The founders of Polaris Healthcare Partners share education, tactics, and strategies to help you launch and scale your group healthcare practice. We bring decades of experience in working with hundreds of clients to help you accelerate your learning curve while minimizing your chances for mistakes. Learn more at https://www.polarishealthcarepartners.com
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Are You Building a Business That's Built to Last?
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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…
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Exit Strategy with a Minority Investor? A New Wrinkle in the World of M&A...
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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 …
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The Role of Chief Clinical Officer with Dr. Andrew Matta (part 2)
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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…
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The Role of Chief Clinical Officer with Dr. Andrew Matta (Part 1)
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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-Founde…
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Is Dental M&A Really Like "Pulling Teeth?!"
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23:51
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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…
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A Deeper Dive into the Pelican Landing Case Study with Adin Bradley
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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://polar…
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Competitive Strategy on the FTC Non-Compete Ruling
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27:36
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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 …
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Is This the Most Debilitating Disease for Entrepreneurs?!
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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 ph…
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Insights on the FTC Ruling on Non-Compete Agreements with Bart Walker
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The recent FTC Ruling on non-competes touched off a powder keg of activity in the legal world that has left businesses of all sorts scrambling. Bart Walker, Partner at McGuireWoods, joins us to dive into what the ruling says and what might happen in the coming months. And we take a dive into how you should be compartmentalizing your time to "protec…
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Enterprise-level Perspective on M&A with Bart Walker of McGuireWoods
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"M&A Activity" is always a topic that's in high demand from our audience, but we don't often the get the Buy-Side perspective. Bart Walker, Partner at McGuireWoods lives in that world, so he joins me to dive into everything from trends to prognostications for where we find ourselves. And I take a deep dive into a "Thinking Tool" I use often called …
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The Most Overlooked Leadership "SuperPower"
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28:16
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In today's episode, I dig deep into one specific skill that nobody really considers, but one that usually adds up into viable financial results. I also share a quote from Jack Welch, legendary Chairman and CEO of GE, that distills the essence of what made him such an effective leader. And if you're looking to become a more effective leader for the …
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We're starting to notice 3 positive trends that bode very well for the balance of 2024 and into 2025, and they'll impact you regardless of whether you're intending to exit or intending to grow. Tune in for the details!
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M&A Market Update and Process Details with Kyle Webster
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One of our longest tenured employees, Kyle Webster, joins me on the show today to dive deeper into M&A markets as well as the details of due diligence - our side as well as the buy-side! Kyle is a new voice to many of you, but you'll immediately hear why he's such a valuable resource to our clients.
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Sell-Side Due Diligence to Find the Right Partner
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By now you've all heard about the lengthy due diligence processes of many buyers due to the tightening credit markets and less margin for error. Have you ever thought about the same due diligence from a seller perspective? If you're contemplating going to market, you should! I bring Diwakar behind the mic once again to share some insights into how …
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There are a lot of people in our audience who are either thinking about creating a group practice or they are very early on in the process. Here's a hint: sometimes creating success is simply avoiding failure early on. I know that's overly simplistic, but it's totally true. On today's episode I break down several key factors critical to success in …
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A Primer on the Current State of Capital Markets
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Why are we getting so much interest in debt restructuring and credit facilities when lending rates are so high?! Diwakar joins me on the show today to dive deep into his prognostication for where rates will be as well as how you should be proactively thinking about your current relationship through the next phase of growth of your business.…
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How to Maximize the Value in Your Banking Relationship
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The current state of borrowing can be arduous if you're trying to access capital, so maintaining a healthy relationship with your current bank is mission critical. Diwakar joins me on the show today to share some stories and insights into some current client challenges - and how you can avoid them yourself. Looking to learn more ways to effectively…
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Has "the Bubble Burst" in the M&A markets?! Well, judging from some of your reactions to our recent article in Dental Economics, we may need to share some further insights. What about the business and the industry fundamentals? How did we get "here?" And what about how we should think about the future? Tune in!…
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What Makes a Great Associate - YOU or Them?
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27:24
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Many of you recruit based on need and far too many "hope and pray" that you can hold onto your best Associates, but have you really ever stopped to think about what makes them great in the first place? Is it all them...or maybe you do a lot to influence their success. I reference a recent client visit as well as some discussions we're having in the…
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Trends, Insights and Prognostications from Group Dentistry Now's Interview with Perrin
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56:58
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I recently appeared on the Group Dentistry Now podcast hosted by Bill Neumann. We covered a LOT of ground together and hit almost every aspect of the industry. Bill was nice enough to share the audio file, so for those who didn't hear it, here it is. And for those who did, you know it's worth a second listen. Enjoy!…
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Inflection Points for the Established Group Practice (part 2)
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In last week's episode, I discussed the concept of inflection points for a solo or emerging group practice. The considerations are different for groups of 5 of more locations. The complexity is greater and the investment is usually much more substantial, but the payoff can be significant. How would you proactively plan for a plateau in your busines…
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Inflection Points for the Solo and Emerging Group Practice
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Every business hits a stage where revenue stalls, so how should we think about that phase? And what should we do to influence the next phase of growth? These are called "inflection points" and there's certainly a way to plan for them and hopefully positively influence what happens as you move through them. I share some strategic planning guidance t…
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Part 2: Mindset Shift in Building a Group Practice - Competitive Strategy
22:56
22:56
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Part Two is here! Over the last 4 to 6 months, I've spoken with a growing number of people who are building group practices and are NOT interested in selling them. Why is this happening? It's centers around competitive strategy. Tune in to hear the answers!
