In this episode of the Dental Practice Launch Podcast, Shane Simmons discusses the recent ADA report highlighting significant trends in the dental industry, particularly the increasing number of dentists opting out of insurance networks. He explores the implications of these trends on practice growth, patient acquisition, and the importance of building patient loyalty through effective marketing strategies. The conversation emphasizes the changing landscape of dentistry and the need for practices to adapt to remain competitive.
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Takeaways:
- Nearly one in three dentists went out of network with insurance in 2025.
- A significant percentage of dentists plan to drop insurance networks in 2026.
- The cost of doing business in dentistry is rising, impacting insurance reimbursements.
- Practices need to focus on patient experience to build loyalty.
- Accepting new patients is crucial, but scheduling challenges exist.
- The average wait time for new patients is over 13 business days.
- Strategic marketing is essential for attracting patients beyond insurance networks.
- Investment in marketing can lead to long-term patient relationships.
- The dental landscape is evolving, requiring practices to adapt quickly.
- Building a strong brand can help practices thrive without relying on insurance.