Operatory Empires

Jackson Scheidhauer

Conversations with business-minded people in the dental space.

  1. 1d ago

    030: What You Should Know Before Owning a Dental Practice | Joe Persichetti

    Contact U.S. Bank for your loan here! This episode explores the ins and outs of starting or acquiring a dental practice, with a focus on financing options, macroeconomic trends, and strategic advice for new dentists. Our guest, Joe Persichetti, the head of healthcare banking at US Bank, shares insights on loan qualification, real estate decisions, and the future outlook of the dental industry. About Joe: In July 2023, Joe Persichetti was named head of healthcare business banking at U.S. Bank, overseeing a team that works with small-to-midsized healthcare practices and practice owners. Persichetti has almost 20 years of experience in the healthcare field, previously serving as the head of sales practice finance at Huntington National Bank and holding senior positions at Henry Schein Financial Services and at Bank of America. He lives in Columbus, Ohio, with his wife and four children. Main Topics: How student loan debt impacts financing for new dentistsKey criteria for qualifying for practice startup and acquisition loansThe importance of building a strong advisory team (CPA, attorney, industry-specific consultants)Differences between leasing and owning dental practice real estateTrends in practice ownership, including startups versus acquisitions and quick startsGeographic growth hotspots and underserved communitiesThe changing landscape of DSO versus independent practicesStrategies for practice growth and patient base developmentStudent loans can be a significant factor; federal programs offer income-based repayment options that can help.Practice loans are cash flow-based; longer repayment terms (10-15 years) provide more flexibility.Building a reliable team of industry-aware professionals saves money and sets a solid foundation.Real estate ownership is feasible with 20% down, but consider long-term location stability.Growing regions like Columbus and Austin continue to attract dentists due to population growth and infrastructure investments.Both DSO and independent models can be successful if patient care remains the priority. Email us: operatoryempires@outlook.com

    44 min

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Conversations with business-minded people in the dental space.

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