with the - Burkhart Dental Supply
Transcription
with the - Burkhart Dental Supply
Issue 2 | 2015 Beginning with the end in mind Doctors Travis Hildebrand and Kenny Havard of Georgetown Pediatric Dentistry & Orthodontics CONNECTING THE DOTS And Changing the Future Dr. Greg Dumitru helps those in need in Morocco Remodel + redesign = positivity Dr. Brad Handick’s stunning office revamp in Portland, Oregon 26W OF PURE POWER JUST RAISED THE BAR AGAIN Air Turbine Series SPECIAL OFFER Buy any 3 Ti-Max Z Air turbine series Get 1 FREE! Details at www.NSKDental.us Most power. Ti-Max® Z900L Air Turbine Ti-Max Z900L* With an unprecedented 26W of air-powered torque, you’ll experience a level of smoothness, consistency and comfort not available until now – and shorter treatment times. Its top speed is matched by top features, like a strong, lightweight, pure titanium body with DURAGRIP® coating. An optimized ergonomic design for more leverage and less fatigue. And a new cartridge design and bearings that dramatically improve durability. Experience the power of 26W with of all handpiece components are a FREE TRIAL! 100 % manufactured in-house in Japan. Ask your Burkhart Rep about a FREE TRIAL! NSK Dental LLC Longest Warranty. KaVo M8900 L 1 W&H Synea 500 Series TK-98L2 26W 30-mo. warranty* 23W 24-mo. warranty1 21W 24-mo. warranty 2 *Internal data. 1. As listed at http://www.kavousa.com. Warranty extends to 30 months, if maintained in a KaVo QUATTROcare Plus. 2. As listed at http://us-a-dec.com Standard Head (P1111) for NSK . . . . . . . . . . . . $1,295.00 Ti-Max Z900L Ti-Max Z900KL (P1113) for KaVo . . . . . . . . . . . $1,295.00 Ti-Max Z900WL (P1121) for W&H (RQ type) . . . . $1,390.00 Miniature Head (P1110) for NSK . . . . . . . . . . . . $1,295.00 Ti-Max Z800L Ti-Max Z800KL (P1112) for KaVo . . . . . . . . . . . $1,295.00 Ti-Max Z800WL (P1120) for W&H (RQ type) . . . . $1,390.00 Other models available to fit to competitive couplers www.NSKDental.us 1800 Global Parkway • Hoffman Estates, IL 60192 USA • Tel. (888) 675-1675 © NSK 2015. All rights reserved. Imagine Table of contents 16 Beginning with the end in mind SKILLFUL HANDLING. POWERFUL DRIVE. Meet the doctors behind Georgetown Pediatric Dentistry and Orthodontics Introducing MIDWEST® – The electric handpiece system that provides a necessary balance of power and control for all your high-speed, low-speed, and endodontic procedures 32 Remodel + redesign = positivity Dr. Handick's beautiful office in Portland Practice Management 6Spring Clean your Practice 16 Doctors Hildebrand and Havard of Georgetown Pediatric Dentistry & Orthodontics 40 Death and Taxes: Focus on What You Can Control Power—lightweight brushless motor and attachments designed for a range of applications Control—touchscreen user interface, small handpiece designed for easy maneuvering, and the ability to make a variety of adjustments on a single screen 11Thanks for asking Answers to your practice concerns Clinical Success 14before you do aesthetics, you have to sell aesthetics Selling isn't so bad when you are helping increase self-esteem Assistant Success 22Supply savings guarantee Part of the Family Giving Back 24 32 Have you scrubbed your practice habits this spring? Connecting the dots and changing the future Dr. Greg Dumitru volunteers in Morocco Technology 30EPCS and two factor authentication...finally! Check out Dr. Handick's stunning office redesign and remodel Basics on e-prescribing in general Business of Dentistry 44The Rubber meets the road with obamacare Make sure you are in compliance! Index of Advertisers: For more information or to request a free demo, call 1.800.989.8825 or visit www.dentsply.com. NEW © 2014 DENTSPLY Professional, Des Plaines, IL 60018 MIDWEST® is a registered trademark of DENTSPLY International and/or its subsidiaries. MID23-0914-1 A-dec....................inside Back cover Dental Group LLC......................... 42 AKT Advisors................................ 46 Forest.............................................. 1 Brewer............................back cover NSK.............................Inside Front Cover Burkhart dental supply: Practice Support Team........................ 9 Handpiece Repair Center...................13 Pelton and crane........................ 39 Dental ez........................................13 midwest........................................... 2 Planmeca...................................... 47 Scican.............................................. 5 Vatech............................................ 43 XLDent............................................ 10 CATALYST MAGAZINE // Issue 2, 2015 // 3 Serving the Dental Profession since 1888 FROM THE president B urkhart is passionate about providing exceptional service for our clients. We aim to identify each client’s unique needs along with their personal and professional goals. We strive to provide helpful information, skilled service and specific products. We earnestly work in the best interest of others because at the end of the day, that’s what makes our work most satisfying. Passion is not a virtue developed overnight. Since 1888, Burkhart has worked to make sure that every service we provide in some way improves the career or life of the client. Many of the services we provide help free up our clients from smaller day-to-day tasks and allow them to focus on their top priorities. Some of those services include: managing inventory, controlling supply costs, and making sure digital equipment and software work well together. At Burkhart we realize that our clients are both dental professionals and business owners. It is our goal to help them be successful at both. Catalyst is fully dedicated to that success. The articles in this publication vary from product use and selection to business management topics and provide information and guidance that can lead to a more successful practice. Throughout the publication are stories of Burkhart clients who have succeeded in the areas that are highlighted. We hope you enjoy! If you have a request for a topic that you would like for us to cover in Catalyst, please contact Mark Beagley at: [email protected] Catalyst Magazine is published by: Burkhart Dental Supply 2502 South 78 th Street Tacoma, WA 98409 p) 253.474.7761 f) 253.472.4773 