Welcome back to Practice Underwater, where host Dr. George Hariri joins guest Nesto to analyze the messy operational realities of expanding your portfolio through acquisitions in dentistry.
They break down critical dental practice management changes at Nesto's second office, exploring how he reversed a historical cash loss into a break-even operation while mapping out sustainable dental practice growth.
The conversation dives into a massive debate surrounding acquisitions in dentistry: whether Nesto should follow his CPA's financial management for dentists advice to downsize into a single clinic, or stay committed to his long-term vision of multi-provider group practices.
For clinicians navigating an associate to owner transition, managing team bottlenecks, or scaling multiple acquisitions in dentistry, this is a must-listen for scaling clinical efficiency and portfolio profitability.
In this episode:
- Managing a two-office portfolio solo after a partnership split doubled the expected ownership workload.
- Shifting a slower second practice from a historical cash loss to a stable financial break-even status.
- Solving front desk and assistant staffing bottlenecks to protect clinical production schedules.
- Executing a four-point plan centered on targeted hiring, phone conversions, hygiene retention, and case acceptance.
- Migrating to an all-in-one cloud practice management software to slash administrative hours.
Whether navigating an associate to owner transition or vetting acquisitions in dentistry, this is your survival guide. Ready to scale your dental practice ownership?
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https://sharedpractices.com/ for our "Free Look" service and follow our social channels for roadmap updates. Join the community and turn your clinical skills into a thriving business.
What is Shared Practices | Your Dental Roadmap through Practice Ownership?
Shared Practices is the go-to podcast for dental business owners who want to grow and elevate their practices. Whether you're an experienced practice owner or an aspiring entrepreneur, Shared Practices offers a wealth of resources tailored specifically to the dental industry.
Hosted by Dr. George Hariri, the podcast delivers fresh, relevant content every Monday. From practical advice and expert interviews to deep-dive discussions, Shared Practices gives dentists the insights they need to become better business owners. Whether you're scaling your practice or just getting started, you'll find valuable guidance here.
We're changing the way dentists approach practice ownership. Join us on this journey at sharedpractices.com/podcast.