DentalCare Partners is introducing a new "doctor partnership program" for its Sears Dental and DentalWorks locations enabling qualified doctors to participate in equity ownership and profit sharing, just like private practice owners. To date, DentalCare Partners has awarded eight doctor partnerships.
"Our new doctor partnership program marries the best aspects of group practice, such as administrative and marketing efficiency, with the best aspects of private practice, including entrepreneurship and on-site decision-making," says Doug Brown, CEO of DentalCare Partners, a dental practice management company which provides business services to dentists and affiliates with over 60 dental practices throughout the Midwest and Southeast under the names Sears Dental and DentalWorks. "We're committed to providing our doctors with lucrative and forward-thinking alternatives to private practice."
For more than 20 years, dentists practicing with DentalCare Partners have enjoyed benefits such as administrative support and competitive pay and benefit packages. Dentists' earnings are based on patient fees and collections, and the average revenue at a DentalCare Partners-affiliated practice is $1.2 million annually. Through advertising, these practices attract an average of over 100 new patients a month, as compared to private practice earnings of $400,000 annually and just 10 new patients a month. With the shared ownership structure, dentists will be able to benefit further by profit sharing and equity growth.
New doctor partners will also have more flexibility, either choosing to focus on patient care, or spending a portion of their time coordinating efforts with other dentists and working with their support staffs.
To qualify for partnership nomination, doctors must be currently practicing at Sears Dental or DentalWorks offices, demonstrate quality dentistry, leadership, and support a team-oriented management. Qualified dentists will be offered the right to purchase 35 percent of their practice equity. Dentists will make a down payment for the purchase, with the majority financed by DentalCare Partners.
"The benefits of this program are mutual," explains Brown. "It is a reward for our doctors who demonstrate excellence in dentistry and management; and, as in any field, local employee-ownership provides invaluable dividends of increased commitment to the organization overall."
DentalCare Partners is not only one of the first dental management companies, but one of the largest in the US. Founded in 1981 by Dr. Edward Meckler, DentalCare Partners now affiliates with over 60 dental practices in nine states with practices branded as "Sears Dental" and "DentalWorks" with opportunities ranging from general dentistry to specialties such as orthodontics, periodontics, endodontics and oral surgery. DentalCare Partners offers doctors the advantages of a private practice with the resources of a large organization. Patients are assured quality dental care along with convenient locations, consumer-friendly hours and easy payment plans. DentalCare Partners is committed to helping dentists do what they do best by providing a secure environment in which to practice and an unlimited opportunity to advance their careers. For more information, visit www.dcpartners.com.
