Consulting and M&A Advisory Firm Releases Associate Equity Compensation Model for Group Dental Practices
TUSK Partners, the fastest growing middle market consulting and M&A advisory firm in the dental industry, today announced the public launch of Partnership Pathways. The innovative program is designed to attract key talent, minimize turnover, and increase the value of equity among employees within group dental practices. Partnership Pathways joins a list of other industry-leading services TUSK provides to group dental practices and DSOs.
Founded in 2016, TUSK Partners is focused on driving greater value for buyers and sellers of dental practices through customized programs targeting key moments in the lifecycle of practice owners. Partnership Pathways is TUSK’s newest product developed out of a recurring and prominent problem within the industry – associate turnover. It is a custom-crafted program based on attracting, rewarding, and retaining key practice employees.
“Whether you own two practices or two hundred practices, associate turnover is the number one problem every group dental practice or DSO confronts. Complicating this problem is the competition among practice owners to attract and compensate top talent,” said Kevin Cumbus, Co-founder and Partner, TUSK Partners.“Partnership Pathways is designed to attract and retain a higher level of associate by implementing an earned equity compensation model. The early returns have been tremendous for our clients.”
Total Health Dental Care is a seven-location group dental practice and one of the first participants of Partnership Pathways. Total Health was challenged with employee engagement across its footprint of practices and enlisted TUSK Partners to increase this key metric along with employee retention.
“TUSK Partners was able to create a program customized to our own individual challenges. Employee retention and compensation are problems the industry faces as a whole, but TUSK crafted a turnkey process that addressed our specific needs within our markets,” said Sepand Hokmabadi, DDS, Founder of Total Health Dental Care. “More importantly, it helped us identify the individuals and key skills we wanted and needed to keep ensuring our future success and growth.”
Partnership Pathways was borne out of TUSK Partners’ collective experience in similar programs for other corporations across a number of industries. The earned equity compensation model is designed to attract a higher level of associate, engage employees long-term, and maximize practice growth. With over 70 years of combined experience, TUSK defines a roadmap of goals and milestones to help founder-owner doctors successfully start, grow and sell their group dental practice or DSO.