Can You Lie To A Druggie?
Transcription
Can You Lie To A Druggie?
Summer 2011 News & Information to Increase the Profitabilit y of Your Practice The Sheet of Paper That Saved 1500 Lives The Six Hour A Week Dentist The “Goldstein Standard” Can You Lie To A Druggie? What to do when a patient is “Allergic to Novocain” Recession-Proof your Practice HOW MUCH DOES YOUR FACILITY PAY YOU ON SATURDAYS ? Now You Can Experience What Many Are Calling “The Most Lucrative Niche in Dentistry,” Your Own Dental Assisting School Business! Assist To Succeed Dental Assisting School is a turn-key business model that can be profitable very quickly... AND YOUR STAFF CAN RUN IT FOR YOU! cations Prime Lo Locked Are Being Away! “My ATS residual income has far exceeded my expectations!” -Dr. Kendall Skinner, Anchorage, Alaska “ATS is the best thing to happen to me in my professional life.” -Dr. James Drake, Idaho Falls, Idaho “The ATS dental assisting school has been a great fit for us! We signed up a class of 12 our very first class.” -Dr. Michael Rockwell, Tooele, Utah “Every dentist should consider running a highly profitable dental assisting school business from their office.” -Dr. Woody Oakes, New Albany, Indiana How Do You Get Started? Don’t Procrastinate. Call (208) 353-5301 Once They’re Gone... They’re Gone! (208) 353-5301 www.AssistToSucceed.com First, find out if your area is available. Go to www.AssistToSucceed.com and submit your office address for area availability. Dr. Taylor Clark, founder and CEO of Assist To Succeed, will personally call to notify you if your area is open. He will discuss the opportunity with you and together decide if we can accept your office. You may reach us at (208) 353-5301. The first 27 online inquiries will receive a FREE personally signed copy of Dr. Taylor Clark’s book BEATING ALL ODDS, with foreword by Rudy Ruettiger and endorsed by Dr. Stephen Covey, Brian Tracy, T. Harv Eker and many other Best Selling authors, speakers and trainers. Taylor Clark, DDS Tell me, how can I help make your life fantastic? www.BeatingAllOdds.com BY SPENDING MORE TIME AWAY FROM HIS CHAIR HE IS ABLE TO GET MORE PATIENTS TO TAKE A SEAT. A DVA N C E P R AC T I C E # 4 : D R . W O O DY OA K E S N E W A L B A N Y, I N To turn his practice around, he needed to get out more. That’s what Dr. Woody Oakes learned early on. He wasn’t going to grow his business just by spending more time there. He needed to go out and learn what was working for other dentists. After using this wisdom to build his own practice, he began to share it with his fellow dentists. It started with his first book in the early 1980s, and now includes a magazine, blog and yearly nationwide seminars. Advance your practice with advanced patient financing. CREDIT LINES STARTING AT $5,000 12, 18 & 24 MONTH NO INTEREST PAYMENT PLANS BEST-IN-CLASS ONLINE REPORTING SYSTEM Dr. Oakes also offers his helpful advice to future dental assistants by hosting training programs aimed at helping them get good, well-paying jobs. As part of the ChaseHealthAdvance Provider Network you’ll have access to these benefits as well as more useful financing tools, special offers and rewards. Each day Dr. Oakes strives to not only improve his own practice, but also his peers’ practices, which is why Plaza Dental is an Advance Practice. Visit AdvanceWithChase.com or call 1-888-388-7633 to learn much more. Information above is for providers and not for patient distribution. ChaseHealthAdvance is not affiliated with and does not endorse the services of Advance Practices. ©2010 JPMorgan Chase & Co. All rights reserved. PD1110 SUMMER 2011 | Issue 236 PRACTICE MANAGEMENT EDITORIAL istockphoto.com/ DeniseTorres A Word From Woody................................................................................ 6 In the Spotlight – Six Month Smiles......................................................... 7 Editorial So What’s YOUR Excuse? by Dr. Woody Oakes...................................................................................8 Can You Lie To A Druggie? by Dr. Joe Steven, Jr............................................................................... 10 The Five Most Overlooked Ways Receptionists Lose Patients In Every Practice And How You Can Help Them! by Chris Mullins....................................................................................... 12 Failure Factors by Vicki McManus................................................................................... 13 Recession-Proof Your Practice by Ken Runkle......................................................................................... 16 Help for Those Drowning in Debt by Sally McKenzie, CEO.......................................................................... 19 The Sheet of Paper That Saved 1500 Lives by Dr. Chris Griffin................................................................................... 22 Follow the Leader by Brooke Mott........................................................................................ 24 Free Financial Management Website by Dr. Craig Callen................................................................................... 27 The Six Hour A Week Dentist by Dr. Steffany Mohan............................................................................. 28 A Marketing Opportunity by Dr. Craig Callen................................................................................... 31 “DISABILITY” or “MORE ABILITY”? The Choice is Yours! by Dr. Taylor Clark.................................................................................... 32 “Everyone Can Smile With Confidence” The Perspective of a Six Month Smiles® Provider by Dr. JoAnn Martens.............................................................................. 34 istockphoto/ Andresr CLINICAL/TECHNICAL Better Dentistry & More Profit by Dr. Michael Curtis........................................................................... 36 Do Dentists, Let Alone Laboratories; Really Understand the New Technologies in Digital Dentistry? Part 2 by David Block, CDT........................................................................... 38 Snoring Prevention An Interesting Adjunct to a Dental Practice by Dr. Earl O. Bergersen...................................................................... 40 The “Goldstein Standard” by Dr. Woody Oakes............................................................................ 42 Profitable Thoughts Hypnotherapy : Homeless Improvement with Best Friend Therapy™ by Dr. Steven E. Roth.......................................................................... 43 A Ground Hog Life by Dr. Mike Abernathy......................................................................... 44 The Facts About Credit Card Processing.......................................... 46 Why Hygiene Patients are Worth an Extra $100,000 a Year by Robert Winings............................................................................... 47 How Avoiding the Stock Market Can Make You Rich by Garrett B. Gunderson..................................................................... 48 Hmmm... Interesting by Raoul Camus............................................... 51 Comedy Corner by Dr. R. Anthony Matheny.................................................................. 51 PROFITABLE NEWS & PRODUCTS Puzzle Piece: “Over-Sized Business Cards”................................................ 52 A Word From Our Readers............................................................................ 52 CONTACT US Products & Solutions: .................................................................................. 53 Phone: 1-800-337-8467 or 1-812-949-9043 Fax: 1-812-949-8535 Mail: The Profitable Dentist 3211 Grantline Rd, Ste 20, New Albany, IN 47150 Email: [email protected] Website: www.theprofitabledentist.com Excellence In Dentistry Products and Events........................................ 54-55 EDITORIAL ADVISORY BOARD The content of this publication may not be reproduced either in part or full without the written consent of The Profitable Dentist ®. 4 S U M M E R 2 0 11 DR. MICHAEL ABERNATHY McKinney, TX DR. BILL DORFMAN Los Angeles, CA DR. DAVID HORNBROOK La Mesa, CA DR. MARK HYMAN Greensboro, NC CATHY JAMESON Davis, OK DR. BILL KIMBALL Encinitas, CA DR. ROGER LEVIN Baltimore, MD DR. TOM ORENT Framingham, MA DR. STEVE RASNER Bridgeton, NJ DR. LARRY ROSENTHAL New York, NY DR. ROY SMITH Tyler, TX DR. BILL STRUPP Clearwater, FL Dr. Joe Steven, Jr Wichita, KS STAFF Editor-in-Chief WOODY OAKES, DDS, FAES Seminar Coordinator JENNIFER JONES Associate Editor CRAIG CALLEN, DDS Front Office Coordinator / Administrative Assistant CHRISTY CLAYWELL Executive Vice President of Operations/Finance DELAINE STEWART Shipping Manager/ Coaching Assistant LISA MERKEL The Profitable Dentist Designer Leah Conder Taylor Taylor & Associates © 2011 Excellence in Dentistry, Inc., Publisher. Copyright enforced – no part of this publication may be reproduced without written permission. This publication is designed to provide reliable information in regard to the subject matter covered. However, it is sold with the understanding that it does not www.TheProfitableDentist.com replace the need for advice from your personal, competent professional advisors. It’s like your doctor prescribing you 4 Six Month Smile scoops of ice cream every day... Actually, the Beamer STL Soft Tissue Laser is even better than that! Excellent precision, outstanding reliability, easy to use, stable small footprint, the best customer service around, and a great price! ... And Never Gaining Any Weight! Unlike the ice cream, we guarantee you’ll never gain any weight with our laser. We also back our Beamer STL with a 90-day, 110% money back guaranty. If you can find any dental diode laser... at any price.. that can perform as well, is as easy to use, is calibrated as accurately and has our record of customer satisfaction and reliability we will take our Beamer back and refund 110% of the purchase price! #1 #1 #1 Every Beamer STL is hand calibrated by a PhD Laser Physicist Here’s what the experts say... Academy Laser Dentistry, Colorado Springs: “The day the Beamer arrived we had 5 other soft tissue lasers in use. By the second day, they were all collecting dust in the corner... the Beamer STL is the easiest to use and most effective soft tissue laser that we have worked with.” Centers for Dental Medicine: “After checking out all the alternatives, the Beamer STL was BY FAR the best of the bunch.” Recent article by Dr. David Winn, the first dentist in the US to own a dental diode laser: “... all diode lasers are not the same. Look for a focused beam based diode, not a bundled fiber diode. The best focused beam laser currently in production that we have tested, was a Beamer STL.” Woody Oakes, DDS, Publisher of “The Profitable Dentist” says... “...the Beamer STL is the best diode laser on the planet!” Call within 2 weeks, mention “TPD” and receive special training prices and finance offers! 866-848-5720 www.kingdentalcompany.com A Word from Woody I want to start out by saying, “Thanks” to our members who helped make our 20th Annual “Spring Break” Seminar the best ever! Megan, my wife, commented on what a nice, polite group of members we have. Certainly different from many other shows we have attended… and we have attended a lot! Brooke Mott (who recently joined our team) was in Cologne, Germany for the International Dental Meeting this year. It was a really exciting and educational trip. William W. Oakes, DDS Editor-in-Chief and wife, Megan Big things are planned for The Profitable Dentist and its members. Our goal is not only to grow as a company, but to add as much value as we possibly can for you and your practice! 6 S U M M E R 2 0 11 Regards, PS – For all of you who have asked, my “after” photo in the Cenegenics ad was NOT photoshopped in anyway! www.TheProfitableDentist.com istockphoto.com/ GeofferyHolman In The spotlight Six Month Smiles: Making Ortho Accessible and Profitable for Dentists Six Month Smiles, Inc. has changed the landscape of dentistry with the Six Month Smiles system. Orthodontics, an area that has been seemingly shrouded in mystery, is now accessible and profitable for any general practitioner. Dr. Ryan Swain founded the company in 2006 based on the premise that everyone should smile with confidence, even patients with crooked teeth who refuse traditional orthodontic treatment. Dr. Swain also believes that every general dentist should be able and equipped to help their adult patients with crooked teeth. The Six Month Smiles system provides a turn-key way for general dentists to get involved with fixed orthodontics. With over 1600 providers in 18 countries, Six Month Smiles continues to garner more and more momentum as general dentists look for ways to grow their practices and patients look for a reasonable way to improve their smiles. The Six Month Smiles movement has been recognized clearly within the dental community as something that has legs and will continue to alter the way that general dentists view orthodontics. With that in mind, I’d like to share with you “Woody’s top six reasons to become a Six Month Smiles provider”: 1-800-337-8467 #1 Provide a fantastic service for your patients with crooked teeth The Six Month Smiles system allows dentists to help their patients who are “stuck” with crooked teeth by providing them with a time sensitive orthodontic option that involves unique and tooth-colored brackets and wires. No previous orthodontic experience needed! #2 Grow your profits with an immediate return on investment Six Month Smiles providers are seeing huge numbers. Most providers charge about $4,300 per case and the dentist chair-time is minimal. Costs associated with getting started are minimal and can be covered with your first one or two cases. #3 Re-invigorate your team Monthly orthodontic adjustments have been described by some dental assistants as “arts and crafts in the mouth!” They love it! #4 Expand your service mix Adult patients rarely accept an orthodontic referral. When they refuse traditional braces, an attractive alternative can be provided. #5 Create raving fans of your practice Six Month Smiles patients are a unique brand of patients. They are incredibly thankful for the transformation provided to them and their excitement and enthusiasm is contagious. #6 Because everyone should smile with confidence General dentists finally have a focused, simple and predictable way to solve their patients’ orthodontic problems while growing their practices at the same time. S U M M E R 2 0 11 7 Editorial So What’s YOUR Excuse? by Dr. Woody Oakes L et’s face it… we now live in a world where virtually no one wants to take responsibility for their actions. Just watch the news each evening and you’ll see any number of celebrities and sports stars hiding behind their lawyers rather than “coming clean.” The sad part is that such behavior spreads to regular folks like our kids, our neighbors and even at times, ourselves. Every time I do a consultation with a struggling dental office, I keep track of the excuses I receive. The average number is about 20, but some offices give me a hundred excuses as to why their practice is in trouble. The following is a list of excuses for a closed mind. As you read the list, place a check by those that apply to you and your office. o We tried that before. o Our place is different. o It costs too much. o That is beyond our responsibility. o We are too busy to do that. o That is not my job. o It is too radical a change. o We do not have the time. o Not enough help. o That will make other equipment obsolete. o Let’s make a market research test of it first. o Our office is too small for it. o Not practical for our patients. o The ADA will scream. o We have never done it before. o It is against company policy. o Runs up overhead. o We do not have the authority. o That is too “Ivory Tower.” o Let’s get back to reality. o That is our problem. 8 S U M M E R 2 0 11 o Why change it; it’s still working okay. o I don’t like the idea. o You’re two years ahead of your time. o We’re not ready for that. o WE don’t have the money, equipment, room or personnel. o It is not in the budget. o Can’t teach an old dog new tricks. o Good thought, but impractical. o Let’s hold it in abeyance. o Let’s give it more thought. o Top management would never go for it. o Let’s put it in writing. o We’ll be the laughing stock. o Not that again. o We would lose money in the long run. o We did all right without it. o That’s what we can expect from the staff. o It’s never been tried before. o Let’s shelve it for the time being. o Let’s form a committee. o I don’t see the connection. o Patients won’t like it. o It won’t work in our office. o Maybe that will work in your office, but not in mine. o The doctor will never go for it. o Don’t you think we should look into it further before we move forward? o What do they do in our competitors’ office? o Let’s all sleep on it. o It can’t be done. o It’s too much trouble to change. o It won’t pay for itself. o I know a fellow who tried it. o We’ve always done it this way. Here’s the deal: instead of making excuses… why don’t you make solutions? As you look in the mirror each morning, take a good look at the only person who can stop making excuses and start making solutions – you! Now complete the “Master Dream List” on the next page and replace your excuses with your dreams! www.TheProfitableDentist.com Write down everything you’ve ever wanted, every place you’ve wanted to go, and everything you’d like to become or achieve. Date each item as you write it down. Remember to take off the judge’s robe and let your imagination run free. Give no consideration to limitations, money, education, ability, or what may seem illogical. This is a completely unrestrained, free-wheeling exercise in permissiveness, so make your list complete and continuous. Add to it daily, weekly, monthly, forever. (2009) longlens, Image from Bigstockphoto.com Master Dream List 1-800-337-8467 Now enjoy what happens in your life! S U M M E R 2 0 11 9 Practice management Can You Lie To A Druggie? by Dr. Joe Steven, Jr. Editor’s Note: A real time waster in many practices are patients who seek drugs, not dental care. If you don’t have a system to rid your practice of these folks… your productivity will suffer. Here are some thoughts regarding “Druggies.” 