Wisdom & Wandering from the Herd: All About Credit Scores and Your Ability to Borrow

Posted by Diwakar Sinha on Aug 12, 2017 4:25:02 PM

 

A сrеdіt ѕсоrе іѕ a statistical аnаlуѕіѕ in thе shape of numerical expression that gives аn іdеа оf a реrѕоn'ѕ сrеdіt so that a реrѕоn'ѕ credit wоrthіnеѕѕ can bе knоwn. It іѕ рrіmаrіlу bаѕеd on thе credit rероrt information thаt саn bе ѕоurсеd from credit burеаuѕ. Mоnеу lеndеrѕ (e.g. bаnkѕ аnd credit саrd соmраnіеѕ) gеnеrаllу uѕе a реrѕоn'ѕ сrеdіt ѕсоrеѕ tо еvаluаtе thе default risk іf they lеnd money tо thаt person. To mitigate their losses duе tо a bаd dеbt, thеу may rеfuѕе tо lеnd money tо that individual.

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Tags: Dental Practice Selling

Wisdom & Wandering from the Herd: To DSO or Not to DSO?

Posted by Perrin DesPortes on Aug 9, 2017 11:51:10 AM

“I have a memory like an elephant.  In fact, elephants consult me.” ~Noel Coward

We have had the honor of speaking at many conferences this year and have fielded too many questions to count.  Having said that, one particular question seems to come up with great frequency among those who own one to three or four offices: “What’s the real difference in a group practice versus a DSO, and when does it make sense to form an actual DSO?”

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Tags: Growing Your Dental Practice or DSO, Selling your dental practice DSO, how much is my dental practice worth?, DSO vs group practice

Wisdom & Wandering from the Herd: You're Not Time-Broke

Posted by Perrin DesPortes on Jul 31, 2017 4:22:32 PM

“I have a memory like an elephant.  In fact, elephants consult me.” ~Noel Coward

I recently wrote a blog post about creating time in your schedule to work ON your business instead of always working IN your business.  Let’s face it: we’re all time-broke – and nobody sees that changing any time soon.  Strategic planning is critically important for any business, but there’s one aspect of working on your business that often goes neglected: working on YOU.

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Tags: Growing Your Dental Practice or DSO, Selling your dental practice DSO, how much is my dental practice worth?

On the Roam: Dykema DSO conference

Posted by Kevin Cumbus on Jul 19, 2017 1:24:07 PM

From Fraud and Failure to Double-Digit Exit Multiples, Dykema Reminds Us All How Far the DSO Economy Has Come in Recent Decades.

Those who braved the summer heat of New Orleans to attend Dykema’s 4th Annual Definitive Conference for DSOs earlier this month left well informed about our ever-changing DSO economy. 

Brian A. Colao (Director of Dykema’s DSO Industry Group, and his industry leading team hosted over 400 attendees to a 2-day information-packed survey of the DSO market.  This conference had a markedly different feel than most that we have attended this year – it had both a reflective perspective from Colao reminding the audience how the DSO economy has evolved in recent decades as well as the feel of a Survey Class of the current market with profiles of 2 of the largest names in the space: Craig Abramowitz (co-CEO of Dental Care Alliance) and Dr. Sulman Ahmed (Founder and CEO of Deca Dental). 

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Tags: Growing Your Dental Practice or DSO

On the Roam: The Mastery Summit – Peering into the Crystal Ball

Posted by Kevin Cumbus on Jun 29, 2017 2:40:13 PM

 

Disruption and innovation was the underlying theme of this year’s 2017 Mastery Summit on Group Practice in Phoenix, AZ.

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Tags: Growing Your Dental Practice or DSO, Selling your dental practice DSO, Mastery Summit

Wondering & Wisdom from the Herd: Sharpening Your Saw

Posted by Perrin DesPortes on Jun 15, 2017 2:32:44 PM

The Planning Process for Early Stage Development of your Group Dental Practice or DSO

"Give me six hours to chop down a tree and I will spend the first four sharpening the axe." - Abraham Lincoln

Various versions of this quote have been attributed to our 16th President and most of the variations are based on the amount of time, but the overriding point is one that gets down to the aspect of working “on” our group dental practice (DSO) versus working “in” our group dental practice (DSO). Many of us talk about this, but how many of us actually have scheduled time set aside every week, month, quarter and year devoted to planning, developing and executing our strategy? 

