Top 10 Attributes to Achieve the Highest IDSO Partnership Value in '24

02/21/24 • 12 min

Practice Partnership: Monetizing Your Dental Practice

Today on the show, host Chip Fichtner unlocks the top 10 practice attributes to achieve the highest value in an IDSO partnership this year. These essential elements can catapult your business to the forefront of IDSO partnership considerations.
Whether your practice is in a busy metropolitan city, the remote countryside, or somewhere in between, this episode will equip you with a blueprint for elevating your practice's value this year. Topics include:

Geography - How your practice's location affects your value
Practice Growth - The importance of recent success in determining practice value
Doctor Age - Why hiring younger associates is critical for practices run by doctors over 60

Join us for a riveting dialogue brimming with expert insights and actionable tips!
To review the full Top 10 list, head to our blog: https://largepracticesales.com/blog/top-10-dental-practice-attributes-for-highest-values/

Large Practice Sales is the largest advisor to GPs and specialists of all kinds seeking to monetize all or part of their practice. If you're interested in learning the potential value of your practice in an IDSO partnership, visit our website or you can email us at [email protected]

Geography - How your practice's location affects your value
Practice Growth - The importance of recent success in determining practice value
Doctor Age - Why hiring younger associates is critical for practices run by doctors over 60

Previous Episode

‘23 Practice Value Recap and Forecast for ‘24

In the first episode of the new year, Chip recaps the results of practice values and transactions in 2023 and forecasts what 2024 has in store for IDSO partnerships. In short, 2023 achieved record values for GPs and all specialties across the country. Any great growing practice today has unique opportunities in Invisible DSO partnerships this year!

This episode dovetails with a 61-minute webinar Chip is hosting on January 16th (at three evening times) that’ll dive deeper on the topics covered today. Head to largepracticesales.com and click on the Webinars/Events tab for more information and to sign up. This is your chance to learn how invisible DSO partnerships can drive a lucrative future for you and your thriving practice.

Other topics for today (and the upcoming webinar) include:

The key criteria IDSOs will consider this year when selecting their practice partners
The future of COVID earn-outs
Payer reimbursement rates for IDSOs vs. independent doctors
Why some IDSOs complete recapitalizations while some never will
The hot geographies in 2023, and the impacts of being considered a “rural” practice
The new recruiting tool that can virtually eliminate employee turnover

Next Episode

How Dental Specialists Achieve the Highest Values with IDSO Partnerships

Unlock the full potential of your dental practice and say goodbye to the administrative grind! This episode is a treasure trove for dental specialists such as oral surgeons, periodontists, and endodontists (Dental Surgical Trifecta), revealing how teaming up with invisible DSOs can not only result in an enticing cash payout but also free up time to concentrate on patient care and personal well-being. Imagine trading paperwork for groundbreaking technology and strategic practice growth—it's all within reach.
As we peel back the curtain on the transformative world of Invisible DSOs, we'll share success stories of practices harnessing these partnerships to negotiate better reimbursement rates, leading to a significant boost in profits without expanding their footprint. With artificial intelligence revolutionizing patient diagnostics and care, staying ahead of the curve is crucial, and an Invisible DSO can be the ace up your sleeve. Get ready to explore the landscape of 50 specialty-focused invisible DSOs, including those dedicated to orthodontics and oral surgery, and learn how they can help you stand out in your community. Tune in and learn how specialty practices ascend to new heights through innovation and smart partnerships, with your host, the national expert on IDSO partnerships nationwide, Chip Fichtner.

Practice Partnership: Monetizing Your Dental Practice - Top 10 Attributes to Achieve the Highest IDSO Partnership Value in '24

Transcript

Speaker 100:00:02.407

Hello doctors , I'm your host , chip Fitchner , co-founder of Large Practice Sales , and you're listening to Practice Partnership monetizing your dental practice .

Speaker 100:00:14.297

This is the podcast where I teach you how to build long-term wealth by partnering with an invisible dental support organization and continuing as an owner and leader of your practi