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Hey there, dental professionals and industry enthusiasts.

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Picture this. It's October, and you're in the

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middle of one of the most transformative

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experiences of your career. You're at the Becker's

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fall future of dentistry roundtable in the vibrant

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city of Chicago, fresh off an incredible 3

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days at the Hyatt Regency. Imagine yourself inspired

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and invigorated after attending captivating keynote sessions by

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none other than the legendary boxing world champion

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and CEO, Lila Elite, and the extraordinary professional

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player, Caitlin Clark. See yourself engaged in lively

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discussions, exchanging ideas, and collecting a stack of

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business cards from fellow dental experts and potential

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partners. You've networked with over 350

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attendees and learned from more than 80 speakers

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who are at the forefront of dental innovation.

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You sat in on educational

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sessions exploring topics that elevate dental care as

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a critical element of whole person health. You've

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witnessed firsthand how digital technology is revolutionizing

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patient outcomes

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and how both large DSOs and independent practices

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are flourishing.

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Get ready to transform your career and don't

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miss out on this incredible opportunity. The Becker's

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fall future of dentistry roundtable is from October

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30th to November 1, 2024.

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Get registered by going to beckersdental.com

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and clicking on the events page.

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Hello. This is Arianna Portelatin with the Becker's

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Dental and DSM Review podcast.

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I'm thrilled to be joined today by doctor

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Jeffrey Carter, the founder and chief medical officer

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of the US Dental Surgery Network. Doctor Carter,

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thank you so much for being here today.

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Thank you. It's my pleasure to be here.

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Mhmm. To start us off, can you introduce

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yourself and tell us a little bit about

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your background?

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Sure.

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I I'm currently a practicing oral and maxillofacial

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surgeon.

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I was one of those early,

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MD, DMD type trainees that that developed in

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19 seventies. I spent pretty much my entire

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career in the gap of medicine and dentistry.

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That that is important because it's been able

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enabled me to be able to learn lessons

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in medicine and see how they transferred it

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to dentistry.

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Early in my career, I was an academic

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chairman. I ran an oral maxillofacial surgical residency

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program at the Carls Clinic in Illinois.

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And then after

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a period of time in academics, I transitioned

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back to Nashville

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and built a 5 location oral surgery practice.

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That was in the early days of electronic

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health records where we're building them before the

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mouse was invented. So we've been at this

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for quite a while and have seen quite

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a bit of innovation.

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After that, I was I built and designed

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the first,

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dental ambulatory surgery center that was Medicare certified.

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That was built at Nashville.

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And, I served as a medical director of

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that facility for about 27 years.

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In my more recent,

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iteration, I I've sold those enterprises, and and

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now I'm building a mobile oral surgery platform

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to provide oral and maxillofacial surgery and general

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anesthesia to to the large DSOs

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that want to incorporate in house oral surgery.

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So, so far the process of this over

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the last 6 years, we're in about 70

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different locations in 6 states.

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Great to hear about your extensive experience. Thank

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you so much for that.

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First question here, what are some of the

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biggest issues that you're following right now in

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the dental industry?

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Sure. Well, one of the the trends that

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I've I've noticed is I started to leave

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one state go to multiple states is is

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how the demographics of what's going on in

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the dental industry has changed. And I'm excited

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to finally see that they're we're getting some

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national

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dental licensing and reciprocity

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rules that are being built. There's these large

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cooperatives

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where if you're in one state, you have

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reciprocity in another. And when when I first

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started this enterprise, I think I, of course,

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had to accumulate

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9 different dental dental licenses in 9 different

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states. And if you know one state, you

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know one state. So they're they're all very

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different. But when you start to do things

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like,

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have office inspections for general anesthesia,

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the the individuality between the states even becomes

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more and more granular. That's a hard thing

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to do. But, hopefully, at least with the

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with the National Dental Licensing and Rest of

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Process, it's gonna be easier for providers to

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to move from location to location.

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Dental licensing has, for a long period of

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time, been a huge barrier to to opportunities,

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and, certainly, it's a barrier when you're trying

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to build a a multistate

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organization.

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I think the second thing is is the

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issue, and everybody talks about this, but it's

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it's real. It's real, and that is the

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recruiting challenge.

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I'm in a specialty

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in a dental specialty recruiting,

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silo where we're we're trying to recruit,

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young surgeons. As you know, there's only about

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250 oral surgeons trained each year, and there's

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no immediate plans to increase that. I think

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there may have been one residency added, by

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CODA in the last

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the last 3 years. So it's not a

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large population of people coming out. And by

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last count, I think there were 17,

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oral surgery DSOs that are at the different

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stages of evolution

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all chasing the same talent

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pool. So if you're if you're a solo

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practitioner looking for a partner, if you're a

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group looking for a 5th man, or if

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you're a DSO,

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there's a lot of a lot of competition

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for the same talent. So that that's a

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significant,

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challenge for all of us.

