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After Dental School

ADA launches new dental student Web portal

The ADA launched this month a new Web portal designed to provide a one-stop shop for dental students seeking information, ranging from financial resources to finding a job.

ADA for Dental StudentsThe portal ADA for Dental Students can be found at ADA.org/student or can be accessed via the Member Center on ADA.org.

The portal provides dental students easy access to a variety of ADA resources and benefits, including information on dental careers and finding a job, financial planning and student loan debt, dental licensure and examinations, professional ethics, and more!

The portal will be regularly updated with new and noteworthy information and resources. For more information, contact the ADA Office of Student Affairs at studentaffairs@ada.org.

Maintaining a positive online reputation

Do you know what your patients are saying about you? Your online reputation depends on whether and/or how you react to what people say about your services.

Today, according to the ADA Center for Professional Success, many patients investigate your office prior to an initial appointment using Google, Yelp, and many other review and research sources. Make sure you are doing everything you can to maintain a positive online reputation.

PBHSADA Business Resources and Protective Business and Health Systems (PBHS) recently hosted a webinar on managing your online reputation. A recording of the seminar along with the question and answer section is now available for ADA members.

In this webinar Jay Levine, president of PBHS, offered tips and best practices to monitor your public reputation and take a proactive approach to addressing online reviews. To view the webinar, accessible to ADA members, click here.

This information is provided courtesy of PBHS, the only marketing company endorsed by ADA Business Resources. Learn more about PBHS, click here or by calling 855.932.4232.

 

Determining the ideal size and space of your practice

Opening a dental office is a significant step in a dentist’s career. It is also quite taxing. According to the ADA Center for Professional Success, taking it one organized step at a time can help alleviate some of the stress.

One of the first major things you need to decide is the size and location of your ideal space.

The size and location are based on your 10-year plan. This plan is how you envision your business to be functioning in ten years, in terms of maximum production. Having a 10-year plan will enable you to determine the number of operatories required to achieve your goals. Some dentists simply want to be sole proprietors, with a full-time hygienist and possibly another part-time hygienist. Others may want to hire an associate down the road or even run a multi-provider clinic.

Dental Office DesignOnce you have determined the number of operatories necessary to support your 10-year plan, you can determine the square footage you will need for your new office.  Dental Office Design, published by the ADA, offers a formula that can be an excellent starting point to determine required square footage:

Number of Operatories
Multiplied by Square Footage of Operatories
Divided by .275

A full chapter excerpt from How to Open a New Dental Office or Relocate Your Current One on deciding how many operatories an office will need, how much square footage an office will require, and other preliminary decisions when choosing and constructing a dental space can be found here.

This excerpt is provided courtesy of Gordon F. Osterhaus Jr., DDS. Dr. Osterhaus is the author of How to Open a New Dental Office or Relocate Your Current One. The book is available online at www.valleydentalconsulting.com. Dr. Osterhaus is also a contributing author to The ADA Practical Guide to Dental Office Design available through the ADA catalog.

ADA executive program in dental practice management

According to the ADA Center for Professional Success, new dentists can match their passion for dentistry with a mind for business with the ADA’s Executive Program in Dental Practice Management.

Launched in September, this Web-based program takes on the tough practice management challenges today’s dentists must master, such as reducing costs, enhancing marketing strategies and practicing amid increased regulation.

Center for Professional SuccessDental practice management experts and first-rate business lectures from the University of Notre Dame’s Mendoza College of Business — all carefully selected by the ADA for certificate fulfillment — merge to provide a comprehensive six-course certificate program in disciplines crucial to practice success. The first three to be available are:

• Legal and Ethical Issues in Dental Practice
• Negotiation and Conflict Management
• Understanding Leadership

And following soon will be:

• Business Strategy and Systems
• Dental Team Management
• Financial Management

Accessible by desktop, Internet-enabled mobile device, MP3 and MP4 formats, the state-of-the-art online classroom is available anytime and anywhere, with around-the-clock technical support. Participants will also be able to earn continuing education credits when appropriate from those classes which apply, but must take the entire sixty hour series to earn the certificate.

Whether you have your own practice or aspire to do so, it’s time to complement your clinical expertise with skills for the business side of dentistry. To register, click here.

Be prepared before seeking a practice loan

The thought of seeking a practice loan for a new dentist might be intimidating. But being prepared with good information can prove to be key to an easier—that is, successful—experience.

Allison Farey, president of Wells Fargo Practice Finance, named good credit as the No. 1 criterion that a new dentist should meet before seeking a practice loan. Ms. Farey said that a FICO credit score “north of 700” is a good place to start.  While that means being in good standing with student loan payments, for instance, it doesn’t mean that heavy student loans themselves will be an issue.

