1 / 4

Build a Practice Within a Practice as a Dental Business Strategy

#Skytale,<br>#de_novo_growth,<br>#healthcare_consultant_dallas,<br>#mergers_and_acquisitions_dallas,<br>#financial_consulting_dallas,<br>#plastic_surgery_consulting,<br>#cosmetic_surgery_consulting,<br>#dental_consulting_firm,<br>#medispa_for_sale,<br>#med_spa_industry,<br>#cosmetic_surgery_consultant,<br>#medical_spa_industry,<br>#dental_industry_consultants,<br>#novos_growth_partners,<br>#advanced_medaesthetic_partners,<br>#m&a_advisor_dallas,<br>#financial_advisor_in_dallas_tx,<br><br>

Skytale
Télécharger la présentation

Build a Practice Within a Practice as a Dental Business Strategy

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. BuildaPractice WithinaPracticeasaDentalBusinessStrategy WhatIsa Practice Withina Practice? Fordentalpracticesconsideringscalingandgrowingthebottomline,youmay wantto considerbuildingapracticewithinyourpractice. But what exactly doesthatmean? Weliketothinkof itasgrowingpatientsandrevenue withinoneareaof yourpractice— like Invisalign®, implants, or even aesthetics. This strategy works well for owners who offer a wide range of services. It allows you to focus on growth in a key area—which can benefityourpractice overall. This dentalbusiness strategycan open up opportunities to earn more revenue, bring in more patients, and provide a more comprehensive patient experience.

  2. What Dental Services Work Best for This Dental Business Strategy? • If you’re thinkingaboutbuilding apracticewithin apractice,getcreativeandlook at yourservicemix!Youmightbeable toidentify whichservice would work well.But toget youstarted, hereareafewideasof potentialservicesforthisdentalbusinessstrategy. • Dentures andimplants:Thesefitinsmoothly withgeneraldentistry.Andpatients whoare candidatesfordenturesare alsooftencandidatesforimplants.This opens thedoortoimplant-supporteddenturesforpatients withnoteethat all. Plus,itcan boostthepatient’svaluewithin yourpractice. • SleepapneaandTMDtreatment:Manypeople inthe U.S.havea sleepbreathing orairwayissuethatleads tosleepapnea. Andtemporomandibularjointdisorder, or TMD, is another common ailment. This type of practice within a practice could use onediagnostic systemtoidentifyandtreat bothsleep apneaandTMD. • Orthodontics:Invisalign andotherclearalignersare inhighdemand. Andif your practicecanaddan orthodonticsdepartmentandhaveadedicatedassociate, you’ll • reapthebenefits. • Facialaesthetics:Withdentistsinmany statesnowbeingabletoofferlaserand injectableservices,thisserviceisemergingasagoodoptionfordentalpractices. You candelegatethe proceduretoan associatetostart. Aspatient volume increases, considerhiringaninjectororaesthetician toincrease professionalismandexpertise.

  3. What Makes a Dental Service a Good Practice Within a Practice? • It mighthelptocheck whetheraservice wouldactually profitasapractice withina practice.Hereafewqualitiesofsuccessfulservices: • Highprofitmargins • Your existingpatient basewould benefit from the service • You couldacquirenewpatientsexplicitly forthe service • Youcouldhandofftheservicetoanotherprovider • Notoften commoditized by thegeneral public • Canbeadvertisedseparatelyfromthedentalofficebrand • You can see an increasein valuemonthtomonthwiththe service • Youcould eventuallyraisethesaleprice • If youplan tosellyourdentalpractice orDSOsomeday, considerthat profitsare valued muchhigherin themedicalaestheticsworld.Soaddinganaesthetic practice within your practicecouldhelpbuildmaximumvalue. • Steps forBuilding aPracticeWithin aPractice • Hereareafewstepstohelp yourpracticewiththisdentalbusinessstrategy: • 1.Acquire customers: Think back to when you started your practice. You likelymarketed,madeconnectionsinthe community,and trieddifferent methodsthatbrought patientsthroughyourdoors.Whenlaunchinga practicewithinapractice, youcanleverageyourexistingpatientflow. But also considerhowyoumight useyournewservicefocustodrawnew patientsin,aswell.

  4. Create auniquebrand:Thenewpracticewithinapracticemight livein yourcurrentfacility.Butithelpstocreateauniquebrand,marketingplan, budget, andcustomerexperience. Train staff:Youcanteach yourprovidersto keepaneyeoutforpatients who are good candidates for the practice within a practice. This might includescreening,educating,andreferringpatients.Plus,learnthesecase acceptancestrategies. Find GuidanceforYourDental BusinessStrategyWith Skytale AdentalconsultinggrouplikeSkytalecanbethekeytoacceleratingyourgrowth. Scaling— andeventuallyevenselling—a DSOishardwork,butourteamofprofessionalscanhelp you get there.Get in touchwithustostart theconversation!

More Related