Understanding business practices, attracting patients and expanding services are just some of the ways dental practices can increase profitability this year, according to Barry Lyon, DDS.
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Technology and AI are becoming more prevalent in the dental industry, which some leaders see as good, while others are not as sure.
Despite many execs expecting economic challenges to slow DSO activity, Rock Dental Brands is remaining flexible and committed to its expansion goals.
Hiring has become more competitive in the oral surgery field as more DSOs enter the market, according to Jason Auerbach, DDS.
Increased use of artificial intelligence and patient education could lead to a greater focus on preventive care in the dental industry this year, according to Steven Edwards, DDS.
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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.
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.