This program is expedited for a reason. If you know the practice transition result you want and want it done now, this is the program for you. You must have an interested prospect and both doctors must be committed to taking the necessary steps to develop the relationship. The process by its very nature is intensive and expensive. It is not therefore for everyone or every practice. If time is very important to you, why wait? For years we have had inquiries from doctors who just wanted to formalize their practice transition intentions. They wanted to have the benefit of the very important but at times prolonged process condensed. Accelerated Practice Transition / Succession is designed to provide a an expedited format to create the associateship, partnership or practice sale. Randall K. Berning co-authored the ADA publications Associateships and also Valuing A Practice. He also provided assistance with materials for the AAO Practice Alternatives Binders and co-authored the AAO Guide to Orthodontic Practice Valuation monograph. These publications have withstood the test of time and countless doctors and their advisors review. You can be guided by the same judgment he provided in writing the publications and that has served hundreds of dentists in his consultations for more than 23 years. Accelerated Practice Transition is timed for a full day, that evening including a working dinner, and half of the next day. Generally the session takes place at the national administrative offices of Berning & Affiliates, Inc. As in all our programs we seek to gain a consensus between doctors and then provide a detailed summary to their advisors. Here's how it works: Following engagement of Berning & Affiliates and Prior to the Working Session the following occur: Relevant information on the practice and both practitioners is secured by interview. An appropriate questionnaire is sent to each party. (different questionnaires if it is an associateship, partnership or practice sale over time). Practice valuation of the practice is secured from our DDSValue Point service using the capitalized earning method. Practice accountant reviews the valuation.

The Working Session. Prior to the working session the doctors arrive the evening prior to be ready for an early morning process meeting. The morning session confirms the interview and practice information and starts with the relevant terms. The practice valuation is discussed and the start of the afternoon session begin a 4 - 7 hour agenda driven meeting with the doctors (amount of time depends on the complexity of the practice situation) during which the parties decide each of the interrelated items necessary for these doctors and this practice to structure the desired transaction / succession. During the Working Session a cash flow designed to illustrate the impact of certain terms is presented and discussed. In the late afternoon and early evening a draft set of terms is prepared that reflects the proposed relationship and further discussion occurs of any open areas. The doctors participate in developing a timeline for the practice transition transaction, the practice administration, governance, marketing and related steps needed to be completed by advisors. Overnight the draft terms, supporting cash flow and timeline are finalized for the doctors to review the next morning. Concluding Morning Session. The morning of the next day the doctors review and make any minor modifications to their desired intentions for the draft terms, supporting cash flow and timeline. If the doctors are ready to proceed a draft set of documents is prepared by our drafting affiliates for the review of their attorneys for any local law issues and drafting completeness. We will provide a checklist of items for the doctors and their advisors to finalize the process and if necessary will help locate health care attorneys, accountants, financial planners, estate planners and virtually any other category of advisor to assist in the transition / succession planning. Financial Arrangements The fee $50,000, is inclusive for all items listed above (includes practice valuation for a 1 doctor 1 location practice, additional doctors / locations carry additional fees per our fee schedule). We welcome discussing your practice transition needs with you and whether this program is one that you would find beneficial. We have a solid success record of assisting doctors to meet their transition and succession goals. See our outstanding Testimonials. To schedule your consultation click here or call us at 800-999-8121.