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Beyond BitewingsThe Business Side of Dentistry Author: Edwards & Associates, PC
Beyond Bitewings focuses on helping dentists with the business side of dentistry. Our podcast episodes are a mix of outside experts, and discussions within our own team of CPA's, financial planning, and business experts. This is the podcast for those looking to strengthen your dental practice, run a practice more smoothly, and increase your take-home pay. Language: en Genres: Business, Entrepreneurship, Management Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Is Buying a Dental Practice Still Worth It?
Episode 116
Thursday, 15 May, 2025
In this episode, Ash discusses the evolving landscape of dental practice ownership, particularly whether it’s still worth buying or starting a dental practice. Ash explains that the decision is much more nuanced than it was a decade ago. Factors such as market saturation, shrinking reimbursement rates, and increased competition from DSOs and PE-backed practices mean that buying or starting a practice requires extensive research and self-reflection. The conversation covers challenges unique to both startups and acquiring existing practices, including location selection, identifying business models, and coping with the demands of being both a clinician and a business owner.He also addresses the realities of working with DSOs, selling a practice, and the trade-offs of joining larger organizations versus independent ownership. He also talks about why it's important to understand your career goals, personality fit, and risk tolerance amidst a shifting generational mindset and increasing concern about burnout.Key Topics Discussed:The current viability of buying or starting a dental practiceThe impact of urban saturation and DSOs/PEs on dental ownershipKey factors and research required for successful startupsStartup vs. acquiring an existing practice: pros and consBusiness acumen and the challenge for cliniciansEffects of market demographics, location, and business modelsLender requirements for practice acquisitionThe importance of team dynamics in transitionsDifferences between selling to DSOs vs. individual buyersAlternative equity opportunities for associatesGenerational differences in ownership goalsBurnout and realistic career considerationsPlanning for exit strategies and financial obligations
