Healthcare Business Review Weekly Brief
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Transitioning a dental practice is an exciting milestone, filled with opportunities for growth and new beginnings. Behind this promising horizon lies a complex process that requires expert navigation. Dental practice transition services providers stand as the essential guides in this journey, transforming potential challenges into seamless successes. These specialists offer an array of services, from accurate practice valuation and strategic marketing to legal support and post-transition guidance.
On that note, the global dental practice transition services providers market is projected to soar, reaching an estimated valuation of USD 643.78 billion by 2031. This growth, anticipated at a CAGR of 4.5 percent from 2024 to 2031, is driven by the increasing demand for specialized expertise in practice transitions amid the healthcare landscape. The decision to practice further into their careers by a significant number of dentists is also driving the market growth, as they seek to sell their practices to dental services organization (DSO) buyers and continue working full-time or part-time in their own office until retirement.
This edition of Healthcare Business Review presents a comprehensive overview of the latest developments in the dental practice transition services sector, highlighting emerging trends, innovative strategies and the transformative impact of these providers on the future of dental practices worldwide.
The edition features insights from Jonna Jenkins, Vice President of Patient Care Services, Chief Nursing Officer at Hutchinson Regional Healthcare System, who emphasizes the importance of working with physicians to provide education on the new program, starting with the hospitalist group. It also brings to light valuable insights from David Baker, Chief Information and Digital Officer at Pacific Dental Services, who delves into the importance of integrating electronic health records (EHRs) between dental and medical practices to improve patient care by enhancing communication and collaboration.
In this edition highlighting the Top Dental Practice Transition Services Providers of 2024, we hope you find the best partner to navigate and streamline your practice’s transition.
Usually, the qualified subscribers of our magazine nominate companies with whom they have collaborated and experienced exceptional results to be in this list. Did a company you recently worked with give you stellar results and ROI? Did it turn out to be one you would wholeheartedly recommend to peers? Or do you know of such an outstanding company through your network? Please fill in the details below and nominate them to be featured here.
ProABC is a reliable partner for medical professionals looking to sell, purchase or start a new practice. Over the last 25 years, it has distinguished itself by understanding that a practice transition is not a number game but a life-altering decision that requires utmost attention. As a smaller, more agile company, it has built the business on a foundation of genuine care and concern for the clients, establishing a smooth and profitable transitional process.
Apex Dental Partners is a leading dental support organization providing non-clinical, administrative support services to dentists focused on long-term relationships and high-quality care. It offers supported dentists an increased level of personal and professional flexibility, worldclass business support, and a fun and patient-centric culture.
Aprio Dental CPA and Accounting Services serves as one of the growth partners for dental practices of all sizes, providing expertise in accounting, tax, practice transitions, and wealth management. Its comprehensive advisory services, fosters growth and financial health for their clients.
Bright Direction Dental provides tailored support to dental practices looking to sell or transition. By handling administrative tasks, they allow dentists to focus on patient care while maintaining clinical autonomy. They offer personalized plans to enhance practice growth or ensure a smooth retirement.
DDSmatch specializes in connecting dental practice buyers and sellers through expert relationship management. They ensure successful practice transitions with a dedicated team of advisors, industry-specific knowledge, and a comprehensive website, facilitating seamless transitions tailored to your needs.
Doctors Management is a premier medical practice consulting firm offering comprehensive support to healthcare organizations of all sizes. With over 50 years of success, they specialize in enhancing practice profitability, reducing compliance risks, and boosting patient satisfaction. Their expert team covers compliance, coding, financial services, HR, and more, ensuring holistic practice improvement.
Founded over 30 years ago by dentists, InterDent is a Dental Service Organization, which provides comprehensive dental support and services. They are dedicated to enhancing patients’ lives through accessible oral healthcare, acknowledging its crucial impact on overall health and well-being.
Peak Dental Services® supports owner dentists with a balanced work-life dynamic uncommon in solo practice. Their model focuses on business support, enabling clinical excellence and granting more time, income, and resources. Each practice offers autonomy with proven systems and support, aiming to maximize ownership rewards without the challenges of solo operation.
Provide empowers dentists to achieve practice ownership dreams with expert guidance in starting, acquiring, or expanding dental practices. It offers tailored financial products and personalized service support every step, fostering financial independence and elevating care standards in the industry.
With over 50 years in the dental community, Rosen & Associates offers expert accounting, tax, and business advisory services. Trusted by 800+ dental professionals, they provide simplified record keeping, timely financial reporting, comprehensive tax planning, and personal retirement financial planning tailored to the dental profession.
