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Legendary dental expert and Founder of Dental Town Howard Farran joins me, Ericka Aguilar, for a compelling exploration of the future of dentistry, challenging the conventional norms that govern the industry. We embark on a fascinating journey through Howard's personal story, from Kansas to Arizona, navigating the complex economic barriers and education demands that define the profession. Together, we unravel the financial intricacies of being a dentist, contrasting the roles of general practitioners, specialists, and practice owners while scrutinizing the implications of operating within a cartel system.The digital age is upon us, and AI is set to redefine the landscape of dental practices. We dissect the inefficiencies plaguing current practice management software and uncover how AI innovations, like the pioneering dental AI chatbot, promise to streamline operations and unlock new levels of efficiency. Drawing from a wealth of experience, the conversation paints a vivid picture of how AI can transform the way dental practices operate, enhancing both user experience and operational effectiveness, setting a new benchmark for the industry.As we navigate the evolving business dynamics and global challenges in dentistry, the conversation broadens to encompass healthcare access in America. We shine a light on the disparities in dental and women's health services, particularly in rural areas, and consider the potential of international specialists to bridge these gaps. Our discussion also highlights the pivotal role of Dental Service Organizations in capital formation and their strategic influence in the market. Through it all, we stress the importance of ensuring quality and integrity by having industry-specific professionals at the helm, safeguarding the core values of dentistry amid shifting economic and regulatory environments. Want to learn Dental Coding and Billing? Join here:https://tr.ee/efzYrY7mp-Would you like to set-up a billing consultation with Ericka or Jen? We would love the opportunity to discuss your billing questions and see how Fortune Billing Solutions may help you. Email Ericka:ericka@dentalbillingdoneright.comEmail Jen:jen@dentalbillingdoneright.comPerio performance formula: (D4341+D4342+D4346+D4355+D4910)/(D4341+D4342+D4346+D4355+D4910+D1110) Want to know what your fee should be for D4346? Send Ericka an email to ericka@dentalbillingdoneright.com
What if scaling a healthcare business was more about strategic real estate choices and less about the medical services themselves? Troy Bage, CEO of Tend, unveils his transformative journey from physical therapist to a leader who expanded healthcare locations from 30 to over 1200. Discover how he navigates DeNovo strategies and the complexities of franchising, while emphasizing the critical role of selecting the right partners. Troy shares his experiences and the often-misunderstood reputations of private equity and franchising, revealing the keys to sustainable growth and enduring success.Enter the world of modern dentistry through the innovative lens of a company founded by venture capital group Juxtapose. They've reimagined dental care by addressing gaps left by large Dental Service Organizations in urban areas. Learn about their unique approach to enhancing patient experiences with technology and service, from a proprietary app to noise-canceling headphones, and how they leverage prime urban real estate for maximum visibility. Their strategic marketing tactics and commitment to accessibility have led to impressive growth across major cities, transforming how urbanites perceive and experience dental visits.The future of dentistry is here, and it's driven by cutting-edge technology and strategic partnerships. From extended operational hours to the integration of AI imaging and 3D printing, Troy Bage discusses how these advancements are optimizing efficiency and patient satisfaction. He delves into the impact of proprietary booking software that revolutionizes appointment scheduling. Leadership and organizational alignment are also key themes, with insights into using OKRs for goal alignment and fostering a culture of continuous improvement. Explore the balance between remote and traditional work environments, as well as unique leadership philosophies that support growth and empowerment within the dental industry.If you need help finding the perfect location or your ready to invest in commercial real estate, email us at admin@leadersre.com Sign up for a FREE vulnerability analysis and lease renewal services View our library on apple podcasts or REUniversity.org. Connect on Facebook. Commercial Real Estate Secrets is ranked in the top 50 podcasts on real estate
Join us for a captivating conversation with Justin Coke, the dynamic CEO and founder of 7 to 7 Dental, as he unveils the strategic maneuvers behind scaling healthcare practices through private equity partnerships. Discover why partnering with GTCR Private Equity was a game-changer for his business and learn about the meticulous due diligence process that ensured alignment with the right financial partner. Unpack the apprehensions healthcare executives face when considering private equity, and gain insights into maintaining control while accelerating growth in the competitive healthcare landscape.We dive deep into the art of crafting a robust healthcare business model centered on patient access and scalability. Listen as Justin shares the strategic advantages of having a unique story and a process-driven approach that enhances negotiation power and maximizes business value. Hear about the critical transition from cash-based to accrual accounting, a move that not only boosts company valuation