The Blog
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Introducing Maven Financial Partners
We are thrilled to announce the launch of a new company, Maven Financial Partners. The new brand will bring changes and opportunities to both of us as the Skytale Group founding partners. We are eager to share the visions for Maven and Skytale with our supportive network.
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5 Reasons to Review Your Financials and Set Business Goals
Owning and operating a med spa, dental practice, or other small business mimics driving a car: it requires full visibility and a sense of direction. The most sensible way to find your…
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Using Debt to Grow Your Healthcare Practice
When it comes to growing a business, we’re debunking the myths around debt for your healthcare practice. Popular opinion may state that debt is to be avoided at all costs in your…
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Starting a Business with a Clear Financial Plan
A great business usually starts with a great idea. However, it takes more than ideas to get a profitable business off the ground. A business financial plan is a key tool in…
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De Novo Growth Strategy for DSOs
What Is De Novo Strategy for DSOs? De novo, latin for ‘from the beginning,’ indicates a DSO that is built from the ground up. De novo growth strategy for DSOs through a…
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How to Find Your Medspa Revenue Potential
Medspa Revenue Formula Medspa owners often call us asking how they can increase revenue in their practice. Should we raise fees? Maybe. Should we expand our hours? Potentially. Should slash our expenses…
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Questions to Ask Your Practice Management Consultant
A practice management consultant is a vital resource in reaching your business goals. An outside consultant offers the fresh set of eyes your business needs to identify pain points you may be…
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5 Healthcare Practice Management Strategies to Ensure Success After COVID-19
The COVID-19 pandemic has undeniably impacted your healthcare practice, employees, patients, and YOU. Whether you’re a dental practice, a medical spa, a surgery center, or even a non-healthcare business, it’s important to…
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3 ways to better understand your med spa finances
Your medical spa likely began with a vision in mind. Whether you hoped to treat patients with optimal care or delve into a field you love–you have brought that vision to life…
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How to Use Key Performance Indicators (KPIs) in Your Healthcare Practice
Key Performance Indicators (KPIs) are a roadmap to your med spa, dental office, or health care practice’s success. Identifying, tracking, and assessing your Key Performance Indicators (KPIs) allows you to make informed…
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Skytale Group Serves as Exclusive Financial Advisor to Lone Star Pediatric Dental & Braces
Skytale Group, a strategic financial and M&A advisory firm to healthcare and professional service businesses, is proud to announce that Lone Star Pediatric Dental & Braces has affiliated with D4C Dental Brands. Skytale served as the exclusive advisor to Lone Star.
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How Med Spas Maximize Value with an MSO
Maximize a med spa’s value with an MSO When you opened your med spa, what were your goals for your business? Was it to treat patients and do work you love? To…
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4 Key Differences Between a Med Spa and an MSO
If you’re in the med spa industry, you’ve likely heard the acronym MSO. There are a few key differences between a medical spa and an MSO. MSO stands for Medical Services Organization…
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7 Financial Strategies for Med Spas
This post was originally published in the AmSpa QP and on the AmSpa Now blog. “A smooth sea never made a skilled sailor.”– Franklin Delano Roosevelt Franklin Delano Roosevelt’s quote was not…
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6 Things to Consider when Hiring an Associate Dentist
Bringing an associate dentist can be one of the biggest decisions a business owner can make, and it takes an adequate amount of thought, research, time, and energy to ensure you’re selecting…
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4 Things a Financial Assessment Can Tell You About Your Business
Let’s face it. You didn’t start your business because you dream about analyzing financial statements. You started it because you have a vision and, more than likely, you love what you do!…
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Want more profit? Why your expenses (probably) aren’t your problem
We meet with practice owners every day who ask us to review their expenses to help them increase profitability. Often, they’re looking for places in the budget where they can cut back…
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Should your Med Spa be a MSO?
For most Med Spa owners or aspiring Med Spa owners, the primary reason for contemplating a Management Service Organization (MSO) is legal considerations. In most states, medical procedures must be performed by…
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4 Tasks to Prepare for Financial Success in the New Year
In a few weeks, we’ll all be making resolutions for the new year and the new decade. In order for your practice to walk into 2020 with its best foot forward, there…
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Compiling Data – Do you have too much or too little?
At Skytale, we look at a business’s “data” in the same way a doctor would look at a patient’s vital signs. Financial data gives us clues about the health of a business….
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From Strategy To Execution: 3 Phases of a DSO Road Map
There are many reasons our contacts are curious about the Dental Service Organization (DSO) space. Private equity backed dental groups are growing rapidly. It is estimated between 14-18% of dental practices are…
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How Small Businesses Can Protect Themselves Against Employee Theft
If you think your business is too small to be a target for embezzlement, think again. We wish it weren’t true, but your small business with a handful of trusted employees actually…
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3 Steps For Using a Budget to Meet Your Practice’s Financial Goals
When we say the word “budget” to our clients for the first time, we get one of two reactions. Either their eyes glaze over, bored at the mention of the word, or…
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