Medical Billing, DSO‘s & 3D Technology

Have you considered using a DSO (dental service organization) to reduce the burden of medical billing within your practice? When Hootan Shahidi first started in dentistry 15 years ago, he was very anti-DSO. His hesitations weren’t derived from their standard business models but from his own personal interaction. Even though Hootan takes a different approach to office management, his many years of experience have allowed him to view DSO’s in a more positive light. In the debut episode of 21st Century Dentistry, host Jon Harris sits down with guest Hootan Shahidi to discuss medical billing, the pros and cons of DSOs, and what Hootan and his colleagues at 3D Dentists are all about!

For many dental practices, it is typically more financially feasible to leave insurance verification and billing to a third-party company. The creation of DSOs has given dentists the capability to maximize their practices with supportive office management, especially during the pandemic. Similar to 3D technology, DSO’s focus is on recruitment of general dentists and dental specialists. The primary goal of the recruiting process is to provide ways that will ensure long-term retention. But according to Hootan, keeping talented professionals, in the long run, is one of the biggest challenges DSO’s face. In order to combat this persistent issue, DSOs offer competitive benefits that a typical private practice cannot. While the paHootan explains that some of these incentives may include: 401k, profit sharing, flexibility, and health insurance coverage. 

Hootan and his partners at 3D Dentists are passionate about transforming methods of dentistry by educating industry professionals on how to grow their practices by meeting the standards of an ever-changing industry. Since they are dentist-owned and dentist-run, you are assured to get practical advice on how to build a business that will lead to greater longevity. 

In reality, there are many ways you can expand your knowledge and business practices in dentistry so tune into this week’s episode of 21st Century Dentistry to learn more!

 

Quotes:

• “At 3d Dentist, we talk about general dentistry, advanced dentistry, emotional dentistry, how you manage those, how you are able to fill your day with various aspects of those three types of dentistry to keep yourself involved.” (09:52-10:05)

• “If you're a single practitioner and you're the only dentist there, you don't have a business. That's not a business, that's a job. Because when you're off the job, you don't get paid.” (12:35-12:46)

• “I have to admit 15 years ago, when I got into dentistry, I was very anti-DSO. Not because of their business model or their business acumen, having so many locations, or any of those obvious things. It was more because my direct interaction was not positive. (17:48-18:07)

• “I did an interview today and the gentleman was from a DSO and one of his major complaints of why he's leaving is because he's never had the same team at any point in three years.” (29:56-30:07)

• “In terms of 401k, profit sharing paid time off, medical, dental, & vision coverage, DSO’s are far superior because they have the buying power of 200-800 offices.” (31:53-32:06)

 

Links: 

Connect with Hootan Shahidi: 

www.crossoverdental.com 

https://3d-dentists.com  

 

Connect with Jon Harris on Facebook:

https://www.fortunemgmt.com

https://www.facebook.com/jon.harris.39545

https://www.facebook.com/fortunemgmtmidsouth

https://www.facebook.com/fortunemgmtgeorgia

Follow Jon on Instagram: 

@jonharris_ 

@21stcenturydentistry

 

Podcast production and show notes provided by HiveCast.fm