State of Dentistry
The Bulletproof Dental Podcast Episode 345
HOSTS: Dr. Peter Boulden and Dr. Craig Spodak
GUESTS: Dr. Trey Tippit and Dr. Dwight Peccora
DESCRIPTION
In this episode, our Fearsome Four is back in full force as we discuss the state of dentistry in 2024 based on data from Dental Intel. We explore topics such as the stability of practices, the impact of inflation on the industry, and the increase in cancellations and no-shows. Our emphasis is focused on the importance of tracking key performance indicators (KPIs) and implementing strategies to improve patient engagement and reduce no-shows. We also highlight the need for dentists to focus on their mental and emotional well-being to navigate the challenges of running a dental practice.
TAKEAWAYS
- The state of dentistry in 2024 shows a stratification, with top performers doing better than ever and bottom performers struggling.
- The average practice is experiencing more cancellations and no-shows than ever before, which can be attributed to factors such as lack of patient engagement strategies and deprioritized hygiene programs.
- Hygiene reappointment percentage is a crucial metric that indicates the stability of a practice and its future success.
- Mitigating no-shows can be challenging, but implementing systems such as confirmations, scheduling goals, and charging fees for missed appointments can help reduce their impact.
- Dentists should focus on their mental and emotional well-being to navigate the challenges of running a dental practice and maintain stability in their business. Accountability is crucial in dental practices to ensure that protocols are followed consistently.
- Creating scarcity in appointment scheduling can increase patient compliance and reduce no-shows.
- AI technology has the potential to streamline dental workflows and improve diagnostic capabilities.
- The upcoming summit is an opportunity to learn about the latest advancements in dentistry.
CHAPTERS
00:00 – Introduction and Reunion
09:03 – Hygiene Reappointment Percentage
15:03 – Mitigating No-Shows and Improving Patient Engagement
35:49 – The Value of Scarcity in Scheduling
42:28 – The Role of AI in Dentistry
REFERENCES
Blog
, June 15, 2023
, June 8, 2023
, May 31, 2023
Look at These 3 Stats if You’re Thinking of Going Out of Network with Teresa Duncan
, January 11, 2023
, December 28, 2022
Knowing What You Don’t Want with Judy Kay Mausolf of Culture Camp and Erika Pusillo
, November 30, 2022
Cabo This Week, Immersion Learning, Biggest Breakthroughs, Your Personal KPI is Net Worth
, November 2, 2022
, October 19, 2022
Business is not Productivity, Productivity is not Profitability with Chris Salierno
, September 22, 2021
3 Biggest Bottlenecks of an Entrepreneurial Dentist: PART 2 with Perrin DesPortes of TUSK Partners