but also attracts sophisticated buyers. As Justin discusses the transition, he emphasizes the significance of compliance and thorough preparation for smoother business operations and transitions.Explore the broader financial landscape with us as Justin discusses the impact of low-interest rates on Dental Service Organizations and the resulting market corrections. Learn the lessons of cautious financial planning and the dangers of excessive reliance on borrowed money. From strategic growth decisions to the timing of business sales, this episode is packed with practical advice and compelling stories for healthcare professionals and executives looking to navigate the complex world of private equity partnerships and healthcare expansion.If you need help finding the perfect location or your ready to invest in commercial real estate, email us at admin@leadersre.com Sign up for a FREE vulnerability analysis and lease renewal services View our library on apple podcasts or REUniversity.org. Connect on Facebook. Commercial Real Estate Secrets is ranked in the top 50 podcasts on real estate
Discover the future of dentistry as Dr. Sepand H, the visionary CEO and founder of Total Health Dental Care, redefines what it means to run a Dental Service Organization (DSO). From aspiring software engineer to groundbreaking dentist, Dr. H shares his journey and unveils a tech-enabled model that promises to enhance patient care. His revolutionary approach aims to seamlessly connect dentists and specialists, creating an exceptional patient experience that boosts both retention and profitability. Join us as Dr. H sets the stage for a new era in dentistry, challenging the limits of traditional practices.Technology's transformative power takes center stage, illuminating a path forward for DSOs grappling with modern challenges like wage inflation and capped fees. Since 2021, embracing innovation has become a necessity, not a choice. Learn how advanced tech solutions can refine operational processes, allowing for better staff compensation and a more satisfying patient experience through automation and online services. Dr. H passionately advocates for native technology solutions tailored to the dental industry's intricacies, highlighting their potential to streamline operations and revolutionize business models.Navigate the labyrinth of banking regulations and macroeconomic dynamics with us, focusing on their implications for the growth of DSOs. The conversation delves into the effects of the Dodd-Frank Act and the critical role of private equity in dental service expansion. With insights into potential interest rate changes and persistent wage growth, Dr. H discusses strategic financial planning to maintain healthy margins. By integrating technology and adjusting fees, DSOs can adapt and thrive amidst economic uncertainties. Tune in for a deep dive into the intersection of technology, finance, and dentistry, and leave with valuable insights for your own practice.If you need help finding the perfect location or your ready to invest in commercial real estate, email us at admin@leadersre.com Sign up for a FREE vulnerability analysis and lease renewal services View our library on apple podcasts or REUniversity.org. Connect on Facebook. Commercial Real Estate Secrets is ranked in the top 50 podcasts on real estate
In this episode of The Dental Economist Show, host Mike Huffaker sits down with Brian Colao, Director of the DSO Industry Group at Dykema. Join them as they explore the legal frameworks governing DSOs, implementation strategies for new technologies, and the future of dental service organizations in a changing market landscape.
Web: www.JonesHealthLaw.com Phone: (305)877-5054 Instagram: @JonesHealthLaw Facebook: @JonesHealthLaw YouTube: @JonesHealthLaw Dental Service Organizations (DSOs) have become an increasingly popular model for dentists to effectively handle and manage administrative duties associated with running their dental practices. In fact, according to data from the ADA Health Policy Institute, thirteen percent (13%) of practicing dentists in the U.S. have affiliated with a dental service organization. Simply put, a DSO is an entity which contracts with dental practices to provide non-clinical, business management services. DSOs offer newly licensed dentists the opportunity to jump start their practice after successfully completing dental school. Such an arrangement can allow dentists to focus completely on providing quality dental care in a clinical setting for their patients without worrying about fulfilling the time-consuming, administrative functions of their dental practice. DSOs can assist dentists with scaling their practice and achieve greater efficiencies. This article will highlight some key considerations to evaluate before proceeding with transitioning their dental practice over to a DSO model in Florida. --- Support this podcast: https://podcasters.spotify.com/pod/show/joneshealthlaw/support
Join Gary Takacs and special guest Jill Hasselman on this episode of The Thriving Dentist Podcast as they discuss the upcoming 2024 DSO Leadership Summit. Jill shares her expert insights on key trends and strategies that will be highlighted at the summit, offering invaluable knowledge for dental professionals looking to excel in the evolving world of Dental Service Organizations. Don't miss this engaging conversation on leadership, innovation, and the future of DSOs!
In this episode of The Dental Economist Show, host Mike Huffaker is joined by A. J. Peak, the Founder and CEO of Peak Dental Services. Join them as they explore the pros and cons of dental service organizations, implementing technology in dental businesses, and the benefits of multi-specialty practices.
