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Related Experiment Videos

Associateships: a business wedding

H Farran

    Journal of the American Dental Association (1939)
    |February 1, 1994
    PubMed
    Summary

    Hiring an associate can be a strategic move for solo practitioners facing high operational costs. This guide explores the benefits and key considerations for bringing on an associate, including interviewing and compensation strategies.

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    Area of Science:

    • Dental Practice Management
    • Business Administration

    Background:

    • Solo dental practices face increasing financial pressures.
    • Competitive market dynamics necessitate exploring growth and efficiency strategies.

    Purpose of the Study:

    • To evaluate the viability of dental associateships as a business model for solo practitioners.
    • To outline critical factors for successful associate hiring and integration.

    Main Methods:

    • Review of practice management literature.
    • Analysis of financial and operational benefits of associateships.
    • Discussion of key interviewing and compensation considerations.

    Main Results:

    • Associateships offer a potential solution to high overhead costs and enhance practice capacity.
    • Strategic interviewing and fair compensation are crucial for successful associate retention and practice growth.

    Conclusions:

    • Dental associateships present a viable option for solo practitioners seeking to expand services and profitability.
    • Careful planning regarding recruitment, interviewing, and compensation is essential for maximizing the benefits of hiring an associate.

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