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And are there any specific strategies that your

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company has put in place to really help

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with these, recruiting challenges?

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Well, we use, professional recruiters. We've tried that.

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And then, you know, the other the other

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interesting thing is that when you lose use

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professional recruiters,

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you're basically going, pretty much head to head

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with everybody else's offers. So what I've what

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I've seen over the years of going to,

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like, the annual oral surgery meetings, it used

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to be that, you know, you would you

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would interview somebody in that location. Now that

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that's been totally hyped up and amped up.

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But you have you have recruiters

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basically camping out in residency locations,

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signing contracts for people before they get out

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of residency,

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giving them the sign on bonuses,

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with with or without payback, you know,

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clauses to try and entice them to to

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sign up for a company 3 years from

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the time that or, you know, 3 years

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from the time they get about to finish.

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So there's a lot of heavy recruiting,

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heavy heavy recruiting that goes on and there's

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some people making decisions even before they're fully

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trained search. That's all new. You know? So

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it's it's tough to try to

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try to compete with that. You just have

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to try to find the people that have

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the best fit for what you're doing.

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One of the things that our organization,

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allows is the ability for people to be

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independent contractors.

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Now a lot of the younger surgeons don't

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really understand the the full tax implications of

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being an independent contractor versus an employee, but

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but they're numerous. And so the people that

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kind of understand that are attractive to come

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to work with a platform like ours because

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all of our our our doctors are independent

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contractors, which gives them the same flexibility that

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they, they potentially would have had if they

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were a solo practitioner.

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Gives a lot of autonomy. Gives a lot

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of flexibility of their life.

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Okay. Yeah. I'm also curious. I know these

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workforce issues, were happening before the pandemic, and

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then COVID kind of,

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exacerbated everything.

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What did shortages and really the workforce overall

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look like when you first entered the field?

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Go back.

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Yes. It's very different back back in the

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eighties. You know, the 19 eighties, we we

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would hire we would hire dental assistants or

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surgical assistants. They would be with you for

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for 25, 30 years.

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And on on the on the surgeon side,

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you'd hire us you'd hire a surgeon and

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you expect them to be your partner for

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30 years. Well, that doesn't exist anymore.

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And so if you grew up in that

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mentality where you're trying to find the perfect

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fit, I mean, the probability of that is

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is pretty much 0. You know, when you

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look at the medical profession, and I've heard

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people tell me in the nursing profession, the

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average nurse stays in a job, you know,

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over 24 months. Okay? When I first went

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to practice, I had a head nurse that

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stayed with me in my entire academic career

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of 8 years, and I had others that

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stayed with me in my private practice days,

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you know, for for 15 or 20 years.

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And and that that's absolutely unheard of today.

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It doesn't seem to make any difference kinda

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what what the benefit package is and what

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the work environment is. If if somebody moves

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or somebody has a child or somebody has

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a family, if that that the demographic movement

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of the workforce in dentistry and medicine is

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so mobile,

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that you just can't keep keep people grounded.

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You just have to continue to be very

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good at,

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at onboarding and teaching and getting people up

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to speed as soon as possible. I think,

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you know, back you know, as as I've

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seen that transition over the over the 35

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years I've been doing this, you you see

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the transition. You saw it first in the

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mobile workforce of the dental assistants. You know,

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the majority of those are females. They're sometimes

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they're they're childbearing age, and so they're gonna

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be very, very mobile in terms of their

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mobility. And then in dentistry, you know, we've

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seen the same thing. With dentistry, we've seen,

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know, the significant expansion of of women in

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dentistry,

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and then you're you're now seeing the same

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type of mobility issues with,

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with the with male and female providers. You

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know? So that's it's a it's a demographic

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shift and and the industry just has to

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figure out how do you how do you

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cope with it. But it's it's hard. I

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mean, I I can remember being a surgical

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resident of Vanderbilt. We had we had a

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female neurology resident, and it was a big

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deal when she was pregnant. People couldn't figure

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out what to do. You know, that was

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that was back in the stone age. But

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now, you know, you look at that. You

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have maternity leave. You have paternity leave. You

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have ways. You have gaps. You know, you're

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running a surgical practice. It's really tough to

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replace somebody. They disappear for 9 months or

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6 months or 3 months. You know? So

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those are new challenges. We have to kinda

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figure out how to do how to how

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to build around that. And we'll we'll figure

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it out. Just just it's a question of

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basically being innovative and and trying to,

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00:09:29,389 --> 00:09:32,029
you know, micromanage people's time and access. But

266
00:09:32,029 --> 00:09:33,549
but I see the workforce I don't see

267
00:09:33,549 --> 00:09:35,230
that problem getting any better, to be honest

268
00:09:35,230 --> 00:09:36,584
with you. Okay.

269
00:09:37,445 --> 00:09:39,445
And I'm also curious. What are you most

270
00:09:39,445 --> 00:09:41,284
excited about when it comes to dentistry right

271
00:09:41,284 --> 00:09:42,904
now, and what makes you nervous?

