Corporate America in Dentistry
By Ken Rubin, CPA, PFS
We all know that dentists dont learn much about how to operate a business in dental school (with rare exception). As a result, dentists realize this means they will probably be making some business mistakes and will not be operating their businesses as profitably as possible. What most traditional family-owned dental practice owners dont realize is a very severe long-term resulting consequence presently taking place in the dental profession. Traditionally dentists have enjoyed being self-employed without having any real business training. In the future, more and more dentists will be relegated to using their technical dental skills as technicians working as employees in someone elses business. The vast majority of dentists are completely unaware of the magnitude of this issue on the profession. There are three main factors, which will make it become more and more difficult to successfully compete as a self-employed dentist in the future.
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Ken Rubin has been helping dentists since 1984. He owns and operates both Ken Rubin & Company, Dental CPAs and Ken Rubin Dental Practice Sales. He is a frequent author, lecturer and the co-founder of the Academy of Dental CPAs (“ADCPA”). He can be reached at (619) 299-6161. Websites are www.CaliforniaDentalCPAs.com andwww.krpracticesales.com.