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The orthodontic practice ownership transition

C M Caplan

    American Journal of Orthodontics and Dentofacial Orthopedics : Official Publication of the American Association of Orthodontists, Its Constituent Societies, and the American Board of Orthodontics
    |December 1, 1993
    PubMed
    Summary
    This summary is machine-generated.

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    Orthodontists considering practice ownership transfer need objective analysis and expert advice. Standard agreements and generalized strategies are insufficient for successful transitions.

    Area of Science:

    • Dental Practice Management
    • Orthodontic Business Strategy

    Background:

    • Orthodontic practice ownership transitions are complex business events.
    • Lack of objective decision-making can lead to suboptimal outcomes.

    Purpose of the Study:

    • To emphasize the necessity of analytical approaches in orthodontic ownership transfers.
    • To advocate for tailored advice over generic solutions.

    Main Methods:

    • This study is a conceptual analysis based on established business principles.
    • It reviews common pitfalls in practice transitions.

    Main Results:

    • Generic agreements and 'rules of thumb' are inadequate for complex ownership changes.
    • Objective, data-driven decision-making is crucial for success.

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    Conclusions:

    • Orthodontists must seek specialized, objective advice for ownership transfers.
    • Personalized strategies are essential, mirroring individualized patient care.