10 S U M M E R 2 0 11 About ten years ago, I was leading “Tiny” from the treatment room as he pulled me aside halfway down the hall to kindly ask for another prescription of Percodan. Tiny is a pretty unique kind of guy. He’s about 6’6”, 300 lbs. and well decorated with tattoos and attire that accentuates his role as a motorcycle gang member. One tattoo on his arm had me looking straight down the barrel and cylinder of a .38 handgun with the words beneath it that read, “I’m gonna kill sum’pun!” He bragged that he always dated nurses so that they could sew him up after fistfights. (If only one of my daughters could bring home a guy like that.) I had removed some impacted third molars and had prescribed Percodan for him. I refilled it a week later. After he went through that, he was back in the office because he was still having quite a bit or pain (so he said). After I quickly examined his mouth, I was pretty sure he was a druggie (what was my first clue?). He said to me in the hallway, “Hey Joe, can you get me another prescription for some of the Percodan?” I didn’t want to write him another one, but wasn’t really sure how to handle this one. All of a sudden, I embarrassingly said, “Tiny, I sure would like to help you out here, but I recently had a visit from a DEA agent because they thought I was writing too many prescriptions for pain medications. I think they’re crazy. But now, they watch me like a hawk, and I’m scared to death that I may lose my license if they see me writing too many scripts to the same patient. Now Tiny, I hate to lose a patient over something like this, but to be honest with you, I would rather lose a patient than my license.” istockphoto.com/ DNY59 I have used this approach a couple of dozen times, and every time I hear something like, “Oh doctor, I wouldn’t want that to happen to you. I’ll try to get by without it.” Not only do they not want to get me in trouble, they also don’t want any DEA agents to see their names again (it’s probably the latter). I have used this on druggies and also on very nice patients whom I felt were starting to get addicted. I’ve used it on friends and distant relatives. It works every time while preventing any hard feelings from erupting. Plus, this is the most efficient way to handle these timewasting patients. We’ve all had way too many patient visits that have annoyed us repeatedly while taking up our valuable time. As for the lying part, two DEA agents actually did pay me a visit because someone stole one of our Rx pads and forged my signature. So in a way, I kind of just stretched the truth with my elaboration. But it works. I never thought I’d be recommending lying to your patients, but in this case, I really do believe the end justifies the means! For more information, contact Dr. Joe Steven at 1-800-325-8649. www.TheProfitableDentist.com SUPER A Value up to “SIGN-UP” BONUS ! $912 • FREE Set-up ! • FREE List Purchase ! • 50% OFF Print Fees for Patient and/or “New Patient” Neighborhood Mailings ! (the first month) Valid for 30 days from issue date Now You Can GET New “Fee-For-Service” Patients and DOUBLE your Patient Referrals ... even in THESE TIMES !!! When you mail either or both of our PROVEN New “Fee-For-Service” Patient program or our “Retention, Reactivation and DOUBLE Your Referrals” system, you will build and grow your business even in this economy !! Our systems have been proven for years to get Dentists a steady stream of New “Fee-For-Service” Patients and increase their Referrals! “Patient Education Publications” For YOUR Specialty... Thousands of dentists over the years have increased their practices $30,000 to $80,000 a month, or more, with our “PROVEN” marketing systems FOR : • General Dentistry • Cosmetic • Sedation Dentistry • Invisalign • Cerec Dentistry • Orthodontic New and Transfer Patients • Implants Call Today for a FREE information packet to qualify you for the “Free Bonus” of $912. Stoneybrook Valid for 30 days from issue date. For new clients only. PUBLISHING, INC. 1-800-337-8467 “I wanted to let you know about the fantastic response we got from our very first mailing of your newsletters. My husband and I are in our 25th year and have done many direct marketing pieces over the years. Although we got responses, we never had so much positive response so quickly from any mailing ! We were swamped with “New Patient” phone calls for appointments and many comments from our regular patients on how much they liked the newsletter ! And to think, that this Great Response was from our very first mailing with you, in February 2010 when we had the biggest snow storm the northeast has seen in many years ! With Stoneybrook, I had confidence that you would do it and do it right because you are so experienced. That took the worry out of it for me, and of course, it ended up that you were right !” Drs. Jennifer and Jim Rice, Nellysford, VA (800) 736-3632 PDFP S U M M E R 2 0 11 11 Practice management The Five Most Overlooked Ways Receptionists Lose Patients In Every Practice And How You Can Help Them! by Chris Mullins, The Phone Success Doctor™ Lost Sales Opportunity #1: No greeting, or a bad one. In most businesses, greetings are somewhere between lousy and nonexistent. Receptionists usually sound like they just woke up, are bored to death, or are trying to get the patient (customer) off the phone just as fast as possible. One thing is for sure: They don’t sound like they’re ready to welcome your established patients or your prospective patients. Lost Sales Opportunity #4: Not asking “How did you find us?” You’ve no doubt spent thousands of dollars on lead generation to get your phone to ring. Now it rings. But no one is asking the question, “How did you find us?” You might as well take half the money in your bank account and flush it down the toilet. For countless thousands of years, humans have been conditioned to make instant judgments. It used to be a survival thing. Instead, now you should think of it as a business survival thing. Someone is going to form a “buy it or forget it” conclusion instantly. You need to track (call measurement recording) whether your new prospects came from your Yellow Pages ad, that new ad, radio, word of mouth, or whatever. You don’t need to interrogate them up front. Just somewhere in the conversation say, “By the way, where did you hear about us?” You should be looking for a report every day that lists the sources of that day’s callers. Try this: “Thank you for calling Dr. X’s office....This is Chris speaking How can I help you?” This should be done with a smile that says, “We’re here for you!” Lost Sales Opportunity # 5: Not repeating the problem. Lost Sales Opportunity #2: Not asking for the caller’s name. Many receptionists don’t ask for the caller’s name. This usually comes off as being rude, or at least not welcoming. Consider the upside, though: most people regard their names as the sweetest-sounding words in the English language. Asking for the name is a great way to begin building rapport and showing the caller what kind of business you really are: a friendly one. Insist that your receptionist asks for the caller’s name. Lost Sales Opportunity #3: Not using the caller’s name. “Mrs. Smith, welcome!” This is a brilliant move, because what you’re doing is telling her that she’s now a patient. If your business depends on scheduling appointments, you’re one step closer to the next appointment. This is a BIG DEAL, because in today’s world, many people aren’t really listening to what others are saying. When you repeat the problem, you’ve not only given the prospective patient a chance to correct any misunderstanding; but you’re also showing a rare courtesy. Are any of these “earth shattering” revelations to you? Of course not. But how many times in the last month – or even the last decade – were you blown away by the quality of a receptionist you reached? I bet you can count them on the fingers of one hand, with room to spare. Let others slice away their profits by competing on ever-lower prices. You should compete on something that’s not only free, but also extremely valuable in this fast-paced world: Great Wow Customer Service... starting with your receptionist... “The Front Desk Expert” also known as “The Dental Concierge Specialist.” Chris Mullins can be contacted at 603-924-1640 or [email protected]. Also visit her website at www.GreatBottomLine.com. 12 S U M M E R 2 0 11 www.TheProfitableDentist.com practice management Failure Factors istockphoto.com/ PeterBajohr by Vicki McManus Managing Partner, Productive Dentist Academy As achievers, we tend to focus on success; reading articles like “5 Steps to Total Freedom.” There are times when the best way to achieve success though, is to 1-800-337-8467 pause and discover what is holding us back! Katherine Kolbe, in her book “Instinctual Leadership,” writes about three failure factors: frustration, fatigue and fear. How do these manifest themselves in dentistry? More importantly, how can you combat them in order to make better decisions? S U M M E R 2 0 11 13 13 Frustration Each year, Productive Dentist Academy surveys its members to discover their current stressors. Over time we’ve discovered that dentists are frustrated on many levels: • Restrictions on delegation based on state legislation. • The speed of changing technology. • With equipment purchases promising to be the silver bullet to their success, only to sit idle in a corner. • Inability to balance personal and professional lives. • Staff who interview well, and seem to fall short of expectations 90 days later. • Working harder than ever for less money. 14 Fear • Having to “market” to gain patients – and getting mixed messages about what marketing works. • Patients not accepting treatment; elective cosmetic procedures decreasing 30% in the past 3 years; patient financing tightening. S U M M E R 2 0 11 • Lack of business preparation, and ability to understand benchmarks of success. Sound familiar? Regardless of the economic mood of the country, these frustrations exist in our industry and hold you back from being more productive. We’ve found that stress is the #1 killer of productivity; anything that stresses you, the patient, or your team, automatically draws focus from your day. What you can do: start thinking of these frustrations as “training opportunities.” Once you’ve identified the source of the concern, you can take action to minimize the impact on your practice. There’s a reason the schedule isn’t filled, the equipment is sitting in the corner, and cash-flow is faltering. Sometimes a simple conversation with your team can get you back on track – other times it is helpful to have an outsider take a look and help place priority on changes. Fear manifests itself in many forms. Primary fears that we’ve identified at Productive Dentist Academy are: financial fear, confrontational fear and fear of success. We’ve polled more than 500 dentists during live seminar events, to discover that only 30% of attendees create an annual budget! Of those that create a budget, only 1/3 of them reconcile with actual spending on a monthly basis. Depending on your accountant to reconcile the books and give you a report (often 2-3 months later) is like driving a car using the rear-view mirror. The uncertainty of cash-flow creates massive stress and poor decision making. The second most predominant fear is the fear of confrontation. This prevents dentists from being honest with their patients, their team and (believe it or not) themselves! Diagnosing, treatment planning and conveying comprehensive care to patients is scary for many dentists. Lack of verbal skills creates failure in two ways – either being too technical and overwhelming patients, or remaining silent about needed treatment and sharing only what you think the patient will accept. The good news is there is a way to appropriately convey your message without blowing patients out of the water. Learning the skills to appropriately communicate with patients has a beneficial impact on team communications. The third fear seems unlikely on the surface: fear of success? Never! Before you make that declaration, consider that the ADA estimates that 95% of dentists cannot retire with financial security at age 65. Many practitioners have limiting beliefs and mixed messages regarding profitability. One way of combatting this is to take a close look at your cost of doing business – include all start-up costs of time, education, equipment, and then treat these costs as investments. By our calculations, most practitioners have www.TheProfitableDentist.com “As my partner Bruce Baird often says, ‘As dentists we tend to burn out every seven years, and want to open a Quizno’s or Jiffy Lube – anything seems easier than dentistry’.” a minimum of $1,000,000 invested in their education and business – when they start their career! Give it twenty years, and a few advanced continuums and this figure grows substantially. By setting a minimum goal of achieving a 15% return on your investment, many dentists would see that as a business leader, they have a responsibility to pay themselves just as they’d pay an associate dentist AND create an additional profit based on the investment they’ve made. Otherwise, why would you become an owner? Why not work for someone else who is willing to create abundance and guarantee your income? What you can do: Work with your coach, accountant, financial planners to determine your break-even point. At PDA we call this your PIP (profitability incentive point). This includes the collections needed to pay all practice overhead, the dentist as if she/he were an associate in the practice, as well as owner’s ROI at a minimum of 10% collections, and adopting a reserve fund for future upgrades. This is very different than traditional “BAM” formulas that estimates overhead based on a formula of staff salaries times a variable (4.5 – 5). That outdated formula oftentimes does not consider the full overhead of the practice. Fatigue Fatigue presents itself in two ways: emotional and physical. Oftentimes, the emotional fatigue creates the physical discomfort and is closely related to the internal fears being carried by the dentist. As my partner, Bruce Baird, often says, “As dentists we tend to burn out every seven years, and want to open a Quizno’s or Jiffy Lube – anything seems easier than dentistry!” Truth is, even 1-800-337-8467 though the economy has taken a tumble since 2009, for dentistry, most areas of the country have faired well. Many PDA members actually report increases in productivity. How can this be true? The key is to focus on your energy and how your time is scheduled. Out-of-control scheduling creates a roller-coaster effect of high and low productivity. Haven’t you noticed that some of the most exhausting days are also some of the least productive? During the previous seven years, we’ve noticed an inverse relationship between productivity and fatigue – the more you produce, the more energy you have! That is a bold statement, yet we see it time and time again. Dentists producing $450 per hour report much higher stress than dentists producing $750 per hour. The reason is that in order to increase productivity, the entire team has to begin thinking in a different way. Systems are enhanced to create smoother workflow, and you begin scheduling for productivity, not time. Once you understand the concept of scheduling for productivity, you’ll find that you have more time than you ever did using the traditional “x” and “/” system of filling the book. The flipside of the fatigue coin is that once you begin producing at $1,000 or more, you may need additional down time to refresh your senses. Productivity gives you freedom; the freedom to earn more, save more, and have more time with family. The choices are up to you. We typically see productive dentists reducing their work week or taking more frequent vacations. What you can do: Unlike previous “shrink to greatness” theories that circulated in dentistry or the knee jerk reaction of hiring an associate when you feel tired or busy, Productive Dentist Academy takes a systematic approach to increasing productivity, stabilizing the practice, and re-assessing before making recommendations for reductions in time, or adding providers. It is possible to produce $1.8 million per year (personal production not including hygiene). This can be done over the course of 4 days per week or in as little as 2 days per week with proper systems in place. The first step is to get clear on what you want to achieve, and more importantly, why! Work backwards to identify your current areas of fear, frustration and fatigue. Now you have the ability to ask better questions, identify continuing education programs and access resources that can help you get past your failure factors. Vicki McManus is one of the nations’ leading dental business coaches. For a free copy of Productive Dentist Acaedemy’s: “Three Ways to Kill a Recession,” visit www.productivedentist.com. About PDA: The Productive Dentist Academy is helping dentists across the country boost their production and dramatically reshape their bottom line. Now, in just months, you can raise your production by a minimum of $300/hour and learn how to keep your production healthy for life. PDA provides bona fide, “inthe-trenches” solutions that will lead to a surge in your production regardless of where you practice. Their next workshop is July 21 - 23, 2011. For more information, call 800.857.6077 or visit www.productivedentist.com. Special Offer for Profitable Dentist Readers: SAVE $400 on doctor tuition Promo code: PDA2011 S U M M E R 2 0 11 15 (2006) jlgoodyear Image from Bigstockphoto.com Practice management by Ken Runkle America’s Profitability Expert™ Re ce Yo ss ur io n of ro e -P tic ac Pr B ased on the last recession in America, one can assume that the current recession may last a few years. For many in the business world, including dental practitioners, a few bad years can devastate a business. However, during the last two decades of working with dental practices, we have discovered ways to avoid potential ruin in difficult times. Statistically, twenty percent of businesses will inevitably fail during a time of recession. If you want to be among the twenty percent that fail, you may want to stop reading now. Statistics also reveal that sixty percent of businesses during a recession will neither grow nor fade, they will simply remain flat. For a practice with a leader committed to growing, that is unacceptable also. Finally, these same statistics show that twenty percent of businesses will turn lemons into lemonade and grow during a widespread recession. If you would like to join the twenty percent of dental practices that will grow over the next few years, you may find this article helpful. At Paragon Management we have resolved that we will refuse to participate in regular business cycles of boom or bust and growth or recession. Regardless of the economic environment, we will grow and thrive as we help dentists and dental practices do the same. In fact, we are so committed to this approach that we have a beautifully framed announcement in our office declaring, “Paragon does not participate in recessions.” Through our commitment to help our clients withstand the challenges of a rough economic environment, we have discovered eight critical and proven keys to recession-proofing a dental practice. Implement all eight and you may join the twenty percent who will grow and thrive during these tough times. Ignore and discard these key principles and you may find your dental practice in need of a bailout. 16 S U M M E R 2 0 11 (2009) Habman18 Image for Bigstockphoto.com www.TheProfitableDentist.com 1. Be Optimistic In the book, Learned Optimism, author and researcher Dr. Martin Seligman, shares research revealing that optimism is the most important indicator of success and failure. During the Summer Olympics of 2008, I caught an interview with Dr. Seligman on SportsCenter as he was discussing the incredible success of Olympic phenomenon Michael Phelps. In referring to Phelps’ closest race in which he trailed going into the final stretch, Dr. Seligman shared a conversation he had with his wife. As Phelps fell behind in the race, Dr. Seligman’s wife asked him if he thought Phelps would win. Dr. Seligman expressed confidence that Phelps would certainly win. Phelps won at the last micro-second and Dr. Seligman went on to share his secret knowledge of this incredible athlete. During an optimism study of high school athletes a few years before the Olympics, Phelps recorded one of the highest Optimism Quotient scores of any high school athlete. Dr. Seligman knew Phelps’ incredible optimism would carry him to a victory regardless of the challenge. In dentistry, an optimistic attitude creates focus and belief that can propel an entire dental team even when the outlook is bleak. We have seen Dr. Seligman’s research proven over and over by the dental practices we have had the privilege of serving. It is important to note that the doctor, as the practice leader, is the mood ring for the entire practice. His or her attitude permeates the entire staff and patients, inevitably impacting the bottom line. Dentists with a high Optimism Quotient breed dental practices which will be much more successful than those who choose to share in the pessimism of a world drowning in doubt. It pays to be optimistic. 2. Be Logical Rather than Emotional Don’t be ruled by what I call the “Las Vegas experience.” With an understanding that I am not endorsing gambling, consider the following illustration. You and two friends fly to Las Vegas for the weekend with a few dollars burning holes in your pockets. You agree to limit your risk to two thousand dollars each, win or lose. By the second day, you are on a roll and now have ten thousand dollars. Friend number one miraculously discovers a once-latent Midas touch and now has twenty thousand dollars, while friend number two has had modest gains and is now up to three thousand dollars. You are all doing well, but you and friend number one seem to have discovered the secret to beating Vegas and are considering leaving your dental practices to gamble full time. By the end of your trip, reality has settled in. You and friend number one each end your time in Vegas with four thousand dollars. With a few more lucky hands, friend number two was also able to get to four thousand dollars. 1-800-337-8467 Even though you doubled the two thousand dollars you brought to Vegas, you still feel disappointed thinking to yourself that you really lost six thousand. Friend number one is on the verge of depression and is making calls back home complaining that he lost over sixteen thousand dollars during his weekend. Friend number two is at the bar buying rounds of drinks and celebrating how he doubled his money. Even though the end financial gain is the same for each, emotion has trumped logic. What does this have to do with dentistry? You may have had a terrible November, but overall you had a fantastic year. Don’t let one month tax your emotions when overall you’ve made a gain in the present economic environment. You may have had a bad financial day, but over the last few months your practice has grown. Stay grounded in the logic of the overall numbers and results. Do not be ruled by the emotions of the moment. 