Why Dental Service Organizations Are Here To Stay

DSO STRENGTH IN NUMBERS WHY DENTAL SERVICE ORGANIZATIONS ARE HERE TO STAY Dental service organizations are growing in size and scope around the country. The trend mirrors the growth of other industries that have seen group practice models succeed. So what's all the fuss about? We take a look at why it pays to be a part of the whole. .......... ............. GROUP PRACTICE PRECEDENT ......................-..........-..........-.. Several other industries have experienced a surge in managed group practice models. RX MEDICAL OPTICAL PHARMACEUTICAL . .......M ANAGED GROUP PRACTICE IN THE LARGER MARKET -........-...- Currently, dental service organizations and managed group practices represent only a small part of the industry as a whole, but the experience of other industries suggests the opportunity for growth is substantial. PROFESSIONALLY MANAGED GROUP PRACTICES 7%-8%* * OF TOTAL MARKET BOOMING GROUP GROWTH While the dental industry as a whole is growing at 5.5 percent, members of dental practice management groups report much greater growth. RECENT GROWTH RATES 5% 10% 15% 20% 25% DENTALINDUSTRY 5.5% DENTAL GROUP PRACTICE 18% ASSOCIATION MEMBERS PARTICIPATING PERSONNEL ..........................-............................... ................................................... A growing number of doctors and support staff are becoming members of dental service organizations. By 2016, personnel members of the Dental Group Practice Association are projected to top 60,000 and participating operatories will reach nearly 40,000. DGPA DOCTORS AND SUPPORT STAFF + DGPA MEMBER OPERATORIES 80,000 64,363 70,000 60,000 55,968 48,668 50,000 42,320 37,593 36,800 40,000 32,000 32,690 28,348 30,000 24,651 FLOSS 21,436 20,000 FLOSS 10,000 2011 2012 2013 2014 2015 2016 GROUP PRACTICE VERSU s SOLO PRACTICE: WHY IT PAYS TO JOIN A GROUP ........ ..........-... ............... ... .. ADVANTAGES OF BEING WITH A GR OUP DISADVANTAGES OF BEING A SOLO PRACTICE Members of dental service organizations can benefit from both For many solo practitioners, trying to do everything can facility support and practice management tools. Large groups become difficult to manage. The following aspects of bring the following advantages which are more difficult for managing a solo practice can make managed group practice private practices to access. an attractive option. ADMINISTRATIVE SUPPORT LONG LIST OF ADMINISTRATIVE DUTIES HUMAN RESOURCES SYSTEMS LACK OF COVERAGE DURING ILLNESS QUALITY ASSURANCE PROGRAMS INITIAL COST OF SETUP BETTER BUYING PO WER BILLING LAG TIME PROFESSIONAL MARKETING TOoOLS REIMBURSEMENT RATES INCREASED ACCESS TO CAPITAL NO SET SALARY SOURCES: DENTAL GROUP PRACTICE ASSOCIATION CREATED BY DENTALCAREALLIANCE.NET