“Given the rapid growth of managed group practices and the decline of the solo practice, it is our belief that the majority of dentistry will be delivered by managed group practices within a decade…. The train is leaving the station. My recommendation is that you get on board.”
— Dr. Marc Cooper & Chris Creamer, authors of the Valuocity dental book series, 2015.
A Wave of Change
The dental industry is experiencing a wave of rapid change with a glut of retirement ready dentists and a heavily indebted younger generation of dental graduates. Many dentists struggle to find the right solution for retirement and younger dentists struggle to find a better way to buy into a practice. With well-capitalized investment partners, Light Wave Dental Management is dedicated to creating a better alternative for both. Unlike larger DSOs or traditional corporate dentistry, Light Wave is crafting a long-term solution that actually works for both retiring doctors and younger doctors which is based on the principle of partnership. The moral of the story is that when everyone shares ownership and doctors are given more freedom to run their practice, good results follow naturally. Light Wave is aiming to provide the benefits of group practice while also removing the pain points. To learn more about Light Wave click here.
As dentists approach retirement, they face many difficult questions. How do I maximize the value of my successful dental practice? Is selling to large corporate dentistry the only viable option? If I bring on an associate dentist, how will I keep them busy enough without diluting my own earnings? What if my younger associate can't afford to buy my practice? How do I take care of my partners, patients, and staff after I retire?
Younger dentists are graduating with a staggering debt burden. Many struggle to find a path to practice ownership that doesn't require terrifying financial risk. Many also face difficult questions. Even if I can find the financing, won't the challenge of managing the practice be overwhelming? Where can I find a place to improve my clinical skills but also find a risk-free path to practice ownership? Am I resigned to either a lifetime as an associate or struggling to stay afloat with my own practice?
To learn more about a better path to ownership click here.
At Light Wave Dental Management, our mission is to empower dentists by (1) providing a rewarding retirement, (2) reducing financial risk for younger dentists, (3) improving doctor work-life balance, and (4) improving office operations with the singular goal of the optimal patient-dentist interaction.