3. Invest in the Practice A noticeable difference arises between managers and leaders during tough economic times. When revenues fade, managers begin immediately cutting expenses. The question they ask is, “How can we cut expenses to meet revenue?” Leaders ask a different question. “How can we grow revenues to exceed expenses?” Leaders begin looking for places to invest in the practice with the goal of growing during down times. Here are four areas to consider for strategic investment: Marketing. As others pull back marketing efforts, it’s a great time to grab more local market share and increase your patient base. Continuing Education. Making yourself a more complete and better dentist may not create an immediate impact, but long-term you and your patients will be thankful. Do not forget to grow your dental team in this area also. Equipment and Technology. Down times present a buyer’s market for investing in equipment and technology. You may discover some great deals on equipment as inventories remain stagnant. Professional Services. Invest in a dental management or consulting firm to help you grow. 4. Play your “A” Game During a booming economy, you can afford to be sloppy and let things slide. However, when your patients tighten their S U M M E R 2 0 11 17 Practice management purses, you must have flawless execution with your systems, communications, time management and case acceptance. Consider this example. Most people eat out at a restaurant at least once a month, or twelve times a year. Let’s assume this year you can only eat out one time. Which restaurant will you choose? Will you choose a restaurant that has ever left you with a bad taste? Will you choose a restaurant that is too slow, sometimes gets your order wrong or is hit and miss with food quality? No. You will choose a restaurant that you absolutely know will get it right by creating a fantastic environment, delivering great food and providing a fulfilling evening for all. When purses tighten, there is no longer any room for mistakes. 5. Remove Anything Negative in your Practice As patients linger in your waiting room, what are you communicating through the media available to them? Are newspapers, magazines and television news feeds pummeling them with bad news about the economy? Is that a message you want to reinforce with those about to purchase your services? Difficult financial times demand that your practice rid itself of anything negative… including people. Your dental team must understand that you are selling dentistry and only happy people sell dentistry. As painful as it may be, it is most critical during times of struggle that you purge your practice of negative people. The ultimatum is simple, “Get happy or get another job.” For some of you, this concept may seem like positivethinking hocus-pocus. I would highly encourage you to reconsider the power of expectations. Twenty-four years of working with great dentists has taught me that the ultimate soft-tissue program is the soft tissue between your ears that you personally need to manage. How do you change your expectations? Here are four proven steps: 1. Write down your expectations. 2. Submit your expectations to loved ones and trusted advisers. 3. Read your expectations on regular basis. 4. Start to say your expectations out loud. It is crucial to always say what you expect. A final note on expectations: if you are spending time with people who will not allow you to expect your dream, you need to find new friends who will constantly support and encourage you to reach your dream. Find a network of successful dentists who will challenge you to greater levels of success. 8. Always be a Giver 6. Be Creative Financially Isaac Newton declared that, “for every action there is an opposite and equal reaction.” The Bible says, “whatever a man sows, that also will he reap.” In today’s dental environment, many options abound for creativity in helping patients pay for dentistry. CareCredit and other financial service companies can greatly help your practice find an upward growth curve while other practices slide. Now is the time to investigate and promote those options with your patients. In the world of dentistry, you have a unique opportunity and privilege to be a giver. Whether you take a mission trip to help those whose lack of dentistry could be life threatening, or you enjoy regular trips to the inner city to serve the underserved, I would encourage you to find a place to invest your gifts in humanity. Also, as patients struggle financially, it is a good time for the front office to show some creativity and flexibility with long-term patients. Once you have conducted a Verification of Insurance with patients who have proven faithful over the years, you may want to show flexibility with their co-pays. They will be grateful and you will build raving fans who have the potential to be future referral magnets. Why should you consider being a giver? You always reap what you sow, making most people’s lives a direct result of their giving. Giving also has the power to contextualize you as a human being. It connects you with the struggles of humanity, thus making you more compassionate, empathetic and understanding with your patients. Being a giver makes you a better dentist. 7. You Are What You Expect. Based on years of research and experience, I have discovered that you get what you expect in life. If you expect to live to be over one hundred years old, you will probably wake up one day smiling as you celebrate your one-hundredth birthday. The same holds true for dentistry. If you expect to have a two million-dollar practice, chances are good that you will make it. If you expect to have a one million-dollar practice, 18 your bottom line will eventually match your expectations. S U M M E R 2 0 11 In the end, twenty percent of you reading this article will refuse to give in to the recession and will instead see it as an opportunity to grow your practice. Don’t let anyone convince you that bad economic times necessitate a financial struggle for your practice. Decide today that you will not participate in recessions. Go for it! Ken Runkle, America’s Profitability Expert™, is the founder and president of Paragon Management, Inc. and has been helping dental practices reach peak profitability for twenty-four years. You can find out more about their approach to practice management at www.theparagonprogram.com or by calling 800.448.2523. www.TheProfitableDentist.com Practice management istockphoto.com/ frentusha Help for Those Drowning in Debt by Sally McKenzie, CEO I t’s the skeleton in the closet that few doctors want to talk about. They may lament that the schedule has been spotty. They may acknowledge that treatment acceptance isn’t within striking distance of the pre-2008 heyday. Those are areas over which they feel they have had little control. Bring up the issue of “doctor debt” and most want to change the subject to just about anything else. Why? You probably know the answer. Many dentists are carrying between $300,000 and $500,000 in debt from business credit cards, equipment leases, lines of credit, loans, mortgages and the list goes on. In some cases, it’s simply been the cost of doing business, in others, it’s poor financial management. But living through the Great Recession has stripped away the veil and revealed serious system shortfalls that practice bottom lines can no longer absorb. Many dentists will sense that “things just aren’t right,” but it isn’t until they stand toe-to-toe with serious financial struggles that they realize the way they’ve always done things no longer works in the new economy. Change is Here Consider the case of “Dr. Tom.” He has been in practice for more than 20 years in the upper Midwest. His practice has been pounded by monthly debt obligations that were topping out at nearly $8,000. Dr. Tom said that over the past couple of years, the only thing he could count on in his practice was writing check after check after check on a seemingly endless string of debt obligations. Overhead was pulling him under. He had to make significant changes; not only in his debt obligations, but in the way he ran his practice. It’s the latter that often proves to be the greatest challenge for doctors to come to terms with. They are eager to get their financial obligations under control. But the real work of digging into practice systems and improving the daily operations is what will ensure that the doctor doesn’t find him/herself drowning in red ink down the road. More and more dentists are eager to gain control of their finances and thereby regain control of their practices. The key is to address the situation before it gets out of hand. Joe Flumian, McKenzie Management Vice President Practice Solutions, specializes in helping dentists improve their cash flow and has helped dentists at all stages of their careers effectively address the debt that for many has spiraled out of control. The first step is to come face-to-face with reality. “It begins with conducting a cash flow assessment in the practice. That means logging the numbers for net production and collections over the last 12 months, the percentage of accounts receivable over 90 days, total monthly payments on leases, loans, and business credit cards. In addition, doctors need to look at their average monthly payments to the lab, dental supplies, salaries, taxes, and benefits as well as monthly facilities costs and all those miscellaneous expenses that tend to add up.” Early in their careers, many dentists lock into a pattern of running their systems that consistently yields lackluster results. During robust economic times, the inefficiencies are masked. From there, it is a matter of evaluating each individual dentist’s situation. “We may look at consolidating all of the doctor’s loans and refinancing them at a lower rate. In some 1-800-337-8467 S U M M E R 2 0 11 19 cases, it is more cost effective for a dentist who is leasing an office to purchase the space. When refinancing, we like to look for loans that allow for additional principal payments, which will effectively lower their interest rate over the long term.” In some cases, the doctor refinances at a lower interest rate and with a longer term. Mr. Flumian notes that terms on average are 10-25 years based on the individual doctor’s situation. He says that most struggling practices can get help as long as the situation does not get too far out of control. “If the dentist has started to miss loan or credit card payments, if they have lost their home to foreclosure, or if they have defaulted on a loan, the doctor may be beyond the point of no return. The key is to be proactive.” Once the stress of the debt obligations is reduced, then the doctor can focus on improving practice systems. For Dr. Tom, who was shelling out close to $8,000 per month, he has reduced his debt obligation payments to just over $5,000 a month and is in the midst of overhauling his management systems, which is expected to increase his profits considerably. When the practice management systems are running at maximum efficiency the typical practice can expect to increase revenues from 25-35% within 60 days. System Scrutiny There are 22 systems and dozens of variables that affect your practice, all of which require ongoing assessment and monitoring. Effectively managing those systems goes hand-in-glove with controlling practice overhead. But it won’t happen overnight. You’ll need a strong commitment, a solid plan, and possibly outside assistance to achieve your practice profit objectives. The process begins with taking a good look at expenses and setting goals. Your practice is constantly funneling money into five major areas: facility (rent/utilities), staff salaries (employee taxes & benefits), dental supplies, laboratory, and miscellaneous. To come within striking distance of the 55% overhead goal, start by establishing the following budget targets: Dental supplies - 5% Office supplies - 2% Rent - 5% Laboratory - 10% Payroll - 20% Payroll taxes and benefits - 3% Now you now know where you’re headed, but how do you get there? Rent – If you’re already up to your neck in facility debt, consider renting a portion of the space to another dentist and explore refinancing options. Staff Payroll - If your payroll costs are crushing your profits, here’s what may be happening: You have too many employees. Raises are based on longevity rather than productivity/ performance. Hygiene production is low. More staff does not guarantee an improvement in efficiency or production. It does, however, guarantee an increase in overhead. When determining the need for more front desk staff, look at check-in and check-out. Typically, these administrative tasks take approximately 10 minutes per patient. If your practice is seeing 15-22 patients per day, which would total 150-220 minutes of patient contact, one person should be able to effectively manage the front desk duties. If that person is spending more than 240 minutes handling patients, or half the day, the practice should consider hiring an additional employee. As for assistants, if the procedures are streamlined, one assistant can efficiently maintain two treatment rooms for a general dentist using two operatories and seeing 13 or fewer patients a day. This would include setting-up the room, seating the patient, assisting the dentist, dismissing the patient, and cleaning-up. Performance-based Pay Tie raises to performance, and raise – or perhaps establish – performance standards. Set guidelines for raises when you hire an employee and explain to current staff when raises can be discussed and under what conditions they are given. Make certain your employees know what is expected of them. Like you, they appreciate knowing what the rules of the game are. Job descriptions are a must for everyone. Use performance measurements to determine raises. While there are any number of models out there, systems that are based on individual jobs and focus on specific job-related goals and how those relate to improving the total practice are the Miscellaneous - 10% 20 S U M M E R 2 0 11 www.TheProfitableDentist.com most effective. And if the practice is losing money, employees do not get a raise, plain and simple. Hygiene – Appearance vs. Reality Another major contributing factor to inflated overhead is low hygiene production. Typically, this is the result of a malfunctioning recall system and lack of accountability. The hygienist’s salary should be no more than 33% of her/his production (excluding doctor’s fees). If the hygienist receives a guaranteed salary, the expectation must be that she/he produce three times her/his wages. The key to achieving that is the hygiene schedule as well as proper assessments, diagnosis and gaining treatment acceptance of interceptive periodontal treatment. Hygiene schedules frequently appear to be overbooked. But practices pay scant attention to those holes that creep into the workday. If patients aren’t in the chair, the hygienist can’t meet production goals, plain and simple. The practice should designate a Patient Coordinator. This is the point person who is responsible for keeping a steady flow of patients streaming into the hygiene treatment rooms through a solid recall system. Their job has an enormous impact on production/overhead as long as this person isn’t also expected to perform other “menial” tasks as an assistant to another front office employee. Pay attention to perio. There are several ways to incorporate an interceptive periodontal program into the practice. I recommend you start at the front. The business assistant greets the patient upon arrival and mentions the program. She hands the patient a questionnaire and a brochure with a checklist educating the patient on the importance of addressing the signs and symptoms of gum disease. The patient checks any symptoms they have experienced, which opens the door for discussion in the treatment room. Supplies and Demands Supplies should run about 5% of monthly collections. If yours are higher, first make sure you are budgeting these expenses and giving clear direction to the person – not persons – ordering supplies about how much should be allocated for this. Work with your dental supply company and dealer representatives. They are very willing to help you get your supply costs to 5%. below that, it typically means that the amount of crown and bridgework you’re diagnosing, selling and completing falls short of the standard. You may need to examine diagnostic approaches and treatment presentation skills. If your laboratory expenses are over the 10% benchmark, the business employees are probably not collecting from patients. This can further exacerbate overhead problems because the practice has paid out lab charges without the requisite collection from the patient. Consequently, the more lab work you do, the more it costs you. This requires a financial policy and clear collection procedures. Miscellaneous – This category often includes many little items that add up to big bucks – malpractice insurance being one of those. The annual premium is often paid with little thought and no effort to shop around for a more affordable plan. The same holds true with medical coverage, business, and overhead insurance. Check out your accountant’s fees as well. Are you paying a $300-$500 retainer each month for services you’re actually receiving? No question, many of the items in this category are necessary, such as professional fees, telephone, continuing education, association dues, repairs, advertising, etc. Nonetheless, pay attention to what all those little percentage points are adding up to and ask questions. Be consistent. Monitor the systems. Avoid the temptation to get comfortable when you begin to experience the success of your efforts. Controlling overhead requires constant vigilance or before you know it, high overhead will start to pull you under again. In some cases, it’s best to bring in outside professionals who can objectively assess where your systems are selling your practice profits short. Sally McKenzie is a nationally known lecturer and author. She is CEO of McKenzie Management, which provides highly successful and proven management services to dentistry and has since 1980. McKenzie Management offers a full line of educational and management products, which are available on its website, www.mckenziemgmt.com In addition, the company offers a vast array of Business Operations Programs and team training. Ms. McKenzie is the editor of the e-Management newsletter and The Dentist’s Network newsletter sent complimentary to practices nationwide. To subscribe visit www. mckenziemgmt.com and www.thedentistsnetwork.net. She is also the Publisher of the New Dentist™ magazine, www.thenewdentist.net. Ms. McKenzie welcomes specific practice questions and can be reached toll free at 877-777-6151 or at [email protected]. Lab – The standard for laboratory expense is 10% of gross production, assuming that 30-40% of your production involves crowns, bridges, partials, etc. If your laboratory expense is istockphoto.com/ RedHelga 1-800-337-8467 S U M M E R 2 0 11 21 The Sheet of Paper that Saved 1500 Lives istockphoto.com/ linearcurves by Dr. Chris Griffin I often lecture on the need for dentists to make the lives of their dental assistants easier, thus making their own lives easier in the process. Surely we can all agree that the job of performing dentistry, just as performing medical procedures, has gotten more and more complex. Medical advancements have gotten so complex with so many different steps that must be performed precisely that relying on simple human memory to get the steps right 100 percent of the time is really asking too much. This was proven true recently in the world of medicine and dentistry is not far behind. hundreds of steps required in many procedures without ever making a mistake? No, not humanly possible. However, the good doctor had a simple idea that would rock the foundations of organized medicine throughout the country. In his book The Checklist Manifesto, Dr. Atul Gawande recounts the story of Dr. Peter Pronovost, a physician at Johns Hopkins Hospital. Dr. Pronovost had observed that the infection rate for his department was far higher than what he deemed acceptable. The infection problem had gradually gotten worse as the sheer amount of information that doctors and nurses were expected to remember had grown. It seemed to him that all the complex procedural requirements had led to staff members at the hospital neglecting or forgetting even simple steps in the prevention of infections. That idea was so simple that it would even fit on one sheet of paper. In fact it was a single sheet of paper. A simple checklist. He wanted to fix the problem, but how could he? Could he go back to the dark ages when medicine wasn’t so darn difficult? No. Could he magically make all the doctors and nurses remember the If you miss one key thing, you are just as bad off as if you didn’t even do anything to begin with. 221 - 8S0U0M- 3M3 E7 -R8 426071 1 Why did he think a checklist would solve his problems and save lives that shouldn’t have been in peril? • Medicine is complex • Human memory is naturally flawed in stressful, complex environments • Distractions add to the mix and make mistakes even worse. Now to the uphill battle. He faced criticism from his S U M M E R 2 0 11 22 Practice Management friends and colleagues who were offended that he would even suggest that they needed checklists to do their jobs. Their argument was that doctors and nurses were too pressed for time and overwhelmed with patient procedures to do a checklist. They said that there simply wasn’t time to fill out another useless piece of paper that wouldn’t have any real effect (in their opinion) on the patient or the treatment. Dr. Pronovost didn’t give up that easily. He believed his little