The Dentalpreneur Podcast w/ Dr. Mark Costes

On today's episode, we have insights from Debbie Dotson, the office manager behind some of the most successful dental practices led by Dr. Summer Kassmel in Colorado. Expect to dive deep into the flaws of typical dental onboarding, the importance of hiring aligned with core values, the necessity of a clear organizational chart, and the art of selecting a universal trainer. Debbie's 20-minute masterclass from our St. Louis mastermind meeting is packed with actionable advice, so grab your pen and paper—you won't want to miss a beat! Don't forget to join us at dentalsuccessnetwork.com to continue the conversation and access a plethora of resources tailored for dental success. EPISODE RESOURCES https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast

Dr. Weston Spencer, accomplished cosmetic dentist and dental partnership group co-founder, joins Dr. Mark Costes to discuss the future of dental practice consolidation and group partnerships. They explore the current state of industry consolidation and the ideal characteristics of a dental practice that would attract high valuations from DSOs and private equity firms. Dr. Spencer shares insights into SPP Dental Partners and their unique model that seeks minority partnerships with practices. They cover the benefits of joining a group like SPP and the investment opportunities for dentists within the industry.

Dr. Weston Spencer, an accomplished cosmetic dentist and dental partnership group co-founder, shares his journey in dentistry and growth strategy from single-tooth to comprehensive dentistry. He emphasizes the importance of patient engagement, building a team culture, and investing in staff. Dr. Spencer also discusses his innovative dental partnership group, SPP Dental Partners, and the growth and operational aspects of his own practice. Tomorrow, join us for the exciting conclusion to this insightful interview.

Dr. Dan Briskie and Dr. Taher Dhoon from the Colorado Surgical Institute discuss advanced prosthetics & conversions, exploring traditional analog approach, hybrid & removable prosthetics, restoration of implants, and the integration of modern technology. They also discuss strategies for prosthetics and conversions, the importance of delegating tasks, using rapid appliances and printers, digital workflow in dentistry, creating full arch prosthetics, and express gratitude to the listeners.

This podcast discusses the value of dental practices, the influence of consolidation in the industry, the personal aspects of selling a practice, and various transaction styles. The overarching narrative emphasizes the need for dentists to be informed and organized in their approach to practice valuation and sale.

A 2-part series featuring industry experts discussing whether dental practice owners should sell their practices or continue independently amidst industry consolidation. Topics include trends in consolidation, risk management, financial planning strategies, and the evolving nature of Dental Service Organizations. Insights into the complexities facing dental professionals in today's changing landscape.

On today's episode of Mark's podcast, we are delving into the world of dental practice financials. Hosts Dr. Summer Kassmel and Ashlee Hirschfeld, joined by Jake Conway and Dr. Monica Urda, continue their informative discussion. If you're just tuning in, consider listening to Part 1 first for a foundational understanding of the topics covered. This episode delves into the intricacies of ideal hygiene care KPIs and exam numbers, discussing the paradoxical effect of too many periodic exams on production and case acceptance. The phenomenon of exam fatigue and its impact on case acceptance is also explored. The conversation then shifts to strategies for maximizing production and profitability, including reducing personal clinical time. The return on investment associated with proper onboarding of associates and overall systemization is analyzed. The episode concludes with practical advice on quickly reducing overhead percentages, a crucial aspect of financial management. We hope these episodes have provided you with actionable insights. If you've skipped Part 1, it's a valuable resource for understanding the financial aspects of dental practice management and sets the stage for the topics discussed in this episode. Be sure to check it out! EPISODE RESOURCES https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast

On today's episode of Mark's podcast, we are delving into the world of dental practice financials. Hosted by Dr. Summer Kassmel and Ashlee Hirschfeld, and featuring Jake Conway and Dr. Monica Urda, this episode is a goldmine of insights on financial management for dental practices. This discussion, taken directly from a DSN webinar in the Lady Leaders Group, is essential listening for anyone keen on grasping the nuances of dental practice finances. The discussion begins with a comparative analysis of accrual versus cash flow accounting, highlighting the impact of each method on a dental practice. The importance of a well-organized chart of accounts is emphasized, clarifying its role in financial management. A critical segment on analyzing overhead and profitability follows, offering strategies for maintaining financial health. The episode also cautions against taking advice from CPAs without understanding the basics of cash flow and personal business health. The significance of accurate categorization and auditing is addressed, alongside an exploration of fixed and variable expenses. Jake Conway introduces his symptom-cause-solution approach, vital for analyzing and resolving cash flow issues. Stay tuned for Part 2 of this enlightening discussion where we delve deeper into maximizing growth and profitability through KPIs and analytics. If you haven't listened to Part 1 yet, we highly recommend going back to gain a comprehensive understanding before jumping into Part 2. EPISODE RESOURCES https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast

On today's episode, join Steve Steinbrunner, from Provide Financial, at the recent presentation at the TPL event in San Diego with his presentation titled "Navigating Dental Lending". Steve delves into how technological advancements have revolutionized the traditional processes of borrowing money, highlighting the positive disruptions in the banking industry. He provides insights into calculating one's liquidity number and the impact of credit card balances on this figure. The discussion also covers the practicality of engaging in associateships for those launching startups. Steve further elucidates the formal loan approval process, including the nuances of locking in interest rates and the distinctions between lending for startup ventures versus established practices. An essential part of his presentation addresses how banks and underwriters perceive practice expansions and the significance of holding the first position in banking. Notably, he explores the strategy of leveraging equity in one's practice as a down payment for new loans. A critical point of discussion is the use of personal assets, such as one's home, as collateral in conventional business lending. This episode is especially valuable for dental professionals looking to expand, acquire, or start their practices, providing them with a deeper understanding of the financial landscape and strategies for successful borrowing. To gain more wisdom on launching your practice successfully, check out The Practice Launchpad at https://www.thepracticelaunchpad.com EPISODE RESOURCES https://www.thepracticelaunchpad.com https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast

Dr. Dan Briskie and Dr. Taher Dhoon discuss techniques to avoid incision line opening in dental surgery, including proper suturing, choosing the right materials, and spending enough time on the closing step. They also introduce a new protocol involving Botox to prevent infections and bone loss. The podcast addresses the challenges of long procedures and provides strategies to maintain focus and energy. Upcoming courses at the Colorado Surgical Institute are also mentioned.