Bonus: Equity Partnerships: The Key to Expanding Dental Practices

John Montoya, a dedicated dentist who graduated in 2001, brings extensive experience in managing multiple dental practices to the table. Initially establishing a successful practice in San Diego, Montoya later moved to Boulder, Colorado, where he significantly expanded his operations and integrated additional practices into his office. Through his journey, Montoya learned that rapid expansion without proper systems could lead to significant challenges, emphasizing the importance of managing overhead and leveraging economies of scale. His insights into the necessity of business acumen and best practices in managing multiple practices have led him to start a buyer's group aimed at helping other private practices reduce costs, reflecting his commitment to both professional success and community support.   Here’s what to expect this episode: Building up practices before selling them is important for profitability Balancing dentistry with business management is challenging  Managing multiple practices requires equity partners and centralized staff  Negotiating better pricing with vendors through economies of scale is crucial  Participating in PPOs can be challenging due to the changing insurance landscape Utilizing AI to monitor inbound calls can improve patient interactions Training staff on specific systems and protocols is crucial for practice growth   Connect with John Montoya: https://www.linkedin.com/in/john-montoya-90615918/   Connect with Stan Kinder: https://www.everythingdso.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices