Group Practice Accelerator

We always talk about different methodologies for Partnerships as it relates to buy-ins versus earn-ins, but there's A LOT that needs o be discussed before we ever even get to that point. In today's episode I give you a series of questions and thought processes to consider and use with your prospective Associate long before you bring them into the ownership of your business.

Join us as we delve into the success story and remarkable growth of iSmile Orthodontics. We are joined by Founder Dr. Steve Giannoutsos and his COO, Geovane Lemond to discuss how they navigated challenges, including the impact of COVID-19, to achieve a 26% revenue increase, add three new offices, and acquire eight more. Hear firsthand how expert guidance reshaped their strategy, empowered their team, and positioned them for sustained success in orthodontic care and community service.

We're all working very hard to build great businesses that create great revenue and even greater cash flow, but have you ever slowed down to really think about how sustainable it is? The long-term viability of a business comes down to generating revenue and profitability, and then the ability to defend your position. Tune in to learn more about the concept of "defensibility" and what it means for you and your business!

We talk a ton about exit planning and M&A multiples, but it's always around selling the majority of your business. Well, what if you're not ready to give up operational control? What if you're simply looking for a way to take some chips off the table and put some cash in the bank? What if you have more than 10 years to go and you feel like there's still a ton of upside to your business?! Welcome to the thought process behind a minority investment. Tune in to hear my conversation with Dr. David Phelps from his Freedom Founders Podcast as we dig into this alternative exit strategy!

It is mission critical to establish the role of Chief Clinical Officer early on in an emerging group for reasons surrounding clinical philosophy, clinical systems, skill development and quality assurance. Yet this is seemingly the most challenging role for many Founders to define. Dr. Andrew Matta literally wrote the clinical playbook as Co-Founder of the North American Dental Group, so I had him share his wisdom and experience with our Ascendant Executive class. His session was so good that I decided to share the audio with you! And if you want to become a more confident business leader of your emerging group practice, join us for our Q3 session of the Ascendant Executive program: https://polarishealthcarepartners.com/ascendant-executive/

It is mission critical to establish the role of Chief Clinical Officer early on in an emerging group for reasons surrounding clinical philosophy, clinical systems, skill development, and quality assurance. Yet this is seemingly the most challenging role for many Founders to define. Dr. Andrew Matta literally wrote the clinical playbook as Co-Founder of the North American Dental Group, so I had him share his wisdom and experience with our Ascendant Executive class. His session was so good that I decided to share the audio with you! And if you want to become a more confident business leader of your emerging group practice, join us for our Q3 session of the Ascendant Executive program: https://polarishealthcarepartners.com/ascendant-executive/

WOW! Sometimes you're given a gift of industry research and we've got TWO of them on the same day. I share some further insights into a report from PitchBook as well as an article from Becker's that validates the entire "Operator versus Aggregator" approach to the last 2+ years. Interested in digging into how we can help your group improve for exit? Let's talk: https://meetings.hubspot.com/perrin3

Judging from all of the feedback and website activity, many of you LOVED the Case Study we released on our work with Pelican Landing. I bring our Fractional COO, Adin Bradley back behind the mic to give some further explanation to the work he has done with Drs. Rich and Lacy Gilbert. If you missed the case study, you can find it here: https://polarishealthcarepartners.com/case-study/pelican-landing-dental-soars-to-new-heights-with-polaris-fractional-coo-support/

And if you'd like to book an exploratory call with Adin to see if a Fractional COO engagement is the right "next step" for your business, you can do so here: https://polarishealthcarepartners.com/contact-us/

The recent FTC ruling on Non-Compete Agreements has everyone up in arms - and justifiably so. No one knows where the final outcome will land, or when, but our world will be different. So, I share some guidance around what you need to be doing now to prepare for what's to come.

And THANKS to everyone for all of the feedback on last week's "Imposter Syndrome" episode. If you want to learn more about the Ascendant Executive program and how our Q3 subject matter will prepare you for the FTC Ruling outcome, then register here and join us in July: https://polarishealthcarepartners.com/ascendant-executive/

Every evolving entrepreneur goes through periods of complexity and doubt, but some get stopped in their tracks by their own limiting beliefs. Imposter Syndrome is well-known in entrepreneurial circles, so I share my own journey and give you multiple ways to think through your own doubts. And if you are interested in pushing through your own next phase of growth, then consider joining me and our group for the 3rd Quarter session of the Ascendant Executive. Details here: https://polarishealthcarepartners.com/ascendant-executive/