The rise of Dental Service Organizations is propelled by dentistry's recession and pandemic resilience. In this episode, Brian Colao talks about the trends and dynamics within the DSO industry and its attractiveness to non-dentist investors. He explores the profound impact of artificial intelligence on dentistry, discusses DSOs' influence on technology adoption, predicts ongoing industry growth and consolidation, addresses challenges for individual dentists, and offers advice on structuring practices for future transactions. Tune into this conversation for insights into the evolving landscape of dental practices and the role of DSOs in shaping the industry! Resources: Connect with and follow Brian Colao on LinkedIn. Follow the Dykema on LinkedIn. Visit the Dykema Website! Learn more about the annual Dykema DSO Conference here! Check out how Brian Colao's special trip to the dentist with game-changing innovations went here!
Managing DSO Hygiene for Patient Care, Profitability, and Scalability, with Janet Hagerman, Fractional Chief Hygiene Officer (North Fulton Business Radio, Episode 741) On this episode of North Fulton Business Radio, host John Ray chats with Fractional Chief Hygiene Officer Janet Hagerman, who consults with Dental Service Organizations (DSOs). Janet discusses her role and explains the […] The post Managing DSO Hygiene for Patient Care, Profitability, and Scalability, with Janet Hagerman, Fractional Chief Hygiene Officer appeared first on Business RadioX ®.
Welcome to The Dental Wealth Nation Show with your host, Tim McNeely! In this episode, Tim is joined by guest David Kingsdale, the founder of King's Ransom, an investment and advisory firm specializing in buying and selling companies. Together, they delve into the essential topic of "How to choose the right and most effective advisor when selling your practice." David Kingsdale shares valuable insights into the challenges of selling smaller dental practices to Dental Service Organizations (DSOs), emphasizing the significance of bigger DSOs in the market. He highlights the need for dentists to find the right advisors to protect their wealth after financial transactions, emphasizing the importance of early planning for dentists, especially those approaching late fifties or early sixties. The episode illuminates the necessity of a holistic plan for the future when advising entrepreneurs on selling their businesses. Kingsdale and his team have a passion for helping dentists sell their businesses, acknowledging the emotional component involved in selling their first business. Throughout the conversation, they emphasize the importance of exit planning for dental practices, the common misconception among dentists regarding the true value of their practices, and the significance of protecting staff and the practice's family-like atmosphere during the sale process. Join Tim McNeely and David Kingsdale in this insightful episode as they uncover the factors dentists should consider when thinking about exiting dentistry, the benefits and downsides of selling to a DSO, and the strategies for increasing practice valuation. With a focus on providing advice to dentists on maximizing net worth and preparing for their financial future, The Dental Wealth Nation Show offers invaluable information and strategies for dentists looking to make informed decisions about selling their practice. Keywords: Dental Wealth Nation Show, Tim McNeely, David Kingsdale, selling a dental practice, Dental Service Organizations, exit planning, practice valuation, financial planning, advisor selection, entrepreneur advice, wealth protection, DSO transactions, private equity, practice sale strategies.
Transforming the dental care landscape requires a disruptive strategy that includes developing intentional patient experiences and embracing technological advancements. In this episode, Chris Salierno discusses how Tend is revolutionizing the DSO space with its disruptive model, intentional patient experiences, and emphasis on innovation. He highlights tech's role in dentistry, emphasizing Tend's innovative startup culture and foreseeing a positive future shaped by an enthusiastic younger generation seeking mentorship. Tune in to explore the dynamic fusion of technology and mentorship that propels Tend to the forefront of dental innovation! Resources: Connect with and follow Chris Salierno on LinkedIn. Follow Tend on LinkedIn. Discover the Tend Website! Pick up a copy of Danny Meyer's book “Setting the Table” here!
