An alternate practice sale/retirement arrangement. A way out.
Eventually every orthodontist will leave his practice because of illness, death, or retirement. Two widely used methods to accomplish this separation are described. They are "sale of the practice" or "integrating an associate into the practice." This "alternate arrangement" provides that the outgoing orthodontist complete his own cases. The new man gradually, but rapidly, assumes control; the senior man relinquishes control and responsibility. Immediate income is provided for the incoming orthodontist, continuing income for the outgoing orthodontist. The psychologic needs of both individuals are thoroughly addressed.
Parker
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D007182:Income; D009970:Orthodontics / Q000191:economics*; D011215:Practice Management, Dental / Q000191:economics*; D011364:Professional Practice / Q000191:economics*; D012179:Retirement