How to Start a Dental Practice in 5 Steps
Find the right location and right provider, Make a budget, Get licensed, Work with another dentist are the best points for starting Dental Practice. If you’ve been working hard over the years studying dentistry and working at local practices, now may be the time to take the next step: opening your own dental practice. If this is in your plans, take some time to prepare with these five steps:
Find the right location for Dental Practice
You’ll need to find a great location for your practice. Work with a realtor that specializes in medical and health practices, so you can find the best option for your new business. Keep in mind that location matters a lot for your dental practice, as you will want to set up in an area where you are close to your target demographic, offering the type of services and pricing that is accepted in the area.
When looking for a place to set up shop, make sure you have a clear plan on what you want in your practice. Do you need a waiting room? Are you hoping to offer extra services? Make sure you choose a place that works for what you have in mind now and allows for future growth.
Find the right provider
From a prophy angle to a mouth mirror, there are numerous supplies you’ll need to have a successful practice. A dentist can’t do much without the proper equipment and supplies so one of the most important things you can do when preparing for opening a dental practice is to find the right provider.
You want a company that offers great pricing as well as loyalty programs and, most of all, quality products. While some people like to shop around to find great deals on a number of products, we often suggest sticking to one provider, which helps you streamline your product ordering process. Consider using a dental software site to keep track of client scheduling, as well as everything needed for your practice.
Make a budget
A common mistake that new dentists make is planning a budget without really paying attention to the extra costs. There are many different fees and expenses that go into opening practice and running one. From the staff you need to the kinds of supplies required for a successful dental practice; budgeting is important for your new practice.
Consider using top financial software or working with a finance professional so you are prepared for the day-to-day expenses and any other emergency costs that running a business may incur. Another tool from CMD Medical Practice Revenue Calculator will show you how you can advance your practice’s financial goals!
Get licensed
To run a dental practice, you’ll need to have the right permits and licenses for your specific state. There are a variety of laws that vary from state to state; so it’s important to research your state’s requirements, even if you’ve already practiced in another state. Additionally, some places require you to be registered with the DEA if you’re prescribing meds for your patients.
Work with another dentist for Dental Practice
Opening a health practice with another dentist can help you cut down on expenses by splitting costs with your partner. It’s no secret that starting a dental practice is expensive. After all, from the licensing to the real estate to supplies, equipment; and a team, there’s a lot you have to invest in to get started. If you’ve found someone you can trust and work well with, consider making your dream come true with them.
In Conclusion
Dental practices take a lot of work and planning to get off the ground. However, it could be more than worth it when you start attending numerous patients; and seeing your clinic grow into everything you dreamed it could be. These 5 steps can help position you for success. Don’t forget to also market your practice once it’s up and running, so you see the growth you’re shooting for.
