The Dental Economists: Discussing Practice Growth

Dental Economics: It's complicated

A dentist's life is complicated. Money moves differently in (and out of) the life of a dentist compared to any other professionals. Most dentists don't have an MBA or professional experience in finance & economics... but a dentist must make mission-critical money decisions at every milestone of life. Fresh out of dental school, you will worry about student loans, clinical training, educational advancement, and adequate compensation. A few years into dentistry, and you'll want to own your own practice & building. As you age, you'll grow your practice and acquire other practices and real estate. In later years, you will look for your successors. WHO will you trust to help you make major life decisions?

After working for over 300 clients

Parthiv helps dentists "make it rain." As a practice growth scientist and money mathematician, Parthiv looks at the numbers from a unique perspective. Unlike an accountant or a CFO who looks at the money you make & spend, Parthiv looks at the money you haven't made yet. Parthiv dives into Dental Intel to look at unscheduled Tx, unconverted leads, and lost opportunities and finds pockets of opportunities where you can harvest practice growth dollars from low-hanging fruits. These funds can be re-invested in building marketing machines that can acquire new leads and indoctrinate/educate patients on importance of treatment. Parthiv is the first point of contact in Dental Economists because Parthiv feeds the economic data to everyone else.

Growth by Acquisition OR A Profitable Exit Plan

Every dentist will go through an M&A (Merger and Acquisition) conversation with key stakeholders several times during the practice lifecycle. Whether you need to consider hiring an associate, placing an associate on partner track, acquiring a practice in your town, buying the real estate where your practice is located, bringing your adult dentist children into your practice, or selling your practice to an even larger practice or DSO, Stan Kinder can help you evaluate your current state and understand the valuation of your practice.

About Dr. Carlo Biasucci

Dr. Chris Phelps helps dentists learn how to place implants and make implant case presentations.