FAQ’s For Dentists
Cirrus Dental Leasing Seminars provide the tools and information required to better understand the lease environment, focusing on identifying risks within a lease and developing strategic processes for dental office lease negotiations. Attendees have saved thousands of dollars in future lease costs by applying the tools and tips learned in the program to upcoming lease negotiations and renewals.
The nature of your dental office lease is directly related to the value of your practice and your ability to transition out of the business or sell your dental practice. The key to a smooth practice transition lies in the provision and clauses of your dental office lease agreement. Cirrus helps dentists by identifying and securing terms and conditions in the lease agreement, highlighting critical dates and risk areas and planning a negotiation strategy that benefits both the dentist’s short and long term goals. As lease negotiation experts, we guide and lead you with a comprehensive understanding of what an ideal lease should look like and goal plan to further help dentists make the right business decision for dental practice sale or transfer.
Ideally, the process will begin at least 12 to 24 months ahead of the lease expiry date. An experienced Cirrus dental lease negotiator will represent you in all dealings with your landlord, implementing Cirrus’ proven processes and strategies. The end goal of finding a win-win solution for both the tenant and landlord is facilitated by sharing information and knowledge on a timely basis with both parties.
When it comes to leases, rent is usually considered the top priority by most dentists. Though it is indeed an important part of the lease, it is wrong to think of rent as the only significant aspect of the lease agreement. What many dentists do not know is that there are numerous clauses other than rent that can adversely affect the financial health of the practice. Cirrus advocates a solid understanding of the current dental lease agreement, a thorough lease analysis of identifying risks and pitfalls and assessing how it affects the future goals of your dental practice.
Cirrus handles the entire dental lease negotiation from start to finish and will represent you in all dealings with your landlord. We ensure that the negotiations commence in a timely and efficient manner that benefits both tenants and landlords alike, wanting to make sure that both tenants and landlords are satisfied at the end of the negotiation process to ensure a long lasting and amicable relationship. In the past, landlords who have worked with Cirrus have found that the negotiation process flows more smoothly and efficiently by working with experts who understand the real estate business.
Your dental lease negotiator will work with you to identify your business’ goals and determine a negotiation strategy that is right for you and your practice. Throughout the course of our engagement with you, we promise an experienced Cirrus Dental Leasing Negotiator to represent you in all dealings with your landlord.
FAQ’s For Physicians
A Family Health Team (FHT) brings together a variety of healthcare providers, under one roof to work collaboratively to provide high quality primary care. Most FHTs consist of doctors, nurses, nurse practitioners and other allied health care professionals.
Government funding subsidizes some of the salaries, rent and other costs associated with operating the FHT.
The FHT is an operational model and is not a payment model for physicians. Physicians working within a FHT must be part of a Family Health Organization. Interested in switching to a different billing model? Click to learn more about Cirrus’ medical practice model transitioning services.
A Family Health Organization (FHO) is a group of three or more primary care physicians who work together with a focus on preventive care and improving access to primary care in Ontario. There are many benefits to a FHO, such as guaranteed predictable income, shared after hours coverage, flexibility in how and when you provide care, and quite often conversion to a FHO results in an increase in your monthly income.
The FHO is a blended capitation payment model whereby physician income is determined through the following components:
The FHO payment model is the most popular in Ontario with over 50% of family physicians practicing within it.
Founded by doctors in 1994, Cirrus Consulting Group is the leading advisory in medical practice management and healthcare consulting services across North America. We offer a broad range of essential healthcare consulting services to medical professionals that work to alleviate stress, optimize practice income, increase office efficiency, and promote peace-of-mind. Our services include:
Yes, Cirrus has expertise with all practice models in Ontario and can tailor assistance to meet your needs. Contact a healthcare consultant today to discuss your unique needs at 1.800.459.3413. Cirrus has developed a successful step-by-step program to help doctors actualize the objectives and goals unique to their practice. The Ontario Practice Development Program (OPDP) combines the specialized knowledge of our healthcare consultants with the framework of a customized, physician-centered plan. Learn more about the Ontario Practice Development Program, and get started today.
Yes, Cirrus works with groups and individuals to assist with income optimization and practice management solutions. Cirrus has developed a successful step-by-step program to help doctors actualize the objectives and goals unique to their practice. The Ontario Practice Development Program (OPDP) combines the specialized knowledge of our healthcare consultants with the framework of a customized, physician-centered plan. Learn more about the Ontario Practice Development Program, and get started today.
Learn more about Cirrus’ FHO/FHG medical practice management services.