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Part 1: Mindset Shift in Building a Group Practice - Competitive Advantage
23:51
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Over the last 4 to 6 months, I've spoken with a growing number of people who are building group practices and are NOT interested in selling them. Why is this happening? It's centers around competitive advantage. Tune in to hear the answers!
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I'm constantly asked the question, "Well, if you're so smart, what would you build?!" My natural answer is, "it depends" - but that would make for a terrible podcast episode! OK, if you must know what I would want to build if i were a mid-career healthcare provider, then tune in for your answer.
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Fractional COO - Creating Change and Making an Impact
35:55
35:55
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Is your "home grown" operations team comprised of the "right people in the right seats?" Do you have the right leadership in place to see your business through this next phase of growth? "COO" is the first true leadership role that every growing group practice anoints, yet it's also the one that is frequently over-promoted. Tune in for this in dept…
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Areas to Focus on from Strategic Consulting
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Our Executive Consultant, Adin Bradley, joins me on the show today to dig into the common areas of focus where we see our clients struggle and where you can make the most impact. We cover everything from KPIs to doctor development to leadership to same store sales. Got a question about your own business? You can reach Adin directly at Adin@PolarisH…
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What's the outlook for the M&A Markets in 2024? What about Banking and Lending for growth? How about Build & Operate? Accelerate 2024 in San Juan?! Catalyst and Ascendant Executive?! All in one episode? Let's "Bring It" in 2024! Tune in for details. Only 3 seats remain in my Catalyst Project class that starts on February 1st. Details here: https://…
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When this episode lands, many of you will be going through your own process of evaluating 2023 and planning 2024, so I figured I'd share my personal journey from the current year to give you a few things to think about that might alter the way you view "YOU, Inc."
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Creating Better Marketing Outcomes in 2024 with Carl White
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As we all turn into a new year and give a ton of thought to where our businesses stand at the end of this year, "business growth" will be at the top of everyone's mind...and that means evaluating your marketing performance! Carl White of MarketVisory Group joins me on the show today to give you some pearls to consider. And for those interested in t…
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All Overnight Success Takes 10 Years - Personal Journey of Dr. Michael Carpenter
40:32
40:32
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Dr. Michael Carpenter of The Dental Excellence Group in NW OH joins me and Adin Bradley, our Executive Consultant, on the podcast to talk about his methodical approach in building a successful group practice. We talk cash flows and cash reserves; adding associates and adding locations; building for the future and whole lot more! And are you conside…
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Overcoming the Achilles Heel of Every Emerging Group Practice
31:35
31:35
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Some of the greatest businesses throughout history are launched or expanded during economic downturns. Will yours be one to experience dramatic growth in 2024? Only if you get this one critical piece in place. Tune in to find out. And are you considering expanding into a group practice? Our Catalyst Program is a six-week multi-practice accelerator …
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Solving The Biggest Problem in Building a Group Practice
21:52
21:52
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Recruiting should be one of your top 3 priorities at all times, so why do so many get it wrong? Is it a mindset? Is it a lack of time? A lack of understanding? It doesn't matter! Here's your start to a new way of thinking for 2024!
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As we roll into this uniquely American Holiday weekend of Thanksgiving, let's all take a minute to pause, take inventory of our blessings and give thanks to everything and everyone who makes it happen. Here are our thoughts and reflections on all of you!
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How Not to Lose Your "Shirt" When Acquiring Practices
23:10
23:10
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Most group practices grow by acquiring practices for sale...and most group practices lose money doing so. We see this same fundamental mistake with an alarming number of entrepreneurs, so I'm going to break down several critical aspects to solve for BEFORE you acquire your next practice.
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How to Avoid an Income Hit When Building a Group Practice
26:14
26:14
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Most people who build a group practice take an income hit – at least initially. Want to know why? Want to know how to avoid it? I've got the answers. Tune in to learn more!
