EBITDA for Doctors and Dentists
Updated: Oct 25, 2019
EBITDA is one of those "smart" words thrown around word by managed service organizations (MSO) and dental service organizations (DSO) members looking to buy your practice. EBITDA stands for ...
Earnings Before Interest Taxes Depreciation & Amortization
I have been more interested in having the profit and loss mirror cash flow than, EBITDA, because it is easier to explain to providers. However, when working with private equity companies, I learned a hard lesson that bankers care about EBITDA and there is no changing it! The private equity companies use the entity, some of their investment cash, and the cash flow from operations to qualify for substantial bank financing. The point is, since the bank has the gold, they make the rules, so what do you do?
First make sure that all "personal" spend doesn't run through your operational profit and loss statement. Also make sure that all equipment over $500 is sent to the balance sheet and depreciated. Your goal in all this should be for a 15-20% EBITDA. Below is a generic example that might change for your specific specialty.
If you have questions on how this model applies to your practice or you are interested in an annual assessment or one of our other programs, please reach out to us as email@example.com.
Developing a management report is not easy and Doctors CFO currently has a robust model for most practice types that is customized for our monthly and bi-monthly clients. If you have questions on how this model applies to your practice or you are interested in applying the Doctors CFO model in your practice, via one of our annual, bi-monthly or monthly assessments, please reach out to us as firstname.lastname@example.org.Doctors CFO provides financial analysis and valuations for doctors and dentists in the United States. We also offer programs for new patient marketing, revenue and collection management, medical practice consultant, dental consultant, and practice analysis.
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