Resident Webinar Announced: Transition from Residency into Practice

Take control of the future of your orthodontic career! Doug Copple will discuss how to successfully transition from residency into an established orthodontic practice, in his upcoming free resident webinar, Practice Valuation & Transition – Part 2. This webinar is scheduled for Monday, March 31 at 8:30PM EST.

Information will be presented on current purchase prices, and comparative practice data will be provided to illustrate benchmarks and trends. There will be an extensive conversation regarding cash flow pro-formas, one of the most important documents in a transition. A number of other general topics will be discussed including types of practice transitions, where to obtain financing and understanding the basics of a practice valuation. The webinar will conclude with a brief question and answer session.

This webinar is one of the many scheduled presentations that are part of the Ortho2’s Cutting Edge Webinar Series. This series will provide knowledge in helping to run a future orthodontic practice. This webinar series is being hosted exclusively for residents, recent grads and Ortho2 users, at no charge. If you have a desire to learn more from an elite group of experienced orthodontic professionals, you’ll want to take advantage of this free series that has everything you need to know to operate a successful orthodontic practice. Webinars occur weekly at 8:30 PM Eastern/5:30 PM Pacific and last approximately one hour.

Click here to register for Doug’s webinar or to find out more.

Orthodontic Practice for Sale – Suburbs of Kansas City, MO

This practice opportunity is located in west central Missouri just outside of Kansas City. This centrally located area offers big city amenities with a hometown atmosphere. This is a wonderful community with excellent schools that consistently rank top in the nation with test scores. This is a well-established orthodontic practice and has been in the area for over 30 years. Ideal candidate is available by the summer of 2014 and eligible for Missouri licensure.

To learn more about this and other available orthodontic practice opportunity for orthodontic residents and orthodontists, please contact Shannon Patterson, Bentson Clark & Copple’s Director of Practice Opportunities & Executive Recruiting. She can be reached via email at shannon@bentsonclark.com or via phone at 1-800-621-4664.

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

Orthodontic Practice for Sale – Interior San Diego County, California

This practice location is nestled in the rolling hills and lush groves of San Diego County. The area is well known for its equestrian and walking trails as well as its beautiful golf courses. This is a wonderful community to raise a family with close proximity to the Pacific Ocean and its Mediterranean climate.  This practice opportunity has unlimited potential growth. Practice available for near term sale, transition time-frame is negotiable.

To learn more about this and other available orthodontic practice opportunity for orthodontic residents and orthodontists, please contact Shannon Patterson, Bentson Clark & Copple’s Director of Practice Opportunities & Executive Recruiting. She can be reached via email at shannon@bentsonclark.com or via phone at 1-800-621-4664.

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

2013 GORP Promotion Winner Announced

GORP 2013 WinnerBentson Clark & Copple is pleased to announce that Dr. Doug Shaw of Nova Southeastern University is the winner of our on-site “Who’s the Boss” GORP promotional contest.

All GORP attendees were invited to participate in our Instagram contest for a chance to win a Mystery Prize, valued at over $2,800. The prize included:

A lifetime subscription to the Bentson Clark reSource quarterly newsletter. The Bentson Clark reSource is an all-in-one informational source that provides and analyzes real data from real practices to present the most accurate information available within the orthodontic industry. Each issue of the Bentson Clark reSource includes articles written by the most distinguished consultants, industry insiders and businesses leaders within the world of orthodontics.

A $1,000 worth of consulting from Bentson Clark & Copple.  Bentson Clark & Copple can review an existing practice valuation to ensure the value determined is reasonable and appropriately represents the fair market value of a particular practice. Consulting services also include practice transition mediation between Sellers and their advisors and Buyers and their advisors.

A Lunch and Learn webinar for the winner’s orthodontic program. This includes a one-hour webinar and lunch and cupcake delivery for the residents in attendance.

Company-branded paper neckties were given away at the Bentson Clark & Copple table during the UNC-hosted event.  Residents were asked to snap a photo of themselves wearing a branded “I’m the Boss” tie, then upload the photo to Instagram with the hashtags #BCCOrtho and #GORP2013.

A huge thank you goes out to all of the residents who entered the contest. We received many great pictures via Instagram and we regret only being able to select one winner. To view a sample of the entries, please visit our Facebook page.

Bentson Clark & Copple Traveling to GORP 2013

Bentson Clark & Copple will be arriving on the campus of University of North Carolina at Chapel Hill just in time for GORP 2013.

