Many practitioners dream of owning their own office immediately after graduation. Dr. Chris Hoffpauir did exactly that in 2012, but he quickly realized that clinical excellence and business management are two different skill sets. Reflecting on the launch of his scratch startup, Dr. Chris notes:
“It was the ballsiest and stupidest thing I could have done.”
Within the first year, he had exhausted his startup capital and was facing significant financial losses. Despite his medical expertise, the reality of being a CEO was a role for which dental school had not prepared him. At the urging of his wife, a fellow practice owner who was already seeing success with Silkin Management Group, Dr. Chris decided to implement a formal management system.
Dr. Chris attributes his turnaround to what he calls “uncommon sense,” the application of fundamental business systems that are rarely utilized in clinical settings. By working with Silkin, he shifted his focus from daily fire-fighting to high-level system implementation.
Learning to build a team based on loyalty and shared goals rather than just task completion.
Implementing job descriptions and manuals that allowed the practice to function without his constant supervision.
Training the team to monitor and take responsibility for key performance indicators (KPIs).
The results were transformative. Dr. Chris grew his three-room practice to an annual production of $1.4 million (collections to 1.58M) Both practices collected over $3M together. $1.58M and $1.53M. He sold the first one entirely in 2020 and now only owns 15% of the second as he sold it off.
The ultimate goal of the Silkin program is to move the practitioner from "Operator" to "Owner." Today, Dr. Chris reports spending zero hours on the day-to-day management of his practices. This freedom has allowed him to expand his professional footprint far beyond a single dental chair.
Dr. Hoffpauir's Current Businesses/Holdings:
He currently owns or is a partner in: Lasso Md (website co.), Alvin Dental, DIVA (AI Dental insurance verification), Get V Wire ( outsourced VAs for offices), Fifth Wall Films ( a full production studio), Doc Hoff Investments ( a holding company and advertising/CE Conference provider), Dental Logic ( a DSO outsource company for complete insurance handling from verification to filing and disputing denials), The Business of Dentistry Podcast and Facebook Group (The largest Dentist only Social media group.)
Dr. Chris maintains that the lessons learned through Silkin are "evergreen." When the 2020 pandemic disrupted the industry, his debt-free position and systemic foundation allowed him to not only survive but to acquire a second practice location.
Dr. Chris Hoffpauir’s journey proves that with the right systems, a practice can provide both world-class patient care and the professional freedom every owner deserves.
Silkin Management Group provides the tools, culture, and accountability necessary to turn a clinical practice into a thriving business asset.
Are you ready to transition from practitioner to business owner?