Precision Dental Analytics
The buyer's audit. Run first.
Phantom EBITDA has three faces: accounting, operational, clinical. Every engagement below is priced by which of them you need read, how far back, and how soon.
Precision Dental Analytics is a clinical due diligence firm for dental practice transactions. We run the Clinical Quality of Earnings for sellers before the buyer's team runs theirs, and for buyers and lenders as the clinical addendum to a financial QoE. Founded by James DeLuca, former Regional Director of Operations at North American Dental Group and author of Phantom EBITDA. Fixed fee, never a success fee, never both sides of the same transaction.
The Clinical Quality of Earnings
The clinical audit an institutional buyer runs, rebuilt from your practice-management data and run on your behalf: CDT utilization against payer benchmarks, internal-code exposure, diagnostic dependency, patient-base durability, and a Sanitized EBITDA bridge with a remediation roadmap. Delivered sell-side as Pre-LOI Defense and buy-side as Institutional Clinical Diligence.
Where Are You in the Deal?
Three stages. One standard.
Before the buyer reads it.
The Baseline reads twelve months while there is time to fix what it finds. Pre-LOI Defense reads five years, documents what cannot be fixed in time, and puts PDA in the room when the buyer's QoE team sends the question list.
The half of diligence nobody opens.
The financial QoE verifies the money was collected. This verifies how. For an associate with a bank behind them or a sponsor with a transaction accountant, delivered alongside, never replacing.
The roadmap is the scope.
Non-Clinical fixes the operational face: accountability, SOPs, and the reporting that proves the practice runs without its owner. Clinical adds a dentist to the team for coding patterns and documentation.
Individual Reports
One question. Ten business days.
Ordered online, extracted after a Business Associate Agreement is signed. Any report ordered in the prior 90 days is credited toward a Sell-Side Baseline.
From a Completed Engagement
One $10M practice. Exposed to certain in five years.
Multi-provider, clean books, a CPA who did his job, Defensible EBITDA below zero once the clinical ledger was read. A projection, not an appraisal.
Today: individual buyer, priced on collections
36 to 60 months: platform-scale, 8 to 9×
Baseline plus three years of remediation
The program, as a share of the shift
The Next Step
Schedule a Briefing
The briefing determines fit. We'll tell you which window you're in, what it needs read, and whether it's a single report or the full audit.
Confidential intake. Responded to within 48 hours.