Episode #268: Lessons from the 2023 RIDA Virtual Summit
In this episode, Gary and Narin discuss the benefits of reducing insurance dependence in your dental practice to increase its value. They emphasize that a practice’s value is closely tied to its profitability and that reducing insurance dependence can significantly enhance that profitability. They also mention the option of selling your practice to a Dental Service Organization (DSO) as an alternative pathway. Focusing on attracting fee-for-service patients and dropping unnecessary PPO plans can boost your practice’s income and long-term value. Enhancing the value of your practice is a valuable long-term strategy to consider.