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The Practice Buyer's Corner - Random Musings from the Buy-Side
The Practice Buyer's Corner - Random Musings from the Buy-Side
The purpose of this blog is to share current, real world, experiences on the topics of practice valuation, practice transition, retirement planning, and building equity value - over time - in your dental practice.
Blog By:
seanepp
seanepp

State of the Union 4Q14

10/28/2014 6:41:13 PM   |   Comments: 0   |   Views: 240
Fellow Townies,

2014 has been a remarkably unremarkable year in many ways.  A solid but resoundingly average year.  Known challenges still abound - declining insurance reimbursement rates and ever increasing overhead costs.  What challenges are folks not aware of and/or intentionally ignoring?

Sure, the ACA has expanded the pool of dollars available for pediatric Medicaid dentistry but has the pool of participating providers grown at the same rate?  Actually, has it grown, at all?  Has the fundamental issue of weak Medicaid reimbursement rates been addressed?  The answer to most of these questions is likely "no" depending on where you live.  Medicaid dentistry remains a political and PR flashpoint but generally manifests itself as nothing more than campaign talking points.

We've commented often on the viability and future of solo practitioners.  We sense there is an undue level of concern or dismay about the potential for younger dentists to remain independent and run their own businesses.  In fact, for younger dentists interested in pursuing the traditional solo practitioner career you couldn't be in a greater position.  Yes, the Boomers, across all industries, have worked much longer than they likely expected but the reality (aka good news) for younger professionals is that they will literally *have* to retire and most likely en masse at some point.  Hang in there!

So, if you are a mid-career associate or new grad, don't get down on yourselves or your future.  Most private practitioners, all else being equal, would prefer to sell their practice to another private practitioner.  Glass half full.  Inasmuch as dental reimbursement will continue to trend negatively, the reality is that it remains leaps and bounds ahead of general medicine and other healthcare niches.  

Enough for now.   Have a great week and, as always, feel free to ping me with any/all acquisition/transition questions.

Be well,

Sean
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