Our table will be located in the exhibit hall during GORP. Please plan to stop by and say hello. We would love to speak with you regarding purchasing an orthodontic practice or locating an associateship position. Shannon Patterson, our Director of Practice Opportunities & Executive Recruiting, will be on hand to register you in our database of practice opportunities. We will be able to supply you with potential opportunity matches as they come to light, based on your specific geographic preferences and future ownership desires.

This year we invite you to participate in our Instagram contest for a chance to win a Mystery Prize, valued at over $2,800. We would like to also encourage every resident to contribute to Bentson Clark & Copple’s 2013 Annual Resident Survey. We will have paper copies of the survey available or you can scan the QR code displayed at our table to participate online.

GORP was started in 1989 as a means of bringing the orthodontists of the future together for a summer meeting, creating an environment to foster professional growth and interpersonal relationships among colleagues and representatives of the orthodontic industry. Over the past 24 years, the meeting has grown to an event that involves around 500 orthodontic residents from the United States and Canada.This program/meeting is unique in that it is the first annual conference to bring together residents in a dental or medical specialty program. The meeting is sponsored by donations from orthodontic exhibitors, the American Board of Orthodontics and its constituent associations and American Association of Orthodontists Foundation.

Partnering with the AAO

We are always honored when approached by the AAO to participate in an opportunity to educate the orthodontic community. Over the winter months, Chris Bentson along with a handful of other industry experts recorded the AAO’s The Business of Orthodontics Webinar Series. It is a 9-part educational webinar series that consists of lectures addressing the core competencies for starting and managing an orthodontic practice. Chris presented three lectures in The Business of Orthodontics Webinar Series:

• The Pathway to Ownership, Partnership, Associateship
• Growing A Practice
• Overhead Management – Industry Norms and Understanding Market Segments

These learning lectures are now online and available via the AAO member website at no cost to members. To view one or all of the lectures in this series, log onto AAAinfo.org, go to the “Education” section and click “On Demand Learning,” then on the upper right tab, “View all On-Demand Lectures.” One hour of continuing education credit is available for each Business of Orthodontics lecture. For a full list of webinars included in The Business of Orthodontics Webinar Series, check out the Feature Resources section (page 22) of the AAO’s The Bulletin April 2013 edition.

Orthodontic Associate Practice Opportunity – Columbus, Ohio

A practice located in an affluent Columbus, Ohio suburb is seeking a full-time or part-time associate to help grow an already rapidly growing 100% fee for service progressive orthodontic office. CBCT is extensively utilized for diagnostics and therapeutics and practice focuses on maximizing practice efficiency while optimizing treatment outcomes. This is a multi-year employment opportunity that offers a very competitive employment package. Ideal candidate is available in the Fall of 2014 and obtains Ohio licensure.

To learn more about this and other available orthodontic practice opportunity for orthodontic residents and orthodontists, please contact Shannon Patterson, Bentson Clark & Copple’s Director of Practice Opportunities & Executive Recruiting. She can be reached via email at shannon@bentsonclark.com or via phone at 1-800-621-4664.

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

Bentson Clark & Copple’s Resident Survey

We spend a lot of time and effort working with today’s orthodontic residents. We visit their residency programs, attend events solely catered towards the resident community and participate in resident-only webinars and presentation opportunities. We spend numerous hours speaking with them as they search for an orthodontic practice to purchase and/or employment opportunities. We are focused on actively working with and providing as much information as possible to them to help them make educated decisions about their future. This group of young professionals will ultimately shape the future of the orthodontic industry.

As part of our commitment to providing relevant, accurate and useful data to the orthodontic community, each year Bentson Clark & Copple conducts a nationwide survey of all current orthodontic residents for the purpose of collecting, compiling and analyzing information regarding today’s orthodontic resident population.

As in our previous surveys, we ask a variety of questions regarding residents’ anticipated plans after completing their residency program. The survey also inquires about income expectations, geographic locations, total educational debt, and preference of whether they would seek an employment relationship or equity opportunity upon graduation.

We have published a brief sampling of the 2012 Annual Orthodontic Resident Survey’s results in the 4th Quarter edition of the Bentson Clark reSource. We have, in addition, compiled the full results of this year’s survey in booklet form featuring our commentary and a comparison of this year’s data to that of the previous two years. This publication will be available for purchased within the next few weeks. Please check our website and blog for additional information and purchase information.