How to Weigh Your Options When Considering Transitioning Your Practice

It’s no secret the dental industry is not currently set up to provide adequate support for private dentist owners as they prepare to transition their practice, unless they’re willing to give something up – typically either their hard-earned equity or clinical autonomy.  Neither trade-off sounds appealing for most independent dentists who have spend their career dedicated to their practice. Many are left wondering how to weigh their options and ensure they receive the maximum financial benefit they’ve earned over the

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Positioning Your Practice for a Successful Transition: Why Cost Management & Practice Profitability Matter

As an independent dental owner, you’ve spent your career devoting your time, energy and resources into your practice. While it might be tempting to coast into retirement, it’s more important than ever to focus on cost reduction and efficiency efforts for your practice. This will ensure your practice is best positioned for a transition and that you’ll receive the maximum financial benefit from an eventual sale. Effectively (and sustainably) increasing your practice profitability requires a dual-approach: Maximizing productivity & reimbursement

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IDS is Proud to be the Preferred Supply Program for the Indiana Dental Association

Independent Dental Solutions (IDS): Proud To Be The New Preferred Supply Program for the Indiana Dental Association   Independent Dental Solutions (IDS) and the Indiana Dental Association (IDA) are proud to announce their new partnership, formed from a mutual desire to advance and unite the dental industry in Indiana. The Indiana Dental Association, headquartered in downtown Indianapolis, is comprised of 15 component societies which serve each of the state’s 92 counties and supports more than 83% of the dentists currently practicing in Indiana. The

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Building An Effective, High-Performing Team

“A team is not just a group of people who work together. A team is a group of people who trust each other.”   Investing the time to building a strong, productive team is essential, because a great team is the foundation of your practice and ensures its success.   It is not enough to simply hire staff, even the most skilled individuals will fail without strong leadership, clear direction and teamwork.    

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Digital Marketing & Your Practice Performance

  The last year highlighted just how important having strong online visibility and virtual communication channels are to engage new and existing patients.   Your digital marketing strategy (or lack of one) can have a significant impact on your dental practice, including your patient experience, growth and profitability.   Learn more:  

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Ways To Boost Your Profitability Through An Effective Supply Chain Strategy

Brian Heyndrickx, Independent Dental Solutions Co-Founder & Chief Executive Officer Prior to launching Independent Dental Solutions (IDS), a Group Purchasing Organization (GPO) for private dental practices, I worked in medical distribution for more than 20 years. Like many other industries, medical offices, surgery centers and hospitals rely on an effective supply chain and procurement strategy to manage their operating expenses and stay competitive within the market (I define supply chain and procurement as everything a dental practice needs to run

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What You Should Know About GPO’s

Although group purchasing organizations (GPOs) have been around for over a century and are common in the medical industry (98% of hospitals in the US are belong to a GPO), they have only begun to gain traction with dentists over the last few years. With many private dental practices looking for ways to reduce overhead costs and stay competitive in an increasingly DSO/corporate dental market, GPO’s can provide significant savings opportunities and practice support. Below are answers to common questions

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Providing (Affordable) Employee Benefits

  Open enrollment is upon us again, and for many private dental practices, it can be challenging to find a balance between offering competitive employee benefits that are also affordable. In fact, employee benefits are often one of the biggest annual expenses for practices, so it’s important to have a benefits strategy in place help guide you as you evaluate and select your employee benefits package for the year.   To help get you started, EmPower HR shares some tips

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IDS & The Wolverine Dental Society Partner to Advance & Unite Dentistry in Michigan

Independent Dental Solutions Receives an Offical Endorsement from the Wolverine Dental Society   Independent Dental Solutions (IDS) and the Wolverine Dental Society (WDS) are proud to announce their new partnership.The two Midwest organizations share not only a humble but impassioned start, they both were formed from a desire to advance and unite the dental industry.   The Wolverine Dental Society was founded in Detroit in 1934 by a small group of African  American dentists who wanted to overcome the exclusion experienced

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COVID-19’s Impact on Your Practice’s Six-Month Schedule Cycle

How to Minimize Scheduling Lulls for the Remainder of the Year Traditionally dentists could rely on a steady stream of patients and keep their schedules full by establishing recurring appointments for patients at set intervals throughout the year – most often, returning every six months for routine hygiene visits. Patients seen in January would return in June, those seen in February return in July, and so on. This provides dentists with more predictable schedules and revenue streams, while enabling them to provide optimal care

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Looking for Ways to Boost Your Practice Profitability Following COVID-19 Closures?

Take Advantage of a Free Practice Optimization Analysis Surveys conducted by the American Dental Association and other national agencies over the last several months have closely monitored the impact COVID-19 has had on dental practices across the country. While most have resumed “business-as-usual”, the upward recovery trends have slowed, and many dentists are reporting their schedules have stalled at about 70% capacity. Operating at lower than normal patient volumes for most of the year continues to weigh heavy on the

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IndepenDENT Dental Solutions Launches Dental Discussions Podcast

Providing Practice Management Support for Private Dental Practices October 8, 2020 In the spirit of continuing their mission to further support all the business needs of their members, as well as the independent dental market as a whole, Independent Dental Solutions (IDS) is excited to announce the launch of  their new podcast, Dental Discussions. The first episode was released on Wednesday, October 7th and new episodes will be posted bi-weekly on Wednesdays moving forward. Topics will include operational best practices,

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The Path Forward Following COVID-19: Where Do We Go From Here?

This year has been unique to say the least, and the impact of COVID-19 varies for each dental practice – not just when comparing practices by state or region, but for practices within the same community.  With continued uncertainty and mounting financial pressures, some practitioners may be considering changing careers or transitioning into retirement. On the other hand, some practices may be busier than ever and are struggling to keep up with the demand from the backlog of patients needing

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Successful Recruiting and Retention – Even Amid a Crisis

Successful Recruiting and Retention – Even Amid a Crisis Jessica Young, Associate HR Business Power, EmPowerHR   The way we work has changed significantly since the unexpected arrival of COVID-19, and as a result, so have the concepts of recruitment and retention. With unemployment rates high, many employers assume finding (and retaining) top talent should be easy, however, businesses are facing a whole new set of challenges when it comes to staffing. If you’re finding it difficult to sift through

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