The Masserano Practice Lifecycle
Our services are for dentists that are starting or expanding their dental practices. Offered on a full project basis, our packages are created to suit all the needs anticipated to arise in these startup and expansion project scenarios.
Our Practice Process
Pre-Planning
Our dental practice startup service package begins with preliminary budgeting and financial pre-qualification, something we assist and guide clients through step by step.
Then as financial wherewithal and startup parameters are determined, projects proceed with market and demographic research, leading to site finding and real estate negotiation.
Most often these services are provided byAlign Healthcare Real Estate, a highly capable real estate agency specializing in working with dentists in our coverage area of NY, NJ, CT and PA. In other areas, appropriate real estate agents with local market knowledge are vetted and sourced to help find locations. Regardless of the real estate team involved on our projects, all efforts are closely guided by our team.
Pre-Planning Stage encompasses the following services:
- Budgeting, Cost Estimation, Progress Tracking
- Negotiation & Implementation of Financing
- Conducting Comprehensive Market Research
- Guiding Site Selection Process
- Lease & Purchase Strategy Development
- Conducting Site Surveys and documenting existing conditions
- Creating Interior Architecture and Designs
Project Execution & Management
The real estate services on our projects are integrated with our project management and design services, a key factor in optimizing the negotiations for real estate.
Site surveys are conducted to confirm all existing site conditions and measurements. Drawings may immediately begin by our in-house design team as needed to communicate details and needs in the real estate negotiation, and illustrating these things early in the negotiation process provides a better outcome that has less risk to our clients.
Project Execution & Management Stage Includes:
- Coordinating construction drawings with design and permit documents
- Managing construction bidding and negotiation of agreements
- Managing project cash flow and interacting with funding sources
- Identifying and engaging appropriate professional resources
- Establishing operational resources for tasks
- Sourcing contractors and vendors
- Coordinating vendor installations
- Managing zoning and building permit processes
- Site visits at crucial checkpoints
Practice Launch
Setting up professional support team, financing, insurance, cpa, attorney, financial advisor, marketing, patient insurance credentialing and contracting, HIPAA and OSHA training, technology systems In preparation for practice launch, MPDD coordinates the following tasks:
- Managing project and startup processes, internal communications
- Coordination of Moves, relocation, phased expansions planning & implementation with emphasis on minimal downtime
- Providing guidance on arranging necessary insurances for construction, real estate, financing, and practice operations
Practice Review & Follow-ups
Conducting annual review meetings post practice opening to assess lease status, review insurance coverage, and identify helpful new resources and growth opportunities.
Practice Expansions
Many of our clients have considered the possibility of practice expansion and relocation as part of their initial business strategy and are already positioned to easily consider the current terms of their business and create the plan for either expanding or relocating rather easily and without much hassle. Often, our clients have already placed themselves in a position where there is an open adjacent space that they can expand into. In some cases, though, the practice outpaces its earlier project success or there are additional factors such as:
- Expanding into new service offerings
- Considering purchasing your office space
- Expanding into a new property type such as a retail
- Interested in targeting a new demographic area
Practice Transition Planning
In conjunction with the professional resources put in place for our clients and our Align Healthcare Practices Team, we assist our clients in preparing and positioning their practice investments for their eventual sale. Navigate your dental practice transition journey with confidence and clarity through our expert transition planning services, designed to streamline the process and optimize outcome for both buyers and sellers based on your unique needs.
Practice Transitions Brokerage
Our Align Healthcare Practices Team assists our clients with their transition strategy, from evaluations, to marketing practices for sale, or discreetly finding buyers to ensuring smooth transactions. In many cases, our clients that are looking to startup practices may also be candidates to acquire the practices of our clients who are transitioning into retirement or selling practices.
Our Service Partners
