As an Orthodontic Resident, When Should I Begin Searching for a Practice Opportunity?

As an orthodontic resident, when should I begin searching for a practice opportunity?By: Mandy King
Client Support Associate

As a liaison for residents seeking orthodontic opportunities, my job is to provide you with support during the recruitment process with our placement services. In doing so, I am able to share insight about crafting an “About Me” letter, preparing a curriculum vitae, and answer any questions you might have, including ‘when should I start looking for an opportunity?’

You should begin to determine in which state and city or town you wish to practice after the first six months of your residency. If you wait until your last year to start the process of identifying the area in which you wish to live, you are taking a gamble on finding an opportunity. Some of you are pretty open to different areas, which is great because this will give you more opportunities. A good rule of thumb is, beginning when you are one year out from graduation, you should dedicate two hours per week to your job search depending on your geographical preferences.

If you are considering buying-in or purchasing a practice, you need to start preparing early. Be on the lookout a year or two in advance for practices for sale in the areas where you hope to purchase. Speak with a lender to determine financial goals you may need to meet in order to be extended a loan.

Do not hesitate to inquire about opportunities that interest you or to ask questions you may have about current market trends. You never know when the “right” one will present itself.

Each month our team sends out the Bentson Copple InSight e-newsletter which includes a list of available practice opportunities. If you are not receiving the InSight and would like to stay up-to-date with current orthodontic career opportunities, please click here and sign up.

Retail Healthcare & Teeth Straightening: Your Local CVS Pharmacy Could Include A SmileShop

Retail Healthcare & Teeth Straightening: Your Local CVS Pharmacy Could Include A SmileShopBy: Shannon Patterson, CRP, CMSR
Partner, Kolbe Certified™ Consultant

The trend that disrupted healthcare consumerism a decade ago has entered the orthodontic market. Traditionally, retail clinics have been a convenient way for patients to visit a walk-in healthcare clinic. These clinics are located inside of retail stores, such as supermarkets and department stores and are part of a broader category called convenient care clinics (CCCs) in the medical world. Retail health is emerging as a means of delivering quality, convenient care to millions of consumers, as well as a model for healthcare systems, to consider when providing services to new and existing patient populations.

As traditional and big box retailers have watched consumers evolve, they began to understand that consumers expect convenience, quality, and transparency when choosing where to spend their time and money. Naturally, those consumers have come to expect those same experiences from healthcare providers. Therefore, retailers are aggressively stepping up and opening in-store clinics that offer convenient access to health and wellness products and services across the US, and it’s in serious growth mode. In 2007, there were 351 retail clinics in operation. Today, that number has skyrocketed to over 3,000.

CVS announced in April they plan to open hundreds of SmileDirectClub shops in its stores in 2019, offering a cheaper way to straighten teeth. Maly Bernstein, CVS’ Vice President recently stated in an interview, “This partnership is about how CVS is very much on the lookout for innovative solutions we can provide conveniently, locally and affordably.” The drugstore is trying to keep up with its changing customers. Consumers are shopping online more, especially on sites like Amazon, which hurt CVS and other retail drugstores sales in traditional beauty and household products.  CVS thinks focusing on health and wellness services will be a way to draw consumers in its stores.

As of today, SmileDirectClub SmileShops are open in 57 CVS Pharmacy locations in 20 states, with planned expansion to hundreds more by the end of 2019. Click here to see if there is a SmileShop location near you.

Orthodontic Practice For Sale: Research Triangle Park, North Carolina

RTP.BlogAn orthodontic practice located in North Carolina’s Research Triangle Park is for sale.

Research Triangle Park is the largest research park in the United States making it a national leader in medical research and health care. This area is able to offer opportunities to businesses and newcomers in a variety of fields and provides the culture, the restaurants, and the industry. The RTP community which is made up of Raleigh, Durham, and Chapel Hill, is friendly and welcoming, not to mention has a lower cost of living. The central location is less than 20 miles from three major universities; Duke University, North Carolina State University, and the University of North Carolina giving residents ample opportunity to catch a college game.

This is a great opportunity to purchase a practice in an area that is consistently ranked as one of the best places in the U.S. to live, work, and retire. Ideal candidate is available by fall 2019 and eligible for North Carolina licensure. To learn more about this practice opportunity, please forward your CV and letter of interest to shannon@bentsoncopple.com.

AAO 2019 / Bentson Copple reSource Show Special Extended

2019 AAO Bentson Copple reSource Show Special ExtendedThanks to everyone who stopped by our booth during the 2019 AAO Annual Session in Los Angeles, took part in the Practice Transition Seminar, attended one of our educational lectures, or visited our table at the Orthodontic Career Fair. It was great meeting all of you!

If you missed coming by our booth, or you couldn’t make it to the meeting this year, we have extended our BOGO Show Special to everyone! Receive a 2-year Bentson Copple reSource newsletter subscription for only $95 (normally $175).  The only catch is this deal is only available through Friday, May 31st! Click here to start your subscription and use this coupon code: AAO2019.

Over 1,500 of your colleagues have already discovered what reading the Bentson Copple reSource can do for their orthodontic practice! How can you afford not to stay informed of business trends, keep your finger on the pulse of market dynamics, and read insightful perspectives regarding the world of orthodontics?

Each edition exclusively addresses the topics that are important to all orthodontists, their practices, and future endeavors. Subscribe today and begin receiving the most valuable and up-to-date news, data, and information focused solely on the business aspects of running a successful orthodontic practice!

Publication Highlights:
– Practice Management Tools
– Data-Driven Articles
– Content-Rich Interviews
– Orthodontic Business Trends
– Industry Leaders’ Perspectives
– Financial Practice Benchmarks
– Practice Marketing Insights

Thank you again to everyone who made AAO Annual Session a great show and consider taking advantage of this deeply-discounted Bentson Copple reSource show special!

