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. We also note a change in the dentistry landscape coming along with the shifting economics dominated by 3rd parties.
Dentists need to prepare themselves for leadership, partnership and directorship of managed group practices. This void is currently being filled by senior business executives. Our 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.