According to the Journal of the American Dental Association, the Great Recession had a significant effect on the dental industry. Dentists had to streamline businesses to run more efficient operations — or close permanently. Patients paid less out-of-pocket and fewer sought appointments. Elective surgeries also decreased, as did reimbursement plans.
But not every dental practice struggled. This article features one dentist who guided his practice through the turbulent economic volatility, increasing new patients, repeat visits, and referrals. Read more insights from this “dental entrepreneur” who said his strategies — as well as seeing guidance from mentors in other industries — helped him survive the economic slowdown and prepare for an uncertain future.