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Articles by Pamela Gelfand
Dental practice design profile: Saco River Dentistry
By Dental Economics Editors DE’s Design Studio Profile Saco River Dentistry, Buxton, Maine Dentists: Dr. Nicholas K. Roy, Dr. Kristian Richardson, Dr. Joanna M. Fox, Dr. Jacob D. Akers, and Dr. Zachary K.
Avoid the 'relocation clause' horror story
When it comes to dental leases, we've heard plenty of horror stories. Here's one we frequently hear about relocation clauses—which are notorious troublemakers. What follows is a paraphrased version of one dentist's story. I have a relocation clause in my lease. Now the landlord is exercising that right. The landlord is moving me to another space in the same building because he just leased a major part of the building to a large tenant.
The emergence of small group practices
More dentists are discovering the benefits and economies of scale associated with “grouping up.” If you have an interest in developing a small group practice, it helps to know up front that you’ll be dealing with many challenges that smaller private practices do not face. Your first challenge will be taking on the high debt that comes with creating a small group practice. Plus, there are numerous financial, management, and logistical factors that must be carefully considered.
The hidden link between the dental practice lease and dental practice profitability
There is a hidden link between the dental lease and dental practice profitability. That link is the business protection within the lease. The key to understanding this concept is recognizing what a lease really is and the important part it plays in practice financials. A lease is a binding agreement between a tenant and a landlord. It is a risk-shifting structure full of complexities. Leases offered by landlords are always skewed to favor the landlord by shifting risk to the detriment of the tenant.
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