Brian Beaulieu.
In this episode of The DrBicuspid.com Podcast, recorded live at the Dental Trade Alliance meeting in Austin, TX, and sponsored by GC America, Kevin Henry, Joe Talanges, president and chief operating officer of GC America, and Brian Beaulieu, CEO of ITR Economics, discuss the current economic landscape of the dental industry, focusing on the concept of "profitless prosperity" and the challenges dentists face in maintaining profitability amid rising costs.
Additionally, they explore strategic planning for dentists, the importance of adapting to economic changes, and the impact of demographic shifts on community health and dental practices.
The conversation emphasizes the need for dentists to prepare for rising staff wages, utility costs, and the importance of patient engagement to ensure long-term success in their practices.
Editor's note: Want to know more about what trends may be happening as we head into 2026? Join DrBicuspid.com Editor-in-Chief Kevin Henry and dental insurance expert Teresa Duncan for a free webinar on Wednesday, December 17, at 7 p.m. Eastern Daylight Time. Learn more and register here.
Podcast takeaways
- The concept of "profitless prosperity" is a concern for the dental industry.
- Dentists must adapt to rising labor and utility costs.
- Strategic planning is essential for long-term success.
- Understanding market demographics is crucial for growth.
- Engaging patients is key to increasing dental visits.
- Rising costs can impact practice profitability.
- Economic diversification is important for dental practices.
- Smart negotiation is vital when buying a practice.
- Demographic shifts will affect the dental market.
- Community health disparities need to be addressed.
