Here are six recent updates that have led to optimism and skepticism in the dental industry:
Good
Artificial intelligence innovation
AI companies are continuing to expand ways for their technology to be used in dental practices, and industry leaders are expecting AI to soon change how every task is completed.
Earlier this year, Alta AI launched a platform that allows hygienists to more quickly chart, record notes and access patient information. Planet DDS and Pearl also teamed up to launch AI Assist, which provides diagnostic insights to DSOs and multilocation practices by analyzing patient X-rays. Most recently, VideaHealth launched ClaimsAI, an RCM platform that has resulted in up to 90% faster claim submissions for dental practices.
DSO investments
After a slower last couple of years, DSO activity is starting to pick up again thanks to new funding from investors.
Some of the DSOs that have gained new funding this year include Allied OMS, OMS360, Max Surgical Specialty Management, Blue Cloud Pediatric Surgery Centers and Silver Creek Dental Partners.
Several DSOs have also expanded their networks into new states this year, including Imagen Dental Partners, Phase 1 Equity and Flagship Specialty Partners.