The last 15 years have seen a drive to consolidate dental practices, with studies predicting that corporate finance-owned groups will dominate the provision of patient care in the next 20 years.
This presentation highlights the drivers of consolidation, together with the effects of corporate ownership upon the dental profession.
Increased regulation, competition, and generous practice valuations encourage an ever-increasing number of dentists to sell to corporate groups. Corporate-owned groups are motivated primarily to make financial gain, often driven by factors irrelevant to dentistry.
Corporate groups change dental management from a professional structure to that of an industrial group. This approach often limits clinical freedom leaving the dentist as a technical labourer and is a threat to the fundamental nature of dentistry.
New ownership models must be developed to compete with these groups and allow dentists to maintain control of patient care and their profession.
Aims and objectives: