Bulletproof Dental Practice Bringing a Knife to a Gunfight - Solo vs DSO (2024)
Jul 11, 2024
56:57
The Bulletproof Dental Podcast Episode 355 HOSTS: Dr. Peter Boulden and Dr. Craig Spodak DESCRIPTION The conversation explores the advantages and disadvantages of DSOs (Dental Service Organizations) compared to solo dental practices. We’ll discuss the operational efficiencies of DSOs, including better lab fees, insurance negotiations, procurement of supplies, technology, and data utilization as well as highlight the importance of the patient experience and the potential for solo practices to excel in this area. The conversation delves into the challenges faced by solo practitioners, such as high team salaries and the pressure to compete with DSOs. Peter and Craig emphasize the need for private practice owners to adapt and innovate in order to stay competitive. They also discuss the impact of student debt on private practice ownership and the role of technology in improving dental practices. TAKEAWAYS
- DSOs have operational advantages in terms of lab fees, insurance negotiations, procurement, technology, and data utilization.
- Solo practices can excel in providing a superior patient experience.
- Solo practitioners should focus on improving operational efficiencies and reducing expenses to level the playing field.
- Mergers between solo practices can provide economies of scale and enhance competitiveness.
- The DSO model may face challenges due to the pressure for short-term returns and the potential fallout from a changing economic landscape. Private practice owners need to be aware of the changing landscape of dentistry and the rise of dental service organizations (DSOs).
- The high amount of student debt limits options for private practice ownership and partnerships.
- The Bulletproof Summit and Bulletproof Mastermind offer valuable opportunities for learning and growth in the dental industry.