piece of paper could do great things if implemented with every single patient setup. He persuaded and persuaded. Finally his pestering won out and the hospital agreed to test it out. The results were amazing and almost beyond belief. The infection rates at the hospital went to virtually zero. The hospital estimated that during the test phase, they had saved millions of dollars, not to mention the lives saved. Next the whole state of Michigan wanted in. They hired Dr. Pronovost to come and implement his checklist system in all their state run hospitals. These hospitals had some of the worst infection rates in the country at the time. These were the conditions he faced. • Morale in those hospitals was low • Lots of poor patients with short staffing • Lots of stressed out doctors and nurses • Auxiliaries being paid too little and asked to do too much This posed a true challenge for 23 S U M M E R 2 0 11 sure. He dug in and went to work anyway. Before long all the hospitals in their fold had fully implemented his checklists. Now, they just had to figure out if his simple little piece of paper would work there as well as it had at Johns Hopkins. Well, it did. When all the dust cleared, the state of Michigan estimated that it had saved over one hundred million dollars and at least 1500 lives. All this because of a “stupid” little piece of paper. How can we apply all of this to dentistry? Even though we don’t face situations in which our patients’ lives are daily endangered because of our procedures, we do face similar situations. Our dental auxiliaries are often asked to remember too many little details. Even our most common procedures have an amazing amount of detail that didn’t exist in the good old amalgam and extraction days. We ask and expect a lot. We also think that we don’t need another piece of paper lying around to add to our mountain of paperwork. I don’t want to add to our paperwork dilemma any more than the next dentist, but the value that is derived from using checklists has to be considered. The benefits far outweigh the downside. Just think about it. How many times have you gone into the operatory as the doctor, sat down, picked up the drill, gone to work, and had to pause or stop a procedure, awkwardly, because a particular supply or piece of equipment was either missing or not working properly? I’ll wager it’s happened more than you would like to admit. I know it used to happen to me quite frequently. A checklist takes all the guesswork out of the equation. I often say in my seminars that the checklist “glues the assistant to her seat” during the procedures. No running down the hall or calling for another paid employee to fetch an instrument that was erroneously left off the setup. No doctor sitting there chairside with a motionless drill in their hand while the patient gags on a cotton roll while the assistant is off retrieving something that shouldn’t have been forgotten in the first place. The checklist for each procedure is now an integral part of everyday life at Griffin Dental. I wouldn’t know how to practice without them. They give me the confidence that I can swiftly and easily move from room to room without delay. I can also trust that my superstar staff has gotten everything precisely right each time. Do we still occasionally mess up? Sure, human nature will sometimes lead to even overlooking an item on the checklist, but 99.9% of the time, we get the setup exact and perfect. That makes me happy. Checklists are one of the 4 backbones of our clinical efficiency protocol that allow us to completely maximize our production and our time at the office. Whether quality, efficiency, decreased stress, increased production or something else is your primary motivator; checklists should be part of your practice today. If you would like to see exactly how we develop and implement checklists in our office we have created a video to help you with all the little tips and tricks that will help you get these little miracles into your office right now. Just go to http:// thecapacityacademy.com/checklist to watch the video. Dr. Griffin can be reached for questions at [email protected]. www.TheProfitableDentist.com Fo llo w th istockphoto.com/ CDH_DesignCDH_Design e Leader W hat is a leader? Is it the person in charge? The person who controls what goes on and manages the people? Is it the person who belts out orders and gives deadlines? Well, yes and no; a leader may be the person in charge, gives deadlines or manages people, but there are ways to be a successful leader and not a tyrant. “Leadership is the art of getting someone else to do something you want done because he wants to do it,” according to Dwight Eisenhower. But how do you make people want to do things your way, and what makes a good leader? Even as a child, being a leader is important. For example, I wanted to be the leader in the lunch line in 24 S U M M E R 2 0 11 kindergarten. The line leader was really just the person at the front of the line, but still, it made me feel important to be in the front. I liked knowing that the group might not get to the destination without me. In reality, the kids would have made it just fine to the lunchroom without me leading them there. But, would it have been the right way to get there? Probably not… With me standing in the front of the line, they could mimic my behavior; hands to my sides, not talking, and walking instead of running. Without me it could have been complete chaos, my classmates could have been running, yelling, and not been in a single file line! So yes – they could have gotten to the lunchroom, but I showed them the most by Brooke Mott efficient way – I led them. This example, being somewhat silly, follows the same lines as being a leader of your team or practice – you have to lead by example, be a role model for your staff. Obviously, you aren’t leading a group of squirrely kindergartners to lunch; more importantly you are leading your team to your vision. As a leader you should have a clear vision and be taking steps toward that vision. A successful leader should have a list of rules for themselves, similar to their expectations of their team. The list varies by leader, but in my opinion all successful leaders should possess the following traits in order to have people to lead. It is hard to be a leader of no one, and not much gets done if you have to do it alone! www.TheProfitableDentist.com ○ Honesty – No one wants to follow a leader who is deceiving them. As the old saying goes, “Honesty is the best policy.” If you are manipulating and lying to your team about progress, or what is expected of them, your team is going to slowly leave you behind. People feel respected when they know what they are being told is the truth. Does the truth always have to be good? No, some truths are not. Being deceptive about issues only makes those issues more complicated. With that being said, if a truth could cause complete panic and breakdown of your team; you, as the leader, need to find the appropriate way to discuss those issues. Believe me, there is nothing wrong with evaluating the situation and your team before dropping a bomb on them. ○ Competency – Know something about what you are leading or managing. If you do not know what you are doing, or about the product you are working with, how do you expect your team to know? Do some research and ask questions of people who have done it before. Educating yourself on things you don’t know or understand only makes you a better leader. If you are knowledgeable, that is great, but be open-minded to what your team thinks, ask them questions and get them involved with the decisions. ○ Listen – If you are going to ask what your team thinks, listen to them. It does not matter if you agree with everything they say. By simply listening to people, you make them feel important. People who feel like they have played a role in decision making are more interested in completing tasks and duties. Brainstorming techniques are great for this reason because you have to listen to other people’s ideas. Getting feedback from everyone not only gives a plethora 1-800-337-8467 of ideas, but also gets your team working together. There is no "I" in team, and if your team is only working as individuals – not much is going to get done. ○ Dedication – If you are not dedicated or passionate about what you are doing, you are doing the wrong thing. Who wants to work for or follow someone who does not care about the idea or project? No one does. You should not expect your team to care about, or be inspired by, something that does not interest you. If no one is interested, you can fully expect failure. Your team may not initially have an interest in your idea or project. But if you commit yourself to it, get creative, set goals, and make the project sound fantastic; people will want to be a part of it. People thrive at being a part of greatness. If everyone is excited about it and finds something about the project that clicks with them then the project’s ultimate success or failure will not really matter, because the project itself becomes a part of you and, overall, a success. a thank you or a please can take you. Revert back to manners 101 that your mother taught you. ○ Delegate – You are not a successful leader if you cannot delegate duties to your team. In fact, what is the point of having a team if you are going to do all the work? Efficiently delegating is not spouting orders randomly. In a team everyone plays a role and everyone is “in charge” of certain tasks. This particular trait itself can be a struggle for some because of the idea, “I want it done my way.” Well that is fine and dandy, except there might be a better way. George S. Patton once said, “Don't tell people how to do things, tell them what to do and let them surprise you with their results.” Everyone has their own system of doing things. It doesn’t mean they are doing it wrong, it is just “Leadership is the art of getting someone else to do something you want done because he wants to do it” ○ Humility – Give credit where credit is due. As I said, there is no "I" in team. Without your team, you probably will not be as successful. Let your team know how much you appreciate them. People like to know they are doing well, and they like to know where they stand as an employee. If you are not giving your team or your employees recognition, their thoughts of you will not be positive. There is nothing worse than being the employee who worked above and beyond for their boss’s project and did not get credit, not even a thank you. You would be surprised how far Dwight Eisenhower a system for that person to get the job done right and more efficiently under their terms. You are the leader, so tell them what to do and when to have have it completed, but let them be somewhat creative with how they are doing it, that is not to say that they don’t have to follow certain guidelines. ○ Assertiveness – This goes right along with delegating. Be assertive, set rules and guidelines as to how you want the tasks completed. There has to be boundaries and it is your job to make sure the team is staying within those boundaries. It is not teamwork if people within S U M M E R 2 0 11 25 your team are doing whatever they want, this can lead to the breakdown of your team. It is important to address these issues right away. Those team members who are disrupting the flow are not not going to fix themselves. Take control of the situation and resolve it before you lose control of your whole team. ○ Sense of Humor – Who likes to be around someone who can’t laugh? Especially at their own mistakes? Frankly, if you are expecting no mistakes to be made from time to time, you must be leading robots. People make mistakes, that is what makes them human. Plan on a mistake, especially in the beginning. Does that mean you should not expect your team’s very best effort? No, not all. Expect perfection, expect your team to give 110% to any project. However, if the mistake does not make you completely shut down your project or lose your job; correct it, laugh about it, and move on. ○ Lead by Example – Why would you ask your team member to do a task you would never do? I would not ask them to. I do not expect my team to do anything that I either haven’t already done myself, or wouldn’t do myself, and neither should you. To quote Robert Half, “Delegating work works, provided the one delegating works, too.” People feel more confident and comfortable with leaders who work right with them and do what they do. For example, you work in an office and it needs vacuumed nightly, and that is one of the responsibilities of your employees. Now say that the employee responsible for doing that task is out sick and everyone else has already done their turn for the week. Yes, you could have one of the other employees vacuum, but what is wrong with you taking 26 S U M M E R 2 0 11 your turn? You are showing your employees that you are willing to help out and jump in if necessary. People notice that, appreciate it, and are often more willing to complete tasks when asked, when they know the person on top will do it too. These are just some of the traits I use when I lead my team members. I have extremely high expectations of myself, as well as those on my team. But, my expectations are realistic due to the systems I have in place so that everyone knows what is expected of them. In a sense, I have set them up to succeed. Now, let’s go back to the beginning when I talked about a vision. A vision is important and to be a successful leader. You should have a vision for yourself, as well as a vision for your project, company, or relationship. It does not have to be a long drawn out idea, it can just be your expectations of how you want your idea to work and what you would like the end result to be. Many companies have a vision statement, usually stating how they want their company to be perceived. So your vision should probably be how you want people to see you as a leader. Being a leader is not easy, mainly because you have to lead people. People are challenging to lead because each team member is an individual. They each possess different qualities and different challenges that have to be met. So in order to best converge each individual’s qualities; to have your team work well together, you need to know each and every one of your team members. I don’t mean you have to know their favorite TV show necessarily, but you do need to know how they react to certain situations. Do they become easily frustrated, can they multi-task, do they struggle with big groups of people, are they shy? If you have a person who gets easily stressed out over multiple tasks, why are you giving them multiple tasks simultaneously? A good leader realizes the strengths and weaknesses of the team and works with them so the weaknesses are minimized and the strengths are maximized. Everyone has some talent to give, find that talent, use it, and appreciate it. You are only as good as your team. If you are not leading properly, your team will not follow properly and that only leads to chaos and loss of control… kindergarteners yelling and running down the hall to the lunchroom. Not every leader is a success. Leadership really isn’t something you can read about, and then just run out and do. Leadership is usually in a person’s personality. If you are naturally a leader, it is natural to educate yourself on being the best leader you can be. If you are struggling with your team and finding it hard to get your team to share your vision, it does not mean that you should not be a leader, it just means you may need to change the way you are leading. Not everyone is a leader, some people are better at being the team member behind the leader. There is nothing wrong with being that person, and those team members should be encouraged to be leaders in their own way. Peter F. Drucker said, “Management is doing things right; leadership is doing the right things.” Teach your team to all be leaders in their own way… but always following you, the line leader. Brooke Mott is a practice management expert with many years experience in team training, practice operations and patient management. Brooke’s primary expertise lies in the operational efficiency of dental practices. She is a master at building relationships with patients, managing team members and external vendors. Her primary objective is always efficiency and profitability with a focus on creating systems that work in any practice situation.You may contact Brooke by email at [email protected]. www.TheProfitableDentist.com Free Financial Management Website by Dr. Craig Callen Recently, I had some time to catch up on my reading. One of my favorite newsletters (other than TPD) The McGill Advisor had an article on a free website to organize your finances, www.mint.com. When you register and enter your information this site will track all of your financial data, including checking and savings accounts, credit cards, investment accounts and loans. You simply download the information and passwords on the various accounts and with one password you will be able to access everything in one place. It will also collate all of the information to give you an instant picture of where you are spending your money. Now instead of logging onto multiple sites to check balances you just go to one place for everything. As I have a couple of business ventures other than the practice and multiple accounts, this has greatly simplified my life. Not long ago in my haste, I double entered a rather large deposit into the practice account. I went along like a happy fool paying my bills until the overdraft notices starting piling up, eating up all of my overdraft protection. By the time the bank notified me, there were hundreds of dollars of charges before I could transfer money from another account. Now with mint. com I would have known before the charges started piling up that there was a problem with the account. Because it is a free site, you can expect some financial related marketing to be sent your way, but it is a small price to pay for such a great service. Log onto www.mint.com today and get a better handle on your finances. Dr. Callen can be reached at [email protected]. Practice management Management The Six Hour A Week Dentist by Dr. Steffany Mohan A s the mother of four young children and the wife of a doctor, my life – well, let’s just say it was out of balance. Though I loved dentistry and still do, when I was away from my family I was missing them. My faith, insatiable drive, and high energy are the ONLY things, I am quite certain, that got me through what I call the “wonder years”... It’s a wonder I survived and I did not kill myself or get physically harmed by someone along the way. I hit a crossroads and began to ask myself, “sooooo what is it you LOVE and what is it that you LIKE in your career?” Asking this basic question allowed me to assess where to focus my energy. The answer to that question becomes what Max Lucado calls the “sweet spot” of life, and my life wasn’t feeling too sweet. As a matter of fact, it was tasting and feeling a bit sour. Once I answered that question, I learned my main love is teaching others, particularly dentists. I found teaching other dentists easier ways to manage their practices and become more profitable eliminated a TON of stress! I have always tried to fail forward faster... meaning learn from my mistakes, but recognize I will make them and not be too critical of myself. I understand the stress being the main producer in your business, and simultaneously the owner and CEO, brings. I also recognized that in order to teach other dentists, I could not be all things to everyone in MY practice. In 2001, I was an Invisalign patient myself due to orthodontic relapse 28 28 SSUUMMMMEERR2 20 01 1 1 (2009) Yuri_Arcurs Image for Bigstockphoto.com from my teenage years (I swear as a teen they did not tell me to wear the retainer past one year!). It was the easiest process to go through as a patient. I became an Invisalign provider and that became the focus of my practice and I was getting busier all the time. So I decided to step back and corner more time for my family, myself, and ultimately to examine what was working and not working at the practice so we would ultimately grow. Focusing my attention on what I love led to my 6-hour a week (yes, I said 6-hour a week) work schedule. I schedule new patient consultations and existing Invisalign patients within a 6-hour window weekly. I devote the rest of my time to serving as a true leader for the practice and helping other dentists get excited about growing their practices, too. Though making money is a great feeling, it will never buy you a life. We are given one shot at making the most of our lives and using our time wisely. Unfortunately, many wealthy people, from a financial standpoint, never take the time to enjoy what they truly love. I do not know anyone who looks back on their life and says they wish they had worked more. It’s usually the woulda, shoulda, coulda syndrome of, “I blew it and I can’t fix it now.” I did not want to live with that regret. There are a lot of ways to grow wealth WITHOUT WORKING. I