Struggling with Dental Practice Finance? This is How You Fix It w/ Mike White

38min | 01/20/2025

Description

Dental practice finance can make or break a practice, yet so many dentists struggle to get it right. We sat down with Mike White, a healthcare finance expert with over 20 years of experience, to figure out why so many dental practices face financial hurdles—and what to do about it. He lays out exactly how to clean up your books, track the right KPIs, and make smarter decisions about everything from overhead to expansion. Dental practice management isn’t just about patient care; it’s about understanding the numbers that drive your success.

We talk about the importance of transitioning to accrual accounting when the time is right, how to calculate EBITDA accurately, and what private equity groups are really looking for in a practice. Leadership, operational efficiency, and managing overhead are all part of the equation, but Mike shows how they tie back to one core goal: running a practice that’s profitable and scalable. With consolidation trends and rising interest rates shaking up the dental world, financial transparency has never been more important.

If you’re serious about taking control of your dental practice finance, this conversation will help you identify where you’re falling short—and what steps to take to fix it. Success in dentistry starts with owning your numbers, and Mike’s insights make it clear where to focus your energy to get the results you want.

Chapters:

(00:00) Dental Practice Finance

(05:45) What KPIs Really Matter in Your Practice

(10:20) When to Transition to Accrual Accounting

(15:12) How Interest Rates Impact Valuations

(20:34) Scaling Smart: Leadership and Growth Strategies

(28:07) Cleaning Up Your Books for Better EBITDA

(35:42) What the Future Holds for Dental Consolidation

Together, we'll reshape the future of dentistry. Visit www.RevolutionDentistryGroup.com to claim the success you actually deserve.

Listen to The Revolution Dentistry Podcast on your favorite podcast platform

Follow The Revolution Dentistry Podcast on Instagram

Leave a review on Spotify

Leave a review on Apple Podcasts

Hosted on Ausha. See ausha.co/privacy-policy for more information.

Chapters

Dental Practice Finance
0sec
What KPIs Really Matter in Your Practice
5min
When to Transition to Accrual Accounting
10min
How Interest Rates Impact Valuations
15min
Scaling Smart: Leadership and Growth Strategies
20min
Cleaning Up Your Books for Better EBITDA
28min
What the Future Holds for Dental Consolidation
35min

About Revolution Dentistry

Here’s the hard truth: Main Street is disappearing. Local banks, pharmacies, small businesses—and yes, even dental practices—are being swallowed up in one of the largest wealth transfers in history.

But there’s hope! Our goal is to help dentists take advantage of the changes happening in the dental industry today and step up to secure their future.

Every week, hosts Dr. Cassidy Reader and Carter Frank share insights on dental practice ownership, dental business growth, financial independence for dentists, and career strategies to protect what you’ve built and ensure long-term success. This is the Revolution Dentistry Podcast, here to help you claim the career and life you deserve.

Leave a review and subscribe now to take control of your future in dentistry.

Visit RevolutionDentistryGroup.com to claim the success you actually deserve.

Follow us:

Instagram: https://www.instagram.com/revolutiondentistry/

Facebook: https://www.facebook.com/profile.php?id=61567632636356&mibextid=LQQJ4d

YouTube: https://www.youtube.com/@RevolutionDentistry

Email: info@revolutiondentistrygroup.com

Together, we'll reshape the future of dentistry.

Hosted on Ausha. See ausha.co/privacy-policy for more information.

About Revolution Dentistry

Here’s the hard truth: Main Street is disappearing. Local banks, pharmacies, small businesses—and yes, even dental practices—are being swallowed up in one of the largest wealth transfers in history.

But there’s hope! Our goal is to help dentists take advantage of the changes happening in the dental industry today and step up to secure their future.

Every week, hosts Dr. Cassidy Reader and Carter Frank share insights on dental practice ownership, dental business growth, financial independence for dentists, and career strategies to protect what you’ve built and ensure long-term success. This is the Revolution Dentistry Podcast, here to help you claim the career and life you deserve.

Leave a review and subscribe now to take control of your future in dentistry.

Visit RevolutionDentistryGroup.com to claim the success you actually deserve.

Follow us:

Instagram: https://www.instagram.com/revolutiondentistry/

Facebook: https://www.facebook.com/profile.php?id=61567632636356&mibextid=LQQJ4d

YouTube: https://www.youtube.com/@RevolutionDentistry

Email: info@revolutiondentistrygroup.com

Together, we'll reshape the future of dentistry.

