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USE THE FLOWCHART TO FIND YOUR SITUATION

While every practice situation is unique, we find that most practice situations fall into one of six categories.  Use the flowchart below to determine which scenario fits your situation:

Flowchart V3

Which Scenario Describes Your Situation?

Examine the scenarios on the right, and click on the scenario that best fits your practice situation.

#1 - STARTUP PRACTICE: NO SPECIFIC LOCATION

You want to startup a dental practice, but don’t have a specific practice location to evaluate yet.  You may have a general idea of what area of the country you’d like to practice, but need help narrowing down your options to the best places to practice.

#4 - EXISTING PRACTICE - MY PRACTICE IS STAGNANT/NOT GROWING

You own a practice, but you feel that your practice is not meeting your goals, is struggling, or is stagnant.  You need help to figure out if your practice location is holding you back, and possibly whether a practice move would be wise.

#2 - STARTUP PRACTICE - SPECIFIC PRACTICE LOCATION(S)

You want to startup a dental practice, but unlike scenario #1, you have found one (or more) specific practice locations.  However, you need to evaluate the location to see if the competition and demographics are favorable for a startup.

#5 - EXISTING PRACTICE - MARKETING ISSUES

You own a practice, but you are not happy with your current marketing spend vs. return on investment (ROI).  You want to target neighborhoods or understand your market segments better so you can improve your marketing ROI.

#3 - PRACTICE PURCHASE - DUE DILIGENCE

You want to purchase a practice instead of starting up a practice, and have found a specific practice you like.  However, you want to make sure you’re making a wise decision before beginning the acquisition process.

#6 - OTHER - NOT SURE WHERE TO START

You read scenarios #1-5 and thought, “I don’t fit into any of these scenarios”. Perhaps you feel overwhelmed with the options available, and don’t know where to start. You would like personalized help to understand what steps you should take.

SCENARIO #1 - STARTUP PRACTICE: NO SPECIFIC LOCATION

You want to startup a dental practice, but don’t have a specific practice location to evaluate yet.

You may have a general idea of what area of the country you’d like to practice, but need help narrowing down your options to the best places to practice.

STEP #1:

Find the best areas with the least competition
within a chosen drive time.

Recommended report:  Location Search/Underserved Areas Report

STEP #2:

Discuss data with REALscore and pick your top 1-5 areas
for detailed demographics analysis.

Recommended report:  Consulting Call (free w/report)

STEP #3:

Conduct detailed demographics analysis
for each of the top options.

Recommended report:  Comprehensive Demographic Report

STEP #4:

Discuss demographic data with REALscore and
choose the best area.

Recommended report:  Consulting Call (free w/report)

STEP #5:

Work with local experts to identify properties in the
best area to buy, lease or build.

Recommended report:  N/A

SCENARIO #2 - STARTUP PRACTICE: SPECIFIC PRACTICE LOCATION(S)

You want to startup a dental practice, but unlike scenario #1, you have found one (or more) specific practice locations.

However, you need to evaluate the location to see if the competition and demographics are favorable for a startup.

STEP #1:

Evaluate competition for
each practice location.

Recommended report:  Practitioner to Population Report

STEP #2:

Evaluate demographics for
each practice location.

Recommended report:  Comprehensive Demographic Report

STEP #3 (OPTIONAL):

Use combined report instead of two separate component
reports (i.e. Step #3 instead of #1-2).

Recommended report:  Demographic & Practitioner
to Population Report

STEP #4 (OPTIONAL):

Use Location Scoring to evaluate building property
factors such as visibility, signage, parking, etc.

Recommended report:  REALscore Location Score Report

STEP #5:

Discuss data with REALscore and either confirm
location or go to Scenario #1 or #6.

Recommended report:  Consulting Call (free w/report)

SCENARIO #3 - PRACTICE PURCHASE: DUE DILIGENCE

You want to purchase a practice instead of starting up a practice, and have found a specific practice you like.

