Scaling Smiles: Franchise vs DSO vs Solo Practitioners

 

In this episode of the KiDDS Biz Podcast, Davin Bickford, Dr. Ashley and Dr. Colton Flake discuss the journey of transitioning from corporate dentistry to establishing a successful independent practice. They explore the challenges and opportunities within the dental industry, including the role of franchises, financing hurdles, and the importance of networking. Dr. Flake shares insights on building a doctor-driven DSO and the future of orthodontics and pediatric dentistry, emphasizing the integration of both practices for enhanced patient care. In this conversation, the speakers delve into the challenges faced in the dental industry, particularly in orthodontics and pediatric dentistry. They discuss the importance of networking, the value of transparency in practice management, and the complexities of staffing post-COVID. The conversation also highlights the significance of understanding value over mere percentages in partnerships, the necessity of building a practice identity beyond the owner's name, and the strategic implementation of membership plans to enhance patient loyalty and practice profitability. Finally, they explore the critical KPIs that drive success in dental practices, emphasizing the need for a collaborative and value-driven approach to practice management.

Dr. Ashley TiKTok: https://www.tiktok.com/@socopdo

Dr. Ashley Instagram: https://www.instagram.com/socopdo/

WildSmiles Braces: https://www.wildsmilesbraces.com/doctors/

WildSmiles Instagram: https://www.instagram.com/wildsmilesbraces/

 

Chapters

00:00 Unlocking Success in Pediatric Dentistry
02:00 Transitioning from Corporate to Independent Practice
05:49 Exploring Franchise Opportunities in Dentistry
09:47 Navigating Financing Challenges in Dental Practices
13:57 Building a Doctor-Driven DSO
18:06 The Future of Orthodontics and Pediatric Dentistry
22:00 Integrating Pediatric and Orthodontic Practices
26:01 The Role of Networking in Dental Success
32:54 The Challenge of Perception in Dentistry
35:46 Navigating Staffing Challenges Post-COVID
39:06 Understanding Value Over Percentages in Partnerships
42:44 Building a Practice Beyond Your Name
47:41 Balancing Pediatric and Orthodontic Practices
51:22 Membership Plans: Strategies for Patient Loyalty
56:12 Creating Value Beyond Revenue in Dental Practices

Keywords

pediatric dentistry, orthodontics, dental practice, DSO, franchise, financing, networking, practice management, business strategies, dental industry trends, dentistry, staffing challenges, partnerships, practice growth, membership plans, patient loyalty, dental practice management, orthodontics, pediatric dentistry, value creation