What is a DSO?
Amidst the pandemic, dental practice owners are trying to take some risk out of the future by taking a closer look at affiliating with a dental services organization (DSO).
Selling a dental practice into a DSO means getting administrative support and opportunities to collaborate with fellow dental practitioners on various clinical topics as you try to navigate the challenges brought on by COVID-19.
Managing the business administration side of your large dental practice can be extremely challenging and distracting. Instead of focusing on patient care, a huge chunk of your time is spent on patient recall, new patient outreach, and scheduling.
If you don’t have an HR or legal team, you’ll have to figure out how to treat your employees, keep up with technology, manage insurance-related issues, and comply with government compliance regulations.
In a study conducted by the Dental Products Report, about 82% of respondents think that the ease of operational tasks is incredibly important.
The good news is, you won’t have to go it alone. Merging with a DSO frees you from non-clinical responsibilities that keep you from the work of dentistry.
Understanding a DSO
What Exactly is It?
DSOs are independent business support centers that can be entirely or partially owned by a group of dentists, institutional investors, private equity groups, or executives. These entities provide administrative services to large dental practices owned and controlled by licensed dental practitioners. In other words, they handle tasks that aren’t directly related to the clinical practice of dentistry.
DSOs come in different sizes and structures. However, even with all the variability, they’re essentially designed to handle business management, consulting, real estate, technology, vendor relations, payroll, accounting, HR, and IT. Non-DSO dentists often have to seek out these amenities on an individual basis.
Moreover, DSOs have a wealth of knowledge and experience as to how each practice operates. For this reason, they can customize these services based on the needs of any large dental practice.
Have You Decided on Selling a Dental Practice?
Are you looking to rely on the DSO to handle the business side of your operations through professional office management? Would you like to maximize your multi-office dental practice from a clinical perspective?
Currently, the demand from buyers is high in the M&A markets. DSOs and private equity won’t hesitate to pay a premium for large dental practices. If you want to minimize your chances of mistakes, it’s best to get the help of the nation’s leading M&A Advisory and full-service investment bank in dentistry – Viper Partners.
When we start a conversation with you, we get to know you and ensure you’re taken care of while you transition to a DSO. Our experienced team of M&A practitioners leverages our exclusive relationships with private equity-funded DSOs to bring you the best deals and the biggest offers.
You can count on us to operate with high integrity, efficiency, and a unique value-creation approach from the first phone call to the closing table.
Contact us today to get a free valuation of your practice.