Episode 485

Funding Future Technology

Host: Gary Takacs | Published Date: April 28, 2021 | Listening Time: 00:55:29

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One of the everyday things amongst successful dental practices is that they constantly invest in the latest dental technology. But not all dental practices have the same budget.

In this episode, Gary Takacs talks about how you can invest in the latest dental technology on a budget.

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By investing in the latest technology, you can take better care of your patients and make dentistry more fun for the dentist and his team.

In this episode, Gary explains

  • Why you should never think and approach technology is a one-and-done thing.
  • The importance of having a step-aside account.
  • Some technologies you need to invest in right now.

Time Stamps

  • 00:00:25 – Introduction to the episode
  • 00:01:08 – Announcement on The Thriving Dentist Masterclass

Coaching In Action

  • 00:04:16 – Why do world-class practices invest in technology?
  • 00:05:50 – Can you invest in technology in a way that works for your budget?
  • 00:06:30 – Gary shares an experience of how to save to invest in technology.
  • 00:12:36 – Gary talks about a few points on investing in technology.
  • 00:15:36 – How can you invest in technology with a limited budget?
  • 00:23:51 – An example of how you can invest in technology on a budget.

Dental CPA Insight (Financial Tip) Segment

  • 00:27:36 – Planning charitable contributions by Art Wiederman, CPA

Q&A Segment

  • 00:33:18 – Question 1 – Since I have started successfully resigning from PPO Plans, my practice finances are improving. Thank You, Gary! Now I want to use some of these funds to upgrade my technology. Where do you recommend starting?
  • 00:39:22 – Question 2 – I place and restore implants and currently use an imaging center to take CBCT images. They are located a few blocks from my practice. Would it make sense for me to invest in this technology?
  • 00:43:57 – Question 3 – Where would you invest 5,000 dollars in today’s dental technology?
  • 00:47:30 – Question 4 – Gary, I know your practice is state of the art in technology. What do you feel was your best technology purchase?


Gary Takacs

Gary Takacs 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.

As a dental practice coach, Gary provides guidance for dental professionals on how to create a healthier practice style that lets them deliver excellent patient care while reducing depending on insurance.

More importantly, Gary’s insights are not just based on theory – as a co-owner of a dental practice, he has first-hand experience in making this transformation from a high-volume and low-fee insurance model to a fee-for-service approach that is more sustainable and promotes a patient-centric and financially healthy dental practice, and he is dedicated to sharing this knowledge with other dental practitioners via the popular Thriving Dentist Show!
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Podcast Assistance by Jodey Smith, Rodecaster Expert