How to Grow Your Dental Practice
After buying a dental practice, you’ll need to implement effective growth strategies and tactics to make the most of your investment.
contact us Work with UsAfter buying a dental practice, you’ll need to implement effective growth strategies and tactics to make the most of your investment.
contact us Work with UsGrow your practice by executing with excellence across the fields of clinical dentistry, marketing and advertising, patient experience, staff management, and business operations.
Let’s dive into detail on what you need to know.
Brian Hanks helps dentists navigate the acquisition process, from due diligence through closing.
The best dental offices fire on all cylinders. By balancing warm service, professional care, smooth operations, and strategic business practices, they create long-term partnerships focused on oral health, not just quick fixes.
You’re a good dentist, but so is the other doctor down the street. So what defines a truly great dental practice beyond technical skills? It comes down to mastering the patient experience, high-quality care, teamwork, systems, business operations, facilities, and reputation.
The best practices start with patient-centric care. Warm service makes patients feel welcomed and cared for as people. Appointment booking should be easy and convenient, offices should provide a tranquil, comfortable setting, and modern technologies and amenities create positive experiences.
Superior quality of care comes from dentists dedicating themselves to continuing education, advancing their skills, and providing minimally invasive treatment focused on long-term oral health. Their expertise and compassion build trust and loyalty.
Cohesive, talented teams provide seamless experiences patients appreciate. Ongoing training keeps staff skills sharp. Smooth coordination behind the scenes optimizes workflows and office operations.
Meticulous management of budgets, metrics, technologies and marketing separates excellent practices. Precision operations enable profitability and growth while allowing dentists to concentrate fully on patient care.
The office environment completes the patient experience. Inviting designs, natural light, and relaxation features promote comfort. Cutting-edge equipment enables minimally invasive, precise dentistry, and robust protocols ensure spotless organization and sterilization.
Reputations are built over years through delivering consistent quality across all areas. Positive word-of-mouth, online reviews, and local recognition reinforce the practice’s image as a leading provider of elite yet accessible care.
Sustain growth with strategic planning and execution across all aspects of your dental practice.
While growth levels will fluctuate, you can implement a combination of key initiatives that can help drive incremental ideas to grow your patient base, revenues, and profitability over time. Here’s how to grow your dental practice successfully:
The main goal of your dental practice growth strategy should be to increase patient volume. After all, your practice wouldn’t exist without its patients.
An exceptional patient experience is crucial to attract new patients, retain existing ones, and bring back those who have left. Dental practices must focus on understanding dental patients’ needs and preferences in order to deliver personalized service that drives loyalty and growth.
Attracting new patients is essential for driving growth and requires a multi-pronged strategy across marketing, outreach, and patient experience. Here’s how to do it effectively:
Deliver an amazing first impression and visit experience to convert prospective patients into loyal, long-term patients.
You should aim to understand your existing patients and provide experiences that make them feel valued to build patient retention. To increase the loyalty of existing patients, you should:
Keep current patients happy and communicate consistently to drive referrals, compliance, and practice growth.
Re-engage patients through proactive patient communication to bring back those who have become inactive. Here are some tips for growing your practice by marketing to inactive patients:
Proactively engage lost patients. This will help you recover lost revenue and meet growth goals.
An effective dental marketing strategy is essential for growing your practice and bringing in new patients. Dedicate time and advertising spend to marketing your dental practice across multiple channels.
Dental practice marketing should use both traditional and digital tactics to maximize reach. Here are some proven ways to promote your dental clinic:
A targeted, multi-channel approach is key for successful clinic promotion. Track results and optimize your efforts based on data to refine your strategy over time.
Your online presence is often the first impression for prospective patients searching for a new dentist. Follow these tips to improve your online presence:
A strong digital presence establishes credibility and helps drive website traffic and conversions. Investing in your online platforms should be an ongoing priority as digital marketing continues to evolve.
