Copyright 2023 | Group Dentistry Now LLC | 1250 South Bethlehem Pike, Suite 400, Hatfield, PA 19440 | 239.567.9494, 4 Tips to Increase AI Adoption in your DSO, The Key Difference Between the Worlds First Dental Implant Partnership Network and Other Groups: One Is Way More Effective Than the Other, DSO People! These companies now manage . However, their fast growth rate has been challenging as they integrate their non clinical support services. Each office participates voluntarily in an annual Free Dental Day which has resulted in the donation of over $2 million worth of free dental work to local communities. The largest is KKR-owned Heartland Dental, which has 1,142 clinics, according to the report. Although they ensure autonomy, IDSO is an active partner in helping to drive growth when help is desired. They currently have nine non-branded locations in central Pennsylvania. Their balance of clinical and business principles has allowed a unique partner accountability and governance model to flourish in a predominantly private equity dominated DSO space. Focus on providing quality affordable dentistry at scale in markets not commonly served in the industry. Clay was a founding executive of Dental Intelligence, which gives him a unique grasp of the business of dentistry and its key dynamics. Private equity in dental care raises risk of overtreatment | Modern The long-term growth plan for the next five+ years includes continued growth and partnering with other groups who value excellent clinical care, exceptional patient experience, and an amazing and cohesive, dynamic team culture. More importantly, she noted there are no rules limiting the financial incentives DSOs can use to make dentists churn through more patients and perform more procedures. The Enforcement Unit of the Dental Board of California (Board) is seeking qualified knowledgeable licensees to serve as Subject Matter Experts. Private equity-backed dental groups and firms have been active this year acquiring practices, making investments and launching new deals. Dental Private Pay Collector Job Overview. They still need to strengthen their new brand in the orthodontic community and with brokers. Much like they preach clinical autonomy for dentists in their practices, they can now have growth autonomy. Independence Dental Services (IDSO) formed at the onset of the pandemic with eight locations in Texas, Missouri, Maryland, and Pennsylvania. The emerging group has now grown to 18 locations in Washington and Oregon. Family Dental Care, which was founded in 1986 by Alexander G. Alemis, DDS, FAGD with one location, has grown to six locations across the suburbs of Chicago with a seventh location opening soon in Indiana. Founded in 2018 by Jeffrey Grove, DMD, and Ryan Jones, MBA, Dynamic Growth Dental Services (DGDS) began with one location in Wyomissing, PA. Since inception and launch in 2019, Oakpoint has added 42 full-time doctors, 309 full-time employees, and 12 part-time employees. As part of their clinical integration model, they provide non-invasive health screenings to assist in the detection of potential health risks to patients annually. The State of Massachusetts is suing private-equity-owned Aspen Dental Management for deceptive practices, alleging that the company has "has cheated thousands of Massachusetts consumers through a series of bait and switch dental advertising campaigns in a variety of media, including online advertisements that collectively appeared millions of times, lining its pockets with millions of . Increase awareness of SG Management within dentistry as a unique opportunity for orthodontic specialists to align with a member-owned DSO taking advantage of all the benefits of a DSO without losing practice independence. With a strategy of affiliation and sub-DSO growth, they offer a second payment at the same initial purchase multiple of EBITDA growth after one year, which provides an incentive to partner for growth. Passionate and depth about DSO/DDSO demands, high level of business acumen, and a highly polished demeanor. The emerging DSO expects immense growth over the years to come, with $30 million projected in revenue by 2022 and at least five practice acquisitions slated for 2022 alone. In 2021 their affiliated practices generated $65 million of revenue. Dental Private Pay Collector Job Overview. Remaining open every day of 2020 despite the pandemic 2020 actually turned out to be a record year for them as their six offices produced nearly $23mm in revenue. Increase membership by 15 and representation in all 50 states. With a strategy of both de novo and affiliations, this pediatric specialty DSO believes in the tradition of community-based dental care. IDSO also offers their partners the opportunity to buy into the parent company shares if they choose. Product design Work with multi-location dental teams at the DSO, PE funds and PDA team to define the product/service offerings. You can read the recap and see pictures of the event, (Note: all DSOs by definition provide non-clinical support services to affiliate dental practices so they can, in turn, provide quality care to patients, while also giving dentists autonomy and affording economies of scale. As the pendulum continues to swing towards the group dentistry model, In 2021, GDN celebrated the Emerging Groups to Watch winners with an award ceremony in San Francisco. They now have 39 practices located in the New York Metro Area (New York City, Long Island, New Jersey, and Upstate New York). Their initial strategy for the first 36 months is one of acquisitions or partnerships as well as reinvestment in existing practices to fuel organic growth. ProHEALTHth Dental was founded by David J. Cooper, M.D., in 2016 with the following goals: To accomplish this, ProHEALTH Dental affiliates with medical groups and other healthcare systems to become their dental arm and provide patients with coordinated medical/dental care. Aspen Dental Management, Inc., the country's second largest DSO, has roughly 1,000 locations in 46 states. Tara Bannow. 95% woman lead and operated company, providing specialized on-the-job mentorship for clinicians to advance their abilities, and in its relentless commitment to its core mission of improving the lives of its people and patients. New DSO And Dental Group Hires, Promotions & Awards March 2023, Increased Efficacy and Efficiency During Endodontics Can be Win-Win for Our Patients and Our Practice, Patient Attitudes Towards DentalMonitoring: A Study, Group dentistry is constantly changing and evolving t. here isnt just one path to success. Engage as a Strategic Partner with Client CXOs and advise them on their business, Account level revenue budgeting and revenue forecasting, Adherence to Revenue Storm methodology and SF.com, Manage the overall operational relationship between IKS Health and the Client.