Show Notes: In this exclusive webinar, Dr. Glenn Vo hosts Jonathan and Ali from Addit, a cutting-edge dental management platform. Together, they provide a deep dive into the transformative features and benefits that Addit offers to dental practices. Key Points Covered: Inbound Call Enhancements: Gain valuable insights during inbound calls, accessing patient details like unscheduled treatments, family information, and date of birth. Engage in meaningful patient conversations, setting the stage for enhanced patient relationships. Communication Capabilities: Explore versatile communication options, including text messages and phone calls. Easily conduct mass texting to custom lists for birthday wishes, itinerary confirmations, and appointment reminders. Reminder Customization: Create personalized reminders based on various parameters, such as operatories, providers, and treatment codes. Adapt reminders to patient characteristics, appointment status, and preferred languages. Missed Call Texts and Payment Reminders: Address missed calls with automated texts, apologizing and promising a callback within 15 minutes. Streamline payment processes with automated reminders, updating practice management software and notifying patients of outstanding balances. Internal Chat Software: Explore the internal chat feature for seamless communication within the team. Build threads and communicate like a Slack channel, ideal for Dental Service Organizations with applied IP restrictions. Patient Forms Integration: Overcome the challenges of integrating patient forms seamlessly. Addit transforms paper or digital forms into editable digital formats, ensuring accuracy and efficiency. Automated Form Reminders: Effortlessly track pending forms and receive real-time notifications. Automate reminders to prompt patients to complete forms before appointments, enhancing practice efficiency. Onboarding Process Overview: Understand the comprehensive onboarding process, including introductory demos and configuration meetings. Streamlined steps to set up phones and customize software preferences based on your practice's unique needs. Ongoing Support: Commitment to continuous improvement and customer satisfaction. A dedicated support team is ready to assist with any questions or concerns. Exclusive Nifty Deal: Schedule a demo through the provided link and receive a $50 Amazon gift card just for talking to Addit. Enjoy a 50% discount on the onboarding activation fee, providing significant savings for an integrated dental practice management solution. Closing Thoughts: Discover how Addit can revolutionize your dental practice by providing an all-encompassing, efficient, and integrated solution. If you're serious about saving money and streamlining your practice management, take advantage of the exclusive Nifty Deal. Schedule a demo today and embark on a journey towards a more efficient and productive dental practice. To learn more about Adit Software, click the link below: https://adit.com/nifty . To get FREE Dental Resources and Deals, click here: https://niftythriftydentists.com/ To join our community of over 53k Dental Professionals, click here: https://www.facebook.com/groups/niftythriftydentists
Dr. Brady Frank suffered a wrist injury when he was a D3 in dental school. It put his clinical dentistry career in jeopardy. So he focused on the business side of being a dentist, and quickly learned how to buy, build, and scale dental practices. Dr. Brady continues to be involved with Dental Service Organizations today, and he joins us to discuss the pros and cons of DSO's on the latest episode of Dentists, Puns, & Money. Listen to learn more about: The big differences between a corporate DSO and an autonomous DSO. How partnering with an autonomous DSO can help a dentist accelerate the timeline of their clinical exit.The nuts and bolts of the compensation structure when partnering with a DSO.As a reminder, you can get all the information discussed in today's conversation by visiting our website dentistexit.com and clicking on the Podcast tab. -----------------------------------------More information about Dr. Brady Frank: Freedom Dental Partners Website: freedomdentalpartners.com Become the DSO Website: becomethedso.com ---------------------------------Dentist Exit Planning Resources:Website: dentistexit.comSchedule a Discovery Meeting with ShawnSign-Up for Dentist Exit Email Newsletter--------------------------------Follow Dentist Exit on Social Media:Facebook Group for DentistsInstagramLinkedIn
For many dental practices, growth comes from engaging with Dental Service Organizations or Partnership Groups. In this episode, David Thoni talks with Dr. Jonathan Levine and Mariya about how his company's platform seeks to build a profitable patient-centric business model with high-quality results and what the role of DSOs in dentistry can be. He explains how Independence Dental Services takes care of office tasks and introduces professionals to new technologies that can facilitate their job when delivering dental care, something that can broaden their coverage with teledentistry and AI tools. Tune in and learn more about the corporate partnerships that can enhance dental practices! Click this link to the show notes, transcript, and resources: outcomesrocket.health
Dr. Rick Workman is the founder of one of the largest dental service organizations, Heartland Dental. Back in January 2016 he sat down with Dr. Tammy Bailey and myself to help us understand how he started Heartland Dental and the concept of Dental Service Organzations. Tammy is a Heartland dentist and helped to bring the owner/dentist perspective to the conversation. This conversation was timely in 2016 and the Very Dental Podcast Network brings it back to you to focus a little bit on the topic of DSOs. The next week or so will focus on this part of the dental industry with several episodes covering all aspects of DSOs! Join the Very Dental Facebook group using the password "Timmerman," Hornbrook" or "McWethy," "Papa Randy" or "Lipscomb!" The Very Dental Podcast network is and will remain free to download. If you'd like to support the shows you love at Very Dental then show a little love to the people that support us! -- Crazy Dental has everything you need from cotton rolls to equipment and everything in between and the best prices you'll find anywhere! If you head over to verydentalpodcast.com/crazy and use coupon code “VERYDENTAL10” you'll get another 10% off your order! Go save yourself some money and support the show all at the same time! -- The Wonderist Agency is basically a one stop shop for marketing your practice and your brand. From logo redesign to a full service marketing plan, the folks at Wonderist have you covered! Go check them out at verydentalpodcast.com/wonderist! -- Enova Illumination makes the very best in loupes and headlights, including their new ergonomic angled prism loupes! They also distribute loupe mounted cameras and even the amazing line of Zumax microscopes! If you want to help out the podcast while upping your magnification and headlight game, you need to head over to verydentalpodcast.com/enova to see their whole line of products! -- CAD-Ray offers the best service on a wide variety of digital scanners, printers, mills and even their very own browser based design software, Clinux! CAD-Ray has been a huge supporter of the Very Dental Podcast Network and I can tell you that you'll get no better service on everything digital dentistry than the folks from CAD-Ray. Go check them out at verydentalpodcast.com/CADRay!