believe the key is to read everything your little mind can absorb. There is always something to be drawn from reading and learning. Articles, fiction, nonfiction, journals, blogs, you name it, are full of pearls of wisdom that if applied, are relevant to your personal and professional growth. (2006) Yuri_Arcurs Image for Bigstockphoto.com (2011) Hannamariah for Bigstockphoto.com www.TheProfitableDentist.com h . h h h h A Learning from how others have built their business is great, but you have to possess a sense of courage and a daring wit as well. What worked for one may not work for you. Be willing to not just break the mold but create a whole new one and do something different. If I have a new idea that someone says won’t work I always ask, “why not?” or “says who?” After all, the definition of insanity is doing what has always been done and expecting different results. I would rather be a trend-setter than rule-follower. My creative ability has allowed me to stand apart from the crowd rather than stare at the crowd as an onlooker. So, enough about how I got here and on to what I am sure you are dying to hear, how does it all work? First and foremost, be sure to guard your time. Though you will see my schedule below, whatever your schedule, guard it with your life. Patients do come first, but if you are not careful, if you start accommodating everyone, you will be right back where you started. Teach your staff to tactfully share your schedule with patients but by all means if it is the difference between keeping or losing a patient you will have to be flexible sometimes. Just use this as a last resort rather than the first option. By conventional wisdom, my choice to make a change in July 2009 was not thinking wisely. The economy was not doing well but I knew inherently that if I did not make this change I was going to die, if not physically definitely spiritually! I won’t say that all my hard work, doing the right thing and having faith allowed things to all work out without any glitches along the way. But, from each setback, disappointment and failure I have chosen to learn and do even better. So, because of the combination of working hard, doing what is right, and having faith the practice has grown and I have been blessed beyond my wildest dreams. Dr. Mohan’s schedule: Thursdays 2pm-6pm and every other Friday from 7am-10am with a team meeting from 10am12pm on the Fridays the office is open. This averages out to 6 hours per week in patient care. Here’s the kicker – I produce and collect at least $50,000 per month and some months up to $100,000! This has stayed consistent even in months where I have been out of the office for 2 weeks at a time on vacation or mission trips. I now sleep at night, enjoy my family, and do what I love versus doing what I have to just to survive. This has all been done by me learning one simple little word, NO. I cannot do it all, but I have become phenomenal at delegating and I have learned to prioritize. Right in the midst of it all is me taking time for me and to refill my cup that for too long was empty. (2009) Kzenon for Bigstockphoto.com 1-800-337-8467 The blueprint I followed to get to the point where my practice was supported is simple and can be executed easily by any other dentist that truly wants a change. I am the sole owner of my practice and at the time that I went to a 6 hour a week schedule, I had two associate dentists (technically they are independent contractors for various reasons). That is another story entirely, so we will save it for another time. (2006) Yuri_Arcurs Image for Bigstockphoto.com (2011) iofoto.com for Bigstockphoto.com S U M M E R 2 0 11 29 Our strategy is to get interested patients through the door. This is done through very targeted marketing to a radius around our office and a household income level of at least $75,000. Next, we have developed a strong team system to lead the potential Invisalign patients through to make certain they understand the process. Then, I meet the patient and let them know whether or not they are a candidate for Invisalign. I answer any questions they may have and get to know the patient by finding common ground. The principle of “liking” comes into play here, I want the patient to understand that we will enjoy spending time together as they have their dental care. The patient is then given our menu of financial options. This is NEVER done by me, as I am the worst person in the entire practice with financial arrangements, so we stick to where our unique abilities lie. The patient then either accepts a financial option and proceeds with records or is put into our system for follow-up. Either way, the patient is made to feel comfortable, accepted and genuinely liked by everyone on the team. Now, all other dentistry in my practice is done by three associates. This was difficult initially because patients all have doctor preferences. Some patients really had a tough time letting go. But during the transition I personally talked to them and even “passed the torch” in person to the next doctor. I assured them they would be well cared for and if they had any problems not hesitate to share them. Most of our fear lies in the unknown, do not leave your patients in the dark. Communicate clearly and concisely why the change and what they can expect next. What they do not know and understand will cause problems, so minimize problems using multiple methods of communication; newsletters, personal letters, face-to-face appointments, whatever is necessary. 30 S U M M E R 2 0 11 (2008) walcott for Bigstockphoto.com Marketing is not always done through the buying/selling of products and services. I was raised to “give back” and I am teaching my children to be givers. Community marketing through participation in many community outreach endeavors, has helped build our practice. Participating in efforts such as Toys for Tots, Mission of Mercy, American Diabetes Association’s Walk for Diabetes, Halloween Candy Buy-Back and donating to numerous charity events helps set us apart as the dental office that cares, because we truly do. There is a true sense of caring and support for our patients and a feeling of gratitude amongst the team. If our patients are in need and don’t know we care, how will we ever reach them? We have a wonderful marketing assistant who sends press releases for us, which in turn becomes virtually free marketing. In fact, it can be better than marketing because the information is being reported rather than advertised and is often deemed more reputable. But don’t forget, Invisalign also does a lot of marketing for you. Be sure your website highlights their website so you can attract patients you might not have gotten from other web searches. It takes a team effort to be innovative. Not only do my other doctors do the majority of the dentistry, the team supports them. Our goal is for the doctors to only sit down to perform the dentistry and form real relationships with patients. All the other essential functions are done by support team members. Other non-essential tasks are outsourced. Marketing is really a fairly new word in dentistry. My strategy is to let potential patients know their benefit of visiting my practice. Strong businesses market their business in many ways using multiple media forms including the Internet, social media, radio, television, direct mail, and print ads. We have followed our marketing efforts closely and chosen to spend marketing money on what works (2010) Yuri_Arcurs Image for Bigstockphoto.com rather than what we think works. Because orthodontia is not typically a covered benefit for adults, Invisalign marketing efforts are targeted to high income levels. Do not fear failure, try many things but always be sure you are tracking your efforts to you know what has been effective. Take advantage of automation. There are high-quality, low-cost ways to reduce the tasks that your team members perform. For instance, we use Send Out Cards (real cards are sent, but the message is typed online) to send Welcome cards to new patients rather than stocking cards and stamps. They (2007) amysuem for Bigstockphoto.com Continued on page 50. (2006) og-vision for Bigstockphoto.com www.TheProfitableDentist.com Practice management A Marketing Opportunity A bout 7 or 8 years ago a large, well known chain dental group came to our small city. They aggressively marketed dentures and dentistry. While their fees were not a whole lot different than ours, when you added up all the nickel and dime things they did to the patient, the quality of their treatment suffered. The place was a revolving door of young, inexperienced dentist associates. I spent a fair amount of time trying to correct their problems to help patients. Unfortunately, they also did what I thought to be some underhanded, if not illegal, manipulating of the patients’ finances and insurance. Unlike a lot of you out there, I have learned to enjoy providing higher quality dentures to our patients. With our systems and materials we are able to consistently provide a nice denture at a slightly higher than average fee with not a whole lot of doctor time. So, when this chain came in offering low cost dentures and free exams, they definitely cut into my business. While I was able to remake a lot of their mistakes, more often than not, the patient was broke when they came to me. I decided to fight back and started offering free exams and X-rays for denture patients, or at times, free esthetic denture consultations. (2009) c73 for Bigstockphoto.com by Dr. Craig Callen to be a rewarding experience helping many of them through what for them is a major hassle. I have other marketing ideas to come with regards to this situation. I will let you in on them as they become available. If you have one of these chain offices in your area, don’t hesitate to market directly to these disenfranchised patients. Dr. Callen can be reached at [email protected]. Just last week this chain folded with no advance notice to their employees or patients. Thousands of patients in our area were left without a dentist. Many were in the middle of treatment and others paid for treatment that will never be completed by this chain. A good portion of the patients are covered by lower-end insurance plans and will probably end up in another chain (a second one opened in town a few years ago) many were just uneducated as to what is and is not quality dental care. I decided to market to the cream of the crop of patients abandoned by this chain. Within three days of the company closing the office, we had an ad running in the local newspaper. We make it clear to patients that we have no association with the chain office and emphasize our experience and stability. Some of these patients will present a challenge because of a lower trust of dentists, it should prove 1-800-337-8467 S U M M E R 2 0 11 31 Practice Management “DISABILITY” or “MORE ABILITY”? The Choice is Yours! by Dr. Taylor Clark E very dental care provider faces unplanned, unexpected, and unwanted challenges that would hold them back clinically, professionally and financially. Speed bumps always pop up as this reality sets in time and again: The road to success is always under construction! My story is unique in that it is mine. It is however, similar to what every dentist experiences in one way or another during his or her practicing lifetime. It’s my hope that by sharing my story, you’ll be empowered to put on your clinical “rose colored glasses” and set your “woes colored glasses” aside forever. Our profession and accompanying leverage potential as dentists is staggering as we focus on our almost limitless business and clinical opportunities. It doesn’t matter what limitations or obstacles might be standing in our way. Let me explain. Three years following my graduation from dental school in 2002, my world came crashing down. I was hit head on with a severe clinical challenge that I could not have possibly foreseen or prepared for. I had developed severe, recurring skin sensitivity to wearing any type of health-care glove. I had 32 S U M M E R 2 0 11 visited five different dermatologists and tried every type of glove I could find; latex, powder free latex, vinyl, nitrile, synthetic, non-rubber modifier, gauze lined, all to no avail. Most dentists see patients at least four days a week. By the time I’d made it through three full days, my hands were beat up, battered, itchy and sometimes bleeding. The fourth day was brutal. I’d often wake up in the middle of the night with stinging because the itching was so intense. The weekends were devoted to nursing my hands with lotions, the strongest steroid ointments on the market and the works—all to gear up for the next week. One lonely night in 2005, I hit rock bottom. As I sat there in the dark of night rocking my newborn fourth child, thoughts of fear raced through my mind. Let’s pause for a moment here. How would you have felt if you had a spouse, four children, a mortgage, dental practice loans, minivan payments, thousands of dollars debt from dental school, and had to struggle just to get through a week of work? All this and, let’s not forget, the typical stresses that come with running a practice and trying to turn a profit. It was then that I chose to dial in and focus on the following statement by T. Harv Eker: “Focus on obstacles and that’s what you’ll find. Focus on opportunities and that’s what you’ll find. What we focus on, expands.” How true that is! I immediately began to focus on opportunities like never before. Incredible happenings started to unfold. First, I beat the odds by successfully bringing on a full-time associate dentist. I cut back to sixteen hours a week of clinical dentistry and decided to work ON the business rather than being hands-on IN it all the time. In early 2006, I thought about the hundreds of thousands of dollars in equipment and physical plant that was sitting idle, making me nothing over the weekends. I came across an idea to run a dental assisting school in my office on Saturdays. I planned to train people to become dental assistants over a threemonth period. They would participate in my accelerated course, which would include an emphasis on attitude and clinical hands-on learning. Students would be required to complete intense study at home during the week. They wouldn’t have to quit their jobs and would save $6,000-$9,000 in the process. I took my plan to the Idaho State Boards of Dentistry and Education. I went back and forth with them for several months until my curriculum was approved—I had the green light to run www.TheProfitableDentist.com my program. The first class was a huge success and I was off to the races! It’s a winning program for the students, the dentists that hire them and me. It’s a rewarding business that provides great value to others and compensates me well. The best part is, I hired my excellent staff to run it mostly without my involvement. Can I tell you how much fun it is to experience a six figure annual income aside from the practice? Before long, I received a phone call from some doctors across the state. They wanted to run a dental assisting school in their office and had called the State Board of Dentistry. Can you guess what happened? The Board referred them to me! I saw another opportunity unfolding. They wanted me to license them to use my program and mentor them in duplicating my success. They were a huge success from the beginning, even making headlines on the evening television news and newspapers. I thought, “If I can do this once, then I can do it again, and again and again.” Now 32 offices throughout the United States have been licensed to run my Assist To Succeed program. As I write this article seventeen other dentists have contacted me recently to learn about starting their own dental assisting school. My business has been featured multiple times on the NBC-TV affiliate in Boise, Idaho. It has been featured on TV, radio and in newspapers across the United States. Sometimes I wake up in the middle of the night now because I’m so excited about all the cool stuff going on. I get flashes of inspiration day and night that give my life juice. The skin problem? Though not gone, it’s completely under control. The secret to my success? When doubt and fear reared its ugly head, all I had to do was look down at my beatup itchy hands. I chose “more ability” over “disability”! That gave me the A Comprehensive Sleep DentiStry program can add $100,000 to your practice! Complete Package for Under $4,000. A 15X or more return on investment! 1-800-337-8467 determination to find a way or make a way to succeed. My dental practice and business successes have opened the doors to other business ventures that have proved very profitable as well. Best part is, I feel like the fun has just begun and I’m just getting started. I wonder where I’d be right now if I hadn’t faced adversity with my hands. What adversity do you face clinically or otherwise? I hope you’ll choose this day forward to focus on the abundance of opportunities that surround you. Claim “more ability” and never look back. Your life may never be the same again! Dr. Taylor Clark is an author, speaker, dentist, small business consultant and business entrepreneur whose passion is making life better for people. His accomplishments have been recognized in newspapers, radio and television in many cities throughout the United States. He was named the 2009 Young Entrepreneur of the Year by the Boise Metro Chamber of Commerce. For questions or more information, you may visit www. AssistToSucceed.com or call 208-353-5301. education & training for Doctors and Staff (Ce Credit) Home Sleep test Services Marketing and Sales Strategy proper Medical Oversight Medical insurance Billing Our program is tailored to each individual professional’s experience, and can add $36,000-$100,000 to your practice in the first year! Call us toll-free at 877-699-9983 to schedule an appointment and to learn more. Mention this add and receive a free oral appliance of your choice with sign up. S U M M E R 2 0 11 33 “Everyone Can Smile With Confidence” The Perspective of a Six Month Smiles Provider ® by Dr. JoAnn Martens I believe that comprehensive orthodontics should always be the first recommendation for patients with crooked teeth. Years of wearing traditional braces provides for the possibility of creating the most aesthetically pleasing final result. However, most adults aren’t interested in spending years wearing metal braces, which can be uncomfortable and unflattering. In a situation like this, I offer my patients what I believe is the best alternative to traditional braces: the Six Month Smiles Short Term Ortho System. The Six Month Smiles System is different from traditional orthodontics. It is a cosmetically focused orthodontic approach that is both patient and dentist friendly and can be easily and economically implemented into a general practice with great success. With this tested, safe, and reasonable approach, I can help many adult patients who had previously lost hope for their smiles, and at the same time I’m empowered to practice something that I once thought was complicated and mysterious. When I graduated from dental school, I had very little practical orthodontic knowledge. I knew that traditional comprehensive orthodontics could be time intensive to learn and cumbersome to implement into a general practice, and for the most part I stayed away from it. But, after getting involved with Six Month Smiles, my impression of orthodontics has changed, as the system is designed with both the patient and 34 S U M M E R 2 0 11 general dentist in mind, setting it apart from many other orthodontic approaches. The Six Month Smiles System is being used in general dentist offices throughout the world. A combination of proven orthodontic mechanics and innovative thought, the system provides adult patients with the ability to have straight teeth in an average time of just six months. Contrary to what many initially think, dramatic changes to tooth position can be made safely and predictably during this short time period. Six Month Smiles utilizes unique and specific clear brackets and tooth-colored wires to create dental symmetry and to solve the patient’s chief cosmetic complaints. What’s great is that I am now equipped to address my patients’ chief Before After Six Month Smiles® Six Month Smiles® Lucid-Lok Brackets and Chameleon Wires cosmetic complaints in a predictable and conservative manner. Everything I need for the patients’ “braces on” appointment and subsequent adjustments is included in the Six Month Smiles Patient Tray Kit. Also included in the kit are bonding trays with strategically placed brackets, based on the patients’ models or impressions. These bonding trays make the “braces on” process almost effortless, and my chair-time is minimal. Once the brackets and wires have been placed, the shape memory of the wires exerts very light force on the teeth and gently guides the tooth movement. The treatment goal with Six Month Smiles is to give patients an aesthetically pleasing smile, while not significantly altering the posterior occlusion. This results in short treatment times, which is an