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The dental industry is going through a consolidation pattern. Group practices and corporate dentistry are gaining momentum over the single practice. The escalating cost of tuition for dental school is burdening young dentists with debilitating student debt. These students are leaving dental school and looking for jobs. This demand for dentist wanting jobs creates an environment for group practices and corporations to scale their business model.
Vince coaches singular and multi-location practices how to gain competitive advantage and compete with larger corporations. Some of these key advantages include accounting, marketing, supply and lab fee negotiations, increased insurance reimbursements, hiring and training support.
In many of these areas larger groups and corporations spend a smaller percentage of their revenue than the single practice. This makes them more profitable and therefore more competitive.
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