
Free Daily Podcast Summary
by Casey Goetz
Grab a cold beer and join us as Dr. Casey Goetz sits down to discuss all things pediatric dentistry. Topics include uncensored and unscripted conversations with special guests regarding start-ups, practice management, finances, hot topics and clinical pearls in pediatric dentistry. Our profession might not always be pretty, so might as well drink beer and have some tipsy tiny teeth talk. New episodes released weekly.
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Dr. Sean Whalen is a pediatric dentist, Iowa graduate, entrepreneur, and practice owner. He owns three practice in Colorado, teaches at the Denver Health Residency, and is the co-founder of Smiyl Brands, a supply company that cuts out the middle man and gives great deals on prophy supplies to pediatric dentists.Dr. Sean is one of my favorite guests. He's unfiltered, has strong opinions on our profession, and remains an advocate for keeping pediatric dentistry the awesome profession that it is. Some of the topics we discuss:- Are modern dentists afraid to fix a cavity? - The importance of adapting to new tools and technology to make us better dentists. Dr. Sean uses scanners, a CBCT, 3D printing, LSTR, ect.- Why outsourcing his insurance billing reduced his administrative burden and improved his collections. - AI, automation, better software, and more streamline billing will improve the way we practice, despite the challenges of student loan debt and DSO influence.- The importance of strong residency programs to train high-quality pediatric dentists- The psychology of dealing with one-star reviewsLet's support our fellow pediatric dentists, please check out Dr. Sean's supply company, Smiyl Brands. Go to https://smiylbrands.com/ and use code Smiyl20 to get 20% off of prophy products. His fluoride is cheap and the kids love it.
In this episode, Dr. Mark Gilstrap shares his journey through the dental profession, including his experiences with DSOs, practice ownership, and navigating the complexities of Medicaid in Oklahoma. He shares insights into the challenges and opportunities in pediatric dentistry and practice management.Topics we discuss:Experience with DSOs and practice managementPractice acquisition and startup strategiesMedicaid system challenges in OklahomaImportance of documentation and contractsBuilding a legacy in pediatric dentistryInterested in learning about the business side of pediatric dentistry, or want to start your own practice? Check out Little Smiles Practice Mastery:https://littlesmilespracticemastery.thinkific.com/We are dropping a new webinar exclusive to members of the course. Joe Lucido is our new preferred partner. His firm, Clear to Launch, specializes in healthcare marketing. We have a great discussion about the importance of social media in growing a new pediatric practice. Check them out at:https://cleartolaunch.com/
In this quick episode, I wanted to review how I calculate the most important KPI in my practice. As practice owners, it's critical to know your numbers. I like to stay hands-on with my bookkeeping so I can watch my expenses. I'm going to review how I calculate my specific daily BAM, and how I account for an additional risk premium as a practice owner vs staying an associate.
Our guest for this episode is Dr. Luke Robert. Dr. Luke is a pediatric dentist from Georgia who bought a high-end fee-for-service practice at 130% of collections. Even with people telling him he shouldn't do the deal, he found a way to buy the practice and still make it work. In our conversation, we discuss:- The benefits of a FFS office- How his practice compares to his previous DSO associateships- Strategies for growing the practice- Strategic lending to finance the practice- How increasing his infant and toddler new patients accelerated growth and value
Dr. Marc Adelberg is a pediatric dentist and faculty member at the Workman School of Dental Medicine at High Point in North Carolina. He practiced for 25 years in New York and grew a six-location practice before exiting via a sale to his partners. He shares his extensive experience in private practice, the challenges of scaling a dental enterprise, and his transition into academia. We explore topics like practice growth, team building, and the future of pediatric dentistry.Topics Discussed:Private practice startup and growthChallenges of scaling a dental enterpriseImportance of mission and core values in practiceRole of residency programs and education in dentistryImpact of insurance and Medicaid on practice managementTransition from private practice to academiaTeam building and leadership in dentistry
Dr. Aruna Rao is a pediatric dentist, practice owner, and president elect of the Minnesota Dental Association. She also teaches one day a month at the University of Minnesota, where she helps run the clinic for dental students during their pediatric rotation. Dr. Rao comes on the podcast to talk about why it's critically important for private practice dentists to adjunct at their local schools so that we can train the next generation of dentists. Many programs are lacking in having faculty members who can provider real-world experience. We even joke about how many GPs can do molar endo, but don't feel comfortable placing a stainless steel crown. Dr. Rao can be reached at arunarao611@gmail.com
Dr. Todd Gray is a pediatric dentist and the Chief Dental Officer at Dentaquest. Dentaquest is the largest Medicaid managed care provider in the country, and is responsible for delivering Medicaid dental services to millions of children in the United States. Dr. Gray spent 15 years in private practice as a pediatric dentist in the state of Nevada before making a career shift and working his way up in the world of dental insurance and Medicaid. We met at AAPD in Las Vegas and immediately decided that we had to do a podcast together. I was so excited to have Dr. Gray on since he has the unique perspective of being both a practicing pediatric dentist, but also knows the inner-workings of how Medicaid is administered. We have a great discussion where he busts common Medicaid misconceptions, along with sharing what he's learned about how Medicaid plans work.The goal of our conversation was to change the narrative of Medicaid being a big faceless monster, and to give providers tips on how to make Medicaid work in their office. Dr. Gray is also the co-founder of Smiyl, a dental supply company that gives crazy good deals on prophy supplies to pediatric dentists. I want listeners to support our fellow pediatric dentists, so please check them out at www.smiyl.com. You can use code Smiyl20 to get 20% of your next order of prophy supplies.
After several weeks of compiling the data, the numbers are in! This episode finally sheds light on what real-life numbers you can expect for a pediatric dental start-up. I asked listeners the following questions:1. What is the demographic of your practice?2. How much did you produce/collect your first few years of practice ownership?3. When did you break even?4. When did you start paying yourself?5. How long did you associate?I had TONS of responses, but I picked the best 15 and read them anonymously for this episode. Hopefully this provides some insight and is a helpful resource for those in the early stages of practice ownership.
Grab a cold beer and join us as Dr. Casey Goetz sits down to discuss all things pediatric dentistry. Topics include uncensored and unscripted conversations with special guests regarding start-ups, practice management, finances, hot topics and clinical pearls in pediatric dentistry. Our profession might not always be pretty, so might as well drink beer and have some tipsy tiny teeth talk. New episodes released weekly.
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