DSO DesignStarting a dental practice can be challenging. Starting a dental group with multiple practices can be even more challenging. However, designing the central support structure that enables you to run multiple practices efficiently and effectively is the ultimate challenge in the dental industry. The Precision Advisory team is an expert in developing the DSO platform needed to service dental practices. We’ve done it numerous times successfully.
Billing ServicesPrecision Advisory provides comprehensive remote central billing services. Billing and collections services include: Verification Claims submission EOB processing Aging analysis and processing Auditing The main goal of the Remote Billing Department is to provide compliant timely filing of claims in accordance with all federal, state and local government regulations and requirements.
IT servicesPrecision Advisory provides consulting on basic IT functions including network development, IT hardware & software services, IT troubleshooting, phone services, and more.
Human Resources ServicesPrecision Advisory provides a wide array of human resources consulting services including talent acquisition, payroll, compliance, handbook development, job descriptions, team member relations, team member development, and more. Our Human Resources experts make it a lot easier for the dental office to focus on patient care and leave most of the HR functions to Precision Advisory.
Financial ServicesPrecision Advisory Management provides essential accounting and finance consulting services to its clients. These services include accounting systems, checks and balances, auditing, CPA certified financial reports, and more.
Operations Support ServicesOur team of regional managers and operational support offer a wide array of operational peace of mind. Training, mentorship, auditing, team development, KPIs tracking, billing, and collections are some of the services they provide.
Practice Acquisition & Transition servicesTransitioning into the right practice can be an overwhelming and painstaking process. With a team of transition experts, this process can be significantly easier. Careful and expert support is needed to ensure a proper transition process.
Business DevelopmentGoing from 3 locations to 10? Scaling up is our specialty.
ProcurementChairs, gloves, and X-ray machines are just a few of the materials and technologies needed to run a state-of-the-art dental practice. Precision Advisory is linked to the right procurement teams that can help you receive quality, cost-efficient products quickly and easily thanks to our consolidation and special markets pricing agreements. We work closely with major suppliers in the dental industry in order to purchase some of the best products in the field at some of the lowest prices. Since we buy in huge volumes for multiple DSOs, our pricing structure is very different than what you can get in the market. Call us today if you would like to learn more about how our procurement team works with trusted vendors to provide dental equipment and materials to our offices.
ComplianceThere are many regulations that dentists need to comply with, and since these regulations often change or increase, the process of compliance can be overwhelming. But with Precision Advisory, we help our doctors meet all standards in the dental industry with a personalized, comprehensive approach. We implement office compliance programs, monitor monthly audits of clinical notes and charts, and make sure our practices follow the most up-to-date regulation standards. With our support, we help our offices stay compliant with industry regulations.
Precision Executive CoachingYour leaders are your biggest assets, since they are the engine running the train. Thus, investment in educating, training, and developing the leaders should be a top priority in any organization. We offer a wide variety of training programs to qualify the aspiring leaders and the current ones to take your organization to the next scale up.
Practice EvaluationDon’t know which practice to buy? Dr. Aly is a CVA Certified Valuation Analyst from the NACVA National Association of Certified Valuators and Analysts. Let the credentialed professionals value your practice. Mergers & Acquisitions Considering a dental practice purchase opportunity? Assessing the “future” worth of an existing practice goes beyond the fixtures and its current production/collections. Precision Advisory’s Dental Practice Acquisition Evaluation provides you with the practice’s potential revenue earning opportunities. Dr. Aly is also a Certified Valuation Analyst from the NACVA. Through extensive due diligence, the practice being considered for purchase is evaluated for its strengths and also opportunities in the following areas: Facility Marketing Revenue Opportunity Hygiene Cash Flow Scheduling Unscheduled Treatment Patient Retention Strategic Planning Staffing Financial Patient Payment Options Comparative Fee Analysis Demographic Profile
Practice TransitionsBought a practice and overwhelmed by the transition process? Transitioning a practice post-purchase is arguably the hardest part of a business life cycle. A ton of factors play different roles including: IT, Practice Management Software, Transfer of patient trust, Endorsement of the new dentist, Transfer of team trust, Marketing, and more. Practice transitioning is one of our strongest specialities.
Marketing Consulting“How do I bring more patients in the door?” is one of the most frequently asked questions. There are multiple internal and external marketing tools that can be deployed to bring more patients to the practice. We’ll let you know what works with similar practices and groups in your market and reliable marketing vendors we’ve used.