This story shows how even a good dentist can run into serious trouble when the business side of the practice gets off track. Dr. Marcus was a strong clinician with loyal patients, but behind the scenes, his practice was struggling. Collections had stalled, his fee schedule was outdated, and communication with the team was not…
This episode breaks down why understanding overhead is so important in a dental practice. We talk about how overhead is more than just a number or percentage. It includes everything from staff wages and supplies to lab bills and facility costs, and all of it affects how healthy and profitable a practice really is. We…
In this episode of the KLAS Solutions Dental Business Podcast, Phil Cole (CEO of KLAS Solutions) talks about one of the biggest moves in dentistry: going from being an associate to becoming a practice owner. Phil shares real-world insight from helping dentists through practice transitions and breaks down what associates need to know before they…
The podcast delves into the multifaceted journey of Dr. Ryan Brunworth, a dentist with over two decades of experience, who shares both his triumphs and tribulations in the dental profession. Initially, Dr. Brunworth’s career began with an acquisition of a dental practice shortly after his graduation from the University of Michigan. However, this rapid ascent…
The predominant focus of this discussion centers on the financial missteps frequently encountered by dental practice owners. I explain the five most significant financial mistakes that dentists commonly make, which often lead to suboptimal profitability despite apparent success. We commence with the critical issue of conflating personal and business finances, including tax inefficiencies and diminished…
The Dental Business Podcast enters a new era with its rebranding, emphasizing a dual focus on clinical excellence and business proficiency. Understanding that the traditional dental curriculum often neglects essential business principles, we aim to provide our listeners with a comprehensive toolkit that encompasses financial management, effective marketing strategies, and operational efficiencies. The first episode…
Takeaways: The procrastination penalty emphasizes the critical need for early planning in exit strategies. Valuation illusions can lead to unrealistic expectations about the worth of dental practices. Understanding tax implications is pivotal to maximizing the proceeds from a practice sale. The successor mirage highlights the dangers of informal transitions without binding agreements. The high income,…
Key Takeaways from your host Phil Cole, CEO of KLASSOLUTIONS The podcast has officially rebranded from the Dental Education Podcast to the Dental Business Podcast to better align with its focus on business strategies for dental practice owners. The episode emphasizes the importance of partnerships in dentistry, highlighting how collaboration can lead to reduced workloads…
Got a busy schedule and thin margins? In this episode, I break down the simple math behind hitting 25% profit—and why most dental practices miss it. I’ll show you where money leaks, how to plug them fast, and the key habits that keep your numbers strong month after month. What you’ll learn: The 3 numbers that…
In this episode of the KLAS Solutions Dental Education Podcast, we’re talking about how to lead with heart and make clear business decisions. You care about your patients and your team—that’s a strength. But when empathy drives every call, it can lead to burnout, confusion, and lost profit. We’ll walk you through simple ways to set fair…