Publisher Greg Biersack EDITOR Mark Beagley Designer Sara Wisely Advertising Melissa Gill All rights reserved. Reproduction of any part of this publication without written permission from the Publisher is strictly forbidden. Images are not necessarily to scale. Customer Service: Lori Burkhart-Isbell President 800.562.8176 Time really is on your side. The BRAVO™ gives you fast and consistent dry loads every time. With closed-door drying, fresh water every cycle and a large capacity, you can process your instruments with unparalleled efficiency. Loads are reprocessed from start to dry in a scant 35 minutes so they are ready when you are. Experience the leading edge speed of Bravo. scican.com 4 // Burkhart dental supply BRAVO and Your Infection Control Specialist are a trademarks of SciCan Ltd. We are focused on one central goal of providing the best client experiences. Staying focused is what makes us efficient, knowledgeable, and current in the marketplace. PRACTICE MANAGEMENT PRACTICE MANAGEMENT SPRING CLEAN YOUR PRACTICE by Margaret Boyce-Cooley, Director, Burkhart’s Practice Support Team O ne thing is certain as spring arrives: flowers will be popping up and many of us will have a desire to do a little spring cleaning and freshen things up a bit. A certainty around our office is that calls will continue to come in to the Practice Support Team, many with a renewed focus on transferring that “freshening” to systems and productivity in their practice. If one of the areas of your practice you’d like to “clean up” is your volume of new patients and/or holes in the schedule, then you’re in good company—many of the practices calling into our hotline have the same concerns. In our September article, we examined an approach to determine the impact that individual PPOs are having on your practice, to better plan your strategy. Your next task was to work through the steps we included to address openings in the schedule. These steps should definitely satisfy your need for spring cleaning! The four areas we’d recommend you freshen are: 1. Reactivating patients 2.Examining your web presence (website/social media) 3. Developing or revisiting your marketing plan to include referral requests towards patients whose employers’ have better benefit plans, targeting specific employers (perhaps the local school district) with better benefit plans and local businesses where prospective patients go to spend discretionary income 4. Considering an in-house insurance offering for those without dental coverage 6 // Burkhart dental supply Let’s explore the first two of these in more detail. Reactivating Patients Not only will this help fill holes in the schedule and demonstrate your follow-up and care, it will give you truthful numbers regarding active patients in your practice to more accurately determine practice needs for planning purposes. 1.Request that your front office staff identify who is overdue and ensure the accounts they focus on are in good standing with the practice (work backwards from most recently overdue to 18 months overdue). Pull the reports to include: a.Outstanding treatment plans b.Overdue hygiene appointments c.Unaccepted treatment plans d.Patients not seen in over a year If the patient agrees, schedule the appointment. If the patient declines, send them a letter or email as a followup. (Remember: the goal is to motivate the patient to schedule, so focus on the benefits of coming in—not treatment. Email or call Burkhart’s Practice Support Team for a sample letter.) If there is no response to the letter, follow up with another call in two weeks. If the patient does not respond and has been inactive for a year or more, they’ve met the criteria to deactivate. Be sure to do this, or all your spring cleaning is for naught! Ask your team to let you know about patients that left the practice and the reason they left. If a patient unhappily shares that they left for another local dentist, ask "May I let the dentist know why?" This is a great way to discover areas where the practice can grow or improve. TO-DO LIST Reactivate patients Examining your web presence Revisit your marketing plan Consider in-house insurance Once the lists are ready: 2.Strategically call. The goal is to motivate 10% of those listed to schedule. Of those you speak to, aim to schedule 50%. To enhance your team’s success in “tidying up” these overdue patients: a.Contact the patients the way they wish to be contacted (cell, work, etc.) b.Try calling at a couple different times of day (and document) c.Only leave a message on the last call d.Call when patients can be scheduled within two weeks; if the schedule won’t allow this, don’t bother e.Use a script! “Hello, Mr. Jones, how are you? Dr. Smith is very concerned that you’re overdue for your hygiene appointment and oral cancer-prevention screening. It’s been more than a year since we’ve seen you. We have an appointment available for you on the 26th at 10 a.m. or the 28th at 2 p.m. Which would work better for you?” CATALYST MAGAZINE // Issue 2, 2015 // 7 PRACTICE MANAGEMENT Examining Your Web Presence It is no longer optional in dentistry’s competitive marketplace to not have a mobile-friendly website. Your next springcleaning chore is to examine your web presence. Work through the checklist on the right and grade your practice’s presence. website review checklist Easy-to-follow directions and map to the practice Office hours listed Practice phone number displayed prominently on EACH page Non-clinical, close-up photo of the providing dentist(s) If you’ve given yourself a grade of less than an A, we’d encourage you to spruce up your web presence. Share the “unchecked” areas with your web developer, or reach out to our preferred marketing partner, WEO Media, for an assessment of your site. Bear in mind, if you’re a Platinum account with Burkhart, you’ll receive a discount on your website set-up fees through WEO Media. With focus on these areas, you should have a renewed “fresh” approach for your current and prospective patients! If you’d like to consider an in-house offering for dental coverage, please ask your Account Manager to share our “In-House Dental Plans—Points to Consider” overview or give the Practice Support Team a call at 1.800.665.5323. Mission statement including clinical