What's Happening

Clues to The Future

The emergence — and exceedingly strong growth — of managed-group practice compared to solo practice — a 20 to 1 ratio in 2012 —  is a clear indicator that the future of dentistry will be very different. Adding fuel to the fire is the fact the majority of solo practitioners are between 45 and 55 years old, and new graduates are unable to purchase dental practices. Shifting economiocs dominated by third parties further contributes to the changing landscape of dentistry.

Dentists need to prepare themselves for leadership, partnership, and directorship of managed-group practices, a void that is currently being filled by senior business executives. The DEO’s current focus is on training dentists to be leaders, senior managers, and directors of managed-group practices so that they can competently partner with senior business executives to generate successful business expressions. Collaboration is key — and now is the time to start preparing yourself.

What You Need To Succeed

Adaptability

Dentist-entrepreneurs are flexible. They adapt to changes rather than resist them. They understand that change is constant.

Vision

Dentist-entrepreneurs have a driving vision, and are obsessive about creating a unique, successful future.

Fearlessness

Dentist-entrepreneurs are willing to jump off the cliff — and build their wings on the way down. They play to win. They like the risk. They like the excitement of being on the edge.

Tenacity

Dentist-entrepreneurs have the resolve, tenacity, and persistence to generate great businesses. Most dentist-entrepreneurs didn’t go into dentistry for a high-paying job; they went into dentistry for the opportunities to create great businesses. They love business — unlike most dentists, who tolerate business.

Collaboration

It is crystal-clear that those who possess the skillset for collaboration will win in the future. But historically, most dentists haven’t been able to collaborate even within their own tribe — as evidenced by the incredibly high morbidity rate of dental partnerships and associateships.

Watch Dr. Cooper Explain The Future of Dentistry

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