced Technology in both Offices
  • Experienced Clinical Team with excellent TC’s
  • $5,000 CE Course Allowances
  • Relocation will be fully reimbursed
  • 4 weeks of vacation + 6 paid holidays

The streets in the heart of the city are lined with many oak trees making Raleigh known as the “City of Oaks” which helps further the family-friendly atmosphere and welcoming community. The state capitol is also known for its universities, including North Carolina State University and is part of the Research Triangle Park. This region is luring new residents every day with strong job growth and high quality of life. Many of the people who call this metro area home are young, friendly, diverse, and educated. U.S. News ranked Raleigh #10 in Best Places to Live and Money Magazine describes Raleigh as the ‘Best Big City in the Southeast’.

To learn more about this opportunity, please forward your CV and letter of interest to shannon@bentsoncopple.com.

Click here to view additional practice opportunities available from Bentson Copple & Associates.

Five Reason to Participate in the Annual Resident Survey

Bentson_Copple_Annual_Orthodontic_Resident_SurveyBy: Laura Overcash
Director of Marketing

Over the last eight years, our company has conducted a nationwide survey of orthodontic residents to collect, compile, and analyze useful data about orthodontics in the United States. We are currently collecting responses from orthodontic residents and we encourage you to click on this link and participate in this vital survey.

It may sound like just another survey but it’s more than just a data collection tool – the Annual Orthodontic Resident Survey is a critical tool to understanding and predicting future trends in the industry. Still not convinced the survey is worth your time? Here are five reasons to participate.

Offer Insights
Unfortunately, we can’t read minds, so we need help in understanding today’s resident journey. The survey’s primary objective is to provide its participants and those within the orthodontic industry with relevant, accurate, and useful data. The variety of questions asked helps gauge residents’ plans and how it will affect the overall orthodontic industry. We believe that understanding resident sentiment is important since this group of young doctors and the decisions they make will have a great impact on the profession going forward.

Minimal Time Commitment 
Feedback Habits Survey reports that 45% of survey respondents aren’t willing to spend more than five minutes completing a survey. You are in luck with our Resident Survey – our team understands the time constraints you have while enrolled in your program. This short survey should only take three minutes to complete and then you can get back to what’s important, honing the art of creating beautiful smiles and building patient confidence.

Participate Anytime 
It’s no secret we are all programmed differently when it comes to productivity. Some are early birds while others are night owls, some love schedules and others fly by the seat of their pants – whatever the case may be, the Resident Survey can be taken at your convenience. Take it online while drinking your morning Caramel Macchiato, waiting on your DoorDash lunch delivery, or after binging your favorite show on Netflix after midnight.

Be Part of a Legacy 
During the last eight years, the Annual Orthodontic Resident Survey has received more than 3,025 responses. This survey provides insight into some of the major issues residents face today, from income expectations to student debt loads. Doctors nearing retirement age commonly ask us about residents and their anticipated plans. The data collected in this survey, along with other industry publications, help create a well-rounded picture of the industry to share with all orthodontists. Being able to compare and contrast this information with the previous years of gathered data from this survey will, hopefully, allow current residents and doctors nearing retirement to gain knowledge and make wise decisions regarding their future.

Responses Remain Confidential 
The answers provided in the Annual Orthodontic Resident Survey remain completely confidential. We want your honest feedback when it comes to the amount of student debt you are accruing, your preparedness to operate a practice, and your expectations for first-year annual income.

Be sure to tell us about your future orthodontic career plans by participating in the Annual Orthodontic Resident Survey (if you have not already). So, give us your feedback; we want to know what you think. Help us help you and take the survey now!

Orthodontic Practice For Sale: Los Angeles County, California

Bentson_Copple_Orthodontic Practice For Sale - Los Angeles County, CaliforniaA private boutique orthodontic practice located in Los Angeles County, California is for sale.

The community is a suburb of both Los Angeles and San Bernardino counties. The community is ranked one of the best places to live in California known for its elegance as well as its laid-back lifestyle. The area is home to many young professionals and the majority of residents are homeowners. The area offers residents tree-lined streets filled with historic homes, an endless number of hiking and biking trails, community parks and gardens, and a public school system that ranked one of the highest in the state.

