The Survival of the Independent Dentist is Not Assured!
 Corporate interests are taking over our industry. |
What threats are you facing in your market?Corporate interests, hedge funds and venture capitalists are buying and opening dental groups across the nation at an alarming rate! It’s clear that the dental industry is going the way of the medical industry. Today almost all doctors are corporate owned – they have lost their autonomy and are given quotas, not only for seeing patients, but for ordering tests and prescribing drugs. Dentists now face the same threats! |
“Corporate Dentistry is an unstoppable force, we just want to be an immoveable object.” – Dr. Josh Fowler, Bright Sky Dentist
Can You Compete?
How will you survive when they come to your town? Dental Management Practice Organizations have competitive advantages in many ways:
- Purchasing Power – They can buy supplies and equipment for less than you! This translates into a crippling cost advantage over independent dentists.
- Marketing Power – With as few as two or three offices in a given market area, corporate dentistry can pool their resources and buy radio, tv, print and digital marketing. This decimates your ability to have a brand niche in your market area. Their voice will always drown out yours!
- Reputation Management – Their marketing dollars can buy a better reputation regardless of the truth!
- Human Resources – With many offices and employees, they make it hard for you to compete:
- Medical Benefits
- Life/Disability/Etc.
- 401K/Retirement
- Professional Development/Continuing Education
- Paid Vacation/Paid Sick Leave
- Centralized Accounting – One bookkeeper handles multiple offices with centralized payroll, billing, accounts receivables, payables, etc.
- Centralized Collections – No need for office staff to spend time on collections. They can spend more time generating revenue.
The Dental Industry is Going the Way of the Medical Industry
In 1900 all physicians were independent. As hospitals began to proliferate, doctors began to practice in a “work shop” model. They treated the hospital as an extension of their offices. Because the doctors were the keepers of scientific knowledge and because they generated revenue for hospitals, they had a unique and paramount role. Over time the balance of power shifted. Today hospitals, backed with both public and private capital are buying out independent physicians at an alarming rate!
Physicians today are able provide near-miraculous treatments to their patients as part of the most advanced healthcare system in the world. However, they also are mired in a practice environment that often is costly, contentious, litigious and increasingly unsustainable.
The forces driving consolidation in the medical field are coming to the dental field!
Independent Dentists Can Compete!
The only way for independent dentists to remain viable, is to band together and to leverage their buying and marketing power.
Bright Sky Dental is the only organization that will empower your success while ensuring your independence…