Today’s Dentist
"Only 6% of dentists in America today can comfortably retire at the age of 60”.
- Today’s Dentists have three basic career options:
- Although these are viable options and many dentists have been successful in these positions, there are important limitations to consider related to career growth
- The most obvious limitation exists in the earning power of these positions and the income “ceiling” that may present itself after several years in a particular position.
- In addition, because office administration requires so much attention, it is virtually impossible for independent dentists to develop a profitable practice.
We’re offering you a 4th option!
“Unfortunately, many dentists will be practicing longer than anticipated”. 
Become a partner with an established dental office and work as its managing dentist
“Another sobering figure released by the ADA revealed that almost 40 percent of dentists over 50 practicing today wish they had chosen another profession. We believe this dissatisfaction can be traced to the internal business-management aspects of running a practice. If your desire is to retire within the next five to ten years, but you are financially unable to do so, or if you enjoy practicing dentistry, but dislike the business-management side of owning a practice, there is a solution that may be worth your serious consideration”.Q- What is this solution that Peery suggests?
A- Partner with a Dental Management Company
What’s wrong with purchasing your own office?
“I met a ‘new’ dentist who had purchased her practice one year ago…she also told me a story I have heard all too often…four days after she purchased the practice, the entire staff quit”.
- When you purchase an office, the previous owner may have exaggerated the financial standing of the office.
- It can take a lengthy period of time before the office becomes profitable.
- By partnering with West Coast Dental, you will be buying into an office that is already well-established.
- There’s no mystery involved; you already know the office’s financial standing and performance.
- You will be making money on day one because the office is already profitable; there is no need to wait.
How does the partnership work?
“The business side of dentistry is taking the fun out for many dentists. It also restricts the level of production and profitability, which increases the number of years before financial independence can be achieved”.
- You buy a share of an established dental office.
- As a partner, you will be responsible, with assistance from the office and regional managers, for managing the practice.
- West Coast Dental will handle all business administration affairs of the office.
- You are compensated as a regular staff employee and you will receive a profit distribution based on the financial performance of the office.
What’s in it for YOU?
“Too many dentists endure overly busy, stressful days without having nearly enough to show for it”.Partnering with West Coast Dental affords you:
- New opportunities that are not available through other dental career options.
- Financially, it makes sense.
- Increase earning power upon inception of the partnership. (See graph on next page)
- Growth opportunities do not stop with the initial partnership.
- Expansion opportunities beyond initial partnership.
- The ability to build a scalable infrastructure that can sustain growth instead of a long and costly process which is hard to do on your own.
- Access to a solid management framework that has proven success.
Where do you want to be?
“It is sad to see practices producing $1.2 million, and the solo operator taking home $200,000, which is a 16 percent net. What that means is this busy, successful practitioner has to produce $84,000 a month before he or she sees a profit. In a 15-day work month, the first $5,600 produced each day pays the overhead”.
Your role
“Dentists work very hard to provide quality care for their patients while managing a busy practice and leading a dental team. Only through the proper management systems will a practice operate at its highest level of effectiveness and profitability”.Because West Coast Dental has the infrastructure to handle the business administration burdens of running a dental office, as a partner, you will be responsible for the following:
- Managing the doctors and ensuring teamwork.
- Working the Office Manager to maintain a productive schedule.
- Working with the doctors to ensure achievement of office production goals.
- Controlling costs:
- Lab fees
- Supplies
- Employee overtime hours
- Employee turnover / recruiting