Hosted on Ausha. See ausha.co/privacy-policy for more information.

Description

Dental practice finance can make or break a practice, yet so many dentists struggle to get it right. We sat down with Mike White, a healthcare finance expert with over 20 years of experience, to figure out why so many dental practices face financial hurdles—and what to do about it. He lays out exactly how to clean up your books, track the right KPIs, and make smarter decisions about everything from overhead to expansion. Dental practice management isn’t just about patient care; it’s about understanding the numbers that drive your success.

We talk about the importance of transitioning to accrual accounting when the time is right, how to calculate EBITDA accurately, and what private equity groups are really looking for in a practice. Leadership, operational efficiency, and managing overhead are all part of the equation, but Mike shows how they tie back to one core goal: running a practice that’s profitable and scalable. With consolidation trends and rising interest rates shaking up the dental world, financial transparency has never been more important.

If you’re serious about taking control of your dental practice finance, this conversation will help you identify where you’re falling short—and what steps to take to fix it. Success in dentistry starts with owning your numbers, and Mike’s insights make it clear where to focus your energy to get the results you want.

Chapters:

(00:00) Dental Practice Finance

(05:45) What KPIs Really Matter in Your Practice

(10:20) When to Transition to Accrual Accounting

(15:12) How Interest Rates Impact Valuations

(20:34) Scaling Smart: Leadership and Growth Strategies

(28:07) Cleaning Up Your Books for Better EBITDA

(35:42) What the Future Holds for Dental Consolidation

Together, we'll reshape the future of dentistry. Visit www.RevolutionDentistryGroup.com to claim the success you actually deserve.

Listen to The Revolution Dentistry Podcast on your favorite podcast platform

Follow The Revolution Dentistry Podcast on Instagram

Leave a review on Spotify

Leave a review on Apple Podcasts

Hosted on Ausha. See ausha.co/privacy-policy for more information.

Chapters

Dental Practice Finance
0sec
What KPIs Really Matter in Your Practice
5min
When to Transition to Accrual Accounting
10min
How Interest Rates Impact Valuations
15min
Scaling Smart: Leadership and Growth Strategies
20min
Cleaning Up Your Books for Better EBITDA
28min
What the Future Holds for Dental Consolidation
35min

About Revolution Dentistry

Here’s the hard truth: Main Street is disappearing. Local banks, pharmacies, small businesses—and yes, even dental practices—are being swallowed up in one of the largest wealth transfers in history.

But there’s hope! Our goal is to help dentists take advantage of the changes happening in the dental industry today and step up to secure their future.

Every week, hosts Dr. Cassidy Reader and Carter Frank share insights on dental practice ownership, dental business growth, financial independence for dentists, and career strategies to protect what you’ve built and ensure long-term success. This is the Revolution Dentistry Podcast, here to help you claim the career and life you deserve.

Leave a review and subscribe now to take control of your future in dentistry.

Visit RevolutionDentistryGroup.com to claim the success you actually deserve.

Follow us:

Instagram: https://www.instagram.com/revolutiondentistry/

Facebook: https://www.facebook.com/profile.php?id=61567632636356&mibextid=LQQJ4d

YouTube: https://www.youtube.com/@RevolutionDentistry

Email: info@revolutiondentistrygroup.com

Together, we'll reshape the future of dentistry.

Hosted on Ausha. See ausha.co/privacy-policy for more information.

About Revolution Dentistry

Here’s the hard truth: Main Street is disappearing. Local banks, pharmacies, small businesses—and yes, even dental practices—are being swallowed up in one of the largest wealth transfers in history.

But there’s hope! Our goal is to help dentists take advantage of the changes happening in the dental industry today and step up to secure their future.

Every week, hosts Dr. Cassidy Reader and Carter Frank share insights on dental practice ownership, dental business growth, financial independence for dentists, and career strategies to protect what you’ve built and ensure long-term success. This is the Revolution Dentistry Podcast, here to help you claim the career and life you deserve.

Leave a review and subscribe now to take control of your future in dentistry.

Visit RevolutionDentistryGroup.com to claim the success you actually deserve.

Follow us:

Instagram: https://www.instagram.com/revolutiondentistry/

Facebook: https://www.facebook.com/profile.php?id=61567632636356&mibextid=LQQJ4d

YouTube: https://www.youtube.com/@RevolutionDentistry

Email: info@revolutiondentistrygroup.com

Together, we'll reshape the future of dentistry.

Hosted on Ausha. See ausha.co/privacy-policy for more information.

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