272
00:09:45,924 --> 00:09:48,345
I'd say the thing I'm most excited about

273
00:09:48,789 --> 00:09:49,289
is,

274
00:09:49,910 --> 00:09:52,330
kind of the applications of technology to dentistry.

275
00:09:52,629 --> 00:09:54,470
I guess there's probably 2 examples I would

276
00:09:54,470 --> 00:09:54,970
cite.

277
00:09:55,750 --> 00:09:57,590
One is a project we're working on with

278
00:09:57,590 --> 00:10:01,034
a mobile, portable dental, electronic dental anesthesia record

279
00:10:01,434 --> 00:10:04,654
to replace, the generations old paper anesthesia records.

280
00:10:04,875 --> 00:10:06,815
There's been a lot of innovation in dentistry

281
00:10:06,954 --> 00:10:09,034
and and, you know, billing systems and revenue

282
00:10:09,034 --> 00:10:10,875
cycle stuff, but it's not not much on

283
00:10:10,875 --> 00:10:11,375
the

284
00:10:11,754 --> 00:10:14,154
the the anesthesia side. There's been innovations for

285
00:10:14,154 --> 00:10:16,320
all surgery medical records and so forth, but

286
00:10:16,480 --> 00:10:18,080
you also the anesthesia piece has kind of

287
00:10:18,080 --> 00:10:19,700
been left left to the side.

288
00:10:20,160 --> 00:10:21,679
And one of the things we found early

289
00:10:21,679 --> 00:10:23,120
on is that we if we're gonna go

290
00:10:23,120 --> 00:10:25,679
to multiple locations and deal with multiple DSOs

291
00:10:25,679 --> 00:10:26,899
with multiple EHRs,

292
00:10:27,360 --> 00:10:28,639
we had to have kind of a stand

293
00:10:28,639 --> 00:10:31,464
alone, anesthesia record that could go and follow

294
00:10:31,464 --> 00:10:34,184
us around and take care of all of

295
00:10:34,184 --> 00:10:36,184
the requirements that are that are mandated by

296
00:10:36,184 --> 00:10:38,184
these different states. And we were in the

297
00:10:38,184 --> 00:10:40,125
process we've we've kind of built an enterprise

298
00:10:40,184 --> 00:10:42,345
doing that, to try to figure out how

299
00:10:42,345 --> 00:10:43,904
we could do that digitally. And so we

300
00:10:43,945 --> 00:10:45,464
we've come up with a device that basically

301
00:10:45,464 --> 00:10:47,159
does it with an iPad.

302
00:10:47,559 --> 00:10:49,639
It's very mobile, very nimble, so we can

303
00:10:49,639 --> 00:10:51,720
pretty much go into any office, and we

304
00:10:51,720 --> 00:10:54,440
can have our own, isolated anesthesia record, which

305
00:10:54,440 --> 00:10:56,799
which tracks all of the necessary parameters that

306
00:10:56,799 --> 00:10:59,019
are required by each of the individual states.

307
00:10:59,355 --> 00:11:01,434
As I mentioned before, you have a lot

308
00:11:01,434 --> 00:11:02,574
of different variations.

309
00:11:02,875 --> 00:11:04,634
For instance, the state of Texas has its

310
00:11:04,634 --> 00:11:06,554
own set of rules that are very different,

311
00:11:06,554 --> 00:11:08,315
and your anesthesia record has to have, you

312
00:11:08,315 --> 00:11:10,235
know, 17 or 18 bullet points. If it

313
00:11:10,235 --> 00:11:12,154
doesn't have that, it's not acceptable, and you

314
00:11:12,154 --> 00:11:14,040
don't get a permit. And that's very different

315
00:11:14,040 --> 00:11:15,559
than what you see in Maryland. It's clearly

316
00:11:15,559 --> 00:11:17,559
different than what you see in Kentucky. So

317
00:11:17,559 --> 00:11:19,320
the ability to have a system that can

318
00:11:19,320 --> 00:11:21,500
morph and meet the demands of each state

319
00:11:21,720 --> 00:11:23,720
is really, really, really important to be able

320
00:11:23,720 --> 00:11:25,660
to offer a quality product.

321
00:11:26,245 --> 00:11:27,925
But when you have something like that, all

322
00:11:27,925 --> 00:11:30,004
of a sudden, you now can begin to

323
00:11:30,004 --> 00:11:31,065
improve the workflow

324
00:11:31,365 --> 00:11:34,325
because I don't in dentistry in general dentistry,

325
00:11:34,325 --> 00:11:35,865
we have hygienist and assistants

326
00:11:36,245 --> 00:11:38,245
and while the large DSOs have figured out

327
00:11:38,245 --> 00:11:40,585
ways to use technology to improve workflow.

