As a dental practice, having the right data can make all the difference in understanding what’s working and what isn’t. Gathering and analyzing data can help identify new opportunities, optimize existing services and procedures, improve customer feedback, understand financial performance metrics, and keep up with local industry trends. Recognizing and taking advantage of the opportunities presented by this data will be key to helping your practice reach its potential.

Types of Data to Consider

When gathering data to help improve your dental practice, there are several key types of information you should consider. These include patient demographics, services offered, customer insights, financials, and local industry trends.

Social media has become one of the most important tools for businesses seeking to expand their reach and grow their customer base. From creating engaging content to building strong relationships, social media can be a powerful tool when used correctly – especially in the dental industry. In this blog article, we will discuss how to use social media to effectively promote your dental practice and gain more customers.

Are you a dentist looking to expand your practice? If so, you know that this can be an overwhelming process with many unpredictable factors. A strategic plan is an essential part of any successful business initiative, especially when it involves growth and diversification. In this blog post, we’ll explore ways to lay a strong foundation for expansion through goal setting, action planning, and performance tracking. With these strategies in place, you’ll be well on your way to successfully growing and sustaining your dental practice!

You might be surprised to hear that there’s 1 singular key factor when it comes to maximizing your DSO’s offer.

It’s not about your practice.

It’s not about the money.

It’s not about haggling or negotiating …

It’s all about YOU.

As you’re looking at the possibility of working with a DSO, or trying to find the right match for you …

You might wonder, what kind of dentists do DSOs want to work with anyway?

The idea of “corporate dentistry” might sound daunting, or offputting, but the truth of the matter is far different than you expect.

In this article, I explain not just what kind of dentists DSOs look to work with …

But WHY they like to work with these dentists, and HOW they are so beneficial to work with.

This is really “the answer” to “what’s in it for me?” and “can I benefit as well?”

If you’ve followed along for a while now, and still haven’t decided to work with a DSO …

I’d like to point out just how life-changing this can be.

I’ve shared some of these stories before …

Like from R. W. DDS, who said “Working with Stan Kinder has been the best decision of my career … my life is better in every way.”

There is a massive disruptive change hitting the dental profession NOW.

Dental Service Organizations are making their mark and transforming the industry by buying many practices and changing the way practices operate.

In short, competition is increasing as DSOs leverage their deep capital-rich pockets to invest in operational advantages that are challenging the way solo practice owners do business.

I frequently talk with a sense of urgency when it comes to working with DSOs.

Part of the reason is because more and more investment groups are waking up to the extreme profitability of the DSO structure.

Because of this, DSOs are growing like never before.

Right now, we’re essentially in a “seller’s market” for dental practices …

So, a DSO can offer a LOT more for your practice than any other buyer …

How can they do this?

How can they be SO competitive as to pay multiples more, and still make a profit?

The money has to come from somewhere …

This is why the DSO opportunity is so GOOD right now, and why it is honestly foolish to not at least explore the possibility for your practice.

(Yes, even if you haven’t thought of selling)

I wrote about this phenomenon here:

I have talked a lot about the benefit of working with a DSO, whether that means outright selling your practice, or entering into a partnership …

It’s easy to see in the numbers why, over the short term, chosing a DSO is a great idea.

(In short, they can pay multiples more than any other buyer for yoru business)

But what about the next 5-10 years?

Here are 5 reasons DSO are set to win in the current market environment: