86% of graduating dental students report that they want to own a private practice within ten years of graduation. And 51% hope to do so in just five years, according to ADA data.
COVID-19 didn't really change these numbers. But COVID did decrease the amount of hands-on clinical time available to these graduating students.
That means that many newer dentists want hands-on mentorship to help them polish their skills while they build speed — and learn how to run a successful practice.
Meanwhile, many owners gained some perspective during the pandemic. A forced break made some realize that they are just about finished with clinical work. Many would rather spend more time with family or pursuing other interests. However, they want to ensure their patients are cared for.
Based on research and many, many conversations with these groups, we developed the Mentorship-to-Ownership transition path.
Last week, our Dr. Suzanne Ebert, VP of Dental Practice & Relationships, discussed how this path works, who it’s designed for, and how to get started. Watch the on-demand replay below. You will learn:
- How incoming dentists can gain the mentorship they need
- How would-be sellers can ensure their patients are well cared for
- What types of person and practice are ideal for this path
- Tips to build a great mentorship relationship
- How to get started
Sound like a perfect fit? Create your free ADA Practice Transitions profile now, or learn more about the program below.