Dental, Healthcare & Veterinary
SYNERGY PRACTICES

Synergy Practices manages the process of financing, finding a space, design, construction, marketing and provides and installs dental equipment from numerous manufacturers in the industry. This creates a seamless and efficient process that not only provides cost savings but also provides a piece of mind to our clients.

How to build a dental practice

Our job is to work with you and your original budget

COST MANAGEMENT

Every project boils down to cost and finances. Regardless of your budget, quality is never compromised. Initial cost estimations and detailed planning contribute to successful cost management. Both expected and unexpected costs will be taken into consideration by using risk analysis to assess potential issues which may arise along the way. Project managers are trained to identify contract cost variations and how to appropriately manage them.

COST MANAGEMENT

QUALITY MANAGEMENT

With a given project there can be anywhere from five to twenty different professionals involved. Arminco Inc.'s project managers monitor each project member to make sure they are performing at their maximum capacity to keep in line with the project budget and to make sure deadlines are being obeyed.

QUALITY MANAGEMENT

TIME MANAGEMENT

Proper planning, setting deadlines, and organization all contribute to successful time management, ultimately allowing each project to progress as planned and be deliverable by the set date. Routine meetings are scheduled during the course of the project to perform progress checks and to get site updates.

TIME MANAGEMENT

CONTRACT ADMINISTRATION

Contracts with vendors, partners, and sub-contractors are negotiated, reviewed, and finalized. Contracts will be managed for the duration of your project ensuring compliance with the terms. Any amendments made to the original contract will be documented and thus implemented accordingly.

CONTRACT ADMINISTRATION

WHAT TO EXPECT

The Correct Steps to Take to Help You Start Your Dream Dental Practice.
1
Initial Conversation/Interview

The most important step in the entire process. Having a thorough understanding of your goals is extremely important especially when it comes to starting a new business. This is the time to ask any questions and to express your vision. In turn, this allows us to assist you in the most effective way. It is equally important to understand your long term goals as it is to understand your short term goals. The information which may not seem obviously relevant will help us determine the basis of your practice and to set you up for success.

2
Finding a Space

Location! Location! Location! At some point or another, we have all heard about the importance location can have on the success of a business. Simply put, location is everything. Location is a key element for any business, and this is no different for the dental industry. Working with brokers who have a thorough understanding of the market ensures a fair price will be negotiated for your space. Understanding the market is the most important element in negotiating the lease, but unfortunately, many people take this for granted. A good broker needs to have an in-depth understanding of the dental industry and needs to have an understanding of basic codes and regulations for construction, allowing for proper and effective lease negotiations.

3
Demographic/Building Studies

Obtaining a basic population study is simple, however, it does not contain the degree of information needed for a demographic study. A true demographic study includes size, structure, and development of the surrounding population. Understanding the growth, median income and the average age of a population are some of the parts of the study that will direct us to assess the potential success of your space. This is imperative for ensuring your practice will be accessible to your target audience, and thus be financially successful. Understanding the type of building will also help during lease negotiations as well as during the cost analysis/budget planning stage.

4
Lease/Loan/Financing Negotiations

With such a large variety of financial institutions offering an array of loans, it is common to be confused or overwhelmed when searching for a loan. Most commonly, people will rate loans by the basis of one factor and choose a loan they think is the best in rankings. With lease terms often favoring the landlord, it is important to have your interests emphasized as the priority.

5
Business Entity Set Up

Forming a business entity is an important part of opening a practice. This step protects you from liability and has a direct effect on your taxes. It is important to work with professionals who can guide you in the correct direction.

6
Insurance Credentialing

An experienced insurance credentialing specialist will be required to submit applications to insurance providers on your behalf. In turn, the insurance companies will validate your qualifications and history to determine whether you will be a qualified insurance provider.

7
Design & Construction

Value engineering is used to ensure each project is engineered to minimize cost while maintaining the integrity and quality of a project. The construction cost is determined by the material selections included in the architectural and engineering drawings. Total project costs are regulated by checking to make sure no unnecessary costs accumulate. Quality is never compromised, each product's lifetime projections are aimed to be satisfied. With the right team of experts, your aesthetic vision will be maintained regardless of your budget constraints.

8
Initial Staff Building

Your practice is only as strong as your collective staff members; they are at the source of your business's core. To create a strong and stable foundation, aim to equip your practice with individuals who will contribute to your success. Finding staff and keeping staff is a very time consuming and exhausting process. However, it is just as important as choosing the best practice management software. A staff made up of high-quality employees is an investment in your future business and can be the factor which determines your practice's level of success. The right staff members will facilitate the day-to-day running of your office, allowing you to focus on the most important part of your business: your patients.

9
Marketing

Marketing begins the moment you begin branding your practice. Today, marketing is most prevalent on social media and search engine platforms. Marketing mainly consists of two steps: the initial set up and ongoing marketing. Initial set up consists of setting up your website, finalizing your logo, and setting up your social media platforms. Ongoing marketing consists of social media upkeep, search engine optimization, and advertising. By determining your goals early on, a unique, customized marketing plan can be created for your practice.