philosophy of the practice Photos or virtual tour of the practice facility, both interior and exterior Photos that represent the current and/or targeted patient population Patient testimonials that highlight differentiators for practice Limited number of “before” treatment photos; more “after” photos Limited clinical information and dental terminology Check out some upcoming 2015 Webinars Please choose the hour that works best for you (webinars are 60 minutes) Interceptive Hygiene 3-Part Series Part 3: Friday, April 3, 2015: 7:00am PST $189 per Office Monday, April 6, 2015: 3:00pm or 5:00pm PST To register, visit our website at Video available on site Welcome statement to new patients Statement welcoming referrals New patient dental/ medical/ registration forms available online Patient reviews or links to reviews burkhartpracticesupport.com (click on Webinars) $69 per Doctor Friday, May 15, 2015: 8:00am PST Monday, May 18, 2015: 3:00pm or 5:00pm PST Online appointment scheduling Are You Compliant? HIPAA Awareness Online patient account access Social Media links o Are posts recent and frequent? o Are the posts exclusive to the practice (not “canned”)? Search Engine results on top third of page one /20 Grade= A Strategic Approach to Dealing with PPOs % $69 per Doctor Friday, July 17, 2015: 8:00am PST Monday, July 20, 2015: 3:00pm or 5:00pm PST Managing Office & Staff Overhead $69 per Doctor Friday, September 18, 2015: 8:00am PST Monday, September 21, 2015: 3:00pm or 5:00pm PST Overcoming the Challenge of Failed Appointments $69 Team The Practice Support Team at Burkhart provides business insight and strategies to Burkhart’s doctors and our branch teams to help our doctors build stronger practices. Whether it is a valuable phone call, a webinar, or a Practice View we have the resources to support your practice. 8 // Burkhart dental supply Registration or contact Dana Morano at [email protected] Burkhart P l at i n u m C l i e nt ? Take ad vanta one free wgee of your b a quarter!inar per Doctor Friday, November 13, 2015: 8:00am PST Monday, November 16, 2015: 3:00pm or 5:00pm PST Check out our recorded webinars listed on our website! www.burkhartpracticesupport.com Team R 12/14 Go Paperless, Mobile, Seamless at Every Point of Patient Care PRACTICE MANAGEMENT Thanks for asking Burkhart’s Practice Support Team receives calls and emails every day from offices regarding their business questions and needs. In each issue of Catalyst, we’ll compile some of the most frequently asked questions and share our insight with you. Q:HOW DO I GAIN MORE NEW PATIENTS? As Your Practice Grows… Your Software needs to Grow with You. A: There isn’t a single, “magic idea” available to gain new patients. Ideally 70-75% of your new-patient flow is generated from internal referrals. The remainder will come from outside marketing strategies. The budget we recommend for marketing is three to five percent of collections depending on your “busy-ness” level. Internal strategies are the most successful, cost-efficient means to gain new patients. They start with making sure the patient experience is referral-worthy. Are you building relationships that promote patient With XLDent you have the keys to unlock future opportunities, and a business partner committed to your success. Build a Successful Practice with XLDent. • EHR Certified • Realtime Data Capture • Complete Mobility • Continuous Support SPECIAL PROMOTION to New Start Up Practices 800.328.2925 | www.XLDent.com trust? Answering the phone by the third ring? Greeting them by name as they walk in? Consistently transitioning information from the hygienist to the doctor that engages the patient at exams? Accurately estimating the patient portion for treatment diagnosed? Finally, is your team asking patients for referrals? Are you? Sometimes patients simply don’t know you are accepting new patients. If you’ve spent the time to build a good relationship, and a referral-worthy experience, your patients will be happy to refer family and friends if you ask them to! Kathy Edwards, RDH, Margaret Boyce-Cooley and Dana Morano of the Practice Support Team Q:IS THERE A GOOD STAFF BONUS SYSTEM? A: An effective bonus motivates and rewards your staff as the practice becomes more profitable. Structuring your bonus system on the total staff overhead can meet these objectives. A healthy benchmark for staff overhead for general dentists is 25-30 percent of collections. Select a healthy overhead percentage and calculate what your collections will need to be to keep staff overhead in the target percentage. If you collect beyond the goal, 20 percent of the “extra” money is shared among staff. It may be more effective to calculate the bonus quarterly; this ensures a large enough bonus to make it worthwhile and lowers payroll costs to cut extra checks. The bonus pool can be divided in one of three ways: equally; based on the number of days worked (part-time staff will earn less than full-time); or use a performance review formula that rewards higher contributors with a larger share. You will gain consistency by calculating a daily goal. Each month varies in the number of working days; multiply your daily goal by the number of working days each month to determine your monthly goals. CATALYST MAGAZINE // Issue 2, 2015 // 11 PRACTICE MANAGEMENT Thanks for Q:WHAT’S A HEALTHY ACCOUNTS RECEIVABLE AGING? A: We recommend your AR (Accounts Receivable) over 90 days stay under 10 percent. Review the balance to determine if the outstanding monies are for barter or trade accounts, outstanding insurance claims, or patient balances. If it feels challenging to keep this under ten percent, you may need to analyze a few systems that contribute to a healthy (or unhealthy!) AR aging. The doctor may need to clearly establish and communicate in-house finance options for the practice. Thorough transitions from clinical personnel to front-desk personnel when checking patients out needs to take place for accurate collections. A verbal and written review of the procedures performed and the next steps to take will help solidify the plan for the patient as well as help the front desk collect and schedule accurately. Finally, if asking >>continued treatment is added chair-side, a “PIT Stop” needs to take place: inform the