Brian Colao is director and founder of Dykema’s DSO industry group. Brian created this arm of Dykema and this is the 8th year of hosting the DSO conference. Unlike other conferences, this one will be entirely in person!Brian started his career as a lawyer 25 years ago before Dental Service Organizations were an official concept. He's been on the scene to see them explode and shares his insight over how far they've come as an industry and where they are going from here. To go to the live event this year in the rockies, go to dykemadso.com .The dates are July 28-31st 2021.If you need help finding the perfect location or your ready to invest in commercial real estate, email us at podcast@leadersre.com. Sign up for a FREE vulnerability analysis and lease renewal services View our library on apple podcasts or REUniversity.org.Connect on Facebook.
Dental Service Organizations are preying on vulnerable Private Practitioners and you could be their next victim if you're not prepared. If you don't know the value of your practice stock, you need to understand the five techniques currently being used by DSO's to put the most money in their pockets, not yours.
The guns are loaded, and Dental Service Organizations are planning their attack on the most vulnerable Private Practice Owners. Will you fall victim to this great equity heist, allowing wolves in sheep's clothing to steal your equity and rob you of your practice's true value? In this episode, you will discover the single greatest move you can make if you want to ultimately sell your practice for maximum value or keep it for a lifetime of revenue.
About Emitrr Emitrr is an Omni channel (Texting, Webchat, Missed Calls, Google My Business and more) messaging platform for your business. Emitrr helps some of the largest brands reduce call volumes in the call center by converting calls to messages across different channels and helping grow revenue for businesses. Check us out at emitrr.com About Monique As a seasoned Dental Industry Specialist, Monique Kramer has spent over two decades working with individuals and companies Nationally within the Dental Industry. She brings high energy and a unique approach to relationships and networking and understanding the impact of technology, she creates innovative ideas. Monique facilitates C-Suites partnership strategies to help her clients reach their corporate initiatives. Some of her DSO's have included large corporations like SmileBrands and Pacific Dental Services. She also specializes in working with small startups to mid-size Dental Service Organizations to improve ROI's. Monique ensures each partnership is structured and solutions are backed by years of experience, Dental Industry Training, and current trends. Monique's journey began in her parent's dental lab as a Business Manager in the Pacific Northwest. She co- owned a Dental Lab with 25 employees, she then went on in her career to specialize in Operations and National Sales positions in one of the largest National Dental Labs in the country. Currently Monique serves as a Strategic Account Manager in the implant space working in large to mid-cap DSO companies. Her diverse experience along with her in depth knowledge of DSO's has elevated her ability to create innovative strategies both internally and externally. Strategies for DSO Groups include Digital Strategies (Scanning, 3d Printing), Product/Patient Education (CE), Marketing Platforms for Revenue Generation, and key financial business metrics. Drawing on 24 years of vendor networking and supply chain management and Dental industry knowledge, Monique continues to create business partner relationships that are mutually impactful and sustainable.
After Graduating from The University of Texas Health Science Center, San Antonio, Dental School in 1990, and completing a General Practice Residency at St. Francis Hospital in Hartford, Connecticut, Dr. Moser moved back to Houston. After 16 years in Private practice, In 2009, he joined South Texas Dental as the Dental Director for Houston and San Antonio regions. South Texas Dental, with over 40 offices, was the largest Medicaid providers in the state of Texas. Again, the philosophy was simple, “The Patient is the most important person in the practice. He became a Certified Speaker Trainer and Coach for the John Maxwell team, as well as an Approved speaker for Densply. Very few offer the combination of perspectives that include cosmetics, private and group practice, corporate dentistry, Dental Service Organizations, Leadership and Personal Growth. He believes great answers come from great questions, and we MUST move outside of our comfort zones to grow, and the only way that happens is intentionally.
