Episode 539

How Far Can I Go as a Solo Dentist Practice Owner?

Host: Gary Takacs | Published Date: May 11, 2022 | Listening Time: 00:53:10

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How far can you go as a solo dentist practice? Is a solo practice the right model to follow now? Listen to the episode to find out!

This episode features a clinical tip from Lewis Chen on Learning to identify if your restoration is seated properly.

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In this episode, you will learn

  1. How far can you go as a solo dentist practice?
  2. What are the advantages and disadvantages of being in a solo practice model?
  3. How to determine if a solo dentist practice is right for you?

Time Stamps

  • 00:00:27 – Introduction to the episode.
  • 00:00:58 – Announcement on the upcoming Masterclass.

Today’s Clinical Tip

  • 00:02:55 – Learning to identify if your restoration is seated properly by Lewis Chen, DDS, FICOI, FIADFE

Coaching In Action

  • 00:10:40 – Gary talks about one of the 4 principles taught by Dr.L.D.Pankey.
  • 00:11:19 – Why did Dr. L. D. Pankey think that the solo dentist model isn’t the best model?
  • 00:16:06 – Why would a doctor choose a solo dentist model?
  • 00:18:36 – Why should you avoid having a revolving glass door of associates?
  • 00:19:38 – How far can you go as a solo dentist practice owner?

Q&A Segment

  • 00:29:12 – Question Number 1 – I am a newer practice owner who purchased a strong practice about a year ago. The transition went really well and I am very happy with my first year practice ownership. The previous dentist was a participating provider of many PPO plans and I followed the same path with the interest in keeping as many of his patients as possible. When should I consider starting to drop PPO plans?
  • 00:32:01 – Question Number 2 – I like being a solo dentist. However I like to grow the High Value Dentistry part of my practice. How do I attract these patients?
  • 00:39:50 – Question Number 3 – As a solo dentist, is it feasible for me to take a 3-week vacation?
  • 00:42:57 – Question Number 4 – One challenge I see in my solo dentist practice model is keeping up with the hygiene exams in my practice. I am a long time listener and I totally agree with your concepts around a hygiene driven practice. Your thoughts
  • 00:47:05 – Question Number 5 – I am drawn to the benefits of a solo dentist practice. Are there any challenges that I may not have thought about?

Resources

Grow your practice with high-quality patients using high-quality marketing tools.

More About EKWA Marketing!

Upcoming Masterclass

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Learn how to create a thriving dental practice step by step by joining the Thriving Dentist Coaching sessions.

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Six Goals6 Steps to Successfully Resign from PPO Plans

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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
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