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    Date submitted
  • 12-Oct-2018

TranscenDental Suites, LLC

Abstract

TranscenDental Suites, LLC (the “Company”, “TranscenDental”) intends to execute its business plan to become a leading company providing real-estate solutions to independently owned, managed and operated Dental practices by licensing for a flexible term, luxuriously built, modern, state-of-the-art equipped, ‘turn-key” dental suites coupled with supportive non-clinically based services.

TranscenDental Suites will be available for license ("rent") on a per diem, per suite basis with rates based variably based on term of occupancy being as short as for example a day/week, multiple days/month or longer term. Think of us a shared workspace "WeWork" model for dental practices and potentially other complimentary healthcare practices.

Through this process, along with a focused effort to advertise and promote its facilities to recruit patients and establish its brand identity, TranscenDental intends to become the brand identifiable with delivering the highest level of dental / healthcare facility amenities and economies of scale to its Dentist / Doctor clients, coupled with superior care and amenities to its visiting patients, resulting in a highly positive dentist client and patient experience.

Additional Questions

Who is your customer?

Newly established dentists, dentists trying to build practices or establish satellite offices, dentists wanting part time commitments to their offices to be able to afford them and provide a more flexible work life balance in a cost efficient manner. Retiring dentists that want to down size yet remain practicing without the large capital cost commitment.

What problem does this idea/product solve or what market need does it serve?

Dentists face a risky, highly challenging and costly environment to successfully establish, maintain, grow and support their offices New Dentists: Growing Burden of Academic and Practice Debt Revenue and Cost Risks to recruit new patients and cover practice fixed costs – rent and support staff Balance the day to day management of office while delivering care – personnel, billing, marketing Established Dentists: Difficult to gain access to new patients to expand practice Need to invest resources in New Technology Keeping up with “best practices” and newer care methods Inefficient usage and cost of setting up, or expense of buying a 2nd practice No Access and environment for timely Peer to Peer collaboration Challenging balancing Work life / Personal life with high fixed cost inflexibility and risks

What attributes will make this idea/product successful? Why do you believe that those features will create success?

TranscenDental occupant Dentists pay Per Diem Rates on a sliding scale basis, for daily “as needed” flexible turn-key space, eliminating risky, large upfront fixed costs and commitments to successfully establish, maintain and grow their practices. New patient access and referrals. IT support and integration for back office functionality. Support staff dental assistant availability. New Dentists: Ability to “moon-light” at state-of-the-art equipped, modern and beautifully appointed facility with shared reception area High quality and important feeling aesthetic practice environment for independent practice building Control and ownership of your practice and patient care delivery decisions Private operatory rooms with adjoining support area for administrative support Established Dentists: Gain increasing access to additional patients to expand practice Provision of New Technology to meet high quality patient service Exposure to “best practices” and newer care methods from peer interaction No fixed cost commitment to setting up a 2nd office Access and environment for timely Peer to Peer tenant collaboration Provide balanced Work life / Personal life without high fixed cost burden and associated risks

Explain how you (your team) will execute to make this idea/product successful? What gives you (your team) an advantage over others already in the market or new to this market?

Revenue Generation: Space License Fee Agreements with Occupant Dentists Additional Revenue potential for non-clinical services (temp help, computer / back office networking, etc.) Recruit Occupant Dentists through Dental Representative Relationships for Finder’s Fees % of License Income Recruit and Market to Tri-State area Dental Community (Dental Schools, Conferences and Trade Shows) Concentrated Metro area Advertising to the patient public via social media and bus advertising Public Relations effort to promote Brand, Raise patient awareness and recruit patients to the facility for their dental and related healthcare needs