{"id":12905,"date":"2024-08-27T16:28:25","date_gmt":"2024-08-27T23:28:25","guid":{"rendered":"https:\/\/www.planetdds.com\/?p=11509"},"modified":"2024-08-27T16:28:25","modified_gmt":"2024-08-27T23:28:25","slug":"how-dsos-are-solving-the-dental-staffing-shortage","status":"publish","type":"post","link":"https:\/\/www.planetdds.com\/blog\/how-dsos-are-solving-the-dental-staffing-shortage\/","title":{"rendered":"How DSOs Are Solving the Dental Staffing Shortage\u00a0"},"content":{"rendered":"

This article was written by the Planet DDS staff and originally published on DrBicuspid.com<\/a>. This is the fourth article of a five-part series with DSO leaders at the Dykema<\/a> Conference in 2024.\u00a0<\/em><\/span><\/p>\n

Higher pay, career advancement, and a better work environment have been the three biggest drivers of dentist and team member turnover and staffing shortages<\/a> in 2024. <\/span>\u00a0<\/span><\/p>\n

Dental leaders at this summer\u2019s Dykema DSO conference share how employee expectations, combined with marketplace pressures, have led dental service organizations (DSOs) to adjust salaries, benefits, and perspectives to reduce staffing shortages.<\/span>\u00a0<\/span><\/p>\n

Turnover at DSOs<\/span><\/b> and Staffing Changes<\/span><\/h2>\n

Staffing changes have occurred at every level, including the top executives.<\/span><\/p>\n

\u201cStarting in January 2023, we saw a lot of restructuring and layoffs from some of the larger dental groups,\u201d said Jon Fidler<\/a>, CEO of Fidler & Associates, an executive search firm.\u00a0<\/span>\u00a0<\/span><\/p>\n

\u201cUp until 2023, money was flowing well for the acquisition side due to favorable interest rates, doctors looking to transition, and more practices joining DSOs. In 2023, the rates skyrocketed, financing was tougher to get, and sellers became more timid because the multiples were lower.\u00a0<\/span>\u00a0<\/span><\/p>\n

\u201cDental groups that had primarily grown through M&A<\/a> [mergers and acquisitions] had to shift and show same-store growth instead, which can take a different skill set. That led to leadership changes at a lot of companies. I think the bulk of layoffs have happened, but some groups are still tightening up,\u201d said Fidler.<\/span>\u00a0<\/span><\/p>\n

Who\u2019s Looking to Change Dental Jobs<\/span><\/b>\u00a0<\/span><\/h2>\n

The number of dentists and team members looking for new jobs in 2024 is staggering.<\/span>\u00a0<\/span><\/p>\n

\u201cAccording to <\/span>Dentalpost\u2019s annual salary survey<\/span><\/a>, 57% of dentists polled said they were looking for a new job before the end of 2024,\u201d said Heidi Arndt, founder of Evolve Dental Advisors<\/a>. <\/span>\u00a0<\/span><\/p>\n

The survey also reported:\u00a0<\/span>\u00a0<\/span><\/p>\n