GOALS

• Expand his existing orthodontic practice by opening a second location within the next 3 years to serve a wider patient base
• Implement new technologies and treatment modalities, such as clear aligners and digital impressions, to enhance patient experience and improve treatment outcomes
• Transition to a more leadership-focused role within his practice, delegating day-to-day operations to a trusted team while focusing on strategic growth and mentorship.

Frustrations

• Dealing with the increasing complexity of insurance contracts and reimbursement rates, which puts pressure on profitability
• Recruiting and retaining experienced and qualified dental staff, especially dental hygienists and assistants, is a constant challenge
• Managing the financial aspects of running a practice, such as tracking expenses, managing payroll, and negotiating with suppliers, can be time-consuming and stressful.

GOALS

• Plan for a smooth and comfortable retirement from private practice within the next 5-7 years, ensuring a financially secure future
• Find a suitable buyer or partner for her dental practice who shares her values and commitment to patient care and will maintain the legacy she has built
• Dedicate more time to mentorship and volunteer work, using her skills and experience to give back to the community and support aspiring dentists.

Frustrations

• Keeping up with the administrative burden of running a practice, including managing staff, handling paperwork, and complying with regulations, becomes increasingly demanding with age
• Concerns about the financial implications of selling her practice and ensuring a fair valuation for her years of hard work and investment
• Feeling overwhelmed by the rapid technological advancements in dentistry and the pressure to adapt and invest in new equipment to remain competitive.