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The Heathcare Industry

Decent Essays

We all know that the healthcare industry has been going through significant transformation. However, while many Americans struggle to obtain the oral health care they need, dentistry has remained largely untouched by reform. Though much has been written about the access issue, a look at the current environment in which dental practices are operating yields some interesting solutions and fodder for conversation as we look at ways to serve our growing population.

The challenges for traditional, sole practitioners are many; younger dentists enter the market with significant debt – upwards of $300,000 from dental school – and often have difficulty purchasing the necessary equipment, which can cost more than $750,000, to provide outstanding clinical care. In search for a solution, more dentists are realizing that there is power in numbers. Group practices, those with at least five dentists, are on the rise and becoming a growing fixture in the dental industry. One of the main reasons is that many are leveraging a new, progressive business model that employs dental support organizations (DSOs) to help with administrative and IT tasks. This partnership lets dentists focus on just being dentists while cutting costs and improving their job satisfaction.

While traditional, solo practitioners still dominate dentistry, the tide is starting to shift. In 2010, 69 percent of dentists were solo practitioners, down from 76 percent in 2006. By comparison, large group practices have

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