Making a Dental Equipment Purchase | Dental Advice

Dental Speaker

dental consulting

The fact that your dental equipment will need to be replaced is inevitable. Sometimes the reason for replacement will be that newer technology has made your equipment obsolete. Purchasing new equipment is an investment that should be taken with a great deal of caution. Here are a few tips shared by our dental speaker to help you get started on making an informed and practical decision regarding your office’s equipment.

Take Your Time

Never rush into a purchase as big as that of a new equipment purchase. We strongly suggest you meet with dental business coach to discuss the implications a purchase might have, particularly on your practice’s taxes. There may be an optimal time of the year to make a  purchase.

Consider Its Use

How often will you utilize this equipment? Where will it fit in your office? Carefully consider how this new piece of equipment will be used in your day-to-day operations. If you are struggling to answer these questions, it may be a sign that the new equipment is not needed immediately.

Evaluate Practice Growth

Ask yourself if investing in new equipment will allow your practice to grow. Will it expand the available services you offer your patients? Perhaps it will improve the comfort, efficiency, and amount of time it takes to treat or serve patients. When marketed effectively, these can be excellent sources for driving new patient numbers or improving loyalty among your existing patients.

Assess the Cost

You should never buy equipment if you are unsure how you will receive a return on investment from it. Consider how your pricing structure will offset the costs of the investment. Can you still be competitive in your market if you must raise costs? Your office equipment plays a central role in allowing you to deliver quality care for your patients. New technologies are constantly making the patient experience more comfortable and safe. Before you rush to purchase new equipment, it is vital that you consider how the investment will impact your business.

Fortunately, our team is here to help you make these financial decisions.For a consultation on the possible purchase of new equipment, contact our dental consultant today.

Theresa F. Narantic, Inc
Phone: (855) 929-2555

Contact Us

Dental Consultant in Illinois

Dental Consultant Blog

Illinois Dental Consultant

Converting New Patient Calls during an Economic Downturn

March 23, 2020

By Beth Gaddis A lot of people are worried these days. That’s normal. The crazy stock market. Coronavirus. Travel changes. There’s a lot going on in the world. And let’s face it: that may mean fewer people will want, or...

The Pro’s Checklist to Selling A Dental Practice|Dental Consultant

December 17, 2019

As a Dental Consultant and Business Owner for over 16 years, nothing scares me more than a dental practice without a transition plan. So, when a new client informs me they have never even thought about selling their practice and...

Dental Consultant | Windows 7 is Dying––Is your practice prepared?

November 12, 2019

If you haven’t heard by now that support for Windows 7 is ending, you’ve likely been living under a rock. But, just in case that rock has sheltered you from being aware of the dangers that loom, here’s a quick...

Team Development Strategies | Dental Consulting

May 15, 2024

In the realm of business, assembling the perfect team often feels like chasing a mirage - elusive and ever out of reach. Yet, the quest for an optimal workforce need not be fraught with indecision and stagnation. With strategic insights...

Navigating the Path to a Successful Dental Practice | Dental Office Consultant

May 1, 2024

Running a dental practice involves a constant juggle of tasks and responsibilities, often leaving little time for introspection. Yet, periodic evaluations are essential to ensure your practice is operating at its best. Just as you recommend annual check-ups for your...