Practice Under Water with George - Part 1
Shared Practices | Your Dental Roadmap through Practice Ownership
Dr. George Hariri | Shared Practices Network
4.9 • 559 Ratings
🗓️ 24 February 2025
⏱️ 34 minutes
🧾️ Download transcript
Summary
In this episode of 'Practice Underwater', George Hariri sits down with "Gregorio," a real dentist with a fake name but real numbers. After a four-year journey from associate to owner, Gregorio now runs a thriving $2M practice but faces a major crossroads—how to scale his business while reducing his clinical hours. George dives into Gregorio’s background, practice dynamics, and vision for a two-day clinical work week while maintaining high profitability. They explore his implant and endo-heavy clinical mix, the bottlenecks in hygiene, and the expansion potential of his facility. Is he on the path to a $3.5M practice, or should he drop insurance first? Tune in to hear the breakdown and strategy for his next move.
Transcript
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| 0:00.0 | Welcome back to practice underwater. |
| 0:05.0 | I'm here with our real dentist, real numbers, fake name Gregorio. |
| 0:11.0 | And I was just talking to this dentist, real name is not Gregorio. |
| 0:15.0 | And I asked, do you have a fake name ready? |
| 0:17.0 | He said no. |
| 0:18.0 | And he also said that he's like, I tried to look at a recent episode of Practice Underwater to see kind of what it's like. And I didn't find anything. And it's like, yeah, no, I haven't done this in years. And so the reason I picked the name Greg Oreo is, you know, sometimes when you go order a Starbucks or something and you write your name or you tell them your name and if you ever want to give something funny, I use Greg Oreo and I spell it like Oreo at the end, like the cookie. And so we have Greg Oreo with us and, you know, not a real name. But welcome to the show. Thanks for the great name there. I appreciate it, George. So, you know, I think the first thing you said, which is important for our audience to understand, is you are not underwater. |
| 0:56.8 | So, you know, when you think of underwater, I remember I did an interview years ago with an individual who was like literally like pretty close to bankruptcy. |
| 1:06.2 | And I was like, you should be urgently like, I remember I was using the term of like, you know, |
| 1:16.5 | blank on fire. And, you know, you are in not that type of situation. You know, you are doing very well. |
| 1:21.0 | Just for our audience to get an understanding just at a very high level, I have your practice by numbers open here. And, you know, I'm taking a look at your last year. And, you know, |
| 1:26.8 | you guys collected over $2 million. So, you know, I, this is, I, I'm taking a look at your last year and, you know, you guys collected over $2 million. |
| 1:29.3 | So, you know, I, this is, I would never call this underwater, but you are under cover. |
| 1:36.0 | And, you know, so I'm just welcome to the show and, you know, maybe help our audience understand |
| 1:42.3 | where you're at in your journey of practice |
| 1:44.7 | ownership. If you want to maybe talk through a little bit about before how you got into |
| 1:48.7 | ownership, your history, and just really let our audience get to know you, even though we have |
| 1:53.9 | your name not necessarily exposed. Yeah, for sure. So I graduated in 2018, did one year |
| 2:00.6 | GPR after that, came out, went straight into an associate ship. And actually, that is actually the practice I'm at now. I ended up buying the owner out that I went into, worked for him for four years. We can get into those details, if that's something we want to talk about. But it was the classic come in. You think you're going to buy sooner than what you do |
| 2:17.9 | and then it lasts you know year by year and then finally four years later we made it happen and so that |
| 2:22.6 | happened last january so january of 24 was when i bought and so we've been going at for you know a |
| 2:30.5 | year now and things are going pretty good now. But I'm starting to get to an |
| 2:35.0 | inflection point of getting big enough to where I need to start making some decisions. And that's |
... |
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