| Home |
| Cover Story |
| Features |
| Spotlights |
| Columns |
| Health Solutions |
| Dental |
| Home Care |
| Hospice Care |
| Hospitals |
| Hospital Systems |
| Long Term Care |
| Rehabilitation |
| Physician Group |
| Specialized Hosp. |
| University Hosp. |
| Pacific Dental Services: The Perfect Smile |
| Dental | |
| Written by Eric Slack | |
| Tuesday, 01 January 2008 | |
![]() Stephen Thorne’s company provides management, administration, and IT services to its affiliates so they can focus on being dentists.
Running a dental practice involves more than cleaning teeth and filling cavities. Recruiting and hiring associate dentists, tracking down patient information, and managing the office are just a few of the aspects of owning a practice some dentists may not be prepared for. According to Stephen Thorne, president and founder of Pacific Dental Services, his company can fill in the gaps. ![]() Stephen Thorne, President and Founder Pacific Dental Services started in 1994 with a shared equity model. Today, PDS is affiliated with more than 140 dental practices in California, Arizona, and Nevada. Thorne believes his company’s business model of partnering with local dentists as owner-doctors allowed PDS to grow as individual doctors solidified their practices. The results are hard to ignore. In 2006, a PDS owner-doctor earned almost twice the national average income for dentists. If you build it… The PDS method begins with the development of the office site. Thorne’s team works the real estate markets years in advance because location is critical to the long-term success of a practice. “We are working on 2009, 2010 deals now to ensure we get the best locations. With our buying power and balance sheet, we can get great locations, and we plan well in advance,” said Thorne. PDS also put years into developing office infrastructure, using input from dentists to create an office environment designed to maximize efficiency. From an IT point of view, PDS strives to be ahead of its competitors. Most patients register online with its practices before their first visit. All the practices use digital X-rays, saving time for both doctor and staff. Dentists also have unlimited access to patient information through their computer system, and most PDS practices use paperless digital charts. “Most dentists couldn’t efficiently take care of all of these things on their own. We help with accounting, payroll, marketing, legal services, and we recruit all their specialists for them. That allows them to not worry about those things and focus on how they practice dentistry,” Thorne said. Moreover, Thorne believes the model PDS has created can be readily duplicated. The company’s goal is to add 30 affiliated offices per year in its existing markets and open in a new market every two years. Thorne mentioned Colorado, Texas, and Florida as expansion markets PDS is currently exploring. Thorne used the example of a dentist recently affiliated with PDS. Together with a second dentist, the company purchased the practice and converted the entire office infrastructure and computer systems to the PDS platform in about four hours. This eased the growing pains usually associated with business expansions by reducing the amount of time it takes to get back to work. And the model has already proven it can work whether PDS is expanding in one of its current markets or into a new market. …They will come PDS invests heavily in finding dentists to join the company as owner-doctors and as practice associates, and networking is one of the ways it has grown. Within its current markets, associate dentists working for owner-doctors often want to become an owner-doctor. And though the company has not yet added affiliates in Colorado, it has been in the state for almost two years laying the foundation. By speaking at dental schools and using connections with vendors and familiar dentists who have moved into the area, PDS creates a favorable impression of its method before it sets up shop. The result is an established brand that has dentists looking for information.
|
|
| < Previous Story |
|---|