ADA News

Matsco, the only practice financing company endorsed by ADA Business Resources, has a host of planning resources to help prepare new dentists for the first steps in their careers.

"It's an exciting time to be a dental school graduate, but it can also be confusing," said Alison Farey, Matsco president. "Some dentists feel there are limited options for new graduates, so we created a library of resources to help them sort through their goals and help them plan for their future."

The complimentary resources can be downloaded at www.matsco.com/new-dentist and include:

• New Dentist Planner is a career planning guide that helps new dentists define goals, evaluate options and also includes a quiz to decide whether practice acquisition or start-up is the best choice for their needs and personality. The brochure also explains the two critical factors that affect a dentist’s financial profile—personal debt and credit score—and how important a healthy financial profile is to helping dentists reach their goals.
• Business Plan Template is for any dentist considering practice acquisition or start-up. The plan is designed to show lenders the plan in store to build and grow a new practice and repay debt.
• Ensuring a Healthy Credit Profile in 10 Easy Steps is an easy-to-read article to help dentists who have significant debt start planning for a future practice acquisition. The article helps illuminate the ins and outs of healthy credit and shows how building a financial profile is the first key step.
• Strategies for Success Library offers a wide array of articles on topics ranging from leadership to dental office design, taxes and more. New dentists can also sign up to be notified when new articles are posted.
• Financial Calculators can help dentists who are considering buying new equipment and want to know their year-end tax implications and how to calculate their estimated monthly loan payment based on a total loan amount and term.

For more information, ADA Members can call 1-888-937-2321 or visit www.matsco.com/dentists.

Members can also visit the ADA's New Dentist resource section at www.ada.org/3194.aspx.