attractive feature of the system for adult patients. Although the posterior occlusion is not significantly altered, certain aspects of the occlusal scheme can be improved, such as deep bites and minor crossbites. www.TheProfitableDentist.com Any dentist can become a Six Month Smiles Provider, regardless of whether or not they have had previous ortho experience. I had almost no ortho experience before getting involved. I attended the Six Month Smiles handson training seminar in Chicago of 2008 and haven’t looked back. At the seminar, I learned how to select and treat cases successfully. Good case selection and patient communication is essential, as not all patients are candidates for treatment. Ideally, a patient is considered a candidate if their chief cosmetic complaints can be corrected in 4-9 months. I’ve treated many cases over the last few years and had tremendous success and satisfaction while doing so. The support that is provided did not end at the seminar. After I became a provider, my name was listed on the www.SixMonthSmiles.com website where patients in my area can easily locate me. I also received additional marketing support and materials including: brochures, posters, patient educational videos, web content, photo books, and much more. The Provider Resource Center, which can also be found on the website, is a great place to ask for help with case selection, technical support, or even to share stories of renewed hope for patients and dentists alike. I spend a lot of time on there and it is an unbelievably positive atmosphere. Today, when an adult patient tells me they want to fix their crooked smile, but declines traditional braces, I’m able to provide them with an alternative. This has been incredibly freeing for my patients and my practice. I feel good about offering them a more attractive and time-sensitive option with the Six Month Smiles System. I’m proud to be a Six Month Smiles Provider because I know that my patients want to be able to smile with confidence and I’m thrilled to be able to help them. Personally, I have experienced more satisfaction from providing Six Month Smiles than from any other service I provide. My Six Month Smiles patients are happy to be in the office and incredibly thankful at the completion of treatment. I love providing dramatic cosmetic results in a way that is both life changing and cost-effective for my patients. Dr. JoAnn Martens is a general dentist who has a general practice with an emphasis on cosmetic dentistry. Her private practice is in Waunakee, Wisconsin. A self-proclaimed “continuing education junkie,” she has spent hundreds of hours advancing her dental knowledge. In 2007 she incorporated the Six Month Smiles System into her practice and found this to be the perfect marriage with her cosmetic dental skills. Dr. Martens graduated from Marquette University in 1978. She completed her residency at Meriter Hospital in Madison, Wisconsin, and continues to be involved in the residency program. Leasing Space? Negotiate Once. Negotiate Right. To level the playing field in your next negotiation, call 1-800-340-2701 or visit www.georgevaill.com/tpd. “In today’s economy... don’t even think about building, going into a new location, or signing a lease BEFORE you speak with George Vaill. George will save you a ton of money and a lot of headaches.” Dr. Woody Oakes, DDS Editor-in-Chief, The Profitable Dentist® GEORGE VAILL 1-800-340-2701 • www.georgevaill.com/tpd 1-800-337-8467 S U M M E R 2 0 11 35 Clinical Better Dentistry & More Profit! by Dr. Michael Curtis What should you do when a patient tells you they’re “allergic” to Novocain? Should you take them seriously? Do you follow-up with the right questions and precautions? Although a true allergy to local anesthesia is extremely rare, your patient may have experienced a very real reaction? Consider the following possibilities: 1. Epinephrine Reaction: We all know the symptoms of intravascular injection of epinephrine; a sudden increase in pulse, with rapid pounding of the heart. Do you automatically switch to Carbocaine with Neo-Corbefrin when you hear such a history? Be careful. While you may avoid the rapid heart beat, Neo-Corbefrin causes a significant rise in mean blood pressure, while epinephrine does not. You may be putting patients at greater risk for heart attack or stroke. 2. Toxic Reaction: The earliest signs of toxicity are anxiety, nervousness and increased excitability. In the dental environment 36 S U M M E R 2 0 11 such symptoms are very easy to miss. Watch for changes 30 minutes after injection, if your anesthetic contains epinephrine; 10 minutes if not. Toxicity can be fatal. Only 2 carpules of Carbocaine are toxic for the typical 4-year-old. Seniors over age 65 have half the liver function compared to age 30! Do you know how to treat toxicity? 3. Latex Allergy: Nearly 25% of health-care workers and 2% of the general population are now allergic to latex. Most carpules of anesthesia no longer use latex stoppers. However you can introduce latex allergen if you flick or bend the needle with gloved hands. Since latex dust can linger in the air, schedule latex sensitive patients first thing in the morning. www.TheProfitableDentist.com 4. Syncope: 9. Other Problems: Nausea, a cold sweat and/or fainting are characteristic of a vaso-vagal reaction (syncope). While this is not an IgEmediated reaction, patients commonly lump frightening experiences into the general term “allergy.” 5. Paresthesia: Prolonged anesthesia of 24-48 hours is not uncommon following mandibular blocks and be related as a “bad reaction.” If numbness does not resolve, do you know exactly what to do? Should you prescribe antibiotics or steroids? What regimen? How must you mark the extent of numbness and track it over time? Is parasthesia more common with Septocaine? For answers, please consider our “Anesthesia” guide. 6. Psychogenic Skin Reactions: Does your patient give a history of rash, flushing, blotching or hives following anesthesia? This may sound like an allergic reaction. However, such symptoms are also common reactions to stress. They may have been anxiety related. 7. Sodium Metabisulfite Allergy: Metabisulfite is the antioxidant used to preserve vasoconstrictors such as epinephrine and Neo-Corbefrin (Levonordefrin). Ask patients if they are sensitive to sulfite-containing foods like salami, pepperoni, dried fruit, red wine or salad bars. The allergens are similar. If so, consider an anesthetic without a vasoconstrictor, such as plain Carbocaine or Citanest. Bells palsy, blurred vision, altered taste sensations, lethargy… all these reactions can occur following injection of local anesthesia. Have you ever torn an artery when giving a PSA injection? Within 60 seconds, you may witness facial swelling the size of a tennis ball! Due to space, we can’t address this in full, but it is important to be aware of these other conditions. Please see our guide for how to handle these problems. 10. Methylparaben: This preservative hasn’t been used for perhaps 15 years, but was previously common. It may account for an older history of allergy. 11. Allergy Testing: If you cannot clearly categorize a previous reaction, patients should be referred for allergy testing: • Send along sample carpules of all the anesthetics you may use. False negatives are extremely rare. False positives occur at about 15%. • Patients allergic to one amide may be able to tolerate an alternative amide. • In the absence of a history of an anaphylactic reaction, patients who are patch-test positive have “minimal or no risk” that such a reaction will occur. • When in doubt, use Benadryl for local anesthesia. You can prepare it from your emergency kit. 8. Illness & Drugs: Many patients have undiagnosed illnesses that may have caused a negative response in the chair. Examples might include unidentified diabetes, liver disease, hormone disorders, unrealized cancer or H.B.P. Interactions with over-the-counter meds, street drugs or herbal supplements can also cause negative reactions. Do you know which to worry about? Dr. Michael Curtis practices in Connecticut and is the author of the “100s of Pearls” books on “Anesthesia,” “Endodontics,” “Collections,” & “Case Acceptance,” each with over 400 pearls in 80 categories. For questions, or to order, visit www.100sofPearls.com or call 800-427-2830. Have a topic that you’d like to read more about? Email your ideas to [email protected], subject “TPD Idea” and we’ll do our best to research it and get an insightful article published just for you. Know of a product or service your office couldn’t survive without? Share it! Have a fun or interesting story? Submit it! We want to hear from you!!! 1-800-337-8467 S U M M E R 2 0 11 37 Clinical Do Dentists, Let Alone Laboratories; Really Understand the New Technologies in Digital Dentistry? PART II by David Block, CDT (2010) Hannuviitanen for Bigstockphoto.com 1-800-337-8467 S U M M E R 2 0 11 38 What is the difference between “open” and “closed architecture” systems? This could be very important, make sure you really understand the option when shopping for equipment. An “open system” (or open format file output) will give you a universal, industry standard file that is widely used in all industries doing three-dimensional modeling, and recognized by most computer programs designed to do computer-aided design and manufacture (CAD/CAM), stress and flow analysis, animation design, and newer systems that perform rapid prototyping and additive manufacturing to create restorations (see milling vs. 3-D printing). The open system will become more widely used as more and more practices begin to utilize the new CAD/CAM technologies. By choosing to use an open system, a laboratory gains the ability to combine a variety of equipment from different manufacturers as well as having an option to contract the services of other laboratories who accept open .stl files. A “closed system” is one where the manufacturer has locked or encrypted the created files so that they will work with a specific hardware and software only. When a system is closed, you are limited to using the scanning, design and fabricating programs of that system only and may have a difficult time finding another laboratory who can accept the files you have created. What are the different output devices (milling vs. 3-D printing)? This is literally the difference between addition and subtraction. With milling, you are taking a block of material (wax, zirconium, ceramic, titanium, etc.) and cutting away the areas you don’t need to reveal a pre-designed shape. Three-dimensional printing (rapid prototyping or additive manufacturing) uses a pre-designed shape and builds it up (through selective fusion, sintering, or polymerization) with powdered resin, wax, basic or precious metals. Both systems can produce quality restorations, but if you are thinking seriously of purchasing such equipment there are several factors that you should consider. Milling machines today can create parts out of wax, zirconium, ceramics, and some metals. Not all milling machines are created equal, however, and the hardness of the material you are cutting may be a limiting factor on the machine’s abilities. You will have to assess business goals, concerning the types of products you wish to offer before buying a milling machine. Many machines are new and it is not known how they will hold up after years of use, but it is 1-800-337-8467 probably a good guess to say that a machine designed to cut strong metals like titanium will be more durable than those designed just for wax and soft metals. Three-dimensional printing is unique in that no excess material is wasted during the fabrication of parts like it is – however small a loss it may be – during milling. Most 3-D printing systems today are used for wax-ups, but there are machines that can make copings out of precious metals like titanium as well. These systems tend to be rather expensive at this stage. How do I know that the technology will not become obsolete in a few years? This is a great question considering how quickly computer technology evolves and also how new the digital technology is to dentistry. Laser scanning, however, or some form of laser-based data collection, has been around for some twenty-five years. At this point, with accuracies of +/- 20 microns for dental scanning (and the options on some systems for +/- 10 microns accuracy), there is not much room for improvement regarding data quality. So, scanning hardware may not have any vital changes in the immediate future and prices for the equipment may decrease. Scanning software, on the other hand, is changing all the time and so suppliers are constantly making upgrades, and that can end up costing you more money. I recommend updating your software whenever possible because with the inclusion of full support in the cost of an upgrade, it is more like an investment that you are making toward the fine quality work offered by your laboratory. CAD/CAM technology and machinery are constantly changing and so it would be wise to research the latest equipment on the market before making a purchase. However, I believe at this time that waiting too long to invest in CAD/ CAM technology might end up costing you more money in the long run, since other labs are most likely incorporating this technology into their services at this very moment. Again, don’t let somebody else “move your cheese” by allowing them to move on an opportunity that would lead your business/practice to success! How long does it take to learn CAD/CAM technology? Learning how to use the technology depends on several factors, including, but not limited to: the abilities of the technician being taught, the number of people being trained at any time, and what kind of equipment is being utilized for instruction. There is a learning curve, as there is with any kind Continued on page 45. S U M M E R 2 0 11 39 Clinical Snoring Prevention An interesting adjunct to a dental practice by Dr. Earl O. Bergersen O ver 40% of adults snore while sleeping, and can be a source of major annoyance to others in the household. Sixty percent of snorers are men usually over 50 years of age1, overweight, and frequently have large necks. They tend to sleep on their backs and often have a cocktail before retiring. Most snorers are not aware that they snore so it is usually a family member that seeks a solution to the problem. The Snore-Cure® appliance fixes the mandible in a forward and slightly downward position and works most effectively when both the upper and lower posterior areas are lined with a specially-formulated self-cure acrylic. This ensures that the appliance will stay in the mouth all night and maintain it in its correct position. Research shows that over 90% of measured snoring can be eliminated with the SnoreCure® appliance, however, results can vary considerably between patients. Snoring that does take place is usually of low volume and sounds more like a swooshing sound rather than the loud snoring sounds normally experienced without the use of the appliance. It is helpful for a few questions to be added to your normal dental diagnostic procedure if you incorporate snoring corrections into your practice. A questionnaire consisting of 12 questions is available from the author on request. It is important for you to assess the possibility for sleep apnea prior to the The Snore-Cure® will effectively issuance of an anti-snoring device. eliminate the adverse effects of A simple device worn while sleeping bruxism as well as correct most TMJ can monitor the presence of sleep problems. Side view of the Snore-Cure ® appliance apnea, the number of episodes present The incorporation of snore therapy as well as the incidence of snoring while 2 can be a natural and profitable adjunct for your practice sleeping . If there is strong evidence of sleep apnea being and can give your patients the feeling that you are totally present as a result of this simple test, a more thorough exam concerned about their oral health. can be made with an overnight sleep analysis at a sleep clinic. The Snore-Cure® appliance (Fig. 1) is a preformed appliance shell that is designed to be customized by lining it with self-cure acrylic in order to maintain its position in the mouth. This appliance is designed to move the mandible forward and downward by 5mm beyond a normal incisal position, or 4mm beyond an end-to-end jaw relation. This moves the tongue forward, which opens the upper trachea and allows the free flow of air into the lungs without causing the vibration of the uvula due to a restricted airflow. 40 S U M M E R 2 0 11 For more information contact www.ortho-tain.com or call 800-541-6612. References: 1. Young, T., Palta, M., Dempsey, J. Skatrud, J. Weber, S., and Badr, S., The occurrence of sleep disordered breathing among middle-aged adults, N. Engl. J. Med., 328: 1230-1235, 1993. 2 Apnea Link by Res Med Corp., San Diego, Ca 92123. www.TheProfitableDentist.com Snore-Cure ® preformed anti-Snoring applianCe an affordable & effeCtiVe anSwer tHe adVantageS of tHe Snore-CUre® are: n n Snore-Cure® appliance n n n liner Kit Canimmediatelybe customizedinthe mouthatchair-side.No impressions,additional appointmentsor labworkneeded Snapsfirmlyintoplace topreventfallingout Advancesmandible topreventvibration ofuvula Staysinallnight Onesizefitsall withopen-hinged designformaximum oxygenintake www.ortho-tain.com|e-mail:[email protected] phone:800-541-6612|fax:847-446-7606 CLINICAL The “Goldstein Standard” by Dr. Woody Oakes O ne of the often overlooked secrets of productivity is avoiding non-productive procedures. By that I mean, attempting a procedure you should not attempt. In oral surgery, it might be impacted wisdom teeth beyond your skill level. In endo, it might be time wasted attempting to do a root canal that should have been referred to a specialist. Dr. Mike Goldstein and Dr. Kit Weathers have developed a two-part system to help you select and treat only those teeth that are predictable and profitable. Dr. Mike Goldstein has developed a fast, easy way to evaluate teeth that need endodontic treatment and prevent you from starting teeth you can’t finish. Write prescription(s) as needed. Emergency exam – Quickly evaluate the problem tooth with the endo diagnosis chart and a filmless x-ray machine. Once the diagnosis is made… re-appoint the patient for a half-hour pulpotomy/evaluation. See if you can locate all the canals… if so, re-appoint to complete the root canal or finish the endo if you have time on the schedule. If you can’t find all the canals, do a pulpotomy, place medicine, and refer to an endodontic specialist. The charge for the half-hour pulpotomy/evaluation appointment is $95-$120. However, if you locate the canals, you are well on your way to a $750+ molar root canal. By using Dr. Kit Weathers’ BEST/ WORST selection guide, you can also evaluate the cases you choose to treat! If you don’t have a high confidence level in your endo skills, you should definitely limit your cases to those listed in the “Better” column. You’ll find that you will still have plenty of endo to do, even if you limit yourself to only those cases. The last thing you want to happen when you’re sedating a patient for comprehensive treatment is to get “bogged down” with a root canal that takes much longer than anticipated. Worse, you wouldn’t want to sedate a patient, and later have to tell them that you were unable to complete their planned treatment. For more information, you can contact Dr. Goldstein at [email protected] or visit www.ce-magic.com. Endo Case Selection Chart In evaluation, if you find the case within the “Better” column, continue with the clinical exam/treatment as described above. If, in the evaluation or at the subsequent appointment, you find the case falls within the “Worse” column, refer out the case to a endodontic specialist. You’ll save precious time and your high status with the patient if you don’t underestimate the complexity of the case. 42 S U M M E R 2 0 11 Better Vital Anterior Maxillary anterior Mandibular molar First molar Gradual canal curve Large pulp Average length roots No crown in place No swelling First endo treatment Non-strategic tooth Worse Necrotic Posterior Mandibular anterior Maxillary molar Second molar Sharp canal curve Calcification Long roots Crown in place Swelling Retreatment Abutment www.TheProfitableDentist.com Hypnotherapy Homeless Improvement with Best Friend Therapy™ by Dr. Steven E. Roth A round 2 years ago, I was at McDonald’s late one afternoon when I first met Frank. He was near the front door begging for money. Because of the appearance of his clothes and his personal hygiene he looked as if he had been on the streets for quite some time. To me, a dentist, the most striking thing about Frank, was the fact that he was missing a front tooth. From my professional experience I know the importance of a smile, and how it affects a person’s self-esteem. I have always had an interest in learning how a person gets to the point of being homeless and living on the streets, and because of this concern, I usually interview a person before I offer any money. And that is exactly what I did with Frank, although