Staffing, the high cost of capital and changes in Medicaid enrollment are some of the biggest challenges DSOs and dental company executives expect to face in 2024.
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Staffing and scheduling challenges have led hygiene services to be less profitable for dental practices, according to Edward Feins, DMD.
Several dentists predict that the industry will see increased adoption of technology, more DSO consolidation and enhanced training for staff.
Executives from eight dental companies recently connected with Becker's to illustrate how they plan to expand their presence and networks in 2024:
The pediatric dentistry and orthodontics fields could see a surge in demand as a result of a larger child population and expansions in state reimbursement programs, according to Barry Lyon, DDS.
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CEOs of four DSOs recently connected with Becker's to share their plans to navigate economic challenges and how they expect the economic and financial landscape to impact the dental industry heading into 2024:
In dental school, we learn how to do things the textbook way. However, once we’re practicing dentists in a clinic, we realize working with patients in the real world is incredibly different.
Dentistry could lead the use of artificial intelligence in healthcare as the industry continues to innovate with the technology, according to VideaHealth Founder and CEO Florian Hillen.
DSOs may need to make some changes to their growth strategies in a more competitive market for specialty services next year, according to Barry Lyon, DDS.
Several DSO leaders spoke with Becker's this year about topics such as economic challenges, recruitment, patient care and technology.