328
00:11:41,139 --> 00:11:43,299
For example, I remember working with Heartland, they

329
00:11:43,299 --> 00:11:44,820
used to use headphones, and they use, you

330
00:11:44,820 --> 00:11:46,820
know, headphones to be able to tell when

331
00:11:46,820 --> 00:11:48,339
the hygienist is ready and so forth. They

332
00:11:48,339 --> 00:11:49,720
really improved the efficiency.

333
00:11:50,179 --> 00:11:51,860
Well, we we've done the same thing with

334
00:11:51,860 --> 00:11:54,014
the digital anesthesia record. What one example

335
00:11:54,495 --> 00:11:55,934
is if you bring your daughter to have

336
00:11:55,934 --> 00:11:58,115
her wisdom teeth taken out and she's done,

337
00:11:58,815 --> 00:12:00,254
we have to go ahead and contact you,

338
00:12:00,254 --> 00:12:02,095
the driver, to come pick her up. Right?

339
00:12:02,095 --> 00:12:03,615
Well, the one thing we learned about in

340
00:12:03,615 --> 00:12:04,115
COVID

341
00:12:05,215 --> 00:12:05,955
is that,

342
00:12:06,700 --> 00:12:08,299
people like to wait in their cars, and

343
00:12:08,299 --> 00:12:09,740
they're still waiting in their cars and working

344
00:12:09,740 --> 00:12:10,620
in their cars. You know? So we were

345
00:12:10,620 --> 00:12:11,980
able to put in the text system and

346
00:12:11,980 --> 00:12:14,220
the electronic system that says, when the patient's

347
00:12:14,220 --> 00:12:15,820
ready, you know, please drive around and pick

348
00:12:15,820 --> 00:12:18,139
up pick up the patient. That little event

349
00:12:18,139 --> 00:12:21,120
probably saves our our our staff sometimes 5,000

350
00:12:21,179 --> 00:12:23,684
steps a day. That's not tracing people down.

351
00:12:24,384 --> 00:12:26,325
The other part about that is is the

352
00:12:26,465 --> 00:12:28,144
we have the ability now to keep up

353
00:12:28,144 --> 00:12:31,105
with the DEA compliance rules and regulations because

354
00:12:31,105 --> 00:12:33,024
as a mobile surgeon, we're required to have

355
00:12:33,024 --> 00:12:34,785
a DEA number each one of these locations

356
00:12:34,785 --> 00:12:37,524
where we dispense or we actually administer medications.

357
00:12:37,980 --> 00:12:39,980
If you've got 70 offices, that's a big

358
00:12:39,980 --> 00:12:41,980
task. And to try to do that manually

359
00:12:41,980 --> 00:12:44,399
with an Excel spreadsheet, that that's pretty tough.

360
00:12:44,779 --> 00:12:47,179
So we've we've built technology that allows us

361
00:12:47,179 --> 00:12:48,080
to to support

362
00:12:48,459 --> 00:12:50,539
our DA compliance as we go from, you

363
00:12:50,539 --> 00:12:52,959
know, state to state and location to location.

364
00:12:53,339 --> 00:12:55,735
And probably probably the biggest benefit of of

365
00:12:55,735 --> 00:12:57,894
benefit of of something like that, it allows

366
00:12:57,894 --> 00:12:59,274
us to be able to report,

367
00:13:00,774 --> 00:13:01,274
prospectively,

368
00:13:02,294 --> 00:13:02,954
the current

369
00:13:03,254 --> 00:13:06,375
patient safety aspects of outpatient general anesthesia by

370
00:13:06,375 --> 00:13:07,735
by our group. Because,

371
00:13:08,709 --> 00:13:10,190
having run a surgery center for a number

372
00:13:10,190 --> 00:13:11,429
of years, we always used to have to

373
00:13:11,429 --> 00:13:13,909
report things like the number of patients transferred

374
00:13:13,909 --> 00:13:16,549
to the ER, unexpected admissions, those types of

375
00:13:16,549 --> 00:13:18,309
things. Well, none of that's really reported in

376
00:13:18,309 --> 00:13:20,709
dentistry in any systematic way. Some of the

377
00:13:20,709 --> 00:13:22,230
dental boards will require, if you have an

378
00:13:22,230 --> 00:13:25,154
anesthetic misadventure, that means transport the hospital, you

379
00:13:25,154 --> 00:13:26,595
have to report that to the dental board.

380
00:13:26,595 --> 00:13:28,195
But like I say, it's it's state by

381
00:13:28,195 --> 00:13:29,654
state. It's all over the place.