I must say that in his case I did feel some “divine inspiration” to help him beyond a simple monetary contribution. As he approached me and asked for money I asked him how he got into this situation. To my surprise, he was very open to telling me his story. He had moved to the Miami area from Georgia a few years back after losing his job. I gave him $100 and my business card and told him to come by the office and we’d see what we could do. A couple days later, he showed up at my Dental Practice (www.relaxandsmile. com) and I had some clothing articles gathered for him. I invited him into the Dental Operatory with the intention of restoring the smile that he had missed for the last 15 years. I performed cosmetic bonding to replace the missing tooth and the entire procedure was done in 45 minutes. There was immediately a big change in how Frank saw and felt about himself, so much so, that the next time he came by the office, he looked like a different person. His hair was combed and his hygiene was much improved. To further help Frank, I helped him get a job as an assistant to a handyman. He stopped drinking and the first couple weeks he was doing fine. 1-800-337-8467 But within a month – like a lottery winner who returns to poverty - he went back to drinking and was not showing up for his job. When he came to the office again, I realized that he still wanted to improve his life, and I asked him what would possibly be the main thing that would help him. He said he missed his family and wanted to return home to Georgia. I got him a bus ticket to go back to Georgia so that his family members would help him get back on track. I left him at the bus station an hour before the departure time and we said our good byes. The next day I “coincidentally” saw him in downtown Miami…. he had never left! I was really disappointed and told him so by saying – “God bless you Frank, I wish you well but we’re done,” and I walked away. A month later Frank appeared at my office again with $40 in his hand. He wanted to repay me for my previous help and try again to stop drinking. He had received the money from a government agency I had directed him to. I refused the money, but decided to give Frank one more chance. This time instead of working on his outer smile and appearance, I wanted to help him at a deeper level. I asked him if he was open to being hypnotized. Because of the positive relationship that we had developed he trusted me and agreed. After putting Frank into a hypnotic trance, I decided to speak with a part of his subconscious - or alter ego as Freud would describe it - that was “Frank’s best friend.” I have been using this therapy since I conceived it a few years ago during a session to help someone overcome an addiction to alcohol. The patient stopped drinking at once because it improved selfesteem 100%. I call it Best Friend Therapy and it derives from a well-known technique called Parts Therapy. Continued on page 50. S U M M E R 2 0 11 43 A Ground Hog Life by Dr. Mike Abernathy I n 1993, the number one comedy movie was “Groundhog Day” starring Bill Murray of Saturday Night Live fame. Bill was a weatherman who, for the fourth year in a row, was covering Groundhog Day where this “weather forecasting rat,” as he calls it, comes out and does or does not see his shadow. The problem occurs when he realizes that he begins to wake up each morning to the same day. Groundhog Day begins every day the same way. He finally realizes that he is destined to spend the rest of eternity in the same place, seeing the same people doing the same thing EVERYDAY. He has no HOPE. Sound familiar? Have you finally come to the fork in the road only to find yourself reliving the same day, month, and year and wondering why you haven’t become the dentist you always thought you would be? They say a “rut” is just a grave with the ends kicked out. Over and over I listen to doctors struggling to pay their bills, attract enough new patients, lower their stress level, and retain a competent staff. Many are burned out and have lost all hope of building a successful practice. The secret to taking a practice to the next level, breaking through plateaus, and reaching new levels of profitability, always begins with knowing exactly where you are. It’s kind of like walking up to one of the map kiosks in Disney World to try and figure out where you are and which way you need to go in order to reach the Magic Kingdom. As you study the map, you find it: A small red circle with an arrow pointing to your exact location saying, “you are here.” Over and over I hear how doctors have worked months and years with this marketing guy, or that famous consultant, and spent thousands of dollars with limited or no results. I guess I’m a little surprised that anyone would pay thousands of dollars to a consultant or a marketing company that does not produce results, have a clear plan, or create consensus with the staff and doctor. If your consultant makes one visit, and spends the rest of the year doing worthless telephone coaching as an afterthought, and mini-telephone seminars once a quarter, you need to run. I recently received an ad from a dental “Guru” that intimated that he had a couple of cancellations for the following month and he could fit me in and visit my office for only $25,000 which would be followed by a weekly call from my personal consultant, and all I had to do is call within the next 10 minutes to receive even more added features for free. I know for a fact that he doesn’t let you know that your personal consultant was a roofer last 44 S U M M E R 2 0 11 www.TheProfitableDentist.com “The world tomorrow will belong to those who brought it the greatest hope.” week, because he was. Give me a break: Is there really a fool born every minute? I don’t know about you, but I have hit direct mail, internet, and infomercial overload. I am sick of baseless promises followed by under delivering to their clients. I’m one of you, and I can’t believe how gullible or desperate we have become to believe some of the worthless nonstop ads for this new technique or that new toy that, before now, has never been available to you the dentist. Dame Cathedral in Paris: “The world tomorrow will belong to those who brought it the greatest hope.” This article is about hope, not vacant promises followed by an overpriced bill. The Presbyterian lay minister Fred Rogers (“Mister Rogers” to us) once quoted an anonymous scrawling on the bulletin board of the great Notre Counselors and psychologists have long known the truth of those words. Viktor Frankl, the Austrian psychologist and concentration camp survivor, documented the fact that those prisoners who believed in tomorrow best survived the horrors of today. Survivors of POW camps in Vietnam likewise reported that a compelling hope for the future was the primary force that kept many of them alive. SPECIAL REPORT... “24 Simple Strategies To Increase Your Practice Income In The Next 24 Hours” By Dr. Steffany Mohan, Dr. Woody Oakes and Brooke Mott ... Proud A+ rated member of the Better Business Bureau YES, email me the FREE report and DVD I have selected ASAP! Name: _______________________________ Office: The first 97 to respond to this offer will also receive one of our best-selling DVDs Address: _____________________________ of 2010 (Valued at $77) for FREE! City: _____________State: _____Zip: ______ (Please make your selection below.) Phone: (____) __________ Fax: (____) _____ E-mail: ______________________________ Dr. Jeffrey Hoos “Painless Injections” Dr. Omer Reed “90-Second Crown Prep” Valid for new dentist (emails) only. CODE: NEWS Feeling The Burn From The “New Economy ...Enjoy Our FREE SOLUTION! Call 1-800-337-8467 or... if you’re in a hurry grab your copy at www.24strategies.com/24strategies/ In a hurry?: Order at www.24strategies.com/24strategies/ 1-800-337-8467 A mouse dropped in water will give up and drown in minutes. But if it is rescued the first time, it will tread water for more than 20 hours the next time it is in the same situation. Waiting is foolish; you’re already experiencing a “groundhog life.” Find a different way to control your circumstances and change your results. Be sure 2011 is your best year ever! Contact Dr. Mike Abernathy at 972-523-4660 or at [email protected]. Digital Technology continued from page 39. of training, involved in the process of CAD/CAM technology instruction. Typically, it could take any one technician a full one-totwo days of instruction to learn to use a scanning system, computeraided design, or an output device. An incentive to the laboratory who trains technicians in CAD/ CAM technology will be the cost advantages of making high quality parts in less time than it takes to make them using traditional methods, such as hand-made models, etc. So, the question is not, “should I get involved with digital dentistry technology?” but rather, “how could I afford not to?” Go and find your cheese. Besides, after reading this you should be well enough informed to present a good case to your laboratory for pushing forward with CAD/CAM technology. David Block, C.D.T., President/C.E.O. Aesthetic Porcelain Studios, Inc. www.aestheticporcelain.com (323) 876-2447 · Toll free (800) 544-9605 S U M M E R 2 0 11 45 The Facts About Credit Card Processing “You answer the phone. It’s yet another person trying to sell you credit card processing. I admit it... I’m one of those people. And each person has the newest, latest, greatest service at the lowest rock bottom price you could possibly imagine! Each has their own angle. I know. It’s why you don’t want to talk to me when I call,” says Cheryl Heldt, National Sales Manager of International Payment Solutions. Part of the problem is that you don’t know what or who to believe so you tune it all out! Is that really the best decision for your business? To help, International Payment Solutions has come up with the following list of verifiable facts about credit card processing that you can rely on when you get these phone calls. 1. Termination fees. Never do business with a company that charges termination fees. This fee is a clever way to force you to stay with them. When you find out the rates you are actually paying are much higher than the really great rates you were quoted… if you want to leave, you’re going to pay. Termination fees are not required. We NEVER charge termination fees. And don’t assume that your contract automatically expires on your anniversary date. Most companies are now requiring 30 to 120 days notice or you will be renewed. 2. There is no such thing as a non-compliant terminal. The “compliance” you keep hearing about is called Payment Card Industry Data Security Standard (PCI DSS) Compliance. Even though all merchants must file an annual compliance report which lets the industry know that a business is taking credit cards 46 S U M M E R 2 0 11 securely, it has absolutely nothing to do with your terminal. Your terminal is fine! Unless it’s really old. But that still has nothing to do with compliance. PINpad? You may need to have it reencrypted, but that’s it. And that’s an inexpensive fix. Also, if you’ve been using an internal PINpad and have been told you need to replace the terminal – you don’t have to! You can use the existing terminal and just get an external PINpad. This is a much cheaper option! 3. Nothing is free. If somebody says “free,” be very careful. Free equipment? Free paper? There are even ads for free processing. No for-profit company is in business to lose money. When you are offered something that is “free,” you can be sure that the cost of that something is going to be made up somewhere else; whether it’s in increased rates, a longer term contract, high termination or lost profit fees... something. 4. Special pricing for the medical industry. There are no special pricing structures for the medical industry. This is just a sales ploy and do you want to do business with a company that lies to you from the beginning? 5. There are no good deals on leases. Do not under any circumstances enter into an equipment lease. These are huge profit-makers for the person trying to get you to sign. You’ll pay anywhere from $29 to $90 per month for years to buy a piece of equipment that you could have purchased outright for a few hundred dollars. And these leases are iron-clad and virtually unbreakable. Do not sign a lease! 6. Gimmick pricing. Somebody calls you up and says, let’s make it simple; I’ll give you a flat rate for all of your processing! Sound good? It might, but what you’ve just signed is a good deal for the company who offered you that pricing. The fact is you are now paying keyed rates for swiped cards. And since you’re probably swiping the majority of your cards, why pay that higher cost? Call IPS today to put that money back in your pocket! 7. Your banker is not always your friend. What IPS has found is that some of the highest processing rates around are being charged by local banks. They do this for a couple of reasons. Chances are they aren’t handling the processing “in house.” Which means they are paying somebody (like IPS) to handle it for them. So the company handling the actual processing for your bank will take a profit and your bank will take a profit. That translates to an even higher cost for you because you have two middle men. IPS worked with a merchant who was being charged 8% by his friend at the bank. Need they say more? The more you know the better decisions you are able to make for your business. We have the experience and reputation you can rely on for your credit card processing needs and will provide you with references! For a no-cost, no-obligation analysis of your current processing costs, call Leo Townsend at 866522-1169 or fax your statement to 815-273-2133. IPS will show you just how much money you’ll save and never charge a termination fee! www.TheProfitableDentist.com Why Hygiene Patients are Worth an Extra $100,000 a Year by Robert Winings The Scope of Sleep Apnea I t is estimated that over 40 million Americans suffer from Sleep Apnea. The traditional treatment for the last few decades has been Continuous Positive Air Pressure or CPAP. Currently, well over 7,000 CPAPs a day are sold in the US. Within one year, almost half of those machines will be unused because the patient is no longer using them. That means that close to 3,500 new patients a day are looking for an alternative treatment for their sleep apnea. This does not include the 30 million people who have sleep apnea and don’t even know it. Now is the time for dentists to consider adding “Sleep Dentistry” to their practice. A practice that sees 30 hygiene patients a week can easily add $100,000 or more to their practice by implementing “Sleep Dentistry” into their practice. Why Screen for Sleep Apnea Twenty percent (1 out of 5) of your adult patients are at risk for some form of Sleep Apnea. Here are just a few interesting facts about sleep apnea. Of the males in the US who have: • Drug resistant hypertension 83% have Sleep Apnea • Obesity 77% have Sleep Apnea • Congestive Heart Failure 76% have Sleep Apnea • Diabetes 48% have Sleep Apnea • Coronary Artery Disease 30% have Sleep Apnea 1-800-337-8467 All aspects of the quality of life, from physical and emotional health to social functioning, are markedly impaired by obstructive sleep apnea.* Screening for sleep apnea can be effectively done in less than 2 minutes as part of your patient’s regular hygiene visit. If you average 30 adult hygiene patients a week, then you should have 6 patients a week that are at risk for some form of sleep apnea. Of the 6 that are at risk, half will have already been diagnosed and prescribed CPAP. The other half may not even know what sleep apnea is. We find that out of these 6, about 1/3 are interested in moving forward. Diagnosed or Undiagnosed The discussion with a patient that is already diagnosed is very easy. All it takes is two questions and the patient will do the rest. Question 1: Are you currently using your CPAP on a regular basis? Question 2: Have you ever heard of oral appliance? The patient that is undiagnosed usually presents in one of two ways. They will either have concerns about snoring or they will be concerned about higher than normal levels of daytime sleepiness. All of this can be determined during the hygiene visit. The next step for an undiagnosed patient is to have a sleep study to confirm a diagnosis. Home Sleep Testing has now made this diagnostic process much easier. Typically, half of your patients will be already diagnosed and prescribed CPAP and the other half will be un- diagnosed and need a sleep test. The end result is 8 patients a month that are interested in oral appliance. Increase to Your Top Line Of the patients that decide to move forward, about 1/3 will cancel or delay treatment. On average, this should result in about 5 patients a month moving forward with oral appliance therapy. The range in therapy costs is typically between $1,500 - $3,000. Taking a conservative $2,000 as the average therapy cost to the patient, a practice should see over $120,000 a year in additional revenue. Most health insurance companies are now paying for oral appliance. Reimbursement ranges between $500 - $2,900. Reimbursement levels are always subject to the patient’s co-pay and deductible. Having health insurance contribute to the overall cost makes treatment more affordable for the patient. Getting Started The cost for implementing sleep dentistry into your practice can range from $4,000 to over $30,000. Be prepared to make a commitment to properly training your staff. The rewards are often well worth the investment. Increased revenue for the practice is good, but it is nothing compared to helping your patients improve their quality of life. * Quality of Life in Patients with Obstructive Sleep Apnea - Carolyn D’Ambrosio, MD, Teri Bowman, MD and Vahid Mohsenin, MD – Chest, July 1998 Robert Winings is president of Sleep Optima, a company that helps sleep dentists grow the oral appliance segment of their business. Sleep Optima offers training and education, home sleep study services—including sleep specialist interpretation— complete medical insurance billing, and current, new and referral source marketing. To reach Rob, email [email protected] or call 877.699.9983. S U M M E R 2 0 11 47 How Avoiding the Stock Market Can Make You Rich by Garrett B. Gunderson A s a financial advocate for dentists, I’ve personally and intimately worked with dozens of docs. Most of them think they should invest their excess cash in the stock market, whether through individual stocks, mutual funds, IRAs, or other vehicles. However, this is almost always a mistake. For the most part they don’t know what they’re doing, they don’t understand what they’re investing in, they have little or no control over how their investments perform, and they expose themselves to unnecessary tax consequences. (By the way, the same applies to real estate – if you don’t know what you’re doing there, it shouldn’t be part of your investment plan.) Most dentists are better served by 1) investing in themselves and their practice, 2) investing where they personally have deep interest, knowledge, and expertise if there is still extra money or no interest in being intimately involved, 3) using fixed, tax-advantaged vehicles, such as permanent life insurance, guaranteed insurance contracts and/or specialty annuities. Invest in Yourself & Your Practice First In 1960, a man named Srully Blotnick began a study of 1,500 people representing a cross-section of middleclass America. Throughout the twentyyear study, they lost almost a third of the participants due to deaths, moves, or other factors. Of the 1,057 that remained, 83 had become millionaires. The 83 successful 48 S U M M E R 2 0 11 people shared five characteristics: 1. They were persistent 2. They were patient 3. They were willing to handle both the “nobler and the pettier” aspects of their job 4. They had an increasingly noncompetitive attitude towards the people with whom they worked 5. Their investment activities – aside from their main career – consumed a minimum of their time and attention. Writes Blotnick, “We originally expected the people in our sample to become wealthy by taking the money they earned at work and investing it wisely, in such things as stocks, bonds, and real estate… We thought there’d be no way for [them] to become rich unless they used their surplus income to generate more income… It didn’t work out that way… More often than not they made little or no money investing.” In short, the study revealed that the successful participants found something they loved and they did it well. “In case after case,” says Blotnick, “they did increasingly well occupationally, while their pursuit of investment profits proved to be largely a waste of time. In the long run, it was their work which made them rich.” Blotnick concludes that investing in yourself, what you do, and with whom you do it are the most important determining factors of wealth. If you’ve got excess cash lying around, use it to expand your knowledge, credentials, and capabilities and to grow your practice before investing in other investment vehicles. Expand your offerings. Get a bigger office in a better location. Hire more hygienists, or even bring on other dentists. Ultimately, your practice will pay you far more dividends than any other investment. You have true ownership and can control the investment, you have collateral, you have specialized knowledge, and you love what you do (hopefully). Anything else that doesn’t meet those criteria dramatically increases your risk. Whatever you invest in, it should be where you have influence, passion, and knowledge. Reduce Your Risk & Taxes With Fixed Vehicles Fixed accumulation vehicles, such as permanent life insurance and specialty annuities, are some of the least understood and under-utilized money vehicles. One main reason is that they’ve been given a bad rap by ignorant media pundits and financial institutions with vested interests. These are the same institutions who feed you baloney like “high risk equals high returns.” Thankfully, more and more dentists are beginning to understand and leverage their value, for the following main reasons: • They provide guarantees and fixed returns. You never have to worry about stock market volatility. You can focus on what you do best – www.TheProfitableDentist.com Cenegenics Profitable Dentist 03-02-09 A.pdf 3/19/2009 9:31:33 AM dentistry – without constantly worrying about losing or managing money. And when you calculate losses, taxes, and administrative fees, these fixed returns can rival variable market returns. • They provide phenomenal tax advantages. Like qualified plans, such as IRAs 401(k)s, your money grows tax-deferred. But unlike qualified plans, you have options where you don’t pay taxes on the back end when you begin withdrawals. • Greater liquidity and access. Your money can be accessed in many of these contracts through tax-free and in some cases even interest-free policy loans without penalties. You don’t have to wait until 59½ to use your money. C If you love investing in stocks (or real estate) you actually know what you’re doing, and you have the ability to control outcomes with your stock market investing, then by all means invest some of your surplus profits there. M Y CM MY CY CMY But if you’re like most dentists, stock market investing is a risky distraction. It’s not your area of expertise, so you just throw money into a diversified portfolio, cross your fingers, and hope and pray that you’ll receive a positive return. That’s not investing—it’s gambling. K Invest in what you know, what you love, and what you’re good at. Grow your practice first. And if you still have excess cash to invest after doing that, invest in fixed, tax-advantaged accumulation vehicles before you even consider the stock market. The true path to wealth isn’t to increase your risk, but rather to reduce your risk. You do that in your practice—now do it with your investments. Garrett Gunderson is a financial coach and the New York Times best-selling author of Killing Sacred Cows: Overcoming the Financial Myths that are Destroying Your Prosperity. Email him at [email protected]. 