Dentists, Lilly Pads, and YOUR Future!

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Dentistry is changing quickly, think back to the first time you saw a large dental office. Now think to when you heard of a group of dental offices with centralized back office services called a Dental Service Organization (DSO). As of 2018, 15% of all dental offices are DSOs and this has occurred in a short period of time. Check out Episode 14 – Dentistry Beyond DSOs of the podcast What’s Next Dentistry to hear more.

The following French riddle illustrates what may be happening with DSOs, dentistry, and YOUR Future. “A lily pad is growing in a pond and it doubles in size every day. After 30 days it covers the entire pond. On what day does it cover half the pond?

For a long time the lily pad seems small, and so you decide not to worry about cutting it back until it covers half the pond. On what day will that be? On the twenty-ninth day, of course. You have one day to save your pond.” – The Limits to Growth – A report for the CLUB OF ROME’S project on the predicament of mankind. Donella H. Meadows, Dennis L. Meadows, Jørgen Randers, William W. Behrens III – 1972

What is the doubling time for DSOs? We don’t know. However, for the moment, DSOs are growing quickly.

With this in mind let’s look now at the latest things happening in Dentistry:

1) Dental Insurance Companies hire participating dentists to work for them.

2) Dental Insurance Companies are buying and owning dental practices and DSOs.

Let’s look now to the future:

1) Medical insurance companies and other health companies buyout dental insurance companies.

2) Dental expenses are covered by medical insurance, which drives down the cost of care to patients.

The future of dentistry is unfolding right now and there is a lot happening. Check out Episode 14 – Dentistry Beyond DSOs of the podcast What’s Next Dentistry to hear more.

If you are entrepreneurially inclined I would love to speak to you and hear your opinion about the future of dentistry. Please reach out to me via LinkedIn or Dr.Sivers@Laeta.com to continue the conversation.

Enhancing Your Performance: Giving Yourself the Advantage

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Each April the Boston Marathon takes place. In 2018 torrential rain and temperatures in the 30s forced 2,500 runners including 25 elite athletes to receive medical treatment. This year’s 122nd annual Boston Marathon was particularly grueling.

What helps runners in a marathon? How do they cope with the race and conditions? Many credit their success to more than being physically fit.

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In Episode 16 of What’s Next Dentistry we explore lessons learned from marathoners and others who achieve great things. Some of what is shared is counter intuitive but the applicability to enhancing our performance is fascinating. Join me for Episode 16 of What’s Next Dentistry entitled Enhancing Your Performance: Giving Yourself the Advantage.

Sponsored by Laeta. See how Laeta can improve your profits, work life, and time off.

Special thanks to Lorenzo Emanuel for the music used in the podcast.

Tomorrow Will be Different for YOU as a Dentist and Patient. See how!

There is more happening in dentistry today than meets the eye. Patients and most dental professionals don’t know the full extent of what they have signed up for. See Dr. Mark Sivers’ latest article What Is the Future of Dentistry or listen to Episode 14 of  What’s Next Dentistry on how dentistry is going to improve for patients and change for dental professionals. lily-939053_1920.jpg

 

Life on the Forefront of Dentistry

Since 1994, Dr. Mark Sivers and his team have pushed themselves to remain on the forefront of the dental industry. Doing so, has made Dr. Sivers an industry expert.

His past activities have included:

  1. Buying and rolling practices into his.
  2. Transitioning from blue collar, to professionals, to VIP patient care.
  3. Eliminating dental insurance and shifting to patients paying personally for treatment.
  4. Beta testing digital impressions with MIT and Brontes Labs (now 3M).
  5. Collaborating with Harvard Business School professors to put more business principles into dentistry.
  6. Implementing high performance streamlined dentistry.
  7. Incorporating digital and intra-oral photography with every patient to track changes and document what is being done and why.
  8. Adding digital radiographs and 3-D imaging into the care of every patient.
  9. Putting proven principles from manufacturing into place, to improve the patient experience and results, while making dentistry more enjoyable for the team and profitable for the doctor.
  10. Creating and/or partnering with companies that improve the quality of life for patients, dentists, and their teams. These include accounting, high efficiency training, leadership training, dental office site selection and design, dental equipment manufacturing, payroll, and travel services.
  11. Involving other dentists and dental offices in philanthropic dental activities to provide free care days to the indigent of Boston.

The future for dentistry now lies in the consolidation of the industry through dental service organizations (DSO) among other things. We are looking for extraordinary team players, that are easy to get along with and very hard working to join us in shaping the future of our profession.

I would love to hear you opinion about the future of dentistry. Please reach out to me via my LinkedIn contact.