382
00:13:30,035 --> 00:13:31,795
But one of the challenges that we've had

383
00:13:31,795 --> 00:13:34,295
as an association in the oral surgery world

384
00:13:34,355 --> 00:13:35,795
is how do we how do we how

385
00:13:35,795 --> 00:13:36,695
do we actually,

386
00:13:37,554 --> 00:13:39,700
publish our results of the safety of of

387
00:13:39,700 --> 00:13:42,340
our anesthesia programs. And it's always been handicapped

388
00:13:42,340 --> 00:13:44,420
because we've got a paper record. Now you

389
00:13:44,420 --> 00:13:45,779
have the ability to have this in a

390
00:13:45,779 --> 00:13:47,540
digital format, and you can go as you

391
00:13:47,540 --> 00:13:48,660
go back at the end of the year

392
00:13:48,660 --> 00:13:50,980
and say, okay. We saw 10,000 patients and

393
00:13:50,980 --> 00:13:53,299
10,000 patients. One patient was transferred and no

394
00:13:53,299 --> 00:13:55,805
patients were transferred. Then you can actually compare

395
00:13:55,805 --> 00:13:58,445
that to how well the ambulatory surgery center

396
00:13:58,445 --> 00:14:00,605
business does. And actually, when you look at

397
00:14:00,605 --> 00:14:03,245
the data, the transfer rates out of of

398
00:14:03,245 --> 00:14:05,345
large groups that have this type of record

399
00:14:05,404 --> 00:14:07,165
are 8 times lower than what they are

400
00:14:07,165 --> 00:14:09,024
out of the ambulatory surgery center.

401
00:14:10,710 --> 00:14:12,790
The the second technology piece is kind of

402
00:14:12,790 --> 00:14:13,290
the,

403
00:14:14,149 --> 00:14:15,210
the aspect of

404
00:14:15,669 --> 00:14:16,410
of what's,

405
00:14:17,669 --> 00:14:20,549
how the large DSOs are using electronic health

406
00:14:20,549 --> 00:14:21,049
records

407
00:14:21,350 --> 00:14:23,529
to, to kind of build their platforms.

408
00:14:24,445 --> 00:14:25,725
You know, having been in medicine for a

409
00:14:25,725 --> 00:14:27,164
long time, if you go from one hospital

410
00:14:27,164 --> 00:14:28,524
to another to another, you have to jump

411
00:14:28,605 --> 00:14:30,044
you have to take, you know, 60 hours

412
00:14:30,044 --> 00:14:31,404
of education to learn how to use a

413
00:14:31,404 --> 00:14:33,565
different computer system. I was kinda getting that

414
00:14:33,565 --> 00:14:35,804
way in dentistry except it's not 60 hours.

415
00:14:35,804 --> 00:14:37,245
So if you go from one company to

416
00:14:37,245 --> 00:14:39,029
another, you have to learn the system. So

417
00:14:39,029 --> 00:14:41,190
as these systems have built built up, they're

418
00:14:41,190 --> 00:14:44,549
now building institutional silos associated with that brand

419
00:14:44,549 --> 00:14:45,049
name.

420
00:14:45,589 --> 00:14:48,549
And that that is interesting because what that

421
00:14:48,549 --> 00:14:51,209
has done is it's it's be begun to,

422
00:14:51,429 --> 00:14:54,144
you know, pull together a lot of stragglers.

423
00:14:54,205 --> 00:14:55,644
I mean, the dental industry has always been

424
00:14:55,644 --> 00:14:57,164
very fragmented, but now all of a sudden

425
00:14:57,164 --> 00:14:59,004
you pull it together and you put it

426
00:14:59,004 --> 00:15:00,924
on a Dentrix platform, you put it on

427
00:15:00,924 --> 00:15:02,845
the Epic platform. Now all of a sudden

428
00:15:02,845 --> 00:15:04,799
people can talk. You can relate. It makes

429
00:15:04,799 --> 00:15:07,519
referrals from generalist to specialist a lot easier.

430
00:15:07,519 --> 00:15:09,440
It makes the quality of the patient record

431
00:15:09,440 --> 00:15:11,200
a lot better, but also has a lot

432
00:15:11,200 --> 00:15:12,879
more demands that are put on the provider

433
00:15:12,879 --> 00:15:14,480
and the provider team to be able to

434
00:15:14,480 --> 00:15:15,460
keep up with that.

435
00:15:17,335 --> 00:15:19,914
Yeah. Definitely. Some very great insight there.

436
00:15:20,535 --> 00:15:22,535
Last question here. What will the most effective

437
00:15:22,535 --> 00:15:24,535
health care leaders need to be successful in

438
00:15:24,535 --> 00:15:25,914
the next 2 to 3 years?

439
00:15:28,054 --> 00:15:28,554
Patients.

440
00:15:30,294 --> 00:15:31,335
Yeah. I I think,

441
00:15:31,894 --> 00:15:34,559
the thing that the the younger the next

442
00:15:34,559 --> 00:15:36,559
generation of leaderships got to learn, they have

443
00:15:36,559 --> 00:15:38,799
to digest all these some of these workforce

444
00:15:38,799 --> 00:15:40,799
dynamics that we were talking about. You know,

445
00:15:40,799 --> 00:15:42,639
how how you deal with the workforce that's

446
00:15:42,639 --> 00:15:44,320
very mobile. You know, can you get them

447
00:15:44,320 --> 00:15:46,160
licensed? Can you transfer them? You know, can

448
00:15:46,160 --> 00:15:47,540
you can you do this?

