Guest post by Dawn Christodoulou, President/Owner of XLDent
Dental practice ownership has indeed been in a state of change over the last 10-15 years. The landscape of corporate practices and multi-owner practices is something of a norm. But it hasn’t always been this way. Single-owner private practices are evolving.
Why the shift?
Traditionally, a dental office consisted of one office with a single practitioner owner. Recent years have seen a trend towards alternate models, which include DSOs (Dental Service Organizations) and corporate clinics. To maintain a dentist-owned status while having the flexibility to expand your business, some are opting for a multi-location practice.
Corporate and large-scale DSOs often provide expanded services, extended hours, and other patient conveniences. Competing with these practices means you must be focused on providing premium patient care. This may mean creating a practice of specialty colleagues to provide all services “under one roof”. If you aren’t ready to own a multi-specialty practice, consider connecting with colleagues nearby to build a streamlined referral network. Patient experience is a priority and creating a practice of personal, patient-focused care will help you stand out from the competition.
What changes will you be making?
Owning multiple dental practices can be rewarding, exciting, and profitable if properly executed. Multiple locations can help to position yourself in a way that allows you to be more competitive which could mean double income potential, but also, double stress and increased overhead. To be successful and competitive you need to have done the proper planning to take on a second, third, or more facilities.
Infrastructure and operations are the backbone of any successful business, and your dental practice is no exception. As you look at your management software and elements needed to run multiple locations, you might first think cloud. The good news… you don’t need a cloud-based system to make this happen. The key is a robust practice management system that already has everything you need to run your multi-location business efficiently and effectively.
The XLDent replication solution helps multiple locations run seamlessly while utilizing one single database. Or, your preference may be to keep independent data for each, while accessing XLDent at all locations throughout the day. Whichever you choose, your team will be able to run a cohesive, streamlined operation at various locations around town. Plus, practice owners can stay informed about the practice(s) with the XLDent KPI Dashboard. This bird’s-eye view lets you see current practice stats anywhere, anytime.
Whether you’re a sole practice or are considering branching out with a team of associates and specialists on board, your management software solution is one important factor in making it a success.
To connect with someone from XLDent, call 800-328-2925 or email email@example.com
Dawn Christodoulou is the President/Owner of XLDent. She has more than 25 years of experience computerizing dental offices and helping both new and established practices streamline electronic workflows for increased efficiency, improve patient engagement, and achieve maximum profitability. Dawn is also a member of ADA SCDI Working Groups 11.1 Standard Clinical Architecture and 11.9 Core Reference Data Set.