10
Grand Opening

This officially marks the beginning of your future successful business! Your space is ready for your customers. Invite your friends, family, and clients to join the celebration of your new space.

1

Initial Conversation/Interview

The most important step in the entire process. Having a thorough understanding of your goals is extremely important especially when it comes to starting a new business. This is the time to ask any questions and to express your vision. In turn, this allows us to assist you in the most effective way. It is equally important to understand your long term goals as it is to understand your short term goals. The information which may not seem obviously relevant will help us determine the basis of your practice and to set you up for success.


Finding a Space

Location! Location! Location! At some point or another, we have all heard about the importance location can have on the success of a business. Simply put, location is everything. Location is a key element for any business, and this is no different for the dental industry. Working with brokers who have a thorough understanding of the market ensures a fair price will be negotiated for your space. Understanding the market is the most important element in negotiating the lease, but unfortunately, many people take this for granted. A good broker needs to have an in-depth understanding of the dental industry and needs to have an understanding of basic codes and regulations for construction, allowing for proper and effective lease negotiations.

2

3

Demographic/Building Studies

Obtaining a basic population study is simple, however, it does not contain the degree of information needed for a demographic study. A true demographic study includes size, structure, and development of the surrounding population. Understanding the growth, median income and the average age of a population are some of the parts of the study that will direct us to assess the potential success of your space. This is imperative for ensuring your practice will be accessible to your target audience, and thus be financially successful. Understanding the type of building will also help during lease negotiations as well as during the cost analysis/budget planning stage.


Lease/Loan/Financing Negotiations

With such a large variety of financial institutions offering an array of loans, it is common to be confused or overwhelmed when searching for a loan. Most commonly, people will rate loans by the basis of one factor and choose a loan they think is the best in rankings. With lease terms often favoring the landlord, it is important to have your interests emphasized as the priority.

4

5

Business Entity Set Up

Forming a business entity is an important part of opening a practice. This step protects you from liability and has a direct effect on your taxes. It is important to work with professionals who can guide you in the correct direction.


Insurance Credentialing

An experienced insurance credentialing specialist will be required to submit applications to insurance providers on your behalf. In turn, the insurance companies will validate your qualifications and history to determine whether you will be a qualified insurance provider.

6

7

Design & Construction

Value engineering is used to ensure each project is engineered to minimize cost while maintaining the integrity and quality of a project. The construction cost is determined by the material selections included in the architectural and engineering drawings. Total project costs are regulated by checking to make sure no unnecessary costs accumulate. Quality is never compromised, each product's lifetime projections are aimed to be satisfied. With the right team of experts, your aesthetic vision will be maintained regardless of your budget constraints.


Initial Staff Building

Your practice is only as strong as your collective staff members; they are at the source of your business's core. To create a strong and stable foundation, aim to equip your practice with individuals who will contribute to your success. Finding staff and keeping staff is a very time consuming and exhausting process. However, it is just as important as choosing the best practice management software. A staff made up of high-quality employees is an investment in your future business and can be the factor which determines your practice's level of success. The right staff members will facilitate the day-to-day running of your office, allowing you to focus on the most important part of your business: your patients.

8

9

Marketing

Marketing begins the moment you begin branding your practice. Today, marketing is most prevalent on social media and search engine platforms. Marketing mainly consists of two steps: the initial set up and ongoing marketing. Initial set up consists of setting up your website, finalizing your logo, and setting up your social media platforms. Ongoing marketing consists of social media upkeep, search engine optimization, and advertising. By determining your goals early on, a unique, customized marketing plan can be created for your practice.


Grand Opening

This officially marks the beginning of your future successful business! Your space is ready for your customers. Invite your friends, family, and clients to join the celebration of your new space.

10

Contact Us

Contact for Consultation and More Information

Phone & Fax

MAIN OFFICE - (703) 430-6669

FAX - (703) 430-6880

WORKING HOURS

MON-FRI 8:00 AM - 5:00 PM

SAT-SUN Close

45449 E Severn Way, Unit 155

Sterling, VA 20166

Do not disclose personal information
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Frequently Asked Questions

  • What is our #1 advice for doctors building a new dental office?

    Be engaged in your design and construction process from the very beginning...


  • Should I lease or buy a space for my start-up dental practice?

    Seven years is considered the “breakeven” point in terms of occupancy costs...


  • How much per square foot would it cost to build a dental office?

    There are many factors that go into the cost per square foot for an office build out...


  • How much would a dental practice build-out cost?

    Although the cost for a practice build-out will depend mostly on its size, a typical 2,500-3,000 sqft dental office build-out could cost anywhere between $500-550k...


  • What are the steps towards opening a start-up dental practice?

    There are seven basic steps most will take toward opening a dental practice...


  • How long does the permit review process take for building a new office?

    The permit review process depends mostly on the state, county, or township and in general, may take 4-6 weeks...