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Bulletproof Dental Practice

Dentistry is evolving - Is your practice BULLETPROOF? Marketing. Systems. Leadership. Proven strategies to grow your practice with co-hosts Dr. Peter Boulden and Dr. Craig Spodak.
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Leverage Technology for Location Growth with Brian Colao 0
Mar 13, 2024

 The Bulletproof Dental Podcast Episode 339

GUEST: Brian Colao
 
TAKEAWAYS
  • The dental industry is experiencing a shift towards same store growth as M&A activity becomes more constrained.
  • Understanding your EBITDA is crucial for practice growth and valuation.
  • Culture plays a significant role in practice value and patient satisfaction.
  • Innovation, technology, and AI are driving same store growth and improving patient care.
  • Joining a DSO can provide dentists with more opportunities for career advancement and financial stability. Working for a DSO can provide greater job security and protection against unpaid wages compared to private dental offices.
  • DSOs have better quality control measures in place, ensuring a higher standard of care for patients.
  • The dental profession is expected to become more consolidated, with DSOs accounting for a larger percentage of practices.
  • As consolidation increases, valuations are likely to rise due to decreased supply and increased demand.
  • The consolidation of the dental profession may pose an existential threat to insurance companies.
  • Market conditions, including interest rates and political factors, can impact deal flow in the dental industry.
  • Building a business that you don't want to sell can be a viable alternative to selling, but it's important to choose the right growth partner.
  • The DYKEMA Summit is an annual event that brings together dental professionals to discuss industry trends and best practices.
 
Chapters
00:00 - Introduction and Setting the Stage
01:19 - The Pulse of the Dental Industry
04:13 - The Importance of Knowing Your EBITDA
07:56 - The Changing Landscape of Dental M&A
12:43 - The Importance of Culture in Dental Practices
18:46 - The Transition to Same Store Sales Growth
23:05 - The Impact of Technology and AI in Dentistry
31:28 - The Advantages of Joining a DSO
34:43 - Benefits of Working for a DSO
35:49 - Quality Control in DSOs
37:03 - Consolidation of the Dental Profession
39:35 - Potential Threat to Insurance Companies
44:40 - Building a Business to Keep or Sell
49:43 - DYKEMA Summit
 
 
 
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