3 Traits That Make A Dentist Profitable with Dr. Bruce Baird
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Bulletproof Dental Practice Podcast Episode 84
Hosts: Dr. Peter Boulden & Dr. Craig Spodak
Guest: Dr. Bruce Baird, President and Co-founder of Productive Dentist Academy
Key Takeaways:
- Break down your production hourly to really find areas to improve in your practice.
- It’s not about speed, it’s about getting people to say yes to more dentistry.
- Grow your practice, sell it, try something new, invest
- Business ownership
- Dentistry consolidation and competition is scary
- View of the future
- There is consolidation
- There are going to be group practices
- There is economy of scale
- Insurance will open massive opportunities for dentists who are entrepreneurs
- Dentist owned/led mega practices
- Role of specialty in the future
- Specialists will struggle
- Technology is the equalizer
- Implant Dentistry: Simplified, predictable and profitable
- Advice
- Take on additional training to become a super GP
- Be the best and learn new techniques and skills
- Direct pay, no insurance, will help find amazing opportunity
- Compassionate finance allows people to make monthly payments
- Insurance companies make $77 billion to screw patients and dentists
- Dental Insurance CEOs make $23-46 million a year
- Monthly payments will help 80% of people who aren’t being helped
- 7% of people make payments if payments are $100 or less a month
- Interest offsets risk
- Top 3 traits that make a dentist profitable:
- #3 – Clinical skills
- #2 – Want to be the best
- #1 – Communication skills
References:
Tweetables:
If you’re going to do something, be the best that you can possibly be at it. Then teach others to do it. – Dr. Bruce Baird
With commitment, there is no room for failure – Dr. Bruce Baird
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