449
00:15:47,920 --> 00:15:49,914
I look at some of the multistate DSOs.

450
00:15:50,054 --> 00:15:52,054
I mean, it's not uncommon. The ones we

451
00:15:52,054 --> 00:15:53,654
work with, we're I'm working in Tennessee. You

452
00:15:53,654 --> 00:15:55,254
know, I go in every morning. I see

453
00:15:55,254 --> 00:15:55,754
somebody.

454
00:15:56,294 --> 00:15:58,054
Hi. My name is Sally, and I just

455
00:15:58,054 --> 00:15:59,654
moved here from Texas. I work for the

456
00:15:59,654 --> 00:16:01,414
same company in Texas. I'm able to move

457
00:16:01,414 --> 00:16:04,259
here. So when you have common informatics into

458
00:16:04,259 --> 00:16:06,340
the training of that that the company had

459
00:16:06,340 --> 00:16:08,340
to do for that particular person, for that

460
00:16:08,340 --> 00:16:11,860
particular location is transferable to another location. Just

461
00:16:11,860 --> 00:16:13,139
kind of think of it like it's almost

462
00:16:13,139 --> 00:16:14,340
like being in the army. You know, you

463
00:16:14,340 --> 00:16:16,365
basically you've you had the knowledge of the

464
00:16:16,365 --> 00:16:16,865
particular,

465
00:16:17,325 --> 00:16:19,165
platform that you're working on. You easily can

466
00:16:19,165 --> 00:16:21,325
transfer. You step in, you're ready to go.

467
00:16:21,325 --> 00:16:23,085
You don't have to be retrained. That's a

468
00:16:23,085 --> 00:16:25,565
big deal. I think also the only thing

469
00:16:25,565 --> 00:16:27,004
that that does, that also when you look

470
00:16:27,004 --> 00:16:28,845
at the growth of these companies, whether they're

471
00:16:28,845 --> 00:16:31,250
doing de novos or whether they're doing acquisitions,

472
00:16:31,710 --> 00:16:34,929
if if I'm if I'm basically acquiring practices

473
00:16:34,990 --> 00:16:37,330
and they're on the same electronic platform design,

474
00:16:37,389 --> 00:16:39,149
it's going to make that merger, that marriage

475
00:16:39,149 --> 00:16:41,009
a lot simpler and a lot easier.

476
00:16:41,549 --> 00:16:43,309
And I think that's that way, it's a

477
00:16:43,309 --> 00:16:44,529
lot easier to

478
00:16:45,345 --> 00:16:47,345
to expand and to kind of prepare yourself

479
00:16:47,345 --> 00:16:49,105
for an acquisition if that's that's what you're

480
00:16:49,184 --> 00:16:50,404
the business are doing.

481
00:16:51,664 --> 00:16:53,024
I think, you know, the the the other

482
00:16:53,024 --> 00:16:54,544
thing you're asking about, what I was excited

483
00:16:54,544 --> 00:16:55,985
about, what I was nervous about. The other

484
00:16:55,985 --> 00:16:57,345
thing I I guess I'm kind of nervous

485
00:16:57,345 --> 00:16:58,705
about is kind of the future of the

486
00:16:58,705 --> 00:17:00,404
solo practitioner of the dentist.

487
00:17:01,710 --> 00:17:02,990
You know, when I went to dental school,

488
00:17:02,990 --> 00:17:04,430
that was kind of the gold standard. That's

489
00:17:04,430 --> 00:17:06,750
what everybody aspired to be because that was

490
00:17:06,750 --> 00:17:08,910
how dentistry is practiced. And I think, you

491
00:17:08,910 --> 00:17:10,910
know, the effective labor cost and the cost

492
00:17:10,910 --> 00:17:12,990
of cost especially the cost of health care

493
00:17:12,990 --> 00:17:14,910
insurance and so forth, it's pretty much made

494
00:17:14,910 --> 00:17:17,285
it nearly impossible for a solo practitioner

495
00:17:18,144 --> 00:17:19,984
to kind of know everything there is to

496
00:17:19,984 --> 00:17:20,484
know

497
00:17:20,865 --> 00:17:22,785
about about the business, about,

498
00:17:23,184 --> 00:17:25,265
about running the organization because it's gotten a

499
00:17:25,265 --> 00:17:27,105
lot more complicated over the over the years

500
00:17:27,105 --> 00:17:28,005
I've been in it.