Brian Colao, Director of Dental Service Organizations for Dykema, joins Co-Founding Partner, Perrin DesPortes, to give a general overview of where we find ourselves today- providing general guidance around employees. Including, how to deal with transitioning, terminating or furloughing employees as well as bringing them back when businesses rebound. Lastly, Brian will share his outlook on the time period that lies ahead. Contact Brian: 214-462-6409 | bcolao@dykema.comMore About Brian: Brian is the Director of Dykema’s Dental Service Organizations Industry Group. He is widely regarded as one of the foremost authorities in the United States on the corporate practice of dentistry, illegal fee splitting and the related regulations, including advertising regulations, laboratory regulations, patient finance regulations, billing regulations, HIPAA regulations, credentialing, permit and licensure regulations, marketing regulations, and labor law regulations affecting dental practices.
The dental industry seems to have a fear of the emerging Dental Service Organizations expanding footprint. No DSO has created as much fear and anxiety as Walmart and their integration of different medical and dental services in their locations. Is this something that the dental and medical industries should fear or revere? Dr. Jason Mann has been a key player in working with Walmart Health and Wellness to get this massive project off the ground. He joins Shane and Blake to give a better understanding of the "why" behind Walmart's push into the medical and dental space.
In the fast and ever changing world of Dental Service Organizations, there are many that are influenced by the Private Equity groups that have purchased them. For some of these relationships, there is more focus on Revenue Cycle Management than on Patient Care. In this episode, we talk about the relationships between PE, the DSO, and their individual practices, and how with a little effort and focus, all three of these levels can create abundance by making patient care their primary desired outcome!
Our monthly student roundtable discussion episodes are dedicated to help you navigate the at-times turbulent waters from graduation to internship to full employment in the hygienist industry. This month's episode specifically focus on the positions with Dental Service Organizations that are available to hygienists and other dental professionals across the country to. Not sure what a Dental Service Organization (DSO) is? Well thank goodness we have three guests who know what they are inside and out. We have three very qualified guests on board to discuss these employment opportunities: Rafael Rondon is a member of American Dental Partners and has been a hygienist for nearly three decades; Tammy Filipiak is the Vice President of Clinical Development for Midwest Dental and also specializes in compliance, having been a member of the organization for 15 years; and Ashley McCauley is another hygienist who joined Tru Family Dental in 2017 and has been their Director of Clinical Development for the past two years. In this episode, our guests define what a Dental Service Organization is, discuss the short- and long-term benefits of working for one, and why you might want to consider working for one as opposed to going straight for a private practice. Thank you to Paradise Dental Technologies aka PDT for providing sponsorship for this episode! EPISODE HIGHLIGHTS: Interview starts: 3:12 - What exactly are Dental Service Organizations (DSOs) and how do they fit in with clinics across the country? - Breaking down why DSOs and corporate dentistry are different and why the former are so effective at enforcing clinical standards. - What new hygienists can expect working with DSOs vs. working in a private practice. - Some key facts students should be aware of before interviewing for DSO or private practice positions. - Rafael gets into some of the long-term opportunities available for a hygienist employed by a DSO. - What kind of benefits are available to hygienists working for a DSO as opposed to a private practice? - Debunking some of the biggest misconceptions students have about DSOs. - Looking toward the future of DSO opportunities and investments. - Rafael, Tammy and Ashley dish out their biggest pieces of advice for hygienist students entering the workforce. QUOTES: “[DSOs] give us the opportunity to offer patients the best standard of care, the best materials, because we're getting them at a cheaper rate.” “It's hard to keep up with the pace of change and I think that clinician support helps to do that.” “If you want to