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In this episode of The Thriving Dentist Podcast, Gary is joined by Ian McNickle to provide an insightful look into the evolving role of DSOs. Together, they discuss the misconceptions around DSOs, often labeled as “corporate dentistry,” and explore the real advantages they can offer, such as enhanced practice valuations and financial stability.
Gary and Ian also examine how DSOs can provide support to dentists at various career stages while addressing the growing need for a healthy work-life balance in the dental profession. This episode is a valuable listen for anyone interested in understanding the potential of DSOs to shape the future of quality care in dentistry.
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Understanding The DSO Landscape: www.icondentalpartners.com/learn
Timestamps
CIA Segment
- 00:09:33 – Gary shares his perspective regarding his experience with DSOs.
- 00:10:05 – Introduction to the guest’s background.
- 00:14:25 – Discussion on why DSOs often get a bad reputation and are labeled “corporate dentistry” with a negative tone.
- 00:18:51 – Gary expresses his interest in DSOs.
- 00:20:45 – Why a practice can be worth more when sold to a DSO.
- 00:26:28 – How to determine your EBIT.
- 00:31:13 – Reasons a dentist might consider joining a DSO at various career stages, beyond just retirement age.
- 00:33:59 – Discussion of the “silent crisis”: a lack of effective work-life balance.
- 00:47:16 – Insights on what the future holds for quality within DSOs.
Resources
Gary became a successful practice owner by purchasing a fixer-upper practice and developing it into a world-class dental practice. He is passionate about sharing his hard-earned insights and experiences with dental practices across the globe.