just wanted to point out that dentistry and dental services are very different than eye glasses and drugs; which, are the same no matter where you buy them. All they have to compete on is cost.
+1
just wanted to point out that dentistry and dental services are very different than eye glasses and drugs; which, are the same no matter where you buy them. All they have to compete on is cost.
I agree that the corporate model will probably keep expanding, but isn't the phrase "to put food on the table" a bit dramatic? I imagine that most new grads that go corporate could pick up an associate position and still get by just fine. They may choose to go corporate (which is of course a legitimate choice), but it's not like a do-or-die sort of thing.
I suppose there could be more of a saturation problem than I realize though...
If it were that easy for every new grad to pick up an associate position at a private office, why would corporate places still exist? Do you really think a new grad would pick Aspen over a private associateship if given the choice and offered the same salary? Many old doctors aren't busy enough to keep associates anymore and have to keep working themselves because their investments tanked and can't afford retirement. Sure there are the community clinics and prison systems, but if you enjoy doing more dentistry than almagams and extractions, then those won't be very good options. And yes, there is always start your own office but for every 1 business that is successful, how many will fail? (If everyone succeeded in business, there would be no associates and just look at all the dental practice sales for sale across the nation in the classifieds section of dentaltown). Try putting food on the table when you have $3-5K a month in student loans in addition to the other living expenses such as rent, transportation, electricity, heating, etc. with part-time, underpaying, or no job.
And yes, medicine is also heading in that direction. I spoke to my cousin who is in his 40s and is a partner in a urology group in Maryland and he considers himself a dinosaur (I know, small sample size but just consider this for discussion). With all the red tape and inefficiencies of Obamacare, it will no longer be as profitable to have a private practice in medicine. If someone was smart, they would start an Aspen Medical franchise across the country now.
Regarding medicine - what's disheartening is that I've heard that because of regulations, laws, and ins it is difficult for some fields to operate their own office. What blows me away is that it reeks of crony capitalism; where, through legislation, corporations create conditions where they're most likely to succeed and their competition cannot. ie expensive mandatory EMR's or bundled payments which lend themselves better to a horizontal business model. WTF happened to our country.
BTW: If corp dentistry can grow their practices to include associates why can't existing private offices?
Yes, corporate dentistry have the big purchasing power and can afford anything under the sun, but IF the formula has no dentist in it, the whole business has zero net value.It's not that private offices can't grow their practices to include associates, it's that the dental chains have an easier time to do so. Here are a few reasons why:
1. They have deeper pockets. They get outside investors to help with their day-to-day operations and marketing that you cannot afford. Billboards, ads on buses, direct mailing, tv & radio advertisements, etc. all cost $!!!
2. They get preferred dental insurance provider status. Ever notice how not all dental insurance providers are created the same? They get more HMO and PPO in-network new patients compared to a smaller private practice, and I am sure that a few kick-backs up top won't hurt the cause.
3. They can afford street-level, prime retail center space with large signage. Most new grads can't afford this straight out of school, but if you are one of the fortunate ones who can, more power to you!
4. They have more purchasing power and can streamline their operations and expenses for supplies, technology, and labs because they can buy in bulk. Many have call centers and central billing to support their network of busy offices.
5. They can afford to hire in-house specialists and to make doctors and staff travel. To keep an in-house specialist in your private office, you would need enough work to keep them busy or they will leave or you will lose $ by paying them more than they can produce. Staffing issues are also a major concern if you try to cross-train your staff.
These are just a few examples and I know that chains have more mouths to feed such as the VPs, regional managers, etc. and it is disheartening that people with high school diplomas have more power over you, but this is the reality. Of course it would be all of our dreams to own our own group practice where we hire associates and wouldn't have to show up to work and still make $, but the reality is that this is still the exception and not the rule (just look at your neighborhood and compare the # of successful group practices compared to single doctor dental offices). Aim high but just realize that even if you protest and boycott working for a chain, someone hungrier such as a foreign-trained dentist will still take up a spot.