1-800-337-8467 S U M M E R 2 0 11 49 Six-Hour A Week Dentist continued from page 30. are mailed using an actual postal stamp and have personalized messages but it takes little to no time to get them in the hands of patients. Rather than hire more team members, look into systems that can be used to reduce time spent and minimize the margin of error – often with onetime only costs. Trick question, can you ever train too much? The answer is no AND yes. No, you cannot train on the same thing too much, but yes you can train one person on too many things. It is critically important to cross-train and to ensure that one person is not doing everything. However, having assigned tasks and not giving too much to people all at one time is a must. Training is a peculiar thing and don’t think there is only one way to teach because there are certainly many ways you can learn. Capitalize on electronic modes such as webinars, teleseminars, and blogs. But also use your team members to do the training. Nothing feels better than to be called upon as the expert. If someone has finessed a skill, by all means put them in front of the team. Be careful not to pit your employees against one another but create a culture where leadership is embraced, taking initiative is expected, and sharing your knowledge with others is required. Morning huddles should be done daily and small items can certainly be addressed during that time. No less than two full-team meetings a month is critical. One meeting a month should be used for training, even if it is just brief. Department leaders are a tool that you should use to identify training topics. Monthly department meetings are a great time to do training and development on topics that may not be relevant to the entire team. Hypnotherapy cont. from page 43. Upon connecting to Frank’s “best friend” I asked that part of him to tell me why he felt so fortunate to be Frank’s best friend. His answer was that Frank has a good heart, is kind and never means any harm to anyone or anything. I then asked his “best friend” to give him any suggestions that would help him in his life. His “best friend” responded by speaking directly to Frank: “You need to stop drinking and go back to your family 50 S U M M E R 2 0 11 So, in summation here are the nuggets of insight I can provide: 1. Invisalign does not require a ton of time, therefore, it creates a lot of time – for you. 2. Never do what others think you should be doing. Do what you KNOW you should be doing and love it... if you don’t, leave it behind. 3. You are only as strong as the strength of your team. Invest in their development and spend time with them. Get to know them on a personal level. As much as you know and understand their personal lives, is as successful as you will be in developing a phenomenal employee. 4. A life out of balance is not much of a life. It is merely a rote existence that has moments of passion but lots of time filled with resentment, fatigue, disappointment and a longing for something different... dare to do the unconventional. 5. Never let someone else’s idea of success become yours. Know what you want and don’t be satisfied until you have achieved it! Here’s to your continued success. I wish you as much as you can possibly handle! Dr. Steffany Mohan grew her dental practice from scratch to 3 million in less than four years. She sold her first dental practice after doubling its size and revenue in six years. Dr. Mohan’s expertise lies in growing practices to unprecedented levels of financial viability. For more info on her method: [email protected]. so that they can help you and eventually you can help them.” I woke Frank out of his trance and he had a light in his eyes that wasn’t there before. He left my office full of confidence and hope. The next day he came back into the office and said, “Dr. Steve – I’m ready!” I said, “Ready for what?” “To go home to my family,” he replied. Once again, I took him to the bus station, bought him a one-way ticket to Thomasville, GA and sent him on his way to his new journey. I told him to keep in contact and gave him all the information to reach me. I heard from him several months later, and he told me that he had stopped drinking, had his own place after living with family at first and had a part-time job. He has been sober now for more than a year, and he still calls me from time to time. You may contact Dr. Roth at (786) 427-3156. www.TheProfitableDentist.com “Your New Patients are Local and Mobile” DentalWebsites.com helps them Find and Contact you! “Great dentists inspire us to do great things. We really care about our members and we Play to WIN!” Mary Rahall Co-founder & President "Talk about return on investment - WOW! I am always ranked on the first page of all the major search engines with organic search, not paid ads. Thanks a million, (or two!) Greg and Mary. You are the best around!" Steffany Mohan, D.D.S. - www.DMSmiles.com “At a time when too many companies over-promise and under deliver, Mary and Greg Rahall from DentalWebsites.com are the real deal! I can tell you they will give incredible value and detail for your project. They walk you through every step, provide great ideas, and are on the cutting edge of what your website should be doing for you. I guarantee you won't be disappointed.” Dr. Steve Rasner - www.PearlSmiles.com Attracting New Patients Since 1998! 888-906-1667 Custom & Mobile Friendly Website Design Google Places (Map) Local Listing Get a Free website / Internet marketing evaluation. Call Mary at 888-906-1667, ext 12. Visit us online at www.DentalWebsites.com 1-800-337-8467 World Class Search Engine Optimization (SEO) Search Engine Marketing (SEM) Google Preview Social Network Marketing & Coaching S U M M E R 2 0 11 51 Puzzle Piece 0 # 20 t r Pa of the Puzzle 00 0,0 0 1 $ “Oversized Business Cards” by Dr. Woody Oakes F or those of you who have attended my “10 Best Practice Builders” lectures, you know that we do an entire section on business cards. As you learned, photo business cards (done properly) are 500% more effective than regular business cards… because people don’t throw away photos. Anyway, last week my friend Steve Seltzer (Seltzer Institute) stopped by for a visit and gave me his new business card plus a postcard they use which is basically the same as the business card but enlarged four times. That’s when I had a great idea… how about oversized business cards? Well, we tried them with a few of my private consulting clients and the results have been amazing. Nobody else is doing this and these oversized cards almost never get thrown away. I shared this idea with a realtor friend of mine and she loved the idea. Editor’s note: I just found a way to these on gold or platinum foil cards (with white on the reverse side)… these are very impressive and they don’t get thrown away. Here’s what to do... Take your business card art to any printer and ask them to print it on a 9” x 6” postcard. A suggestion would be to modify your business card just a touch by putting your telephone number on the card in LARGER NUMBERS. A Word From Our Readers Woody, Allcare just closed their local office along with about 60 others without notice. They were putting patients off through CareCredit by running up bills for treatment not yet performed and then being slow to refund. They were floating millions of dollars of patients’ money. Dr. Craig Callen Editor’s Note: Who’s next… Aspen? Be careful, as many of you know Heartland Dental has also paid a huge fine to an insurance company. recommend every dentist should become friends with their local pharmacist. This person can be a source of invaluable information that cannot be gleaned from an ipharmacy app. I often speak to dental study groups in my area to educate and support their needs. I don’t think an ipharmacy app could do this. At least once a week I get calls from dentists for dosing, interactions and drug therapy questions. As a pharmacist, I try to educate and support my patients as well as the physicians and dentists that we serve. Judy Dear Judy, Dear Woody, I have been married to a dentist for 33 years and am an avid reader. I always read your magazine when it comes in, because I usually glean some pearls of customer service from each article. I am writing because I have also been a pharmacist for 34 years. I was insulted by the iPharmacy app that you think so highly of. As an independent pharmacist I 52 S U M M E R 2 0 11 I agree totally, but as you know, most physicians and most dentists don’t rely on anything other than their “memory” when it comes to prescribing. $8M Doctor In Florida... Woody, I get so sick of these articles about these BIG practices. Why not show us their impressions and margins? Anonymous in Florida Dear Anonymous, Okay, I hope you realize this is a group practice? Second, while I personally haven’t seen lab work in this practice, I have seen Dr. Steve Rasner’s… who does $4.1M with a very part-time associate. Steve’s work is pristine! I believe people should be judged “innocent” until proven otherwise. Regards, Gone are the days of the PDR. We just think ipharmacy is a good first-step and certainly “better than nothing.” Regards, Howard Farran emailed me about some of the chatter on Dental Town regarding Woody Oakes… here’s my actual reply to Howard: “Most of our list enjoys the two-perday emails. Anyone who is annoyed can unsubscribe very easily. Since our list continues to grow daily and very few unsubscribe… that tells us that most dentists find true value in them. The reason for the two-per-day strategy is simple… the AM one is a helpful hint or tip and the PM one is for a product that will help our doctors. Also, if they are out of the office and miss a certain product offer… we re-send the most popular ones for those who missed it the first time. EID has been in business since 1987 and has helped turn many practices around and without our edutainment seminars… many of “Dentistry Todays” leaders in CE would never have been discovered. For example: Dr. Steve Rasner, Dr. Howard Farran, etc.! Can you imagine dentistry without these “GIANTS”? In conculsion, all of us get a lot of spam, but when it’s something that can really help a dentist improve their practice… very few complain. Regards, Woody” www.TheProfitableDentist.com Needle-Free Nasal Mist for Dental Anesthetic St. Renatus, LLC, based out of Fort Collins, Colorado, is in the process of clinically testing a drug the company believes will enhance pain control in dentistry. St. Renatus has patented the world’s first needle-free nasal mist dental anesthetic. It is administered through the nasal cavity and is suitable for use in operative procedures involving most of the upper teeth. The benefits of this new technology include: • Reducing the anxiety and fear associated with dental injections iPhone App: All-in-1 Super Camera • Decreasing the risk associated with contaminated needles • Patients will not complain of the “fat lip” feeling According to a recent survey conducted by the Industrial Research Center, 96% of dentists surveyed expect to offer the new nasal mist anesthetic to their patients. The company has completed two of three adult phases of clinical trials. With a just completed, favorable end of Phase II review with the FDA, St. Renatus established readiness to proceed For more information and continuous updates, please visit www.st-renatus. com. Or contact Jill Shoemaker, Vice President of Investor Relations at (970) 282-0156 ext. 16 or by email at [email protected]. DentalVibe Injection Comfort System The best new product this month is the DentalVibe Injection Comfort System… available at dentalvibe. com or 1-877-503-VIBE for around $800. First – Dr. Omer Reed and others advanced the “Distraction/ Vibration” technique for painless injections. Second – Dr. Joe Steven at KiscoDental.com offered the VibraJect which is basically a metal syringe with a batteryoperated vibrator that sells for around $400. This App is great for all intraoral photography. It’s a FREE app, the upgrade isn’t worth it in my opinion though. The best feature is the “sketch” option. Take a close anterior photo, click the sketch button, email it to your computer and print. Now you have a piece of paper you can use to communicate better with the lab. DentalVibe is the next generation of this concept. It is strong, but light-weight plastic, has two battery-operated vibrating prongs and a built in light for around $800. Be sure to watch the video on their site OR my new DVD on “Totally Painless Injections.” You can draw on the paper to connect mid-line, get horizontal planes of occlusion and make notes about staining, etc. Product XXX This new “super topical” is so strong and so effective that it can NOT be sold in un-enlightened states like Indiana and Kentucky (unless you are an OBGYN?). Call Kisco Dental at 1-800-3258649 and ask about it and see if it’s legal to buy it in your state? It sells for around $65/jar. 1-800-337-8467 with conducting Phase III efficacy studies. The studies are expected to conclude in the second half of 2011 and the New Drug Application submission is targeted before the end of the year. St. Renatus expects to market the new drug product in 2012. Best Needles in Dentistry Hands down, the best needles in dentistry are the new needles from Connecticut Hypodermics.com or 1-203-265-4881. In fact, this product is so good it recently won the 2010 “Best of Business” award. Editor’s note: Be on the “look out” for my new DVD “Totally Painless Injections 2011” which sells for only $147 and can be ordered at 1-800-337-8467. S U M M E R 2 0 11 53 AMAZING OPPORTUNITY… “Crazy Dentist Direct Lab (In Utah)... Reduces Doctor’s Lab Fees To Zero?” Good Morning Doctor – Dr. Tim Quirt Owner, Dentist Direct Lab Hey, when I first heard about this deal, I thought it was too good to be true. But “Yes” it is true… and if earning an extra $10K-$60K/year appeals to you, keep reading. In fact, this may be the most important “financial opportunity” you’ve ever had! Let me explain… Dentist Direct Lab (as the name implies) is a high quality dental lab owned by a dentist… that cuts out the middleman and thus allows them to save you 2550% off your current lab bill. So, if you’re collecting $100K/month and spending 10% on lab fees, that’s $10K. Now, you can easily reduce that amount to $7,500 (or even $5K). All of that savings is net income. Here’s the story… This dentist calls my office and says… “Woody, I’ve got this great dental lab that can save your members a lot of $$$… but, I don’t have the marketing budget to get the word out.” Well, what’s a dental practice do to get more patients when they have a zero (or non-existent) marketing budget? Exactly, they build their business by referrals! So I tell this dentist… “Why don’t you build your lab by dentist-to-dentist referrals?” Cha-Ching!!! Okay, here’s how it works: You use the lab yourself and then go out and tell all of your dentist friends about this great new lab you’ve discovered. For each referred dentist who uses the lab… you’ll get a referral fee of $10/unit, forever! So let me repeat this for those of you who didn’t “get it” the first time… • Start sending some/all of your C&B work to Dentist Direct Lab (DDL) • You will save approximately 25-50% off your current lab bill • Next, tell your fellow dentists about this lab and you will also receive $10/unit of everything they send to DDL… forever! To get started, email them at… [email protected] and in the subject line put “Lab Opportunity/Woody.” Then the folks at Dentist Direct Lab will give you a call and walk you through the entire set-up process. One doctor using this lab, paid for his office building with the savings. So consider this; If you send 10 dentists to the lab (and each sends them 50 units/month)… that’s $60K in your pocket in only 12 months if they keep using the lab, forever! This is a limited time offer! Don’t think about this, just do it! Regards, William W. Oakes, DDS PS – Doggone it… maybe I still haven’t done enough to convince you to try this lab. Okay, send them just 4 units and you’ll get 2 of them for FREE! Send 4 Units To Dentist Direct Lab And They’ll Give You 2 FREE!!! *Shipping Included* To get started email [email protected] with the subject line “Lab Opportunity/Woody” or call 1-800-850-2659 PPS – Remember, you must enter the code word “Woody” (in the subject line) to get the “Send 4 Units, Get 2 FREE” offer. To recap… save 25-50% on your lab bills, get an ongoing referral “cash flow” and get 2 FREE crowns just for giving this a try and all work is guaranteed for 5 years! This offer is for a limited time only. HURRY! * We appologize in advance if Dentist Direct Lab has reached capacity when you contact them. * 54 S U M M E R 2 0 11 www.TheProfitableDentist.com Join xcellence in Dentistry 7 as we present… “Revealed... The $250,000 Transformational Team Experience” (Discover a wildly, effective 3-step method for pocketing an extra $250,000 or more!) November 4-5, 2011 Sheraton DFW Airport Hotel Dallas, Texas FEATURING: Bryan Flanagan Pat Worcester, CDS, HYG, BS Dr. Steffany Mohan and Brooke Mott $497 per Doctor $97 per Team Member Call 1.800.337.8467 To Reserve Seats For YOUR Team Today! Excellence in Dentistry is an ADA CERP provider ADA CERP is a service of the American Dental Association to assist dental professionals in identifying quality providers of continuing dental education. ADA CERP does not approve or endorse individual courses or instructors, nor does it imply acceptance of credit hours by boards of dentistry. EID designates this activity for 12 continuing education credits. 12 CE Credits PRSRT STD U.S. Postage Paid Louisville, KY Permit No. 354 3211 Grantline Rd, Ste 20 New Albany, IN 47150 Get in ‘touch’ with A GREAT DEAL ON AURELIA GLOVES ® Buy your great-fitting, ultraergonomic Aurelia gloves from Darby Dental and get rewarded with great products from Apple® Buy 8 boxes of Protégé™ or Refresh™ and Get 2 boxes FREE. Buy 7 boxes of Perform™ or Transform™ and Get 3 boxes FREE. 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Free goods do not qualify towards the quantity purchase requirement for each level. P