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@n.m.37602 жыл бұрын
I currently work for a corp with 2 other dentists (who are not the owners) and I love it. In my experience, it's a "level playing field" with corp. I don't try to tell the other dentist how to do his job and he doesn't try to tell me how I do my job. I realize not every corp is like this but this is just my experience. I also practice in Canada, so corp may be different here than in USA. It's better than working under some random dentist at a private office (which rarely works out). Because staff loyalty will always be with the person who is signing their paycheques in private office. Also, patients' perception of associates in private office is that associate dentists are seen as inferior quality to the owner dentist. Patients and staff aren't usually very receptive towards an associate dentist. Not so much in corps ("level playing field").
@chaimwexler11073 жыл бұрын
I dont buy that premise that corporate dentistry is more efficient. Corporations by necessity have a lot of waste and padding. Maybe they can save a few pennies on supplies which is a pretty negligible amount of the total overhead. But the biggest expense will always be personnel. Revolving door hiring is always more costly with high training times and less efficient and trained staff. The young dentists they hire by necessity are generally much slower and need a lot of guidance. It just shows that business people dont really know how to evaluate medical practices We run the absolute most efficient dental practice. One dentist one assistant one manager and one hygienist. Same staff for almost twenty years. All of them tops at their game. We use a cerec machine for most of our lab work and use competing suppliers for our purchases. Having a mob of low paid , low retention low skilled employees doesnt seem like a great business model to me.
@prydegirl2 жыл бұрын
Yes an no. If you have no business skills and don’t know how to run a business, corporate dentist may improve your ebitda. If your a high performer and run an efficient business, your ebitda will most likely fall.
@0retree337Ай бұрын
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@0retree337Ай бұрын
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@0retree337Ай бұрын
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@0retree337Ай бұрын
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@stephenraydentist3 жыл бұрын
Another incredible video! Thanks for sharing Joel! You’re going to be the champion of young dentists in no time!
@jmey3 жыл бұрын
ty Stephen! back at ya
@traywaters15753 жыл бұрын
You are the best dental YT channel!!
@jmey3 жыл бұрын
🙏 ty Tray!
@2kidsnosleep3 жыл бұрын
I am in the autumn of my private practice ownership; maybe 10 ish years left to practice. I am hoping private practices increase in value of course, and they will. Corporate will settle in and be just another facet; good for some, bad for others. Sellers need to be careful of share purchases where corporate promises the sky in "shares" rather than cash. That can turn into huge losses in the future to the dentist when the shares turn out to be worthless. Some Orthodontists went through this about 15-20 yrs ago in Canada and lost their offices and savings. Another thing I learned somewhat early on is don’t compare yourself to anyone. Sure you can look at other’s offices, homes, gross, net etc, but when it really comes down to it…do your own thing. Comparing my self to other too much absolutely killed my mojo for dentistry until I decided to do things my way. Then things took off for me. One good spouse is also a huge asset. Good videos, keep your white characters still on the screen instead of vibrating, annoying as hell to read moving letters
@baby199819973 жыл бұрын
These videos deserve some recognition on the Facebook groups
@jmey3 жыл бұрын
thanks Carlos, appreciate your support!
@jackiei38872 жыл бұрын
I’m a hygienist in a corporate office. In my experience and from what I hear from some of the dentists I work with is that it is more efficient. The pros have been having better medical ins compared to my private practice friends and being one of many hygienist can be nice as well when dealing with pt personalities. Cons Working hours ( until 8 and weekends) Pay - on the low side of average pay Work load - for a dentist they want more work because they get paid on commission. As a hygienist in the office I don’t get paid that way. My schedule is always full and compared to my friends in private practice I’m expected to do more during my appt than they are ( excessive (in my opinion) X-rays, Velscope, arestin, scaling and root planning, prevident, fluoride) the treatment is not individualized but standard. that can be good and bad.
@Alexis-ov5ou3 жыл бұрын
I love your content ! I’m taking the DAT this summer and your channel is a great place to get good info. Thank you!
@jmey3 жыл бұрын
GL!
@augustinemasiala16243 жыл бұрын
I appreciate the breakdown, Joel. I’ve heard a lot about DSOs and corporate dentistry. Every video I watch, I feel like I learn so much and can make my own choices in the end. Thank you!!!
@jmey3 жыл бұрын
ty Augustine! appreciate it
@aneekaak3 жыл бұрын
I guess they understood tech companies business model and learned how to exploit it with dentistry too!
@danistein42723 жыл бұрын
Learned a lot from this one 😊
@bananamusic71503 жыл бұрын
Another banger!! I am, however, missing that trademark Joel Lulu shirt. (:
@jmey3 жыл бұрын
lol, they shall return :)
@jmey3 жыл бұрын
and ty!!!!
@miocinghiale223 жыл бұрын
Great video Dr. Meyerson! A video on military dentistry would also be helpful.
@jmey3 жыл бұрын
a bit different style video but I did an interview all about it here -kzfaq.info/get/bejne/grR0a6Vk2KzUipc.html
@Ravii-mr9wz3 жыл бұрын
This channel is very helpful Great job 👏🏻
@mariaisabelaguiar-limone5459 Жыл бұрын
Talk about MEDICAID, MEDICARE and DENTAL INSURANCE TOO
@adrielwilliam77673 жыл бұрын
This is quality content Joel
@jmey3 жыл бұрын
thank you Adriel!
@edrolick111 ай бұрын
Amazing video, thank you!!
@prydegirl2 жыл бұрын
It you have poor social skills, poor communication or poor dental skills, then it’s best you work for someone else. There are dentist that go bankrupt every day. The problem is no one thinks they are below average. The market is right most of the time.
@mikepapastamatis77593 жыл бұрын
Great job on this video. I think you may have been off on the point of earning potential though. Yes a DSO is generally busy, but as a practice owner when the office grows, so does your income. Also, your typical percentage of pay only included the standard collections based model. As an owner, you are also taking home the total profit of the office, so your total pay is closer to 50%. Your sweat equity is returned to you directly rather than to the DSO, and as you grow, the profitability increases due to the fact that most of your costs are tied to labor which remains static. Overall this is only relative to those who want to take on the challenges of ownership which although is more work, can lead to higher take home. Keep these great videos coming, I am sure they are helping many people.
@jmey3 жыл бұрын
yep, totally agree. check my video on how much money dentists make for more of my thoughts on this. and ty for the support!
@user-lg1tn5sj7k Жыл бұрын
Reception X Ray
@joshuatanase37183 жыл бұрын
Joel you're a handsome bloke.
@jmey3 жыл бұрын
thanks Joshua, you have good taste
@danistein42723 жыл бұрын
Very handsome bloke indeed!
@harvestingseason27252 жыл бұрын
@@danistein4272 oh oh
@harikachaganti4682 жыл бұрын
Hey I'm a foreign trained dentist, what are the chances to get work visa after getting a DDS degree? and is there any chance for GC for us? i heard about NIW too do we qualify for that ?
@harikachaganti4682 жыл бұрын
this is for USA
@kranthikiran41952 жыл бұрын
I would suggest you to marry a US citizen or Green card holder (if not married yet) if you wanted practice in US, if not very tough to get into this profession.
@vasilykulchenko86403 жыл бұрын
can we get CE points after listening to your videos? ))) thanks for your insights
@jmey3 жыл бұрын
haha I wish
@DToIVI3 жыл бұрын
Interested in what the comment posted at 6:50 says... :)
@jmey3 жыл бұрын
you can make a lot of money in corporate if you want to
@mediabuzz89523 жыл бұрын
such high-quality entertainment and education sucks that people like trashy media hence why you do not have quadruple the views.