patient as to the newly added Procedure, additional Investment required, and additional Time anticipated for the appointment. This eliminates surprises for your patients and awkward conversations for your front desk. Columbia Dentoform® Teaching Solutions DentalEZ® Equipment NevinLabs™ Workstations RAMVAC® Utility StarDental® Instruments Power you can rely on! • Osprey™SoundCover – Reduces decibel rating 6-8 dBA with easy field installation • OspreyCompressors – Superior air quality – 100% duty cycle rated heads and 100% continuous supply of dry clean air • OWLTouch™ – Easy control and monitoring of your dental utility room equipment • Bulldog®100%Water-FreeVacuum – Longest service life on the market with a 10 year no-fail, no-wear out warranty 866.DTE.INFO www.DentalEZ.com Follow Us! 2015 DentalEZ, Inc. DentalEZ, StarDental and Columbia Dentoform are registered trademarks and NevinLabs is a trademark of DentalEZ Inc. RAMVAC and Bulldog are registered trademarks and Osprey and OWL Touch are trademarks of RAMVAC Dental Products Inc. © Your HANDPIECES are an important part of your practice. HANDPIECE The Practice Support Team at Burkhart provides business insight and strategies to Burkhart’s doctors and our branch teams to help our doctors build stronger practices. Whether it is a valuable phone call, a webinar, or a PracticeView we have the resources to support your practice. Call or email us today for free with your business questions at 800.665.5323 or [email protected] REPAIR Keep them well cared for with the Burkhart Handpiece Repair Center > Turbine Replacement The Burkhart Handpiece Repair Center Turbine Replacement service includes labor, testing, new turbine, o-rings and washers (as needed) > Professional & Dependable Your handpiece will be taken care of promptly and normally completed within 1-2 business days Contact the Handpiece Repair Center to learn more today! 877.311.3856 | www.burkhartdental.com Team 12 // Burkhart dental supply CATALYST MAGAZINE // Issue 2, 2015 // 13 CLINICAL SUCCESS Before You Do Aesthetics, You Have to Sell Aesthetics by Rhys Spoor, DDS Accredited Member of the American Academy of Cosmetic Dentistry W hen I first graduated from dental school, the idea of selling my dentistry did not seem to be a good idea and certainly not one I thought would be necessary. I had the naive viewpoint that since I was a doctor all of the patients would accept my recommendations and just do them because, after all, I was the expert. The reality I found was quite different. Aesthetics was absolutely discretionarynobody dies from ugly teeth and it is relatively expensive. Furthermore, insurance companies put it at the bottom of the list, exactly the opposite of where I thought it should be. What an eye-opener. So before you start doing significant amounts of aesthetics in your practice, you have to learn to sell the idea of aesthetics to your patients. Selling is not a bad thing, especially when the results we can give to our patients are enhanced self-esteem, better function, improved health, and increased longevity of their dentition. Obviously you need the technical training and ultimately the experience to deliver your peak results, but that is just a matter of continuing education—which we all do anyway. The following are the steps I have found to be helpful and effective for selling. Frame your aesthetic treatment around you and your team always being honest with your patients, doing your best, and doing what is in the patient’s best interest. Remember that you have a great product, in the end it 14 // Burkhart dental supply makes your patients happy, and it is a winwin for everyone. You are selling a solution to their problem. 1. Connecting to build trust This is the most important step and putting forth maximum effort in the beginning pays the highest dividends later. It takes some time and starts with the first contact on the phone, in person, by email, or however that patient first interacts with you. Introducing yourself and your team is critical--everyone needs to be friendly, competent, and caring. The office environment should be pleasant, safe, and comfortable. The purpose, the process, and the advantages for the patient should be clarified. Strive to gain the patient’s agreement to the process early on. This is not necessarily an agreement to the ultimate treatment. A positive relationship leads to the necessary level of trust. 2. Asking questions to understand This part takes some practice, but basically listen more than you talk and ask questions until you are certain you have a concise understanding and clear picture of the problem. Listen actively: ask questions, paraphrase for understanding, and demonstrate empathy. Often, asking the patient for further information and how this makes them feel helps them open up enough to really define the problem. This is not difficult as it is what we all try to do when we provide health care. 3. Defining the solution Confirm the needs as stated by the patient. Show the value of the solution to resolve those needs. This is the time for stories— including visuals of finished cases—of how you’ve helped other patients (the idea of the visual is to support the emotional good feeling those other patients have, not how the dentistry was done). Use clear explanations in language that the patient will understand. 4. Gaining agreement Summarize the needs and recommend a solution tied directly to the needs in terms appropriate to the patient. After presenting the solution, stop and take time to listen again. The patient should be doing most of the talking at this point; a little silence is not a bad thing. Revisit the solution and the benefits one more time and present the fee and timing. Secure the agreement and schedule a follow-up or next-step appointment. 