Welcome to Practice Underwater, where Dr. George Hariri kicks off part one with Scuba Steve to explore the gritty realities of becoming a practice-owning dentist.
Despite buying a messy, former Medicaid DSO-managed building, this ambitious dentist successfully transitioned into dental business ownership by immediately boosting collections from a historical $500,000 average to a $1.3 million yearly pace.
They debate the next phase of his dental practice management, comparing the merits of building a highly systematized solo clinic versus pursuing sustainable dental practice growth through a multi-doctor group.
This is a must-listen for any dentist charting an associate to owner transition who wants actionable insights on navigating the chaos of early dental practice ownership.
In this episode:
- Leaving a corporate-leaning job to purchase a 50-year-old, fee-for-service clinic.
- Overcoming massive due diligence hurdles, including locked software and missing digital access.
- Growing collections from roughly $500,000 to over $1.2 million almost immediately.
- Rebuilding a skeletal team after a legacy hygienist's retirement.
- Choosing between a highly profitable smart solo model and a multi-provider group.
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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