Wells Fargo“That does not matter whatsoever when we’re analyzing the doctor for a practice loan,” Ms. Farey said.  “We do not factor in the debt load on the student loans because we know they have them, and we consider that good debt. But what does matter is if they buy really fancy cars or large houses with big mortgages on them. That will have a big impact.”

There are a few distinctions between buying an existing practice and establishing a startup that should be noted. But from Wells Fargo’s perspective, one approach does not trump the other.

“We don’t judge them as one is better than the other,” Ms. Farey said. “What we look at first and foremost is the character of the borrower or dentist. We do that through their credit. If it’s a startup, we’re looking at your business plan.”

But as a preliminary step, Wells Fargo will help the applicant get the plan in good shape prior to their application, Ms. Farey said.

“We’re really looking to help set up a business plan with them and give them the tools to do that,” she said of new dentists. “We refer them certainly to the ADA to also pull tools down for them to reference in building a business plan, etc. We have some practice management consultants on staff that may have a conversation with the doctor, to make sure they’re ready to go.

“For the existing practice, we’re looking at the historical cash flow of the practice. We’re looking to make sure that the debts can be covered by the historical revenues that come off of that practice.  So that’s a completely different way that we would underwrite a purchase versus a startup.”

Another major preparation step for a new dentist planning to seek a practice loan is to get all preliminary, self-assessment out of the way before applying for a loan, Ms. Farey said. “They need to be prepared by knowing where they want to be, not ‘I think I might want to do this or I think I might want to do that,’” Ms. Farey said.

But Wells Fargo can even help with those early steps, she said. New dentists may consult with her division to get help focusing their intentions, such as where they will practice.  “They certainly can call,” she said. “We talk to doctors way back to when they’re students.”

To learn more about Wells Fargo Practice Finance’s programs for new dentists, visit wellsfargo.com/dentists or call 1.888.937.2321.

Marketing snapshot: How one practice does it

Somerset, Ky. — It took less than a minute for Dr. Ricky Farmer to post a “selfie” with a smiling child he treated at a free community health clinic this summer on his practice’s Facebook page.

Within a few hours, the photo generated more than 250 “likes” and several comments from patients who wrote and posted positive testimonials on Dr. Farmer’s work.

Dr. Farmer

Dr. Farmer

“I had nearly 400 views of that post within a few hours of posting and it was free,” said Dr. Farmer, who has been practicing for 11 years. “It was a wonderful ‘ad’ if you will.”

Today, Dr. Farmer’s Facebook page for his practice Lake Point Dental Care is part of his overall marketing strategy as he moves to relying more on online and social media efforts to effectively promote his practice.

“Online marketing takes up probably 80 percent of my marketing strategy, and 20 percent everything else,” Dr. Farmer said. “That’s completely flip-flopped from when I started out about 10 years ago.”

After graduating from dental school, Dr. Farmer was 25 years old when he opened his practice in the small Kentucky town where he grew up. To get the word out that he was open to see patients seeking dental care, he had one strategy: mass marketing. He sponsored Little League teams, bought recurrent ads in the regional newspaper and magazines, sent out direct mailers, shot local TV ads, recorded a few radio spots, networked with other local businesses and launched a no-frills, one-page website.

“I pretty much tried everything but billboards,” he said.

Dr. Farmer said each mode of marketing had its success though his practice didn’t do detailed return on investment tracking in the initial stages of practice growth.

“In hindsight, that was perhaps not the wisest business decision,” he said. “But at that point we were just focused on mass marketing across the board.”

As time went by, his dental team began to loosely track how patients found him and started pulling out of certain marketing modes based on effectiveness and the strategy’s relevance. For example, he pulled out of the Yellow Pages and other publications saturated with ads from other dental offices.

“What we found was that online was where it’s at when it comes to advertising, where it was the phone book a decade, two decades ago,” he said.

It wasn’t until 3-4 years in to his practice that Dr. Farmer shifted his focus to online marketing. He hired PBHS, a website and marketing services provider, to handle and direct all of his online marketing outlets, including his website and social media accounts. PBHS, the online marketing and branding company endorsed by ADA Business Resources, can track how often people visit his website and social media accounts. However, return on investment tracking remains his practice’s responsibility during his new patient registration process.

“Our marketing efforts are always evolving because our community, culture, society and our patient base are always evolving,” Dr. Farmer said. “Our mobile devices allow for instant access to information and communication. And as a society, we now expect immediate results and answers.”

Dr. Farmer said more of his patient base is savvier in social networking and new technologies.

Dr. Farmer often interacts with patients or prospective patients through his social network accounts, which includes Twitter and YouTube. He would log on and personally thank people who leave positive testimonials on the comment section of his latest posts.