5. Overcoming objections Objections are just unanswered questions. If objections are present, answering the patient's questions may require backing up as far as Step 2 (understanding). Keep in mind that the patient originally sought your help to solve an aesthetic problem and objections are extraneous. However, this is where the process can stop--and without focus by the whole team, will stop. Helping patients overcome objections is more important than any of the technical dentistry we do, and look at the emphasis most of us put on our technical competency. Taking the time at the start to build the proper relationship to the necessary level of trust discussed in Step 1 will, typically, greatly reduce the objections. Dr. Rhys Spoor is a 1983 graduate of the University of Washington where he was an Affiliate Assistant Professor in the Department of Restorative Dentistry for 10 years. He is an Accredited Member of the American Academy of Cosmetic Dentistry, a Fellow of the Academy of General Dentistry, the American Dental Implant Association, and the Pierre Fauchard Society. He is also an Editorial Reviewer for the Journal of Cosmetic Dentistry. Dr. Spoor maintains a private practice in Seattle in aesthetic, implant, and restorative dentistry. He may be contacted at [email protected]. CATALYST MAGAZINE // Issue 2, 2015 // 15 FEATURE: Dr. Hildebrand And Dr. Havard Doctors Travis Hildebrand and Kenny Havard of Georgetown Pediatric Dentistry & Orthodontics D octors Travis Hildebrand and Kenny Havard built their relatively new practice on the old Chisholm Trail traditions of working hard, blazing trails, and adjusting to population shifts. They decided to team up early in dental school, and the partnership of Georgetown Pediatric Dentistry & Orthodontics opened in 2008 in a leased space–just one month after the doctors finished their pediatric residencies. They almost immediately began designing a building for their growing future practice and looking for the perfect location in a desirable area. In March 2014 they re-opened in their own custom building in Georgetown, Texas, with twelve completed operatories and five more plumbed and ready to go. The team also opened a satellite practice in nearby Copperas Cove only three months after that. It has four completed operatories and room for three more. They have had a lot of success that has come unusually early in their careers. They attribute it to a lot of hard work along with their philosophy of “beginning with the end in mind.” Can you tell us a little about how your partnership started? Havard: We became friends during our first year of college at Stephen F. Austin State University and then continued on to dental school together at the University of Texas Health Science Center at San Antonio. We have been friends ever since. I completed my pediatric residency at the University of Kentucky in Lexington while Dr. Hildebrand completed his at the University of Texas Health Science Center at San Antonio. Hildebrand: We started building the practice in a leased space with four operatories and room for three more while we were still in school. We finished our residencies in July 2008, and we saw our first patients in August 2008. We were both associating part-time in other practices early on to help pay the bills. BY JUDI GRIFFIN PHOTOS BY Charlotte Bell 16 // Burkhart dental supply Havard: We were pretty fortunate in the beginning. It grew faster than we planned, and the practice took off pretty well. CATALYST MAGAZINE // Issue 2, 2015 // 17 FEATURE Hildebrand: We started as the first and only pediatric specialty practice in town, but we also opened right as the economy took a downturn. The aggressive population projections that the city had on their websites didn’t pan out. That slowed the growth of the practice down a little bit. We still were very fortunate and able to support both of us within a couple of years. We were in a five-year lease term, but we knew that eventually we wanted to buy our own real estate for the practice. We thought FEATURE: Dr. Hildebrand And Dr. Havard population growth projections, it would take a long time to be busy enough for two full-time doctors in Georgetown, but there were needs in other nearby towns. and have things to iron out. When we had one practice, it was super easy to have one person gone. Sharing a call schedule is another big advantage. Havard: From 2008 to 2012, it was The disadvantage that some people might experience occur when the two personalities don’t mesh. Finding the right personality and being pretty similar on the practice philosophy is important. Having known each other for so long, we knew where we stood on a personal level. We both trained in dental school at the same place. It was by design that we went to separate locations for our pedo training so we got a variety of experiences and peers from across the country. pretty stagnant in Georgetown. We had always set out to have two locations. We didn’t intend to build this office and start a satellite at the same time. They just each set off on their own trajectory, and they just happened to open within a few months of each other. The advantages far outweighed the disadvantages, with the big elephant in the room being having enough patients to support two doctors. That is where we were fortunate to find part-time associate positions for a while. We also had some mentors that had been in practice for a while that helped us make educated decisions on things. Havard: It is a pretty unique model The Georgetown team members with account manager Michael Zuelke. the sooner we got it built, the sooner it would be done and we could start building equity. You also opened a satellite practice in Copperas Cove, Texas, just three months after your new building opened. How did that come about? Hildebrand: Begin with the end in mind is what we were always taught in dental school, and it is true in life as well. It sounds like a negative outlook, but at some point you want to retire. You enjoy your job, but at some point it will be time to move on. We knew that with the local 18 // Burkhart dental supply A lot of practices have two doctors, but it is somewhat unique to start out with two doctors as equal partners just out of dental school. Please tell us a little about that model. Hildebrand: The benefits of having another person with you to help with not only the dental side–consultations and treatment planning–but also the business side and administration are huge. How about being able to take a vacation and knowing the practice is going to run smoothly? We aren’t quite there yet, but we are getting pretty close. With two practices, we are still in a growth mode to start with two partners right off the bat. The more common