Offer Assessment
You’ve had the interview and the practice makes an offer. Now what do you do? Is it a good offer, great offer, or a time bomb ready to blow up in your face? Maybe you are trying to choose between more than one offer. Perhaps you are trying to determine whether you should take the first job you’ve been offered.
Before you accept an offer, you need to be able to answer the following questions:
- Will you be paid a percentage of collections or production?
- What is included in these numbers?
- Would most of your patients be Fee-for-Service, PPO, Traditional Insurance, Medicaid, HMO?
- Will you have a full schedule from day one or will there be a ramp-up period?
- Is there a guarantee? (Hourly, Daily, Weekly, Monthly)
- What is the restrictive covenant? What is a reasonable distance?
- How much notice needs to be given if things don’t work out?
- Is there a clear documented path to practice partnership or ownership?
- What are the practices fees?
Is it better to make less during the first year in a practice that you could own in two years or make more in a practice where you will always be an employee?
Would it be smarter to accept an offer near my friends and my Dental school making a salary of $8,000 a month or move 50 minutes away and make between $150,000 and $200,000 my first year?
News/Insights
Offers/Contracts/Compensation
Salary Negotiations for Dentists
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The Contract Series: Part 3 – Before You Sign
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Offers/Contracts/Compensation
The Contract Series: Part 2 – Reviewing the Terms
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Offers/Contracts/Compensation
The Contract Series: Part 1 – Preparing For Negotiations
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How to Turn Down a Job Offer Professionally
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Offers/Contracts/Compensation
Associate Contracts: What to Look For in Your Next Contract
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A manila envelope appears on your desk with your new contract. It’s all there in black and white—the terms, salary, perks, and expectations. While an employment contract ...
Offers/Contracts/Compensation
Base Salary vs Actual Compensation
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Not all salaries are created equal. All too often, we find that job seekers will overlook a potentially rewarding opportunity solely because the base salary offered is lower t...
Offers/Contracts/Compensation
What to Do When an Associate Doesn’t Want to Renew Their Contract
Aug 20, 2019
Maybe the contract renewal has been with the associate for a while and you’re hearing radio silence. Maybe they’ve told you they have no interest in renewing. Either way, ...
Offers/Contracts/Compensation
Are You Ready to Be a Partner?
Jun 3, 2019
There comes a time at every practice when taking on an additional partner makes good business sense. Partners, unlike associates, are part owners of a practice. Practice owner...
Offers/Contracts/Compensation
Do’s, Don’ts and Red Flags of Contract Negotiations
Mar 29, 2019
Spring is in the air, and we are approaching the season of contract negotiations. A pool of fresh-faced graduates means dental positions around the nation will soon be in flu...