Shared Practices | Your Dental Roadmap through Practice Ownership The Multi-Doctor Practice - Year One
Nov 25, 2024
Jeff Casebier, a dentist and practice owner, shares his transformative first year managing a multi-doctor practice. He discusses the challenges of reshaping culture and modernizing systems while emphasizing the importance of trust and team empowerment. Jeff dives into the significance of co-diagnosis and how technology enhances patient communication. His insights on growth metrics reveal impressive financial increases and highlight strategies for patient retention and practice sustainability, providing a compelling look at the realities of dental practice ownership.
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First Practice Ownership Experience
- Dr. Jeff Casebeer bought his first practice in Oregon in February 2020, coinciding with his first child's birth and the COVID-19 shutdown.
- He struggled with the practice due to inadequate due diligence, leading to difficulties in increasing revenue and cash flow, and eventually selling it.
Importance of Due Diligence
- Learn from past ownership experiences, especially mistakes made in due diligence.
- Thoroughly research and analyze financials with expert help before purchasing a practice.
Value of a Practice Coach
- Engage a practice coach for guidance and support during the transition and growth phases.
- Coaches provide accountability, identify blind spots, and offer valuable training to team members.