The Digital Revolution in Dentistry: Unlocking True Wealth Through Digital Therapeutics

Tim McNeely CFP CIMA
3 min readSep 21, 2023
Photo by Ari He on Unsplash

Key Takeaways:

  • Digital therapeutics are revolutionizing the way we approach healthcare.
  • Dental entrepreneurs can leverage these tools to offer personalized, tech-driven solutions.
  • The market for digital therapeutics is expected to grow to $18 billion by 2028.
  • True wealth in dentistry goes beyond financial gains; it encompasses holistic well-being.

Introduction

“Download this app and call me in the morning.” This phrase is not just for primary care physicians anymore. As a dental entrepreneur, you’re always on the lookout for innovative ways to grow your practice and provide the best care for your patients. Enter the world of digital therapeutics, a burgeoning field that promises to redefine healthcare and, by extension, dentistry. But what does this mean for you, and how does it tie into the concept of true wealth? Let’s dive in.

The New Frontier: Digital Therapeutics in Dentistry

Digital therapeutics (DTx) are software-enabled methods of care delivery that are making waves in the healthcare industry. These tools can range from mobile apps to wearable devices, all designed to manage or treat a variety of conditions. Imagine a future where you can prescribe an app to help your patients maintain optimal oral health or manage dental anxiety. This is not science fiction; it’s the future of dentistry.

The Market Potential

The DTx market is expected to grow to a staggering $18 billion by 2028. For dental entrepreneurs, this opens up a plethora of opportunities to diversify your practice and offer cutting-edge solutions. It’s not just about increasing your bottom line; it’s about enriching the lives of your patients and your community, thereby achieving true wealth.

Types of Digital Therapeutics

  1. Treatment-focused DTx: These are designed to treat specific conditions. In the dental context, think of apps that can help manage periodontal disease or post-surgical care.
  2. Chronic Condition Management: These tools help manage ongoing issues like dental anxiety or temporomandibular joint disorder (TMJ).
  3. Overall Health and Wellness: These are general apps available over the counter that can help with stress management, sleep quality, and more, all of which can indirectly affect oral health.

The Road to True Wealth

True wealth in the dental industry is not just about financial prosperity. It’s about creating a legacy of holistic well-being for yourself, your patients, and your community. Digital therapeutics offer a pathway to this kind of wealth by enabling you to provide more personalized, effective, and scalable solutions.

Issues to Consider

While the potential is enormous, it’s crucial to approach DTx with caution. Ensure you’re well-versed in digital literacy, and always consider the security and privacy aspects of these tools. Regulatory compliance is another factor to keep in mind as the DTx space is still evolving.

Conclusion

The advent of digital therapeutics is a game-changer for healthcare and offers dental entrepreneurs a unique opportunity to redefine their practice. As you embrace these new tools, remember that true wealth is not just about financial gains; it’s about enriching lives and making a lasting impact. Keep your eye on this ever-evolving field, and you may find that the path to true wealth is just an app away.

The Dental Wealth Initiative

Ready to take the first step toward achieving true wealth in your dental practice? Don’t miss out on your chance to get a FREE copy of my number one best-selling book, “Dental Wealth Nation.” Unlock the secrets to leveraging digital therapeutics in dentistry and much more. Get your free book here.

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Tim McNeely CFP CIMA

I help dental entrepreneurs reduces taxes & build TRUE WEALTH so you can THRIVE. Host of The Dental Wealth Nation show | #1 Best-Selling Author