If you are looking to purchase a practice in laid-back Southern California this practice is for you!  The ideal candidate is available by spring 2020 and eligible for California Licensure (WREB). To learn more about this practice opportunity, please forward your CV and letter of interest to shannon@bentsoncopple.com.

Click here to view additional practice opportunities available from Bentson Copple & Associates.

Bentson Copple & Associates’ 2019 Holiday Video: We Are Grateful

We tend to call this season “the most wonderful time of the year,” but it’s often easy to forget that for a lot of people in our community, it’s not.

Our team decided to spread tidings of comfort and joy by adopting a local family with four children. We took the family’s wish list, divided into groups, and went on a shopping adventure – to provide them the best Christmas ever!

Follow our shopping and wrapping adventure in the Bentson Copple & Associates 2019 Annual Holiday Video!

Orthodontic Job Opportunity: Tucson, Arizona

Tucson_BlogAn orthodontic practice located in Tucson, Arizona is seeking a full-time associate to join their growing practice!

Southern Arizona is full of natural beauty from the Sonoran Desert to the mountain ranges in all directions. Around Tucson, the area is divided into districts and neighborhoods, some linked by Sun Link Streetcar which connects five entertainment districts, others connected by streets made for bike lanes, autos, and bus routes. Downtown Tucson has been the city’s hub of activity for well over a century, but in recent years it has experienced a rebirth with new shops, breweries, and amazing restaurants. The year-round sunshine and laid-back atmosphere make Tucson a great place to call home!

To learn more about this opportunity, please forward your CV and letter of interest to shannon@bentsoncopple.com.

Click here to view additional practice opportunities available from Bentson Copple & Associates.

Reflecting on 2019

Ortho_Insights_Reflecting_on_2019By: Mandy King
Client Support Associate

As 2019 is coming to a close, many of us are reflecting on this year and looking forward to a New Year in 2020! With that being said, I am certain you have new goals in mind.

What Made This Year Successful?
Focus on all that you have accomplished and allow that positivity to help you set your goals for this coming year. Many of us think about what we will do different, so instead of harping on the past and areas you might have failed, set your mind on what is to come and pave your path to achieving them in the new year.

Where Did You Grow This Year?
Some of you are still in orthodontic residency, some have recently graduated, and others have been practicing for a few years. Whatever stage of life you are in, evaluate how far you have come and reflect on the growth you are experiencing in your professional and personal life. Continue chasing your dreams and realize that you are growing every day.

Are You Committed to the Process?
Take a look within and ask yourself, ‘What is my plan for success? Am I fully committed to achieving the goals I have set?’ Sometimes, there are aspects of our lives that can get in the way of the goals we set for ourselves. Just take a moment and imagine the possibilities that this new year can bring and commit to making those possibilities your new reality!

What’s Next?
This is a loaded question for some of you. What big changes are ahead in your career? Will you be completing your residency this coming year? Will you be making the decision to transition from an associate to buying a practice? Whatever it may be, take the step with confidence that great things are in store for you!

This is a perfect opportunity for me to share with all of you what is next for me. I have thoroughly enjoyed my time here at Bentson Copple & Associates over the last few years but it is time for me to get back in the field as I have missed interacting with patients. I recently accepted a position as a Treatment Coordinator at an orthodontic practice in our area and I could not be more excited. I will be taking the wealth of knowledge I have gained in my time here with me and I am so grateful to have been given this opportunity to get to know so many of you. Good luck with all of your future endeavors!

Orthodontic Job Opportunity: Clarksville, Tennessee

Clarksville BlogA state-of-the-art orthodontic practice in Clarksville, Tennessee is seeking a motivated orthodontic associate to join their exceptional team!

The practice is located about 50 miles from Nashville and the cost of living in this area is 14.4% lower than the U.S. average making this a great place to reside. The downtown area is historic, attractive, and filled with passionate business owners who love their community giving this city a well-preserved small-town feel. Clarksville is filled with natural beauty and offers a wide range of outdoor recreation.

