MB2 Dental Solutions is one of the most interesting companies in the field of providing business services to dental practices, an industry that is often quite boring and drab. They are based in Carrolton, Texas, and provide their services in six states to date with plans for more in the future. The providers that have partnered with them count over 85 practices so far and counting.
Many dentists love to run a solo practice and avoid the bureaucracy of being a corporate dentist. However, they acknowledge there are benefits to being attached to a large corporation such as economies of scale and having someone else tend to the business side of things. MB2 Dental Solutions is dedicated to giving dentists who own solo practices the best of both worlds. They maintain complete autonomy when it comes to the dentistry they perform while on the other hand they don’t have to deal with the aspects of running a business that they don’t want to deal with.
MB2 Dental Solutions can run pretty much everything outside of the dentist-patient relationship when it comes to operating a dental practice. They can do everything from payroll to IT support to training to marketing and everything in between. The dentists that have affiliated with them really appreciate this because they can bring in more clients, make more money, and not become a businessman on top of being a dentist.
The success of MB2 Dental Solutions, which is privately held, has come to the attention of venture capitalists who want to be part of a very successful company. One of these companies is Sentinel Capital Partners who chose to invest a substantial amount of money in this company in October 2017. They were attracted to the relationship MB2 Dental Solutions has with its affiliates, which is referred to as a “joint venture” model.
One of the partners at Sentinel, Paul Murphy, said that MB2 Dental Solutions is a company that is able to both attract and retain great employees because it is a company that is dedicated to the idea that “patients come before profits”. This focus on their clients and their patients means that MB2 Dental Solutions is doing right by their customers and has the correct focus to attract more affiliates in the future. By doing business the right way the leadership of MB2 Dental Solutions has established a path forward that everyone involved benefits from.