Strategic planning is the discipline of sharpening your saw and it doesn’t “just happen” when you’re done with patients.  It also doesn’t “just happen” when you’re alone and usually tired.  Planning is a process, and the process starts with blocking time.  Can you commit to blocking 2 hours of every week and 4 hours one day per month?  If so, that would gain you 10 hours in a typical month (for a 4-week month: 2 hours per week * 3 weeks + 4 hours on the 4th week). 

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Tags: Growing Your Dental Practice or DSO, Selling your dental practice DSO, how much is my dental practice worth?

What Is A Credit Score and How It Impacts The Ability To Borrow

Posted by Diwakar Sinha on Apr 12, 2017 9:46:43 AM

 

A сrеdіt ѕсоrе іѕ a statistical аnаlуѕіѕ in thе shape of numerical expression that gives аn іdеа оf a реrѕоn'ѕ сrеdіt so that a реrѕоn'ѕ credit wоrthіnеѕѕ can bе knоwn. It іѕ рrіmаrіlу bаѕеd on thе credit rероrt information thаt саn bе ѕоurсеd from credit burеаuѕ. Mоnеу lеndеrѕ (e.g. bаnkѕ аnd credit саrd соmраnіеѕ) gеnеrаllу uѕе a реrѕоn'ѕ сrеdіt ѕсоrеѕ tо еvаluаtе thе default risk іf they lеnd money tо thаt person. To mitigate their losses duе tо a bаd dеbt, thеу may rеfuѕе tо lеnd money tо that individual.

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Tags: Dental Practice Selling

On The Roam: Transparency, Collaboration, Disruption – Welcome to the ADSO

Posted by Kevin Cumbus on Mar 23, 2017 4:46:00 PM


TUSK was invited to the 2017 ADSO Summit  to share the stage with Dr. Marc Cooper of the Mastery Group to present to emerging group practices and DSOs. I focused on the Strategies + Tactics to grow your group / DSO, while Dr. Cooper discussed the leadership qualities necessary to build a group. We had the pleasure of presenting to over 200 industry professionals over the course of 4 hours – it was a remarkable morning.

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Tags: Company News

On The Roam: The McGuireWoods Healthcare Private Equity Conference Part 2

Posted by Diwakar Sinha on Mar 14, 2017 4:44:05 PM

Two weeks ago, my partner Perrin DesPortes and I spent most of the week in Chicago at the McGuireWoods Healthcare Private Equity Conference where we were honored to be a “Featured Company.”  For those who might not be familiar, McGuireWoods is a 180 year-old, international law firm covering numerous sectors of the economy and are recognized as one of the preeminent firms in the DSO space.  This conference was very well attended as it was their 14th time putting it on. 

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Tags: Company News

On The Roam: The McGuireWoods Healthcare Private Equity Conference Part 1

Posted by Perrin DesPortes on Mar 7, 2017 2:39:36 PM

Last week my Partner, Diwakar Sinha, and I spent most of the week in warm and sunny Chicago at the McGuireWoods Healthcare Private Equity Conference where we were honored to be a “Featured Company.”  For those who might not be familiar, McGuireWoods is a 180 year-old, international law firm covering numerous sectors of the economy and are recognized as one of the preeminent firms in the DSO space.  This conference was very well attended as it was their 14th time putting it on. 

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Tags: Company News

TUSK Partners

We help you START, GROW and SELL your Group Dental Practice or DSO.

TUSK provides Industry-Leading Resources to Group Dental Practices and DSOs, such as:

  • Full Day Deep Dive
  • "2nd Stage" Financing
  • Modular & Strategic Consulting Services
  • Exit Strategy

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