- Joined
- Apr 13, 2020
- Messages
- 533
- Reaction score
- 650
This chain was heavily recruiting me after I was fired from the previous DMO. After my firing, I was sick of corporate dentistry and almost bought a 1.2 mil practice. I was too blinded (again from another post) to see my wife's negative reaction. She didn't want the risk of failure and added stress so she rather we live modestly. So I got my $20k bonus and signed up. There are a lot of details with this place.
$20k equals $10.4k after tax. If you decide to leave in a month, you have to return pro-rated 11/12 mos of that full $20k...a lot of it out of your pocket. I'm not sure about the numbers when you file taxes to try to retrieve that money. I left after 8 mos and they haven't come after me for that remaining bonus.
There are reasons why dentists don't last longer than 6 mos there. Any nightmare stories you can think of may apply to many of their locations. I was top dog at the DMO before they fired me...I will post at a later time...and had too much confidence that I can make it work. It wasn't worth the stress. I don't know the full details of owning these franchises other than their purchasing price is too expensive because you are buying into their marketing and you have to follow their model. My CPA friend gave me a dirty look suggesting that only a fool would consider it. The previous owner sold it back to corporate because she was losing money.
After 19 years of not doing any dentures, I got efficient and profitable with them. I learned from a combination of different dentists' and technicians' advice. I would like to post my way but I want a prosthodontist to review it before doing that.
Production is shared...sometimes the denture technician or hyg may get paid more than you because of the number of dentures, SRP and Arrestin placed. Yes the hyg has incentive to do more SRPs and Arrestin. That means her probing depths are usually 2 to 3 mm deeper. I had a board complaint because the patient went to another practice and they said his gums were fine. He filed against me and not the hyg.
Had the 3 best DAs I've ever worked with...not specific to the chain but to the location. One of them even followed me to my present location and we could almost make dentures by magic...see my empty hand...here's your Hollywood dentures.
They sent me to observe some of the higher producing owners. Bottom line...crown every tooth and implant every missing teeth. Dentures for the technician's new car.
You need to pay for malpractice tail coverage after you leave. For 2 years tail of only working 8 mos was $1667. That left a bitter taste.
Not sure if this happens to other locations but there are constant board complaints almost all to my predecessors but under my name. I received notice of my only one which happened my last month working there.
At least my family didn't starve, but I aged a little more than I liked.
$20k equals $10.4k after tax. If you decide to leave in a month, you have to return pro-rated 11/12 mos of that full $20k...a lot of it out of your pocket. I'm not sure about the numbers when you file taxes to try to retrieve that money. I left after 8 mos and they haven't come after me for that remaining bonus.
There are reasons why dentists don't last longer than 6 mos there. Any nightmare stories you can think of may apply to many of their locations. I was top dog at the DMO before they fired me...I will post at a later time...and had too much confidence that I can make it work. It wasn't worth the stress. I don't know the full details of owning these franchises other than their purchasing price is too expensive because you are buying into their marketing and you have to follow their model. My CPA friend gave me a dirty look suggesting that only a fool would consider it. The previous owner sold it back to corporate because she was losing money.
After 19 years of not doing any dentures, I got efficient and profitable with them. I learned from a combination of different dentists' and technicians' advice. I would like to post my way but I want a prosthodontist to review it before doing that.
Production is shared...sometimes the denture technician or hyg may get paid more than you because of the number of dentures, SRP and Arrestin placed. Yes the hyg has incentive to do more SRPs and Arrestin. That means her probing depths are usually 2 to 3 mm deeper. I had a board complaint because the patient went to another practice and they said his gums were fine. He filed against me and not the hyg.
Had the 3 best DAs I've ever worked with...not specific to the chain but to the location. One of them even followed me to my present location and we could almost make dentures by magic...see my empty hand...here's your Hollywood dentures.
They sent me to observe some of the higher producing owners. Bottom line...crown every tooth and implant every missing teeth. Dentures for the technician's new car.
You need to pay for malpractice tail coverage after you leave. For 2 years tail of only working 8 mos was $1667. That left a bitter taste.
Not sure if this happens to other locations but there are constant board complaints almost all to my predecessors but under my name. I received notice of my only one which happened my last month working there.
At least my family didn't starve, but I aged a little more than I liked.
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