Shared Practices | Your Dental Roadmap through Practice Ownership (Dr. Richard Low | Shared Practices Network)

Our new host Dr. Scott Leune talks about the strategies that take home $1 million as an owner-operator. Learn how to truly optimize your practice, from refining your fee schedule and getting better patient flow—all while maintaining a balanced lifestyle. 

Watch the video version here.

Welcome to the Shared Practices podcast 2.0, where we're rebooting everything from scratch—new hosts, new topics, and a fresh focus on what's relevant today. No more diluted content; we're separating pre-owner discussions into their own feed, so if you're here to grow a dental business, you're in the right place.

If you're curious about how to get into practice ownership, check out "The Pursuit of Ownership" feed (once that feed link exists, we'll put it here for you, our listeners).

For all the old Shared Practices content, you'll find it archived on its own feed. Search: 'shared practices archive' on your favorite podcast directory.

Dr. Andrew Clingan shares his rollercoaster journey of purchasing a dental practice right out of school and transforming it into a million-dollar business within a year. He opens up about the brutal realities of the first few months, the importance of finding the right team, and a mix of luck and leadership.

Be sure to subscribe and leave us a review on your favorite podcast platform to help us reach more dental professionals like you. Visit our website for more episodes, join our community on Facebook, and follow us on Instagram for the latest updates and behind-the-scenes content.

Learn how to take home $1 million as a part-time dentist. Dr. Scott Leune talks about the strategic shift from full-time practice to working just a few days a week while maintaining a high income.

Leverage your practice, minimize overhead, and focus on high-value procedures without the burden of exams.

Watch the video version here.

Richard and Caitlin dive into "metric blindness" in dental practices, focusing on how to understand and manage Accounts Receivable (AR) for financial health.

Key Highlights:

Understanding Accounts Receivable (AR):

AR reflects the money owed for services provided but not yet collected. Learn how it can be a positive indicator when managed correctly.

Key Metrics for AR Management:

Metrics like the collections ratio, AR to production ratio, and aging categories provide a clear view of your practice’s financial health.

Proactive AR Strategies:

Discover proactive measures to keep cash flow healthy, like setting clear collection guidelines and accurate cost estimates.

Don’t let metric blindness limit your practice's success. Find out how to manage AR effectively!

Have a question or topic you want us to cover?
Reach out to us on social media or our website at www.sharedpractices.com. Don’t forget to subscribe and leave a review if you enjoyed this episode!

We continue our journey toward building a million-dollar practice, and we focus on one of the the final phases—scaling your business without sacrificing your well-being. Dr. Scott Leune and I discuss how to grow your practice responsibly, avoid all-too-common pitfalls, and get financial freedom, but also a balanced life.

Watch the video version here.

In this episode of the Shared Practices Podcast, the focus shifts to understanding the role of the Dental CEO and how practice owners can embrace a leadership mindset to drive growth and efficiency. Learn what it means to operate as a CEO and how this perspective can transform your practice’s success.

Key Highlights:

1. The CEO Mindset:
   Shifting from a clinician’s mindset to a CEO mindset allows practice owners to lead their business strategically, focusing on long-term goals and team development rather than day-to-day tasks.

2. Building Systems for Growth:
   Discover the importance of creating systems that allow your practice to operate efficiently without your constant involvement. This is key to scaling and freeing up your time for leadership responsibilities.

3. Leadership & Team Management:
   Leading as a Dental CEO means developing your team, fostering accountability, and empowering them to take ownership of their roles, which ultimately drives practice growth.

Ready to step into the role of Dental CEO and take your practice to the next level? Tune in now to gain insights on leading your practice to success!

Have a question or topic you want us to cover?

Reach out to us on social media or our website at www.sharedpractices.com. Don’t forget to subscribe and leave a review if you enjoyed this episode!

In this episode, George discusses every dental practice owner's crucial decision: Should you prioritize profit or focus on growth? He breaks down the key differences between these strategies, explains how to assess which approach fits your practice, and shares the financial metrics that matter most. George also explores how practices can achieve profit and growth through the right balance.

Key Highlights:

• Profit vs. Growth Strategy:
  Understand the differences between maximizing profit (cutting costs, optimizing cash flow) and growth (reinvesting profits to expand).

• Critical Metrics for Profit and Growth:
  Learn about the essential metrics to track, such as profit margin, overhead percentage, revenue growth, and patient acquisition.

• Choosing the Right Path:
  Get guidance on prioritizing profit or growth based on your practice's goals, financial health, and long-term vision.

• Balancing Profit and Growth:
  Discover strategies to balance profit and growth by optimizing current operations while reinvesting for the future.

Have a question or topic you want us to cover?

Reach out to us on social media or leave a comment on our website at www.sharedpractices.com. Don’t forget to subscribe and leave a review if you enjoyed this episode!

In this episode of the Shared Practices Podcast, Richard Low and Scott Leune dive into the essential task of building operations for dental practices. As a Dental CEO, mastering operations is key to running a smooth and profitable practice. Learn the strategies and systems that make a big difference in daily practice management.

Key Highlights:

1. Creating Efficient Systems:
   Richard and Scott discuss how building effective systems within your practice can streamline daily tasks, improve productivity, and free up your time for leadership responsibilities.

2. Managing Operations for Growth:
   Learn the importance of scaling your operations to handle growth without losing control. Scott shares key insights into designing systems that grow with your practice.

3. Delegating and Accountability:
   They break down how to delegate tasks effectively, creating a culture of accountability within your team to ensure that operations run smoothly even when you're not involved in every detail.

Ready to build a successful operations system for your practice? Tune in now to learn from the experts and take the next step toward confidently leading your practice!

Have a question or topic you want us to cover?
Reach out to us on social media or our website at www.sharedpractices.com. Don’t forget to subscribe and leave a review if you enjoyed this episode!

Welcome to the Shared Practices podcast 2.0, where we're rebooting everything from scratch—new hosts, new topics, and a fresh focus on what's relevant today. No more diluted content; we're separating pre-owner discussions into their own feed, so if you're here to grow a dental business, you're in the right place.

Watch the video version here.

In this kickoff episode, Dr. Richard Low, Dr. Scott Leune, and Dr. George Hariri dive into the concept of becoming a million-dollar take-home dentist without burnout. We talk about the smart solo practice, controlled growth, and the patient approach to building wealth.

If you're curious about how to get into practice ownership, check out "The Pursuit of Ownership" feed (once that link exists, we'll put it here for you, our listeners).

For all the old Shared Practices content, you'll find it archived here.