Promotions and incentives can attract new patients and encourage loyalty. Here are some ideas:
Creative promotions not only help acquire new patients but can also boost practice growth by improving patient engagement. Test new offers and analyze results consistently to determine the most effective promotions for your practice.
Monitor patient data and key performance indicators (KPIs) for valuable insights into metrics that can help you improve your dental practice growth strategy. KPIs to track include:
Analyze KPIs to identify what marketing and operational tactics work to sustain growth. Setting specific goals for each metric will allow you to measure performance over time.
Optimize workflows and office systems to maximize the practices’ efficiency and growth. Best practices include:
Tight operations and workflows allow the practice to see more patients and deliver better care. Review systems on a consistent basis and look for areas of improvement to ensure you adapt to the evolving industry.
Referral relationships are vital for growing your dental practice patient base. To build marketing referrals, you should:
Strategic referral marketing alliances can significantly increase new patient flow. Nurturing referral relationships requires ongoing communication and reciprocation.
Host community events and be involved in your community to grow your dental practice. Potential events you could host include:
Thoughtful community events build brand awareness and goodwill. They also provide opportunities to meet prospective patients and referral sources, further growing your private practice.
Invest in ongoing training to improve staff capabilities and practice management. Comprehensive training and development programs lead to highly skilled teams that support excellent services, which leads to a healthy reputation among existing and potential clients. Ideas include:
Knowledgeable, confident staff translate to higher efficiency, productivity, and patient satisfaction. Training should incorporate both clinical and operational skill development.
The appearance and aesthetics of your dental practice have a significant impact on the patient experience. An inviting, professional office space conveys your brand’s values and makes guests comfortable.
The patient experience starts from the moment one walks through your doors. Ensure that your practice aesthetics align with your brand identity and values. Here’s how to build your dream dental practice:
With strategic upgrades and improvements, you can create an office aligned with your vision that also appeals to patients. This should be an ongoing process as designs and technologies evolve over time.
Stand out from the competition by defining and promoting your unique value proposition. Some examples include:
Identify signature elements that differentiate your practice and give prospective patients compelling reasons to choose your office. Reinforce your differentiation with effective marketing practices to attract your target patient base.
Acquiring an existing practice is the fast-track to growth, but the process is complex. From valuations to negotiations to financing, there are many moving pieces to coordinate. Our experienced dental practice purchase consultants guide you through every step.
At Dental Buyer Advocates, we help qualified buyers like you purchase the ideal practice to meet your goals. We walk you through due diligence, valuations, insurance, financing, and more.
Looking to purchase and grow your own practice? Contact us today and book an appointment. With our team quarterbacking the entire journey, you can invest in an established practice with confidence. Our tailored guidance enables smooth acquisitions, so you can focus on patients and growth from day one.
Listen to this podcast episode to understand the 5 things you need to purchase a dental practice.
Yes, the dental industry is experiencing steady growth driven by greater consumer focus on oral health, an aging population retaining natural teeth longer, and expanded insurance coverage. This increased demand benefits both large corporate dental chains and independent private practices. Successful healthcare marketing strategies can help fuel the growth of your dental practice even more.
Most successful dental medical practices target a growth rate between 3-5% annually to expand patient volume and revenue sustainably over time. Achieving higher growth typically requires adding locations, services, staff and marketing aggressively.
According to the Bureau of Labor Statistics, dentistry will continue growing at above average rates versus other healthcare practices through 2030. Demographic trends of population growth, aging, and insurance coverage expansion will drive rising demand for dental practitioners.
Dental practice owners can achieve steady profitability by executing effective business strategies. Controlling costs, optimizing billing and collections, focusing on higher reimbursing procedures, and scaling gradually are key to generating strong profits over time.
Oral surgery is often considered the most lucrative field within dentistry, given procedures like wisdom tooth extraction that have high reimbursement rates. Orthodontics and prosthodontics also rank among the highest paid dental specialties.
Whether you’re trying to find a practice or have already closed on one, we provide expert guidance for every aspect of the deal. Click any of the links below to learn more.
It all starts with finding the perfect dental practice for you.