General Practice with Medicaid!

Garland - General - Listing #1904


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Established in 2011, this well-established Garland practice with great visibility is located near a major thoroughfare. This 2100 square feet practice is well equipped with four operatories, plus two additional operatories that are plumbed but not equipped. The practice also has two wall mounted x-rays, 1 mobile x-ray, a CS8100 Pano, an intraoral camera, and nitrous.

The payment breakdown in the practice is 35% PPO,25% FFS, and 30% Medicaid with 2023 collections on track to reach $425,000. The practice has a total active patient count over the last eighteen months of 1,278 and averages 30 new patients per month.

This practice has a 4.9 Star Google rating and is well-known in the community for providing quality dentistry services and trusting relationships with patients. A new and energetic buyer could take this practice to greater heights by adding another work-day and bringing in more difficult procedures to take advantage of the two extra operatories that are plumbed and ready to be equipped!



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PRACTICE HISTORY

Year Practice Was Established in Current Area: 2011
Year Practice Was Established in Current Location: 2011
Seller Purchased Practice: No
Has There Been Partner in the Practice the Past Three Years: Yes
Has There Been an Associate in the Practice the Past Three Years: Yes
Average Number of Days Doctors Work per Week: 4.0

PATIENT BASE

Approximate total active patients: 1278 (past 18 months)
Approximate total active patients on hygiene recall: 638
(past 18 months)

Average number of new patients per month: 30
Approximate percentage of practice income breakdown:
FFS and Cash: 25%
PPO: 35%
Medicaid: 30%

LEASE INFORMATION

Current Monthly Lease Rate: $2,363
Lease Expires on: 2026
Lease Assignable: Yes
Options to Renew: Yes

PRODUCTION BREAKDOWN

Diagnostic: 21%
Preventive: 12%
Restorative: 19%
Endodontics: 3%
Periodontics: 16%
Prosthodontics, removable: 5%
Prosthodontics, fixed: 14%
Oral Surgery: 9%
Orthodontics: 1%

COLLECTIONS

Gross Annual Collections for 2022: $423,951
Gross Annual Collections for 2021: $483,073
Gross Annual Collections for 2020: $456,574

FACILITY

Total Number of Equipped Operatories: 4
Operatories Equipped for Dentist: 4
Additional Operatories Plumbed but not Equipped: 2
Facility Space (sq ft): 2,100
Facility Expandable: Yes
Type of Building: Shopping Center Complex
Practice Shares Space with Another Practice: No
Facility is Owned by Seller: No
Facility is Available for Purchase: No

EQUIPMENT

Average Age of Equipment: 6
Practice Software: Open Dental
Level of Computerization: Each Operatory & Front Desk
Panorex: Yes
Intraoral Camera: Yes
Laser: No
Cerec: No
Nitrous Oxide: Portable Unit


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