Before Selling to a DSO, Ask These Questions
Today, practice owners increasingly find themselves facing a fork in the road. Do they keep going as a solo dentist or do what many of their peers are doing and sell to a DSO?
Today, practice owners increasingly find themselves facing a fork in the road. Do they keep going as a solo dentist or do what many of their peers are doing and sell to a DSO?
It’s no secret that many dentists are less than thrilled with dental insurance. We’ve spoken with more than one doctor who has told us that reimbursement rates continue to go down even as labor and supply costs go up — leaving practices feeling squeezed in the middle.
One thing we love about dental is that most practices succeed. Dentists who open a de novo or buy a second practice tend to do just fine — unlike the typical small business, which has a 65 percent risk of failure over 10 years.
Like true love, the course of a dental patient’s journey may not always run smoothly.
Fresh out of dental school, you find yourself in an enviable position. You’ve got job offers from not just one, but three practices, each one eager to bring you on board as an associate.
We’ll keep saying it until the rest of the industry picks up the trend. 2023 is going to be the Year of the Dental Marketer.
Dental hiring is still not for the faint of heart. While practice leaders are not facing the same abyss of talent they did during the worst of the pandemic — when it felt like every other hygienist was either retiring or leaving for a massive salary increase from the competitor down the road — neither have conditions returned to the pre-2020 era.
We don’t know who needs to read this, but here’s a reminder for anyone who does: nobody has all the answers.
For many workers, the quality of their manager can make or break their experience. And unfortunately, the latter seems to happen more often than the former.
We recently hosted Daniel Zimmon and Sooji Park of NatScent on Dental Marketing Theory. They help dental practices achieve an attractive interior scent by using the same technology you might notice at work in boutiques or hotels — the ones that smell just the right level of enticing whenever you walk through their doors.
Today, practice owners increasingly find themselves facing a fork in the road. Do they keep going as a solo dentist or do what many of their peers are doing and sell to a DSO?
It’s no secret that many dentists are less than thrilled with dental insurance. We’ve spoken with more than one doctor who has told us that reimbursement rates continue to go down even as labor and supply costs go up — leaving practices feeling squeezed in the middle.
One thing we love about dental is that most practices succeed. Dentists who open a de novo or buy a second practice tend to do just fine — unlike the typical small business, which has a 65 percent risk of failure over 10 years.
Like true love, the course of a dental patient’s journey may not always run smoothly.
Fresh out of dental school, you find yourself in an enviable position. You’ve got job offers from not just one, but three practices, each one eager to bring you on board as an associate.
We’ll keep saying it until the rest of the industry picks up the trend. 2023 is going to be the Year of the Dental Marketer.
Dental hiring is still not for the faint of heart. While practice leaders are not facing the same abyss of talent they did during the worst of the pandemic — when it felt like every other hygienist was either retiring or leaving for a massive salary increase from the competitor down the road — neither have conditions returned to the pre-2020 era.
We don’t know who needs to read this, but here’s a reminder for anyone who does: nobody has all the answers.
For many workers, the quality of their manager can make or break their experience. And unfortunately, the latter seems to happen more often than the former.
We recently hosted Daniel Zimmon and Sooji Park of NatScent on Dental Marketing Theory. They help dental practices achieve an attractive interior scent by using the same technology you might notice at work in boutiques or hotels — the ones that smell just the right level of enticing whenever you walk through their doors.