Vancouver Dental Practice

Vancouver Dental Practice

Business

The practice opened its doors in March 2016, in a competitive and saturated market. It is located inside a shopping strip, along a main commercial corridor in the desirable eastern section of Vancouver, Washington. The parking lot is shared with a bank, small businesses, an anchor retailer and a fast food restaurant.

The office participates with many insurances, including Washington Medicaid. The demand for our services has grown so much that they are limiting Medicaid patient acceptance to children and adolescents only, in the near future. Currently Medicaid patients comprise about 65% of the patient pool.

The types of treatment performed: restorative and cosmetic dentistry, endodontics (including molar endo and some retreatment), oral surgery (including some 3 rd molar extractions), fixed prosthodontics and pediatric dentistry (including working with an anesthesiologist to treat children under general anesthesia once per month). The practice currently refers out orthodontics and implants, and is referring out removable prosthodontics to a local denturist in exchange for extraction patients.

Equipment and Facility

The office occupies 2,000 square feet in the corner lot of a 1-story shopping strip. The space was newly renovated in January and February 2016, prior to the practice opening its doors.

The office equipment is new and state-of- the-art. There are 4 equipped operatories, and 1 extra operatory which has yet to be equipped. Two of the operatories are designated “hygiene/overflow” and two operatories are designated “dental.” The hygiene chairs are Marus chairs with leather upholstery. The dental chairs are Adec 511 chairs with ultraleather upholstery. W&H brand high speed and slow speed handpieces are electronically driven and have fiber optics. Overhead track lights are Pelton & Crane “Helios” halogen lights. Cabinetry is made by Sirona.

The office is “paperless” and uses Patterson EagleSoft for administrative and clinical records. Digital radiography is used: a Sirona panoramic machine (which has cephalometric capability) is located in its own cubicle, and Schick intraoral sensors are used along with a portable Nomad. A Schick intraoral camera is present. Radiographs, as well as any educational or entertainment videos, are demonstrated to patients on flat screen monitors mounted on the walls.

Production/Collections

2016 (1st year in practice, 8 months of operation):

Production: $259,000

Collection: $182,000

2017 (through July 21, 2017):

Production: $400,000

Collection: $328,000