This fall, he’s set to launch the latest redesign of his practice’s website to optimize his capabilities posting photos and sharing educational videos. His practice also has a blog where he posts information on certain procedures his patients may be interested in.

Along with the focus on online marketing, Dr. Farmer continues to advertise in more traditional media — though more strategically.

Instead of a recurrent ad in the newspaper, he targets specific events, such as back-to-school issues. He also continues his community involvement. Earlier this year, his practice participated in a local initiative that help kids in the local school system by filling backpacks with food and needed items. His practice helped filled the backpacks with toothbrushes and toothpastes.

However, despite all the savvy marketing strategies, Dr. Farmer said, no external marketing alone will ever be able to ultimately grow a practice over time.

“There are a multitude of ways to attract a new patient to your practice, but only a few ways to keep them,” he said. “While my marketing avenues will change, my commitment to delivering the highest quality of contemporary, comprehensive and compassionate care will not. And that is truly my best marketing strategy.”

New dentists sought for UCSD dental fellowship

New dentists with a passion for working with the underserved and is interested in education are encouraged to apply for a one-year stipend dental fellowship with the University of California, San Diego.

Those eligible are new dentists who are General Practice Residency (GPR) or Advance Education in General Dentistry (AEGD) graduates with a California license or is eligible for a California license.

Spanish language skills are a plus, but not required; experience in teaching or working with the underserved is also a plus.  The fellow will work in UCSD’s free dental clinics and learn first-hand about delivering high quality preventive and restorative dental care with the underserved.  This will be a full-time commitment.

UCSD’s free dental clinics have been in existence since 2002. The UCSD-Run Free Dental Clinic Project provides comprehensive dental services to underserved, unemployed, uninsured and the homeless. The clinic functions as part of a transdisciplinary model in partnership with the UCSD School of Medicine and offers medical, dental, pharmacy, social work and law. The patient population is mixed, which includes children, elderly, middle-aged, and some with special needs.

To date, the Free Dental Clinic Project has provided over 5.7 million dollars of free dental care.  Dental services include exams, x-rays, hygiene, restorative care, root canals, crowns, orthodontia, periodontics, dentures, pedodontics and more.

Based on longstanding community partnerships, the dental clinics are located at four sites including the First Lutheran Church in Downtown San Diego, the Pacific Beach United Methodist Church, Baker Elementary School, and Lemon Grove Academy; both schools serve low-income underserved students and their families. The newest clinic is at Lemon Grove Academy, which is a public pre-school through eighth grade where we also provide a one-week elective for 7th and 8th graders about oral health and staying in school, going to college and considering careers in health care, especially dentistry.

Fellows will also participate in a 3-week faculty development course in underserved dentistry and complete a project related to an area of focus. The application will be a multi-step process.  As a first step, send a letter of interest and their CV to dsilverstein22@cox.net and cbloomwhitener@ucsd.edu. UCSD hopes to fill this position and start the fellow in the clinics July 1 or as soon as feasible. For more information about our programs, visit http://fdc-pds.ucsd.edu/.  For any further information, contact Dr. Donna Kritz-Silverstein at 619.838.0822.

Your ADA membership — It’s renewal season

Be on the lookout for your membership renewal, arriving soon from your state dental society.

ADAThe ADA’s strength comes from individual dentists — more than 158,000 — meaning more resources for members and a powerful voice in Washington and state capitols.

The ADA and your state and local dental societies enhance your ability to achieve success and your excellence as a dentist, and ensure a strong future for the profession.

Not yet a member? Get started at ADA.org/belong.

October issue of New Dentist News available online

The latest issue of the New Dentist News is now available online.

The October 2014 issue includes articles to help new dentists with marketing, finances and handling ethical dilemmas.

October 2014 New Dentist NewsInside this issue include:

  • Marketing snapshot — How one practice does it.
  • Marketing the dental practice: Know the rules.
  • Working with a marketing firm.
  • Advice from a lender: Be prepared before seeking a practice loan.
  • Tap the ADA Ethics Hotline for ethical dilemmas.

To read the New Dentist News, click here.

What tips have you learned when it comes to marketing your dental practice or yourself as a dentist?

Over 200 federal dentists welcomed at ADA 2014

Over 200 federal dentists attended the ADA 2014 — America’s Dental Meeting in San Antonio, with many attending the Federal Dental Services reception held Oct. 11 at the Marriott Rivercenter.

Dentists who are in full-time military or federal government service are eligible for direct ADA membership at the national level. In 2013, there were 2,816 FDS members in the ADA.

For more information on the Federal Dental Services, click here.

Take a look at the photos from the Federal Dental Services Reception held during the annual meeting.

Federal Dental Services reception Federal Dental Services reception Federal Dental Services reception