scenario is one dentist starting out on their own to grow a practice. They then bring on an associate that eventually buys into the practice. With that, you usually have a pretty significant age difference between the doctors, and that is where you can get into differences with treatment planning philosophies. I liken it to when my wife and I got married at 21 straight out of college—we were broke and didn’t have a thing. In a way it was easier because we both started with zero. There was never a sense of “this is yours, and this is mine.” It’s the same way with Travis and me. We both started horribly in the red with student loans and business loans. We were just starting from scratch. I think we have had an easier go just because of that shared experience. The subtle Western theme occurs throughout the practice. Hildebrand: I would definitely advise going into business as a CATALYST MAGAZINE // Issue 2, 2015 // 19 FEATURE FEATURE: Dr. Hildebrand And Dr. Havard Janna Bona, RDH and Hillary Mersiovsky, RDA in the custom fabricated sterilization center. Burkhart Account Manager Michael Zuelke, Dr. Kenny Havard and Dr. Travis Hildebrand. partnership. It is tremendously helpful with the right person. There are so many decisions that have to be made and things to accomplish to build a building. I just can’t imagine being the dentist that is seeing all the patients in addition to designing the office and having it constructed. I don’t know how it would get done. Something would have to give. This office has a charming Western theme that is really tastefully done. How did you decide on it? Hildebrand: We tried to think it through. We wanted Mom and her threeyear-old to be comfortable, but we also wanted the 14-year-old to be comfortable. These little ones are growing up to be big ones. We need to keep that in mind. Hildebrand: As for the theme, we wanted to have something that made sense in Georgetown, Texas. Georgetown 20 // Burkhart dental supply has roots in the Wild West days and it is on the Chisholm Trail. It felt like it made sense to have a western theme. Havard: We felt like it fit well, but we took great steps not to overdo it. We don’t want a 12-year-old to walk through the door and think it’s lame–especially with the orthodontic side growing. [They have had a part-time orthodontist, Dr. Steve Wood, as an associate on the team since 2012.] Most of our orthodontic patients are adolescents and teens, but they typically started with us as young kids. By the time they are ready for braces, we are right there. There’s that relationship developed over the years, and they trust us. We’ve likely been telling the parent for the past five years that their child is going to need braces. They appreciate being told early on what they can expect. This has given them years to prepare for the expense of orthodontics. Hildebrand: We think of it as old Havard: Michael Zuelke is a meets new–an old Georgetown theme meets new technology. It’s also new meets old–new kids come into the practice and grow up to be older kids in the practice. It’s the full transition. consultant for us in that he is always out there looking for products that are a better value or on a promotion that will save us money. Hildebrand: I like his philosophy of Can you tell us about the impact that Burkhart has had on your practices? Hildebrand: From my standpoint, having Account Manager Michael Zuelke here is like having another employee on the team. Michael has a nice system in place for basics like ordering, but he is also a really good resource for business management and telling us how things work well in other businesses. He has been a great resource for finding solutions to our problems. Equipment Specialist Felix Gutierrez has been another great resource for us. knowing that he does better when we do better. It’s not just that he does better if he sells us something. For example, he takes care of ordering our direct-only items from other vendors. He wants us to not be worried about that stuff. He wants us to be taking care of our patients. He knows that we will be more successful long-term because he is doing these other things for us. It is hard to quantify that. There is a lot of value to us in the relationship and having Michael as a resource, consultant, and advocate for our business. Havard: Burkhart’s service department has bailed us out on many occasions, and we haven’t lost any significant patient Alyssa Vester, RDH and one of her excellent patients. care time because of it. Our vacuum went out at 1 p.m. one afternoon and they were here until 10 p.m. installing a temporary vacuum. We were up and running the first thing in the morning. We have called at 5 p.m. when our autoclave was out, and they will have a new one in our office before we see our first patient the next morning. I can’t say enough good things about Burkhart’s service team. this once and the sooner we got started, the sooner it would be paid off. Hildebrand: Our early success really helped us be able to do something like this. Had we not been grinding it out hard for the first five years, there is no way this could have happened. It took a lot of cash and determination to make it happen. Havard: We did do it a bit different Tell us about your proudest professional accomplishment? Hildebrand: Being six years into our careers and having this building and our practices is something you can only dream of happening. Havard: We were told by many people that this was unusual to do so early in our careers. Our philosophy was that we were growing out of our leased space, interest rates were low, and we found a great location. We knew we only wanted to do compared to what most people do. Most people associate for longer before they start their own practice. We kept the end in mind. Where do we want to be longterm? We might as well get started on that path. Begin with the end in mind. CATALYST MAGAZINE // Issue 2, 2015 // 21 Supply savings guarantee: PArt of the Family D r. Victor Pickett graduated from the University of Puerto Rico in 1979. Soon after, he opened Southwest Dental in Taylorsville, Utah and has been in the same location ever since—nearly 36 years! He sat down with his Burkhart Account Manager, Susan Carter, and talked about the success he has found