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The Top 4 Challenges in Building a Successful Group Practice
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31:54
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There are obviously a TON of challenges in building a successful business, but these are the top 4 we see people get wrong most often - and any of them can spell DOOM for a founder. Curious about how to work through them based on where you are in your journey? Consider booking a Discovery Day session with us to get it all straight!…
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Key Takeaways from our Scaling From Clinician to CEO Summit
33:12
33:12
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"Scaling From Clinician to CEO" was more than a title or a marketing tag line - it represents a mindset. This mindset is a shift from traditional thinking rooted in historical norms to true forward-looking innovation necessary to build a successful business that's not based exclusively on ourselves. The application of it all was on full display las…
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Solving Hygiene Dilemmas with Irene Iancu of ToothLife
44:48
44:48
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Everyone is dealing with challenges in the hygiene department these days that stem from recruiting to productivity. Tune in to today’s show to hear from a friend of the show, Irene Iancu of Toronto, as she shares both her journey as a Restorative Hygienist and an independent business owner. You’ll glean pearls of wisdom on everything from marketing…
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Dental Marketing Theory with Gary Bird of SMC National
12:56
12:56
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Gary Bird is the Founder & CEO of SMC National and the host of several podcasts, including Dental Marketing Theory. He joins Perrin today to talk ChatGPT, Marketing Metrics, and much more. Follow Gary here: https://thegarybird.com/ https://www.instagram.com/thegarybird/ https://www.linkedin.com/in/thegarybird/ https://www.facebook.com/thegarybird…
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Market Update from the McGuireWoods Healthcare Private Equity Conference
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24:56
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Diwakar attended and was on a panel at the McGuireWoods HCPE conference in Charlotte recently. He shares his thoughts on subject matter from several of the presenters and panelists, and gives us an update from the macro lens on what people feel is coming in the next 6 to 12 months. Follow Gary here: https://thegarybird.com/ https://www.instagram.co…
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SFC2CEO Interview with Jonathan Eskow Owner of Eskow Law Group
10:26
10:26
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SFC2CEO Interview with Sara Stock Owner of Stock Legal
12:08
12:08
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Sara Stock, of Stock Legal, joins Perrin on the podcast to discuss her lecture topics for this year's Scaling from Clinician to CEO event. Sara is founder and CEO of Stock Legal, a WBENC-certified firm. Stock Legal’s primary purpose is to uniquely (through fixed fees, education, and practical, approachable, relational, and creative representation) …
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Navigating New Financial Waters (Appearance on The Dentalpreneur Podcast Hosted by Mark Costes)
41:31
41:31
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Perrin joins Mark Costes on The Dentalpreneur Podcast to discuss the rising rate environment and what is happening in the marketplace. Check out The Dentalpreneur Podcast here: https://www.truedentalsuccess.com/the-dentalpreneur-podcast Are you registered for our upcoming Scaling from Clinician to CEO Event? Save your seat before it's too late! Reg…
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Darby and CareStack Join us for a Quick Convo - SFC2CEO Promotion
15:21
15:21
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Jeff Darby from Darby Dental and Jeanina Pizzano from CareStack join us on the podcast today to discuss how they provide the solutions you need to maximize the operations in your group practice. To learn more about CareStack, click here: https://carestack.com/ To learn more about Darby Dental Supply, click here: https://www.darbydental.com/Home.asp…
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SFC2CEO Interview with Speaker Scott Haberman of Eide Bailly
8:18
8:18
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Join Scott Haberman, Partner at Eide Bailly join us on the show today to discuss his lecture on Legal Structures & DSO Reporting. Being able to interpret operating reports, income statements, and balance sheets is one of the biggest challenges a dentist has when building a group practice and becoming a CEO. Seats are still available! Join us this O…
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Personal Journeys with Dr. Samson Liu of SOH Dental
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Many of you know the name Samson Liu of SOH Dental and formerly E-VP of Clinical Affairs at Heartland. He drops value bombs galore on today’s show, so this is one where you’re going to want to listen multiple times…trust me! Enjoy!
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SFC2CEO Interview with Speaker Gary Bird of SMC National
8:19
8:19
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Marketing is driven by emotion, and that's great because you must invoke emotion to get people to respond. Join Gary as he takes you through his lecture "Marketing Analytics for Success," which includes visualizing the patient's journey to your office, the marketing metrics you need to measure, how to create a marketing calculator for your business…
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Personal Journeys with Dr. Will Harvey of Harvey Family Dentistry
26:56
26:56
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All of us love learning about how different people execute growth strategies differently – and this is one that is sure to perk up your ears. Dr. Will Harvey of Harvey Family Dentistry has been a long-time client of ours and actually started working with us after a hurricane. Not recommended… Tune in to learn about the business he has built and wha…
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Contemplating Partnerships: Transaction vs. Transformation
22:43
22:43
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The legacy mentality of too many in our industry is that partnerships are best achieved through some sort of buy-in. This may be appropriate for traditional solo practices when it comes to facilitating the founder’s personal transition, but it usually is NOT the best tool in the toolbox for a growing group practice. Join me as I dive into “a busine…
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