Episode 24: The Business of Dentistry
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Show Notes
Vivek Kinra is a Computer Engineer by degree but his career moved into business management at a young age. He has had multiple leadership roles leading big engineering departments at large corporations.
He got into dentistry by marrying a dentist. His wife Dr. Lyuda started a scratch practice in late 2015 in a very saturated area of Chicago. The practice, VIP Dental Lounge, is a small 3 operatory practice (expanding into 6 shortly) that is setup as a very high tech office. Their goal is to build the best dental office in Chicago from the ‘eyes of a patient’.
Vivek designed the office as well as setup the business processes to drive profitability to the practice
Vivek has built the business side of the practice to be a million dollar practice running at less than 50% overhead. He has been successful at negotiating insurance contracts to get insurance reimbursements high enough to have less than 10% writeoffs.
Vivek’s next project is to build his course where he teaches the secrets of getting better reimbursements from insurance companies dentists are already in network with.
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