Yes, corporate dentistry have the big purchasing power and can afford anything under the sun, but IF the formula has no dentist in it, the whole business has zero net value.
I can't understand why dentists give in to something that is worth less than their license. A dental license (dentist) is the center of all corporate dentistry, take it away, and you have a private equity sitting behind a desk with no patients to keep their doors open.
Yes, corporate dentistry have the big purchasing power and can afford anything under the sun, but IF the formula has no dentist in it, the whole business has zero net value.
I can't understand why dentists give in to something that is worth less than their license. A dental license (dentist) is the center of all corporate dentistry, take it away, and you have a private equity sitting behind a desk with no patients to keep their doors open.
I admire your integrity and resolve, but in the end this will be a fruitless battle. Even if you are hypothetically able to convince all the U.S. dental grads to stay away from the chains, what about the international students? NYU pumps out 200+ of them a year, California grants dental licenses to Mexican graduates, and more and more dental schools are increasing their international class sizes because they are huge $ grab. And this is only the tip of the iceberg.... I predict that in our lifetime, the chains will eventually hire dental therapists (there will be 1 "lead dentist" at each office and 10 therapists doing the work). If you haven't already figured it out, it's all about corruption--greedy chain owners will fund sleezy politician to get their way. Now this is not a doomsday scenario because the chains typically cater to the lower middle class, but it will make it much tougher for private practice owners to compete for the remaining upper middle class to rich people (if this sector isn't already saturated). The only thing that we can do is to look out for ourselves and do the best that we can do because we really have no control over what goes on with the chains, dental therapists, influx of international students, new dental schools opening, etc. Make as much and sock away as much as possible because we can't predict what will happen tomorrow.
Good thing you need one dentist to over look 5 dental therapist . On a positive note, but very unfortunate, with the work a majority of the foreign and dental therapy students graduates producing, it'll keep many other dentists busy.
It hasn't been 2 weeks, and ASPEN DENTAL added over 40 new available dentist positions throughout it's chain, bringing the current total to 177. The company is still going with plans to open 1 office a week, while most of it's current dentists can simply leave their posts with 2 weeks notice, adding more open positions to the network. When will the big bubble burst?The vitriol flowing from the nostrils is clouding both vision and judgement. Dentists in private practice will continue to abhor corporate dentistry even if it was the quintessential model; those employed by corporate dentistry will, at best/worst, be ambivalent. In all likelihood, at least some members of the 2013 class will be thrilled to know that there are "over 130 dentist positions available".
It hasn't been 2 weeks, and ASPEN DENTAL added over 40 new available dentist positions throughout it's chain, bringing the current total to 177. The company is still going with plans to open 1 office a week, while most of it's current dentists can simply leave their posts with 2 weeks notice, adding more open positions to the network. When will the big bubble burst?
This thread should be a "sticky" to inform new grads.It hasn't been 2 weeks, and ASPEN DENTAL added over 40 new available dentist positions throughout it's chain, bringing the current total to 177. The company is still going with plans to open 1 office a week, while most of it's current dentists can simply leave their posts with 2 weeks notice, adding more open positions to the network. When will the big bubble burst?
Just when it looked like this post might be flatlining. Will this post ever rip?
Better Business Bureau (BBB) received about 1,000 ASPEN complaints from ASPEN patients. Almost 300 of which were filed within last year, which is about 1 complaint a day. About half of the complaints are based on dental services patients received from ASPEN, a third is related to billing. This is very consistent with the lawsuit filed against ASPEN. Almost all complaints couldn't have been resolved without BBB taking action.
http://www.bbb.org/upstate-new-york...east-syracuse-ny-5000635/Complaints#breakdown
Still not sure how BBB rated ASPEN a B+ from A to F scale, considering ASPEN has this info under the BBB website.
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I would not be surprised.BBB will give an A to anyone willing to pay their extortion membership fee. There was an undercover investigation in which the Hamas terrorist organization paid $425 to the BBB, and then received an A-.