Dental practices will face increased interest rates in the near future, leading to decreased revenue and more acquisitions of smaller practices, according to one dentist.
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The dental industry is in need of a referral process to decrease patient reliance on hospital emergency departments when urgent dental care is needed, according to one dentist.
Application Programming Interfaces, artificial intelligence and cloud-based software are just some of the technologies making headway in the dental industry as a way to enhance dental practice operations and patient care.
Several new technologies have played a major role in the advancement of dentistry in recent years, including artificial intelligence, cloud-based software and robotics.
Many DSOs have worked hard this year to expand their networks and create industry partnerships that will advance patient care, but have had to face the same trends and challenges as smaller dental practices across the U.S.
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The COVID-19 pandemic has forced DSOs to become more flexible and strategic in order to stand out in a competitive market, according to Sage Dental Chief Development Officer Jim Mizouni.
As DSO consolidation increases in the industry, solo practitioners may opt for boutique dentistry to remain economically stable, one dentist predicts.
DSO consolidation, private equity and network expansion were among just a few topics dental leaders spoke to Becker's about in September.
One dental leader connected with Becker's via email Sept. 20 to discuss how he sees consolidation trends in the dental industry changing.
Private equity deals have experienced major growth in the dentistry industry in recent years, with several companies operating with different models. One oral surgery group has worked to turn private equity on its head for its partners.