How to Write a Letter of Instruction for all Dental Practice Owners
A Complete Guide | Henry Schein
A letter of instruction is a crucial document that all practice owners should have, regardless of their age. Whether you’re just starting out, growing your practice, selling your practice, or merging with another, having a letter of instruction on hand is essential. In this guide, tailored specifically for dental professionals, we’ll walk you through the process of writing this vital document. Plus, discover how Henry Schein can provide you with a complimentary copy of our expertly crafted Letter of Instruction template.
Why do practice owners need a Letter of Instruction?
The reason is that sometimes the unexpected happens, leaving you (or your family) with the task of selling your practice as quickly as possible. And while no one wants to think about it, being prepared in case it happens is something all practice owners should do. Particularly if you have a significant other and/or family. Every week a practice goes unsold, the practice value declines rapidly.
What is it?
A letter of instruction serves as a roadmap for what to do to preserve your practice value in the event of the dentist’s untimely death or disability. It includes:
Specific instructions for handling financial accounts, insurance companies, and credit cards.
Information about health care directives specific to your practice.
Contact information for loved ones, beneficiaries, or other relevant parties.
Details on estate planning relevant to your practice.
How to Write a Letter of Instruction
As a service to our dentists, Henry Schein Dental Practice Transitions offers a Letter of Instruction template at no charge. In this template, you will identify the following:
Specific Information: Outline your accounts, contact information, and other pertinent details.
Healthcare Directives: Include instructions related to patient care and ongoing treatments.
Insurance Information: Detail arrangements with insurance companies, including patient coverage.
Financial Advisor: Include insights from financial experts on next steps to transition the practice.
Personal Touch: Express your sentiments and wishes for the staff and practice’s future.
What Does It Include?
Financial Data: Details on accounts, social security numbers, credit cards, etc.
Health Care Instructions: Specific guidelines for patient care during the transition.
Estate Planning: Information on how assets within the practice should be handled.
Special Requests: Any specific wishes for the practice, staff, or patients.
Get Your Complimentary Copy
At Henry Schein, we understand the complexities of owning a dental practice. That’s why we offer a complimentary copy of our professionally crafted letter of instruction template to help you navigate this essential process. Simply fill out our form and receive your copy, tailored specifically for dental practice owners. Our team is here to assist you every step of the way, ensuring that your dental career is as seamless as possible.
Letter of Instruction FAQs
What is typically covered in a letter of instruction? It includes financial, patient care, and estate planning details specific to the practice.
How do you write an instruction document for a dental practice? Follow the step-by-step guide above, and don’t hesitate to reach out to professionals like Henry Schein for support.
Rely on Us
Transitioning your dental practice is a significant milestone that demands careful planning. A letter of instruction is a pivotal step in protecting your practice and ensures that every aspect of the transition is executed according to your wishes. With Henry Schein’s guidance and complimentary letter of instruction template, you can confidently navigate this complex process. Feel free to get started with us today.
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