ep17: Private Practice vs Corporate Dentistry with Dr. Wahan and Dr. Gallagher

Keywords

dentistry, corporate dentistry, private practice, dental associates, student debt, dental contracts, work-life balance, dental consolidation, patient care, dental referrals, DSO, Dental support organization, Dr Wahan, Dr Gallagher, drwahan, Brendan Gallagher, dental podcast, oral surgery podcast

 

summary

This conversation explores the evolving landscape of dentistry, focusing on the competition between corporate and private practices. The speakers discuss the challenges of finding associates, the impact of corporate consolidation, financial realities, and the burden of student debt. They also delve into the appeal of corporate contracts, work-life balance, and the importance of patient relationships in the context of personalized care versus corporate efficiency.

 

takeaways

• Corporate dentistry is on the rise, affecting private practices.
• Finding associates for private practices is increasingly challenging.
• Student debt is a significant burden for new dentists.
• Corporate contracts often offer higher starting salaries but come with hidden costs.
• Work-life balance varies significantly between corporate and private practices.
• The consolidation of dental practices is driven by financial backing from private equity.
• Patient relationships are crucial for personalized care in dentistry.
• The financial realities of running a dental practice have changed post-COVID.
• Dentists need to be aware of the terms in their contracts with corporate entities.
• The future of dentistry may lean more towards corporate models, impacting patient care.

 

titles

• Navigating the Dental Landscape: Corporate vs. Private
• The Challenges of Finding Dental Associates

 

Sound Bites

• "There's always a need for it."
• "You need to look at all your options now."
• "It's a weird time in dentistry."

 

Chapters

00:00 The Landscape of Dentistry: Private vs. Corporate

01:51 Challenges in Finding Associates

03:49 The Rise of Dental Support Organizations (DSOs)

06:22 Financial Dynamics in Dentistry

08:33 The Burden of Student Debt

09:51 Navigating Career Choices in Dentistry

11:47 The Reality of Corporate Dentistry

14:27 Work-Life Balance in Dental Careers

16:03 Future Trends in Dental Practice

17:51 The Corporate Dentistry Dilemma

18:46 Navigating Employment Contracts and Covenants

19:17 The Shift Towards Corporate Practices

20:31 Patient-Centered Care vs. Corporate Efficiency

23:09 The Importance of Personal Relationships in Dentistry

25:38 The Future of Private Practice vs. Corporate Dentistry