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Partnership is a three-step process.

A Paul Bass1

  • 1Fortune Management, Tullahoma, Tenn 37388, USA. FMDRBASS@aol.com

Journal of the American Dental Association (1939)
|September 6, 2003
PubMed
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Bringing a dental partner into your practice is achievable through a three-phase process: employment, at-risk associateship, and full partnership. This structured approach facilitates successful dental practice transitions.

Area of Science:

  • Dental Practice Management
  • Business Strategy in Dentistry

Background:

  • Many dentists desire practice succession planning but face reluctance due to partnership uncertainties.
  • A structured, phased approach is essential for integrating new dentists into established practices.

Purpose of the Study:

  • To outline a practical, three-step strategy for dentists seeking to establish successful partnerships.
  • To guide practice owners through the process of bringing in an associate and transitioning them to partner.

Main Methods:

  • Describes a three-phase model for dental practice partnership: employment, at-risk associateship, and partnership.
  • Focuses on integration, gradual financial responsibility, and team function.

Main Results:

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  • Successful integration requires distinct phases: introduction, financial risk assumption, and team operation.
  • Each phase addresses specific challenges in transitioning an associate to a partner.

    • Conclusions:

    • Partnership challenges are inevitable but manageable with open communication and defined responsibilities.
    • Regular meetings and clear role division are key to long-term, rewarding dental practice partnerships.