grow and learn, a DSO's gonna help you with that.” “There's a lot of opportunity for growth within a dental support organization.” “I would like us to be stronger advocates for the care that we provide.” “If you're not just a little bit afraid you're probably not challenging yourself enough.” LINKS: Rafael's phone number: 781-606-2130 Rafael's email: rrondon@amdpi.com Tammy's phone number: 715-456-2194 Tammy's email: tfilipiak@midwest-dental.com Ashley's phone number: 715-207-9798 Ashley's email: amccauley@trufamilydental.com Thank you to Paradise Dental Technologies aka PDT for providing sponsorship for this episode! A Tale of Two Hygienists homepage - https://ataleoftwohygienists.com/ AToTH on Facebook - https://www.facebook.com/aTaleOfTwoHygienists/ AToTH on Instagram - https://www.instagram.com/ataleoftwohygienists AToTH on LinkedIn - https://www.linkedin.com/company/atoth/?originalSubdomain=ca
Our monthly student roundtable discussion episodes are dedicated to help you navigate the at-times turbulent waters from graduation to internship to full employment in the hygienist industry. This month’s episode specifically focus on the positions with Dental Service Organizations that are available to hygienists and other dental professionals across the country to. Not sure what a Dental Service Organization (DSO) is? Well thank goodness we have three guests who know what they are inside and out. We have three very qualified guests on board to discuss these employment opportunities: Rafael Rondon is a member of American Dental Partners and has been a hygienist for nearly three decades; Tammy Filipiak is the Vice President of Clinical Development for Midwest Dental and also specializes in compliance, having been a member of the organization for 15 years; and Ashley McCauley is another hygienist who joined Tru Family Dental in 2017 and has been their Director of Clinical Development for the past two years. In this episode, our guests define what a Dental Service Organization is, discuss the short- and long-term benefits of working for one, and why you might want to consider working for one as opposed to going straight for a private practice. Thank you to Paradise Dental Technologies aka PDT for providing sponsorship for this episode! EPISODE HIGHLIGHTS: Interview starts: 3:12 - What exactly are Dental Service Organizations (DSOs) and how do they fit in with clinics across the country? - Breaking down why DSOs and corporate dentistry are different and why the former are so effective at enforcing clinical standards. - What new hygienists can expect working with DSOs vs. working in a private practice. - Some key facts students should be aware of before interviewing for DSO or private practice positions. - Rafael gets into some of the long-term opportunities available for a hygienist employed by a DSO. - What kind of benefits are available to hygienists working for a DSO as opposed to a private practice? - Debunking some of the biggest misconceptions students have about DSOs. - Looking toward the future of DSO opportunities and investments. - Rafael, Tammy and Ashley dish out their biggest pieces of advice for hygienist students entering the workforce. QUOTES: “[DSOs] give us the opportunity to offer patients the best standard of care, the best materials, because we’re getting them at a cheaper rate.” “It’s hard to keep up with the pace of change and I think that clinician support helps to do that.” “If you want to grow and learn, a DSO’s gonna help you with that.” “There’s a lot of opportunity for growth within a dental support organization.” “I would like us to be stronger advocates for the care that we provide.” “If you’re not just a little bit afraid you’re probably not challenging yourself enough.” LINKS: Rafael’s phone number: 781-606-2130 Rafael’s email: rrondon@amdpi.com Tammy’s phone number: 715-456-2194 Tammy’s email: tfilipiak@midwest-dental.com Ashley’s phone number: 715-207-9798 Ashley’s email: amccauley@trufamilydental.com Thank you to Paradise Dental Technologies aka PDT for providing sponsorship for this episode! A Tale of Two Hygienists homepage - https://ataleoftwohygienists.com/ AToTH on Facebook - https://www.facebook.com/aTaleOfTwoHygienists/ AToTH on Instagram - https://www.instagram.com/ataleoftwohygienists AToTH on LinkedIn - https://www.linkedin.com/company/atoth/?originalSubdomain=ca
New Patient Group™ (Formally known as the Doctor Diamond Club Podcast)
The New Patient Group Podcast welcomes guest Chris Bentson to discuss the state of orthodontics, the private practice, DSOs and the recent lawsuit involving the Invisalign Stores.
