Starting a oral surgery practice takes a significant amount of time to plan, organize, and implement. The fact is that specialists are skilled at what they were trained to do: surgery. There aren’t many who have experience with starting a new business. One would not trust a new student to perform complex surgery on a family member. Similarly, one should not attempt to undertake a new oral surgery practice without professional advice in accounting, finance & law.
At OMS Partners, we are the link for oral surgeons who aspire to begin their own practice. We know the ins and outs of what it takes to launch a business successfully, from the location of the practice itself to the marketing strategies, entity establishment, employee training, and more. Our professionals will coordinate every aspect of the project with the highest level of detail to ensure the practice is positioned to have a successful beginning.
Why Start an Oral Surgery Practice Instead of Buying an Existing One?
Whether you are just beginning your career or are ready to venture out on your own, there are numerous benefits to starting an oral surgery practice that is all yours:
- You are in control. You get to make all of the decisions and create the practice you have always envisioned. There is no compromising on issues that are important to you. You are your own boss.
- You choose the location. In the city? The suburbs? Standalone? Part of a complex? You choose where you establish your practice.
- You create the environment. From the colors and layout to the furniture and equipment, you build your practice to fit your vision and the type of environment and service you want to provide.
- You build your own reputation. You are not following in anyone’s footsteps. You get to grow your own patient base and develop a name for yourself through your own hard work.
I knew that I was ready to see patients when I finished my training. I didn’t know how to run the practice. I was immediately struck by the complexities involved in managing a busy oral surgery practice.
Services we offer To help you Effectively Start An Oral Surgery Practice
Oral surgeons don’t have to be alone when starting a practice. Our comprehensive services include:
Basic Business Planning.
Oral surgeons don’t need a business degree to start their own practice. Our business planning services include helping surgeons establish a legal entity, researching the most optimal locations to set up the practice, acquiring financing, bookkeeping, credentialing, preparing a five-year financial pro forma, and more. While these services may seem basic, they are very time-consuming and require skilled experience to do correctly. Our professionals can take a concept and turn it into a reality.
Once a location is chosen for the new practice, we will work with architects to design the office space. We will work with the business owner to understand their specific desires and make our suggestions to ensure maximum workflow efficiency. The latest technology is incorporated with every practice we plan so that businesses can operate smoothly and optimal experiences can be provided to patients.
Communication With Contractors
We work with contractors, so the business owner doesn’t have to. The communication process is streamlined, so all a business owner has to do is talk to us, and we will relay the information to contractors. From the management of the construction itself, funding, installation of equipment, and more, we are in constant contact with contractors to ensure timing requirements and all expectations are met.
Installation Of Equipment, Furniture and More
One of the most exciting parts of starting an oral surgery practice is getting to select new furniture, equipment, and services. However, some surgeons don’t see this as being exciting at all. In either situation, our team will coordinate all the furnishings needed for patients and staff, including any specialized equipment and services. Everything needed for smooth day-to-day business operations is taken into consideration.
A major component of successfully starting an oral surgery practice is having the right personnel in place. With our recruiting services, we can help attract the top talent in the area to get the practice started the right way. We will be involved as little as or as much as the business owner would like us to be when it comes to recruiting staff.
Human Resource Services
Employees want to have the best possible health insurance and other benefits, and we are committed to helping secure them. One thing many oral surgeons starting a practice find out is how difficult it is to put together an attractive benefits package while staying within a budget. We will keep the budget in mind as we put together the optimal human resource services for your new oral surgery practice.
We won’t stop helping once the business has been established. Our extensive training program ensures all employees understand the equipment and services so there won’t be a bumpy start.
Every great business has an effective marketing strategy. While the OMS market is slowly changing to a “direct to consumer” approach, for the time being, it is still overwhelmingly referral based. We help you to implement a referral marketing program to get your and your practice name recognized in the community. We will also advise and work with qualified third parties in regards to SEO, SEM, and other related online topics.
We are always available to provide mentoring services from other professionals in our network. Starting an oral surgey practice is going to come with bumps in the road, but new business owners can feel confident knowing a mentor is always by their side.
Frequently Asked Questions
What Should I Look for in Hiring New Staff?
There are several considerations you should take into account when hiring new staff.
- Do they fit your approach to management?
- Does their resume indicate an air of professionalism and attention to detail?
- Do they have relevant experience?
Take these values and others, and create a precise job description that encapsulates the ideal candidate. This will help you stay rooted and serve as a clear benchmark for potential candidates to meet.
Remember that you can teach technical skills, but soft skills like personality, perspective, mindset, and temperament are harder to impart. You want to work with staff who understand your mission and brand while also having the required relevant experience to support your practice. They should be trustworthy and friendly employees who ensure positive patient interactions.
Should I Look for Partners When Starting a Brand-New Oral Surgery Practice?
This depends on your personal goals for your practice. For example, if you have ambitious goals requiring a more-hands-on-deck approach, practice partners may be a suitable avenue to help you reach those goals.
Ideally, a practice partnership is a long-term arrangement. Because of this, you should consider whether your business and professional philosophies are compatible with your potential partner’s. You both need to be like-minded about important practice considerations such as office culture, potential investments, and how to use business finances.
OMS Partners can support you through this process by helping you do due diligence to review all documents provided by the potential business partner. This can include financial statements, personnel records, financial records, marketing programs, and important contracts.
Is It Better to Convert an Existing Office Space into an Oral Surgery Practice or to Build a New Building?
This depends on what you want to achieve and your available financing. Some of the benefits of building a brand-new dental practice include the following:
- The ability to design the layout according to your goals and needs
- Not needing to get prior approval from a leasing landlord before making changes or renovations to the building
- The potential of adding on to the practice later in the event you decide to add a specialty<
- Implementing brand-new technological advancements rather than upgrading tech from the old practice
Despite the benefits of building a new practice, it will require a larger upfront investment. Additionally, you must wait for contractors to finish the build to finish and inspect it before you can open. When buying and converting office space, the investment is lower, and you can open much sooner.
OMS Partners can help you determine which option will help you meet your goals while staying on track with both your budget and your timeline.
Work With OMS Partners Today
Launching your own oral surgery practice does not have to be difficult when you have the support of OMS Partners, LLC. If you’ve been thinking about starting an oral surgery practice and don’t know where to begin, then call us at (713) 961-2723. You can also use our online form. OMS Partners, LLC is eager to help you build a successful, profitable practice and a place where your patients will feel comfortable.