This presentation will review practice modality options available in the market today and the financial and operational considerations of solo, group and corporate practice models. The expansion of group and corporate practices will be also discussed, along with what to consider if you are planning to bring in a partner or sell your practice. Today’s orthodontists have more options than ever in regard to how to operate, who to partner with and how to transition their practice. This presentation will outline the options and considerations for these important decisions and discuss the variety of compensation models.
Discuss the motives for entering different types of orthodontic business models
Identify and respect each party’s goals and perspectives during a transition
Examine profit allocation methods and understand what’s best for your career goals
Doug Copple graduated from Appalachian State University where he earned his Bachelor of Science in Business Administration (BSBA) and Master of Science (MS) degree in Accounting. Doug joined Bentson Copple & Associates, LLC in 2004 and became a partner in the firm in 2005. Prior to Bentson Copple & Associates, he was an Audit Senior for Ernst & Young, LLP, and an Audit Associate/Senior for KPMG, LLP. Doug is a Certified Valuation Analyst (CVA), a designation granted by the National Association of Certified Valuation Analysts (NAVCA) after completing specific training and testing requirements and reaching a certain level of experience. Doug ensures the firm’s practice valuations are properly performed and adhere to generally accepted valuation standards. He is also integral in structuring and negotiating orthodontic partnerships and purchase transactions and the related tax and structural issues between buyers and sellers.