Here’s another look at 10 of the top Dentist’s Money Digest® articles published in the past year. For more financial content, go to dentalproductsreport.com/finance.
The Dentist’s Money Digest® section of our website is filled with content designed to help dentists financially, whether to stay on track during challenging times, to plan for retirement, and even to prepare to sell your practice or to consider joining a dental service organization (DSO). This year’s top 10 list of articles addresses several important topics, including practice valuations during a pandemic, steps to prevent profits from leaking, capitalizing on industry optimism, and dealing with a divorce and its effects on a practice valuation.
Comparing Dental Practice Valuations During COVID-19
by Bruce Bryen, CPA, CVA
Evaluators need to be diligent in dental practice evaluations, but there are a variety of ways in which practices were valued before and during COVID-19. Expert dental practice evaluators had a difficult time with their presentations of dental practice value because of the pandemic. The typical methodologies and standards still had to be observed with the preparation of the reports, but there were so many deviations in value that, without statements explaining what had happened to the practice and the look back to the years when the dental office was successful, the valuation itself would be terribly misleading.