The following episode is a combination of a variety of things as I'd like to think I'm an expert or have significant knowledge with managed service organizations, dental service organizations, because we've developed over fifteen practices over my thirty-six-year career. I've dealt with the DSOs, created my own DSOs and sold these DSOs to MSOs. For the new listeners, basically the difference is, one is venture capital and equity-backed group and the other is generally a dental-backed group. Both, along with private practices, have the same goals; that's to expand their business, make them more efficient and effective for a better bottom line. Learn more about your ad choices. Visit megaphone.fm/adchoices
DSO’s (Dental Service Organizations) are the fastest growing segment in dentistry today. It is common today for Dentists to be approached by DSO’s looking to acquire more practices. In this Thriving Dentist Show, Gary invited his friend Dr. Nezar Kassem …
Text ‘bulletproof’ to 345345 to stay in the know about our upcoming book release and the Bulletproof Summit on October 12-13th 2018 in Atlanta! Bulletproof Dental Practice Podcast Episode 71 Hosts: Dr. Peter Boulden & Dr. Craig Spodak Guest: Brian Colao, Dykema Key Takeaways: Dentistry is undergoing a great evolution and a great consolidation. There’s also massive disruption within the workspace of dentistry. There’s a lot of fear out there, and it doesn’t have to be that way. A big part of the fear is lack of information. If you can understand what the changes are, why they’re happening, and what the legal options are, there is no reason to fear change. DSO’s allow dentist owners to sell their practice to the whole world, not just to another dentist in your state. If you’re a solo office, you don’t necessarily need to be a DSO. If you plan to grow and are looking for the largest buyout possible then a DSO setup will be a great benefit. After 3 offices you’ll generally see more favorable tax treatment under the new code. Check with your CPA for specifics on your practice. A lot of specialists are forming DSO’s as well. GP DSO’s are buying specialists as well. As the whole market starts to consolidate to DSO’s, strictly referral-based services will start to lose market share. Technology is making specialty procedures a lot more doable for general dentists. The next 3-4 years will include a lot of consolidation, but right now there’s room for everyone at the table. After 5-10 years the marketplace may change, and some opportunities won’t be there anymore. Seeing 14-15x offers will most likely become less common over the next couple years. Brian predicts 6-7x offers will be the norm. There is tremendous demand from private equity to buy dental practices. There is a bit of a gold rush in the dental industry; there’s high demand and low supply. Don’t give in to FOMO; sell when it’s the right time for you. For organizations under 5 offices, it costs around $20,000-$25,000 to set up a DSO. For restructuring DSO’s, 8 out of 10 times Dykema can rework the original DSO into a better structure. Dykema’s 5th Annual Definitive Conference for Dental Service Organizations is coming up July 18th-20th. Register NOW with and use code “BulletProof” to receive discounted registration for $350! References: Private Equity is Pouring Money Into a Dental Empire
Jason and Alan are joined by Brian Colao of Dykema's Dental Service Organizations Industry Group to talk about all things DSO. Brian is involved with the creation and maintenance of DSOs all over the country and this makes him specifically knowledgeable about one of the hottest topics in dentistry today. We start with the basics: "what is a DSO?" all the way to looking at the future of dentistry and what role DSOs play. This is a fascinating conversation...you don't want to miss it! Links from the show: Dykema's 5th Annual Definitive Conference for Dental Service Organizations (use coupon code "dentalhacks" on registration for $300 off!) The Dental Hacks Nation closed Facebook group has almost 24,000 members! Head over there to interact with other Dental Hacks listeners, guests and Brain Trust members every day, all day! Remember…if you don’t have anything “dental” on your FB page, we might decline your membership request. So IM the group or email us at info@dentalhacks.com. Go check out the Dental Success Network! Jason and Alan are part of this amazing 3 pronged network: social network, CE network and buying network! Sign up and let them know the Dental Hacks sent you by using our code: DHN! I was just talking to my best friend from dental school who took the posterior course with me in Tacoma...it's changed the way he does composite restorations. It can do that for you, too. Check it out at dentalhacks.com/learningcenter. The Zirc Crystal HD Mirror...if you try it, you'll never go back. Go check it out at dentalhacks.com/mirrors. Cosmedent has been supporting the show from the very beginning. In fact...the whole idea for this podcast was kind of hatched at a Cosmedent course in September 2013. Go check out the Cosmedent Center for Esthetic Excellence and all of their courses at dentalhacks.com/cee. Maybe you'll have a great idea there, too! Premier Dental “Hack of the Week”: Premier Dental's Enamel Pro Prophy paste and PremierAir instruments Jason: By the Numbers by Addison Killeen DDS Alan: Amazon Fire TV Cube If you have any questions or comments for us please drop us an email at info@dentalhacks.com or find us (and like us!) at www.facebook.com/dentalhacks. Or, if you prefer…give us a call at (866) 223-5257 and leave us a message. You might be played in the show! If you like us, why not leave us a review on iTunes? It helps us get found by like minded people and might even help us get into “What’s Hot” in the iTunes store! Go to this link and let the world know about the DentalHacks! Finally, if you aren’t an Apple person, consider reviewing us on Stitcher at: stitcher.com/podcast/the-dentalhacks-podcast! If you would like to support the podcast you can check out our Patreon page! Although the show will always remain free to download, our Patreon supporters get access to special bonus content including (at least) one extra podcast episode every months! Also be sure to check out the Dental Hacks swag store where you can find t-shirts, stickers coffee mugs and all sorts of other things that let the world know you’re a part of the Hacks Nation