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Study Club vs Consultant

Choosing Between A Study Club And A Dental Consultant

Dentists are always looking for new ways to expand their knowledge because dentistry is ever-changing. Whether it’s through study clubs or dental consultants, there are many routes a dentist can take in order to keep up with the latest developments in dentistry. But what is the best option and how do you know which one is right for you?

The Benefits of a Study Club

Dental Study Clubs have several different types of meetings. There are hands-on procedures or technology training sessions. There are lectures in a traditional lecture format. Another meeting type is case presentation to review different treatment plans. 

Members of study clubs enjoy many benefits. One is to get CE locally. Even with the rise of technology-based CE, there is a benefit to going to your local study club and getting real hands-on training. The networking available through a study club is extremely beneficial because as business owners there are few other opportunities to get support from those in the same situation. 

What to Look for in a Dental Consultant

Dental practices’ aren’t just a place to buy something. It is a place to improve the health of patients through superior care cultivated through years of education both pre and post-dental school and experience. One approach to safeguard high-quality, patient-centered care while securing financial success is to create practice management systems. Each office must be unique, necessitating the creation of unique systems. The right consultant can help you implement systems and a message that helps you stand out in the market. 

Practice management systems can improve office flow, case acceptance, and team training to create compliance and consistency. An experienced dental consultant will help you create, implement, and remain accountable to achieve your goals. 

The Drawbacks of Choosing a Study Club over a Dental Consultant

Study clubs are less expensive than a dental consultant and they have more opportunities to get CE locally. However, there are key elements of hiring a dental consultant that will serve a dentist’ at a much higher level. Accountability is one of the largest. Running a dental practice isn’t easy which makes it difficult to stay on track to obtaining the success that is possible. Your mentors and friends within the study club will certainly answer any question you ask but, it is unlikely they will keep you on track. 

Why You Should Choose the Dental Consultant 

Have you ever gone to a seminar or training and you are so excited to implement the great strategies learned, just to get home and have no idea on how to start? That is the benefit of hiring a consultant because they know the strategies and can help customize them to your practice. Additionally, a consultant will help you comprehensively implement the strategies throughout your practice. If you create great strategies and processes but your team isn’t on board, what happens? Not a lot. 

How to Find the Right Dental Consultant  

Hiring the right dental consultant is as valuable as hiring one. When choosing a dental consultant here are some key questions to consider:

  1. How will your system(s) support my unique core values and mission?
  2. How will you help me create the practice numbers necessary to achieve my goals?
  3. What is important to create a team culture that generates the results I want?
  4. How will you create accountability and team ownership of systems?
  5. How will you help me create consistent patient and revenue flow?

These questions will help you at the very least inspire your own questions to hire the right consultant for your practice. 

How do both services compare in cost?

Comparing a study club with a dental consultant is like comparing an online course with one on one training. While their goals often align, a dental consultant will give you a personalized plan and the accountability necessary to succeed. Study clubs cost a few hundred dollars at most and a dental consultant can cost $50,000 or more. 

Which one is better for your dental practice and why

In the dental industry, so many expenses are required to run the business it is easy to be happy at choosing the less expensive solution. However, the higher cost option has a much higher probability of helping you achieve your practice goals. If there are only two options, which is wrong there are more choices (more on that later). Choose the option that will impact your life the very most.

Is there anything else that should be considered before choosing between these two options? 

Yes! One, you can always choose both. However, there are other options. There are webinars, industry conferences, social media groups, or the newest option on the street are masterminds. A mastermind takes the peer support of a dental study and pairs it with the power of a dental consultant. DrillDown helps dentists take control of their business trajectory. The mastermind has experts to teach, and other dentists who support you, and it costs somewhere in the middle between a high-priced dental consultant and a study club. Learn More

Note: The material and contents provided in this article are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information alone. If expert assistance is required, professional advice should be obtained.

Ed Gabriel, CPA is President of DrillDown Solution and a graduate of Brigham Young University. His clients benefit from over 40 years of experience in maximizing profits, minimizing taxes and putting them in the best financial position possible.