with the Supply Savings Guarantee. What was it that made you want to work with Burkhart? What was it about the guarantee that originally caught your attention? I was invited by my lab technician to attend a 3M True Definition Digital Scanner event at the Burkhart branch in Salt Lake City, Utah. While in attendance I wandered around the showroom floor and spotted a Pelton & Crane chair. I wasn’t familiar with Burkhart and didn’t know they sold equipment. I had just purchased a Pelton chair only weeks prior and curiously asked how much it costs. Surprisingly, it was significantly less than what I had just spent on the Pelton & Crane chair for my office. I was equally impressed with the Burkhart staff and was eager to learn more. My Account Manager, Susan Carter, and Branch Manager, Sam Goodrich, invited my staff and me out to lunch to share Burkhart’s philosophy with us. They shared the “What a Great Supply Rep Does” presentation with my team and handed out gifts with a promise to reduce my overall costs. The lunch was a lot of fun and very informative. My previous suppliers, Schein and Patterson, with whom I had done business for over 25 years, had never given my staff anything, nor had anyone ever promised to watch my spending and guarantee I would spend less on supplies. We are on track to save over $60,000 in our first year with Burkhart! We have a large practice and had been spending about $20,000 per month on supplies. I realized that if Burkhart could do what they were promising to do then I would save a significant amount of money. we saved $66,801.00 and reduced our overhead by almost 2%. We also took advantage of nearly $22,000.00 in free merchandise through promotions and coupons Susan processed for us. What part of the SSG did you find most valuable to you and your practice? How has the SSG helped your staff be more efficient? I like knowing what percentage of my production is being spent on supplies. When we started working with Burkhart, we discovered that our percentage was 7.7 percent. After three quarters on the guarantee, we are spending nearly two percent less. Susan has implemented a tag system to keep track of our inventory. We very seldom run out of products like we did in the past. I have a very busy office with a lot of employees. In previous years it has been difficult to keep track of products we were running low on. That rarely happens now. Susan also keeps track of our products ordered direct with other companies. I like that Susan shares the numbers with my partners and me every quarter. We have never had accountability like that before. How does your Burkhart account manager help you reach your goals as a dentist and business owner? Susan continually suggests products that save our practice money without compromising quality. Susan is always looking for ways we can be more efficient without my staff or I having to ask. She even orders non-Burkhart products for us so my assistants can spend more time chair-side with my patients. Spending time on the phone ordering products can take a lot of time. We trust Susan to take care of all of our ordering for us. How has the SSG helped your business? We just completed our first 12 months on the Supply Saving Guarantee program. By working with Susan and Burkhart, 22 // Burkhart dental supply In what ways does your Burkhart account manager help you and your team? There are many ways Susan and Burkhart have helped our team. Susan introduced us to the Burkhart service team who we now use to take care of our repairs at a discounted rate because we are SSG customers. Susan keeps us up to date on the latest products and equipment. The whole team at Burkhart is a pleasure to work with. What would you say to a doctor considering the SSG program? Dr. Pickett and his Burkhart Account Manager Susan Carter You really need to give Burkhart a try. They become part of the family, and they’ll care about your practice as much as you do. You’ll look forward to seeing your rep because they will be there to help you, not to just sell supplies. CATALYST MAGAZINE // Issue 2, 2015 // 23 GIVING BACK CONNECTING THE Dots AND CHANGING THE Future When you look at a globe, you notice all the methods for marking boundaries and giving you a sense of your relative location. One particular methodlongitude and latitude-tells you where you are at any point on Earth. For Dr. Greg Dumitru, this sense of place was brought into sharp focus during his first visit to Morocco. Although on opposite sides of the globe, his hometown of Mesquite, Nevada, and Casablanca, Morocco, share similar latitudes. Maybe that was why he was surprisingly relaxed as his 4-wheel-drive vehicle rumbled out of the city and toward his destination about 10 hours southeast of Casablanca. BY ANNE BAER PHOTOS BY DAVE AMODT Dr. Dumitru examines a patient waiting for treatment. 24 // Burkhart dental supply CATALYST MAGAZINE // Issue 1, 2015 // 25 GIVING BACK GIVING BACK One of hundreds of villages in the middle atlas mountains near Marakech. Some people from other regions walked for hours to reach this outdoor clinic, which was in a government run school. What was not familiar was the abject poverty of most people he met. Although we may think of Morocco as beautifully austere, sheltered by the Atlas Mountains and dotted with colorful marketplaces, reality for most people is harsh poverty and a severe lack of services. “There is a layer of very wealthy citizens, but it does not trickle down to most of the population,” explains Dr. Dumitru. Traveling to help was a natural extension of Dr. Dumitru’s path. From the start of his dental career, Dr. Dumitru has cared for impoverished dental patients, working right out of dental school primarily on Medicaid patients before he opened a state-of-the-art practice in Nevada. One of 80 patients seen this day. Multiple unrestorable teeth were extracted, relieving pain for the patient. 