Season 2 Episode 1 - Are we still convinced to Just Say No to the DSO

09/04/2024 29 min Temporada 2 Episodio 1
Season 2 Episode 1 - Are we still convinced to Just Say No to the DSO

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Episode Synopsis

The podcast is episode one of Season 2 for “Just Say No to the DSO"; Hosted by Bob Spiel andco-host Nate Williams, it discusses reasons why dental practice owners should avoid selling toDental Support Organizations (DSOs). Bob Spiel has an MBA and is a practice managementconsultant, while Nate Williams is a dental CPA. They have both been in dentistry for over 15years.Key points discussed: Introduction: Bob and Nate introduce themselves, emphasizing theirexperience in dentistry and financial consulting.Reasons to Avoid DSOs: They discuss three prevailing myths about selling to DSOs:● Myth 1: Selling to a DSO will make more money.● Myth 2: Selling to a DSO means earning passive income from others'; work.● Myth 3: Selling to a DSO will make life easier.They then dive into:Reflection on Season 1: Bob and Nate reflect on Season 1's topics, emphasizing theimportance of owning a dental practice for long-term wealth.Changes in the Industry: They discuss the rapid growth of DSOs and thechallenges they face, such as contract expirations and recruitment difficulties.Case Study: Bob and Nate share a real-life example of a DSO facing financialdifficulties and restructuring, highlighting the risks associated with selling to DSOs.Lessons Learned: They draw parallels with the medical industry's shift towardscorporatization and caution against losing control over one's practice and profession.Preview of Season 2: Bob and Nate outline the topics to be covered in Season 2,including financial principles, contract analysis, equity considerations, and commonpitfalls.Conclusion: Just Say No to the DSO! If you have any questions, please send them [email protected], the episode serves as a warning against the potential pitfalls of selling private dentalpractices to DSOs and provides insights to help dentists make informed decisions about theirpractices'; future.