Bulletproof Dental Practice Leverage Technology for Location Growth with Brian Colao
Mar 13, 2024
53:12
The Bulletproof Dental Podcast Episode 339 HOSTS: Dr. Peter Boulden & Dr. Craig Spodak 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.