Dentists in India
If you follow dental news or you happen to be interested in dentistry in India you may have come across articles on the subject of the number of dentists in India. The Dental Council of India has recently appealed to ministers to prevent the opening of new dental colleges in some states. The number of graduates is increasing year on year and more and more graduate dentists are struggling to find a job.
According to the World Health Organisation, the recommended ratio of dentists to patients should be 1:7500, but in some areas of India, including Maharashtra, the ration has dropped to 1:5000 and there are not enough jobs to go round for newly qualified dentists. In the state alone, there are 35 dental collages, producing 3000 new dentists every year.
A graduate dentist who qualified recently said that a decade ago there was a huge amount of prestige attached to being a dentist, but there are now so many dentists and clinics on every corner that there is little job security. He has decided to take a different career path and has since trained in hospital management. There have also been many stories of graduate dentists taking up part-time and short contract jobs to earn money because they cannot find a job in dentistry.
Standards of oral health in India
Standards of oral health are improving in India thanks to better access to dental services and increased awareness of oral health issues and oral hygiene; however, there is still a long way to go. Oral health problems are very common and in more remote areas, access to dental care remains an issue and awareness of oral health issues is still low.
According to a survey carried out by IMRB in 2010, almost half of people do not own a toothbrush and only 28 per cent of those surveyed said that they brushed their teeth twice a day. The survey also revealed that 34 per cent of people believed that brushing their teeth once a day was sufficient for good oral health and 56 per cent of people thought that it was fine to never change your toothbrush. 65 per cent of people also believed that their diet had no impact on their oral health.
Dental facilities in India
India, like many countries, is advancing all the time and the range of treatments on offer to patients is increasing every year. There are many new clinics, many of which boast state of the art facilities and offer the latest innovations in the dental world and dental tourism has become an increasingly valuable industry. You can even find the latest invisible braces.
Dental tourism involves people travelling overseas for treatment. India is a popular option for tourists from Australia and New Zealand, the Middle East and Europe because it has some excellent clinics and the prices are considerably lower than those quoted in other countries. The main cities for dental tourism include Mumbai and Delhi where people can look to pick up all manner of treatments, from fillings and implants to braces such as the Inman Aligner.
Showing posts with label dental practice. Show all posts
Showing posts with label dental practice. Show all posts
Thursday, April 11, 2013
Thursday, October 11, 2012
How could you improve your dental practice consulting?
Most of the dentists practice to craft most of their time and for grand majority of the dentists, they come up to setting up their own clinic. But, there are several dentists who get their residencies in big hospitals and they just sign up for the major clinics. Running the show will not likely to be the part of the contract even if they are working as a senior staff or a partner. Thus, if they have been running their own business they are not able to give enough time towards their practice or they take early retirement to continue that for the selling purposes. They must have good intentions to continue with the contract and thus they make sure that there will not get off the ground while they put it on the sale. In this article, we are going to suggest some few tips on how they can either improve their business quality while they put it on sale
Improve your production quality: Before the actual retirement, the doctors sometimes start to slow down their business and thus in an exponential decline in profit and practice value as well. Thus, if you have improved historic value and growth rate then its fine otherwise you need to maintain it until the sale or practice closes.
Maintain Financial Records: Most of the practices involve the real value of the profit/loss statements that the dentists most of the time fails to recuperate the practice overhead and profit picture. He can ask his accountant for the related expenses to determine actual overhead and expenses benefiting him. If you own two practices, avoid a co-mingled tax return or financial statement.
Upgrade your office equipments: If the dentists upgrade their office equipments in a proper manner then they can easily sell if they feel retired from the practice. The purchasers always look for the modern equipments and thus if the dentist have an outdated equipment then he can replace it with the modern equipment. He must be aware of substantial replacement of the equipment just for the purpose of selling the practice. This rarely warrants the investment.
Call attention to fee-for-service: The vendors always look for the free for service component of practice income and thus dentist are supposed to carefully evaluate insurance plans they are participating in and those plans must be transferred dental practice consulting to another provider following a sale.
Cash flow analysis: To generate enough cash flow to make payments, the complete value of the practice cannot exceed the ability. These should not be required on the debt to obtain the practice to provide a reasonable profit to the purchasing dentist. The owner practice that include deductions for expenses are not necessarily related to the operation of the practice, but which were paid out on behalf of the selling dentist.
Expenditures in line: Maintain all the expenditures in line and also collect the fees on time at that time. You can get many resources to report treatment fees by percentile for a given zip code Fees if you will get your fees in line can then it can add practice value if instituted soon enough.
Author Bio: Anna is a person with a passion for writing. She has written many articles on various topics , for more information you can check her other blogs.
By Anna Cleanthous
Improve your production quality: Before the actual retirement, the doctors sometimes start to slow down their business and thus in an exponential decline in profit and practice value as well. Thus, if you have improved historic value and growth rate then its fine otherwise you need to maintain it until the sale or practice closes.
Maintain Financial Records: Most of the practices involve the real value of the profit/loss statements that the dentists most of the time fails to recuperate the practice overhead and profit picture. He can ask his accountant for the related expenses to determine actual overhead and expenses benefiting him. If you own two practices, avoid a co-mingled tax return or financial statement.
Upgrade your office equipments: If the dentists upgrade their office equipments in a proper manner then they can easily sell if they feel retired from the practice. The purchasers always look for the modern equipments and thus if the dentist have an outdated equipment then he can replace it with the modern equipment. He must be aware of substantial replacement of the equipment just for the purpose of selling the practice. This rarely warrants the investment.
Call attention to fee-for-service: The vendors always look for the free for service component of practice income and thus dentist are supposed to carefully evaluate insurance plans they are participating in and those plans must be transferred dental practice consulting to another provider following a sale.
Cash flow analysis: To generate enough cash flow to make payments, the complete value of the practice cannot exceed the ability. These should not be required on the debt to obtain the practice to provide a reasonable profit to the purchasing dentist. The owner practice that include deductions for expenses are not necessarily related to the operation of the practice, but which were paid out on behalf of the selling dentist.
Expenditures in line: Maintain all the expenditures in line and also collect the fees on time at that time. You can get many resources to report treatment fees by percentile for a given zip code Fees if you will get your fees in line can then it can add practice value if instituted soon enough.
Author Bio: Anna is a person with a passion for writing. She has written many articles on various topics , for more information you can check her other blogs.
By Anna Cleanthous
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