501
00:17:28,859 --> 00:17:30,460
I think the last thing is kind of

502
00:17:30,460 --> 00:17:30,960
the,

503
00:17:31,740 --> 00:17:33,599
the the leaders are gonna have to understand

504
00:17:33,900 --> 00:17:34,720
how to

505
00:17:35,019 --> 00:17:36,240
build their organizations

506
00:17:36,619 --> 00:17:37,839
to be able to capture,

507
00:17:38,460 --> 00:17:41,900
this this nomadic mobile dental workforce, whether it's

508
00:17:41,900 --> 00:17:44,335
the assistant hygienist or the dentist or the

509
00:17:44,335 --> 00:17:46,815
specialist because everybody seems to be moving around

510
00:17:46,815 --> 00:17:47,555
a lot more.

511
00:17:47,934 --> 00:17:49,535
I just read an article where it it

512
00:17:49,535 --> 00:17:50,434
said that the,

513
00:17:50,734 --> 00:17:53,134
you know, a great number of physicians coming

514
00:17:53,134 --> 00:17:55,214
out are now basically going into,

515
00:17:56,440 --> 00:17:59,080
into locus positions to start out because they're

516
00:17:59,080 --> 00:18:01,000
not sure what they wanna do. Their decision

517
00:18:01,000 --> 00:18:02,440
making I think this is kind of true

518
00:18:02,440 --> 00:18:03,960
of the COVID population too. A lot of

519
00:18:03,960 --> 00:18:05,720
the people that trained in the COVID area,

520
00:18:05,720 --> 00:18:07,720
a little bit indecisive. They may not feel

521
00:18:07,720 --> 00:18:10,275
is is ready for prime time when they

522
00:18:10,275 --> 00:18:11,954
get out as other people, and so they're

523
00:18:11,954 --> 00:18:13,954
looking for mentorship or they're looking for a

524
00:18:13,954 --> 00:18:15,154
way to be able to hook up with

525
00:18:15,154 --> 00:18:16,674
somebody for a short period of time to

526
00:18:16,674 --> 00:18:19,234
prove their skills, increase their confidence before they

527
00:18:19,234 --> 00:18:20,454
go out into the workforce.

528
00:18:21,929 --> 00:18:23,929
Yeah. Definitely. Wanted to go back to a

529
00:18:23,929 --> 00:18:25,710
point that you made earlier about solo,

530
00:18:26,009 --> 00:18:28,169
practice. I know you said that you're nervous

531
00:18:28,169 --> 00:18:29,710
about the future of solo practitioners.

532
00:18:31,049 --> 00:18:32,990
Do you see, in your opinion,

533
00:18:34,304 --> 00:18:36,304
a good amount of dentists still striving for

534
00:18:36,304 --> 00:18:38,224
solo for solo practice, or do you think

535
00:18:38,224 --> 00:18:39,684
that number has kinda gone down?

536
00:18:41,105 --> 00:18:43,424
Yeah. I I think it's I think it's

537
00:18:43,424 --> 00:18:44,244
going down.

538
00:18:44,944 --> 00:18:47,090
I I think it's I've always I've often

539
00:18:47,090 --> 00:18:49,330
said that the the total cash dental practice

540
00:18:49,330 --> 00:18:51,330
is an urban legend. We I think a

541
00:18:51,330 --> 00:18:52,609
lot of people come out of dental school,

542
00:18:52,609 --> 00:18:54,390
and that's what they think they're getting into.

543
00:18:54,450 --> 00:18:55,890
And then they get out into the real

544
00:18:55,890 --> 00:18:58,210
world, and they find that that's really not

545
00:18:58,210 --> 00:18:59,750
how this industry is going.

546
00:19:00,049 --> 00:19:02,505
This industry is so so driven and shaped

547
00:19:03,065 --> 00:19:05,464
by by dental insurance, from the standpoint of

548
00:19:05,464 --> 00:19:07,384
the, you know, the PPOs. And certainly now,

549
00:19:07,384 --> 00:19:09,164
in my career, I've seen a lot more

550
00:19:09,224 --> 00:19:10,825
coverage on the on the government side, you

551
00:19:10,825 --> 00:19:13,224
know, through through Medicare and and Medicaid, of

552
00:19:13,224 --> 00:19:15,509
course. You know? So there's this huge population

553
00:19:15,509 --> 00:19:17,509
of people that that need treatment that are

554
00:19:17,509 --> 00:19:18,549
in those in those,

555
00:19:19,109 --> 00:19:19,769
in those,

556
00:19:20,309 --> 00:19:22,470
payer sectors, and and and somebody has to

557
00:19:22,470 --> 00:19:24,869
be the provider of choice for those particular

558
00:19:24,869 --> 00:19:27,369
people. And if you're a a solo practitioner,

559
00:19:27,750 --> 00:19:28,329
you know,

560
00:19:29,054 --> 00:19:31,554
needing to collect it, you know, a huge

561
00:19:31,615 --> 00:19:33,154
a huge fee for a service,

562
00:19:33,454 --> 00:19:35,054
and that's that fee has to be 3

563
00:19:35,054 --> 00:19:36,734
times what the average is or 4 times

564
00:19:36,734 --> 00:19:39,054
what the meds fee value is, it's it's

565
00:19:39,054 --> 00:19:40,815
it's very difficult to stay alive in that

566
00:19:40,815 --> 00:19:42,575
situation. So, I mean, I think a lot

567
00:19:42,575 --> 00:19:44,452
of people aspire to do it because they

568
00:19:44,452 --> 00:19:46,359
don't like the hassles of dealing with insurance.

