Today, close to 20% of the dental industry is operated by DSOs and it’s expanding rapidly: DSOs grow at an annualized growth rate of 13% while single offices are shrinking 7% each year. Single office owners are feeling the pressure on their market share -- but also seeing the opportunity. They don’t want to be a part of corporate dentistry and are hungry to grow on their own. The problem is, many launch into growth and then quickly tumble back down. They don’t know what to expect when they buy or build that second, third, fourth office. Who to hire? How to hold them accountable? What business model - partner/no partners, branded/non-branded, acquisitions/denovos? If you think you’re ready to grow, come learn what you’ll need to know before you embark on the DSO journey. What are the most common pitfalls and how do you avoid them? What tools will you need to develop and thrive? Learn the answers from an industry veteran who has grown, led and sold multiple group practices over a 20 year career.
Objectives:
- The history of DSOs
- The advantages and challenges of practice growth
- The knowledge and tools you need to grow beyond a single office
- A better idea of whether you should partner with other practices to create a group; sell to a DSO; or build your own DSO