Benefits of Transitioning to a DSO
The transition to a DSO is oftentimes more painless than transitioning to a dentist-owned practice. This is because the DSO has likely completed many transitions and has the systems in place to make them as smooth as possible.
The DSO manages all administrative tasks related to the practice. They will provide operational support, marketing, human resources, professional services, procurement, and strategic planning.
Simply put, compliance is something not taken seriously enough by most solo-practice dentists. Ignoring it doesn’t make it go away. The DSO will help you ensure compliance across the practice.
Many DSOs are backed by private equity. Implementing new technology is oftentimes a way to save money. In consideration of this, most DSOs are huge fans of technology and will manage all of it for you.
Dealing with insurance carriers is a nightmare. Many DSOs have entire departments dedicated just to dealing with the carriers. Transition to a DSO and this will most likely be a nightmare of the past.
A DSO is essentially a community of dental partners. Smart DSOs recognize this and create ample networking and collaborative opportunities for affiliated dentists.
Bridge to Retirement
A lot of dentists will sell their practice to a DSO, stay on for two years and then retire.
Many DSOs are paying multiples that are higher than smaller groups and solo-practices.
Contrary to the myths, DSOs are not interested in how you operate your practice at the clinical level.