The office-sharing arrangement is unique in that two or more independent dental practices operate out of one physical location. They are not merged into one business, nor have they entered into a business partnership. Rather these practices remain separate entities while sharing the same space, equipment or employees.
While dentists may enter this type of arrangement to make the most of available space or reduce overall expenses, they also need to consider factors such as building logistics, shared costs and the dynamic of working with the other dentist.
This episode dives more into the key factors to consider, illustrating both the benefits and potential transition challenges office-sharing agreements may bring.