State of Dentistry in 2024

Bulletproof Dental Practice

The Bulletproof Dental Podcast Episode 345

HOSTS: Dr. Peter Boulden and Dr. Craig Spodak GUESTS: Dr. Trey Tippit and Dr. Dwight Peccora DESCRIPTION In this episode, our Fearsome Four is back in full force as we discuss the state of dentistry in 2024 based on data from Dental Intel. We explore topics such as the stability of practices, the impact of inflation on the industry, and the increase in cancellations and no-shows. We emphasize the importance of tracking key performance indicators (KPIs) and implementing strategies to improve patient engagement and reduce no-shows. We also highlight the need for dentists to focus on their mental and emotional well-being to navigate the challenges of running a dental practice. TAKEAWAYS

• The state of dentistry in 2024 shows a stratification, with top performers doing better than ever and bottom performers struggling.
• The average practice is experiencing more cancellations and no-shows than ever before, which can be attributed to factors such as lack of patient engagement strategies and deprioritized hygiene programs.
• Hygiene reappointment percentage is a crucial metric that indicates the stability of a practice and its future success.
• Mitigating no-shows can be challenging, but implementing systems such as confirmations, scheduling goals, and charging fees for missed appointments can help reduce their impact.
• Dentists should focus on their mental and emotional well-being to navigate the challenges of running a dental practice and maintain stability in their business. Accountability is crucial in dental practices to ensure that protocols are followed consistently.
• Creating scarcity in appointment scheduling can increase patient compliance and reduce no-shows.
• AI technology has the potential to streamline dental workflows and improve diagnostic capabilities.
• The upcoming summit is an opportunity to learn about the latest advancements in dentistry.

CHAPTERS 00:00 - Introduction and Reunion 09:03 - Hygiene Reappointment Percentage 15:03 - Mitigating No-Shows and Improving Patient Engagement 35:49 - The Value of Scarcity in Scheduling 42:28 - The Role of AI in Dentistry REFERENCES Bulletproof Summit 2024 Dental Intel