5
shifts that may affect
2015 in a big way
Expect to see the growth of group practices, PPOs, more educated
patients and more dental-medical collaborations in the new
year. And yes, as usual, technology advances also will be big.
[
by Stan Goff, Editor in Chief
]
December 2014
|
DENTAL
PRODUCTS
REPORT.COM
|
65
These industry-shifting trends started to take root this
year and should carry over and bring even more changes
to the dental world in 2015.
TOP INDUSTRY
TRENDS
TRENDS
5
LAST YEAR AT THIS TIME,
we talked about some key
trends heading into 2014, and many of those same
trends will continue to play a big role in the dental
industry in 2015 and beyond. In that December 2013
issue of Dental Products Report, we talked about
things like the development in dental materials, the
growth in usage of tablets, prevention of dental dis-
eases, the evolution of dental CAD/CAM technolo-
gies and new revenue streams.
Those f ve topics were indeed trending this past year
and we expect them to continue trending. Because of
this, you can expect plenty more coverage on each of
them in the pages of DPR in 2015 as well as on dental-
productsreport.com and in our family of e-newsletters.
But now it’s time to take a peek ahead, to look brief y
at f ve industry-shifting trends whose seeds have been
planted and that we anticipate will grow into topics
that you can not afford to ignore in the new year. So
here you’ll read a little about these f ve new trends: The
growth of the group practice, the inf uence of PPOs,
medical-dental collaborations (including EHR), “More
technology, more options” including Google Glass,
and the more educated patient. You can not only plan
to learn more on each of these topics in 2015, but you
can currently f nd detailed articles and information
on these trends online at dentalproductsreport.com,
practicemanagement.dentalproductsreport.com
and
dentalproductsreport.com/hygiene
.
RASICA / THINKSTOCK
ES534325_dpr1214_065.pgs 11.24.2014 21:40 ADV
black
yellow
magenta
cyan
66
|
DENTAL
PRODUCTS
REPORT.COM
|
December 2014
Growth of the group practice
For some clinicians, the thought of
being part of a group practice may
not seem ideal ... and it may not be
ideal for everyone. But group prac-
tices are growing and the days of
solo practices being the model for the
large majority of dental practices are
slipping away. There are a number
of reasons why consolidation and
acquisition are indeed the future of
dentistry and something to keep an
eye on as we head into 2015.
Dr. Marc B. Cooper, a dentist and
a practice management consultant,
offers up the following reasons why
he believes the shift will continue:
• Dentistry always follows
medicine—always.
• Costs continue to go up.
• Third parties will continue to
exert downward pressure.
• The dental industry is severely
fragmented, with 86 percent of the
dentists practicing solo.
• Dentistry as an industry is
recession-resistant, growing at an
annualized rate of over f ve percent.
Dental school debt can be as high as
$250,000 or more.
“For the last 100 years, [dentistry]
has been performed in small solo
practices, maybe [with] one partner.
That was suff cient in the system or
the context that it was in,” Dr. Coo-
per said recently in an interview with
DPR. “But the context has changed,
and context is decisive. With the con-
text changed, the system has changed.
Solo or small partner practice will no
longer have the viability it did in the
old context. In the old days, any den-
tist could just put up a sign and they
were in business. Not anymore.”
The inf uence of PPOs
Fee-for-service (FFS) dentistry and
the inf uence of PPOs will continue
to be a hot topic in dentistry.
On the Dental Practice Manage-
ment website (practicemanagement.
dentalproductsreport.com), you’ll
f nd plenty of information on this
topic, including comments from con-
sultant and dental insurance expert
Teresa Duncan, who had this to say:
“While FFS will always have a
place in off ces, we cannot deny the
trend of PPO coverage and how it is
affecting our practices. I’ve spoken
to a good number of dentists who
are adamant about staying off insur-
ance lists. However, this is not the
majority of practicing dentists. Plan
recruiters in many areas routinely
deny fee schedule negotiations and
let providers who threaten to leave
a PPO walk. This only happens in
a PPO-dominated environment.
Patients will vote with their wal-
lets … this is American consumer
behavior. What will separate suc-
cessful off ces is the ability to provide
quality service and a great patient
experience. High-quality dentistry
and PPOs are not mutually exclusive.
Plenty of practices have found the
formula for prof tability and partici-
pation. Half the battle is accepting
that your business model must shift
to accommodate industry changes.”
This trend will def nitely be worth
keeping a close eye on in 2015.
Medical-dental collaborations
(including EHR)
Expect to see the dental industry
and the medical industry to continue
working together and sharing things
that will help both sides as well as
their patients. In fact, in November,
the third annual D. Walter Cohen,
DDS, Integration of Dental and
Medical Conference took place
(dentalmedica lconference.com).
This three-day conference addressed
the benef ts of collaboration between
physicians, dentists and other allied
health professionals, promoting a
holistic, integrated approach to car-
ing for patients. Additionally, things
that have long been critical in the
medical f eld like EHR and HIPAA,
will continue to have larger impacts
in dentistry. In 2014, we provided
expanded coverage on these topics
and will continue to do so in 2015.
“More technology, more
options” / Google Glass
No future trend can ignore evolving
technology, and we expect to see
CAD/CAM technology continue to
boom in 2015 and the numbers of
dental professionals using tablets
will surely grow. But exciting new
technologies will give you more
options as you look to improve your
eff ciency and patient care.
The idea of Google Glass helping
dentists may just take off and change
the way a lot of clinicians practice.
When the concept of Google Glass
was f rst announced, it didn’t take
long for dental professionals (and
our own technology editor, Dr. John
Flucke) to wonder how the invention
would impact dentistry. A group of
dental students from the University
of Michigan appears to have taken
a big leap toward answering that
question.
After watching their YouTube
video detailing their usage of Google
Glass loupes, DPR’s Group Edito-
rial Director Kevin Henry had the
chance to sit down and talk with
Kevin Kuo, one of the inventors. Kuo
joins fellow Wolverines Mikhail
Garibov, Shalini Kamodia and Dan-
iel Hammaker to form Dentyzion,
a company that they describe as “a
unique dental consulting company.”
Kuo told us, “For (Google Glass) to
be truly useful in the practice, it has
to work with the systems already in
place and that is something we are
working toward.”
The more educated patient
Pretty much everyone uses the Inter-
net for a variety of things that just a
few years ago seemed unimaginable.
Patients search the Internet for infor-
mation about their health and for
clinicians, and even to shop for value
when choosing doctors, dentists and
treatments. Additionally, ratings
sites not only seem to be everywhere,
but some of them are very powerful.
So you need to make sure to moni-
tor your social media presence and
develop methods to get that good
word-of-mouth out on your practice.
There are a number of companies
and consultants currently available
that can help ensure you are getting
your message out to the more-edu-
cated patient, and to make sure you
aren’t hurt badly if a patient were to
post a negative review or two.
We will make sure to stay on top
of this and these other hot trends
as we head off into what should
be another great year in the dental
industry.
“
What will sepa-
rate successful
off ces is
the ability
to provide quality
service
and a great
patient experience.
—TERESA DUNCAN
Sesame Communications + Healthgrades This strategic partnership is designed
to let dental practitioners access millions of prospective patients seeking dental services.
It is key for today’s practices to stay in touch with a more educated patient base.
TOP INDUSTRY
TRENDS
ES534326_dpr1214_066.pgs 11.24.2014 21:40 ADV
black
yellow
magenta
cyan