Eric DeVries is a seasoned tax, accounting, and technology expert with over 20 years of experience. He spent 11 years working on their National team at Pricewaterhouse Coopers and worked with Deloitte and DaimlerChrysler's North American headquarters. In 2008, he founded DEVRIESE & ASSOCIATES, a full-service CPA firm in Northern Florida. Building on his extensive experience and knowledge, he recognized a shift in the accounting industry. He founded RealTime CPAs, a one-of-a-kind firm that is paving the way for the industry's future. In this conversation, Eric discusses how Dental CPAs differ from regular CPAs and how they help dentists in their practice. He talks about the current trend of dental practices acquired by DSOs, the challenges sellers face in navigating the marketplace, and the value of having representation during negotiations. Eric also shares stories about successful strategies that dentists have used to increase profitability in their practices, including holding staff accountable for treatment plans and using accountable plans for health insurance.Key Takeaways:Dental CPAs specialize in serving dentists and deeply understand the industry and its unique challenges.Selling a dental practice to a DSO can be a good option, but sellers should be aware of the equity play and the potential pitfalls of accepting unsolicited offers.Representation during negotiations can help level the playing field for sellers and ensure they get the best deal possible.Strategies such as holding staff accountable for treatment plans and using accountable plans for health insurance can help dentists increase profitability in their practices.Dental CPAs can also help sellers with representation during the selling process, ensuring they get the best deal possible.Dental practices are highly sought-after, and prices have increased significantly over the years due to competition from private equity firms and other buyers.Dental CPAs can provide valuable advice on increasing practice profitability, such as improving collections and case acceptance rates.Dental CPAs can also offer strategies for reducing healthcare costs, such as setting up an accountable plan for health insurance.Working with a Dental CPA can provide dentists with specialized expertise and advice tailored to their unique needs and challenges in the industry.Learn more:RealTimeCPAs.com (Company)timetrade.com/book/QJSYL (Schedule an Appointment)realtimecpas.com/Blog-3-3.html (Blog: Buying a Dental Practice)Facebook: https://www.facebook.com/RealTimeCPAsLinkedIn: https://www.linkedin.com/company/realtime-cpas/#dentistry#dentists#orthodontics#endodontics#prosthodontics#dentalinvestorLearn more about your ad choices. Visit megaphone.fm/adchoices