If providing excellent service and hospitality is your priority, this private practice opportunity is for you. To learn more about this opportunity, please forward your CV and letter of interest to shannon@bentsoncopple.com.

Click here to view additional practice opportunities available from Bentson Copple & Associates.

Dr. Boomer & Dr. Millennial: Talent Acquisition

Dr. Boomer & Dr. Millennial: Generational Diversity Episode 4What do newspaper ads, chicken sandwiches, and customer engagement have in common? Talent acquisition. In today’s climate, there’s a lot of talk about the ways to recruit great talent. When the time arises to hire a new orthodontic team member, consider expanding your search as there are great people everywhere! Watch Episode 4 of Dr. Boomer & Dr. Millennial: Generational Diversity to learn more.

Each episode of the video series, examines generational diversity in the orthodontic workplace, reviews some of the benefits and issues associated with it, and shares some of the best practices based on our company’s experience. The ultimate goal of the series is to remove the age barrier by illustrating the differing viewpoints and asking viewers to take a step back and relate to it from the other side’s perspective.

Click here to watch, or visit Bentson Copple & Associates’ YouTube Channel!

What Metrics Should You Focus on During Your Initial Review of a Practice Opportunity?

What metrics should you focus on during your initial review of a practice opportunity?By: Anthony Copple, JD
Transition Specialist

Reviewing an opportunity to purchase a practice outright or to buy into a practice as a partner can be an overwhelming task. You may have been presented with a mountain of data about the subject practice: tax returns, profit and loss statements, and operational reports. What does it all mean? What should you focus on? What data is important in determining a fair value for the practice?

Well…the long answer is that all of the data and information surrounding a practice is important in determining its value. After all, an orthodontic practice is a unique asset and no two are exactly alike. However, there are a few things you can focus on that will provide a reasonable snapshot of any practice. Three of the most consequential are explained further below:

Practice Overhead Rate
The overhead rate of a practice is one of the most important factors in determining a practice’s value and the benefits that practice will provide to a buyer. After all, the overhead rate ultimately determines the amount of cash the owner can reap from the business. Generally, the lower the overhead rate, the more valuable the practice. So, a practice at 55% overhead will be more valuable than a practice at 65% overhead, all else being equal. The average practice overhead rate for an orthodontic practice is 58% of collections. If operating expenses are below this level, it can drive the price of a practice up while expenses above this threshold will generally have the opposite effect.

Practice Production
Production acts as a bellwether for practice collections; it tells us where we’re headed. If the practice produces $1,500,000 this year, we can expect that the practice will collect something close to $1,500,000 next year. Knowing this, we can use practice production, practice collections and their relationship to one another to identify trends within the practice. If practice collections have grown over the past two years and production in each particular year exceeds our collections in the same year, we can be fairly confident that the practice will see continued collections growth in the following year. This can be vital to practice value because a growing practice has more potential, and less risk, than a declining practice.

Practice Contracts Receivable
The contracts receivable balance is the total amount remaining to be billed to the active patients of a practice. This can be distinguished from accounts receivable because accounts receivable have already been billed to the patient and are currently due. The contracts receivable balance gives us an indication of the stability of the expected future cash flow of the practice and an idea of the number of active patients that are paid-in-full.  We know that we can expect cash flow from the contracts receivable balance as we treat current patients of the practice regardless of the number of new starts we have. On average, a practice’s contracts receivable balance is approximately 50% of prior year production. Below that level, and the practice likely has more paid-in-full patients than the average orthodontic practice. This would add risk for a buyer expected to continue to treat those paid-in-full patients after the closing without collecting patient fees. This additional risk tends to drive the practice price down. Of course, if the contracts receivable balance is above this threshold, it can add value to the practice.

As I said above, there are dozens of factors that go into determining the value of a practice. No one point of data will tell you everything you need to know about a practice. However, analysis of the three metrics above should give you a pretty solid idea of the type of practice you are looking at and whether it is worth pursuing further.