Orthodontic Job Opportunity: Slidell, Louisiana

Slidell.BlogAn orthodontic practice is looking for an associate in Slidell, Louisiana.

Slidell is located on the northeast shore of Lake Pontchartrain in St. Tammany Parish. Slidell is in close proximity to New Orleans and Baton Rouge which has made the area one of the fastest growing metropolitan suburbs in Louisiana. This quiet, friendly community is filled with great dining, plenty of shopping, and live entertainment throughout Olde Towne. Residents enjoy the festivals that are held there and the many parks Slidell has to offer.

This is a wonderful opportunity for an associate orthodontist to join a high quality orthodontic practice. The ideal candidate is available by summer 2019 and eligible for Louisiana state licensure. 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.

Orthodontic Job Opportunity: Lee’s Summit, Missouri

Lee's Summit.BlogAn orthodontic group practice located in Lee’s Summit, Missouri is seeking an orthodontic associate.

Lee’s Summit is a suburb of Kansas City which offers easy access for sports enthusiast to teams like the Royals and Chiefs. Lee’s Summit is known as a family-friendly community, having award-winning educational opportunities, and top-notch health care. The city prides itself on having many recreational activities, from lakes to parks, and a pedestrian-friendly downtown. There is a balance we all seek between family and work, and Lee’s Summit provides a much sought after quality of life.

This is a great opportunity for an associate to join an orthodontic practice that offers a very competitive employment package. Ideal candidate is available by summer 2019. To learn more about this practice opportunity please send your CV and letter of interest to Shannon Patterson via email at shannon@bentsoncopple.com.

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

Orthodontic Job Opportunity: Gulfport, Mississippi

Gulport, BlogA group practice in Gulfport, Mississippi is seeking an orthodontic associate.

Gulfport is the second largest city in Mississippi and located 65 miles NE of New Orleans, Louisiana. This metropolitan area offer residents a suburban feel in an active beach community. Many young families live in Gulfport and it ranks as one of best places for young professionals. Harbor Square Park is frequented by town residents as this is a great recreational spot. The fresh Gulf seafood will make your mouth water and the nightlife is hopping.

This is a multi-year employment opportunity and offers a very competitive employment package. Ideal candidate is available by summer 2019 and eligible for Mississippi state licensure. 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.

Orthodontic Job Opportunity: Champaign, Illinois

Champaign.blogAn orthodontic practice with multiple locations is seeking a full-time associate in Champaign, Illinois.

This opportunity is located in Central Illinois just two hours south of Chicago. The area is part of “Silicon Prairie” and home to multiple high technology industries. Champaign offers its residents affordable housing, good schools, and an excellent health care system. Amazing local parks, youth sports programs and miles of walking and biking opportunities make this a great place for families and individuals to have fun and stay healthy. Area lakes and rivers for boating, fishing, canoeing, camping and nature park areas for hiking all add to the fun.

The ideal candidate is available by summer 2019 and eligible for Illinois licensure. 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.

Orthodontic Practice For Sale: Barbados

Barbados_BlogAn established orthodontic practice on the island of Barbados is for sale.

Barbados is one of the most developed and popular islands in the Caribbean. It is completely surrounded by the Atlantic Ocean and is only 21 miles long and 14 miles wide. Barbadians are crazy for afternoon tea, cricket (which is also their national sport), golfing and scuba diving. The island has many while sandy beaches and botanical gardens to enjoy. While Barbados is full of great beauty, the diversity and friendliness of the people are the best asset. Ranking third in the world, Barbados has a literacy rate of 99.7%. With so many great things to do, see, and experience, many have chosen to live, stay, work, and have fun in this island paradise.

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.

Join Us at the 2019 AAO Annual Session

AAO 2019 Resident & Young Doctor

The Bentson Copple & Associates’ team will be attending the upcoming AAO Annual Session (May 3-7) in Los Angeles, CA and involved in many resident and younger doctor events. The Annual Session offers many educational lectures, career networking, and other opportunities. Listed below are a few events our team will be participating in.

2019 Practice Transition Seminar
Friday, May 3 – 8:00am – 5:00pm
Information & Tickets
The highly-anticipated all-day Practice Transition Seminar is a tool to aid orthodontists during the challenging time of a career transition. The seminar brings together experts to share insights for orthodontists that are preparing for a future transition. Shannon Patterson and Chris Bentson will be speaking on arrangement options for associates, partners, and group practices. In addition, they will be participating in an interactive panel discussion focused on career opportunities and emerging practice trends. The event will end with a networking reception.

Practice Trends & Profit Model Lecture
Saturday, May 4 – 1:00pm – 2:00pm
There is so much changing in dentistry and the specialty of orthodontics. In this lecture, Chris Bentson will discuss the new orthodontic profit model, consumer demographics, and explore today’s rapidly changing market trends effecting orthodontic practices. This 1-hour, AAO Annual Session-sponsored lecture will be held in Room #502 – Level 2.

Orthodontic Career Fair
Sunday, May 5 – 2:00pm – 4:30pm
Information & Directions
Our team will be a part of the annual Orthodontic Career Fair, held at JW Marriott Los Angeles Diamond Ballroom. The event offers the opportunity to engage face-to-face with employer representatives and discuss possible opportunities. The event will feature many companies and practices with available opportunities, such as associate positions, equity-minded associate opportunities, and practices for sale. This is a free event and is open to all to attend.

Exhibit Floor
We invite all doctors to stop by the Bentson Copple & Associates Booth (#947) any time during the Annual Session. Our team will be happy to discuss plans for a potential practice valuation/appraisal, a practice transition or any other change of orthodontic ownership. Residents and job seekers can also learn more about our placement services and variable career opportunities.