However, you want to make sure you’re making a wise decision before beginning the acquisition process.

STEP #1:

Evaluate practice location for competition and demographics
to get baseline of market.

Recommended report:  Demographic & Practitioner to
Population Report

STEP #2 (OPTIONAL):

Evaluate patient database to determine drive time dispersion
of existing patients and likelihood of retaining goodwill.

Recommended report:  Existing Patient Drive Time Analysis Report

STEP #3 (OPTIONAL):

Perform Location Search to determine if underserved pockets
exist for potential practice move or additional office.

Recommended report:  Location Search/Underserved Areas Report

STEP #4 (OPTIONAL):

Use Location Scoring to evaluate building property
factors such as visibility, signage, parking, etc.

Recommended report:  REALscore Location Score Report

STEP #5 (OPTIONAL):

If additional data needed, perform live screen sharing
via consulting call to acquire data.

Recommended report:  1-Hour Online Screen Sharing/Consulting Call

STEP #6:

Discuss data and either confirm location and negotiate
purchase price based on Step #1-5 data, or go to Scenario #1 or #6.

Recommended report:  Consulting Call (free w/report)

SCENARIO #4 - EXISTING PRACTICE: MY PRACTICE IS STAGNANT/NOT GROWING

You own a practice, but you feel that your practice is not meeting your goals, is struggling, or is stagnant.

You need help to figure out if your practice location is holding you back, and possibly whether a practice move would be wise.

STEP #1:

Evaluate practice location for competition and demographics
to get baseline of market.

Recommended report:  Demographic & Practitioner to
Population Report

STEP #2 (OPTIONAL):

Perform Location Search to determine if underserved pockets
exist for potential practice move or additional office.

Recommended report:  Location Search/Underserved Areas Report

STEP #3 (OPTIONAL):

Evaluate patient database to determine drive time dispersion
of existing patients and impact on practice growth.

Recommended report:  Existing Patient Drive Time Analysis Report

STEP #4 (OPTIONAL):

Use Location Scoring to evaluate building property
factors such as visibility, signage, parking, etc.

Recommended report:  REALscore Location Score Report

STEP #5 (OPTIONAL):

If additional data needed, perform live screen sharing
via consulting call to acquire data.

Recommended report:  1-Hour Online Screen Sharing/Consulting Call

STEP #6:

Discuss data from reports with your local experts to
determine Location Strategy.

Recommended report:  Consulting Call (free w/report)

SCENARIO #5 - EXISTING PRACTICE: MARKETING ISSUES

You own a practice, but you are not happy with your current marketing spend vs. return on investment (ROI).

You want to target neighborhoods or understand your market segments better so you can improve your marketing ROI.

STEP #1:

Evaluate practice market to find top neighborhoods or areas for marketing based on target demographics/drive time criteria.

Recommended report:  New Patient Neighborhood Analysis Report

STEP #2:

Evaluate practice location for competition and
demographics to get market baseline.

Recommended report:  Demographic & Practitioner to
Population Report

STEP #3 (OPTIONAL):

Evaluate patient database to determine drive time dispersion
of existing patients and impact on marketing strategy.

Recommended report:  Existing Patient Drive Time Analysis Report

STEP #4 (OPTIONAL):

If additional data needed, perform live screen sharing
via consulting call to acquire data.

Recommended report:  1-Hour Online Screen Sharing/Consulting Call

STEP #5:

Discuss data with REALscore and local experts to
determine ideal marketing strategy.

Recommended report:  Consulting Call (free w/report)

SCENARIO #6 - OTHER: NOT SURE WHERE TO START

You read scenarios #1-5 and thought, “I don’t fit into any of these scenarios”. Perhaps you feel overwhelmed with the options available, and don’t know where to start.

You would like personalized help to understand what steps you should take.

STEP #1:

Discuss situation with REALscore and perform live screen sharing via consulting to get started and acquire data.

Recommended report:  1-Hour Online Screen Sharing/Consulting Call