Here are six trends and statistics showcasing how private practice dentistry is evolving:
1. Increased competition from DSOs has led dentists to rethink their approach to private practice to optimize success, including taking advantage of opportunities to enhance patient care and reduce operational inefficiencies.
2. TUSK Practice Sales, a healthcare M&A advisory firm, recently reported that several states have more than 40% of active dentists aged 55 and older, representing one of the largest potential seller pools in the dental M&A market to date.
3. Dentists are facing compounding factors fueling financial troubles for their practices this year, including stagnant reimbursement rates, rising staffing and operating costs, and lower consumer spending.
Source: The shifting private practice landscape in dentistry / Becker’s Dental