569
00:19:46,359 --> 00:19:48,267
But I would say this, it it did

570
00:19:48,267 --> 00:19:50,413
say over the years I mean, when I

571
00:19:50,413 --> 00:19:52,320
when I left academics and I went into

572
00:19:52,320 --> 00:19:54,227
private practice, we we spent a lot of

573
00:19:54,227 --> 00:19:56,135
time kind of sword fighting with insurance companies.

574
00:19:56,135 --> 00:19:58,042
You know? Is it covered? Is it not

575
00:19:58,042 --> 00:19:59,634
covered? Is it medically necessary? Is it not

576
00:19:59,634 --> 00:20:01,714
medically necessary? And all that stuff has kind

577
00:20:01,714 --> 00:20:03,474
of evolved, but it's it's sure taking a

578
00:20:03,474 --> 00:20:04,934
lot longer than I ever thought,

579
00:20:05,394 --> 00:20:07,075
because now if you come in and you

580
00:20:07,075 --> 00:20:08,775
say, I need to have a crown. Okay.

581
00:20:09,075 --> 00:20:10,674
Are you eligible? Well, you can figure that

582
00:20:10,674 --> 00:20:12,515
out electronically before you've been there. You can

583
00:20:12,515 --> 00:20:14,210
figure out in a matter of seconds. Next

584
00:20:14,210 --> 00:20:16,630
question is the code coverage. Yes or no?

585
00:20:16,690 --> 00:20:19,109
Asterisk. Well, it's based on medical necessity.

586
00:20:19,410 --> 00:20:20,930
Well, if you're if you're in business and

587
00:20:20,930 --> 00:20:22,690
you're trying to say, can I deliver this

588
00:20:22,690 --> 00:20:24,930
service? Am I gonna be paid? Well, I

589
00:20:24,930 --> 00:20:27,234
don't know. You know? So that that's a

590
00:20:27,234 --> 00:20:29,575
very, very difficult problem for a sole practitioner.

591
00:20:29,954 --> 00:20:31,394
Now when you scale it up and you

592
00:20:31,394 --> 00:20:33,954
have large databases and you're running across multiple

593
00:20:33,954 --> 00:20:36,275
states and you know how you've profiled all

594
00:20:36,275 --> 00:20:38,115
of these insurances and you understand how they're

595
00:20:38,115 --> 00:20:40,059
gonna behave, all of a sudden that that

596
00:20:40,059 --> 00:20:42,460
task can be greatly aided by AI. But

597
00:20:42,460 --> 00:20:44,220
you can say, well, how about a guardian

598
00:20:44,220 --> 00:20:47,339
person working at Sikorsky Aircraft in Connecticut with

599
00:20:47,500 --> 00:20:49,419
in this plan? What's it gonna be covered?

600
00:20:49,419 --> 00:20:51,704
All that information is now being shared because

601
00:20:51,704 --> 00:20:53,384
the the payers have learned that it takes

602
00:20:53,384 --> 00:20:54,984
too much money to answer the phone, answer

603
00:20:54,984 --> 00:20:57,704
the questions. And even even with bots, it

604
00:20:57,704 --> 00:20:59,544
doesn't seem to make a difference. But if

605
00:20:59,544 --> 00:21:01,304
you go ahead and make it accessible, it

606
00:21:01,304 --> 00:21:03,384
lowers the cost of both ends, and that

607
00:21:03,384 --> 00:21:04,984
I think is gonna be the driving force

608
00:21:04,984 --> 00:21:06,345
going forward. I think by myself, it will

609
00:21:06,345 --> 00:21:07,325
be much more transparent.

610
00:21:08,399 --> 00:21:10,480
But, you know, it it just it takes

611
00:21:10,480 --> 00:21:11,940
a lot longer to get there.

612
00:21:13,119 --> 00:21:15,519
Okay. Yeah. Definitely a great conversation here. So

613
00:21:15,519 --> 00:21:16,960
thank you so much for joining us today,

614
00:21:16,960 --> 00:21:18,419
doctor Carter. It was,

615
00:21:18,720 --> 00:21:20,319
a great pleasure speaking with you, and I

616
00:21:20,319 --> 00:21:21,679
look forward to connecting with you again in

617
00:21:21,679 --> 00:21:22,259
the future.

618
00:21:22,976 --> 00:21:24,816
Okay. Thanks for the opportunity. Have a good

619
00:21:24,816 --> 00:21:25,316
day.