26 // Burkhart dental supply But why Morocco? Simple answer: connections. Dr. Dumitru was initially invited by a friend he met while in Zion National Park on vacation. Their friendship started in the most serendipitous way. While riding a park shuttle to a trailhead they struck up a conversation asking, “Where’s home for you?” Dr. Dumitru’s curiosity grew when his friend answered, “Morocco and Southern California.” They ended up sharing the day hiking, and their conversation gave birth to a dream to get Dr. Dumitru to Morocco. Simultaneously, Dr. Dumitru had another connection in St. George, Utah, who was dreaming of ways to start a clinic to serve the Berber people. “Through my church, I met a great group of people inspired to serve in challenging and forgotten corners of the world. I also felt called to encourage people already ministering in daunting places like Morocco, enhancing their ministry by meeting their needs. I thought, ‘If we don’t go, who will?’” In preparation for the first trip, group members were required to meet several times to explore their reasons for going and to prepare for entering a completely different culture. This practice has continued with subsequent trips. “As a team member, you really walk away from the trip learning more about yourself. You experience people and circumstances radically different than in your own life. I see it as a chance to lead the world in a positive way, shining light in dark areas of deep need.” The two dreams merged when Dr. Dumitru first visited Morocco to investigate what was needed. As he describes it, “We went to one village where the homes were made out of stones and mud, really like being transported back to Biblical times. I was supposed to be leading a toothbrushing clinic, but not one of them had a toothbrush. They just used sticks!” Dr. Dumitru happened to have a small tackle box with a few dental items in it. It came in handy that evening. As he recalls, “First, there was a kid with a bad tooth, then someone who had another problem. We ended up seeing 30 people that night. It broke my heart. They have nothing, and live in such pain-both physically and spiritually.” CATALYST MAGAZINE // Issue 2, 2015 // 27 GIVING BACK GIVING BACK Thinking about jumping in? • Ask your Burkhart Account Manager. They offer a wealth of information about options for charitable activities, both at home and abroad, plus with available support. • Contact your local component dental society or state dental organization. Their web sites may list community events and options for your dental team to get started. • Poll your dental cohorts. Many team members have connections to organizations or individuals who currently offer or need free dental services. Their ideas may inspire new ways to give back. With the help of Burkhart and their mobile portable equipment, they are able to bring high-quality dentistry to a third-world situation. • Think beyond the passport. Many communities welcome volunteers who can provide dental care. Find a niche in your local area and get started. The team also served in a special needs center where the children are shunned from society, and have little to no assistance from the government. Armed with a list of basic items, Dr. Dumitru returned to the US and started organizing. Now, he travels with a fully portable, mobile dental system from I-TEC including chair, battery, and hand drill--all of which fit into a backpack. Dr. Dumitru points out, “Everything is completely mobile at this point. I am working to establish clinics in partnership with other service organizations, particularly for the handicapped and for street women–two groups shunned by tribal society.” In addition to the mobile system he takes, he has two A-dec military-style portable units in Morocco that he leaves with friends. Preparation was aided by Burkhart’s service tech, Akio Kafka, who set up the units and tested them prior to Dr. Dumitru’s trips. Kay Parker, his Burkhart Account Manager, also pitched in contacting manufacturers and securing donations of masks, gloves, mouthwash, toothpaste, cotton rolls, and toothbrushes. “I met one schoolteacher in a remote village who now uses Burkhart toothbrushes to guide children in caring for their teeth for the very first time.” The next logical step is creating permanent solutions, either by building clinics or providing mobile ones. In response to the need yet another connection in Morocco stepped forward, offering funding through the United Arab Emirates Health Ministry. As a result, Dr. Dumitru was asked to write a $500,000 grant proposal for a mobile dental clinic, hoping to secure it before the end of the year. As for the impact back home in his own desert community, Dr. Dumitru recounts, “My patients and the Mesquite community are into it and can’t stop talking about it. They always ask about my trips and when I’m going next. There is such a need for basic oral health education. It’s starting to make a difference. Educating children and their caretakers means families are now learning how to care for their teeth. We’re changing the future and spreading love in such a hopeless placeone tooth, one person at a time.” What about others who want to participate? Dr. Dumitru encourages everyone to “do something”, whether in their community, state, their own country or abroad. “Give back a portion of what you have been given. Share your gift.” A woman waiting in line to see the doctor shows her beautiful henna design. 28 // Burkhart dental supply CATALYST MAGAZINE // Issue 1, 2015 // 29 TECHNOLOGY TECHNOLOGY What does EPCS stand for? EPCS and two factor authentication… finally! By Dawn Christodoulou, XLDent President B efore diving into an update on EPCS and two factor authentication, it’s probably prudent to review some basics about e-Prescribing in general. What exactly is e-Prescribing? e-Prescribing stands for electronic prescribing. With e-Prescribing, dentists can route prescriptions electronically to a patient’s preferred pharmacy, in addition to reviewing his/her medication history and insurance information. What are the advantages of e-Prescribing? e-Prescribing saves time, increases efficiency, and improves safety and security. Dentists that e-Prescribe should be able to instantaneously route prescriptions, check for dangerous drug-drug and drug-allergy interactions, and access dental-specific medication information with the click of a button. I say should because not all e-Prescribing 30 // Burkhart dental supply solutions are created equal, and those features listed are the aggregate XLDent clients can count on when utilizing its integrated e-Prescribing service through DoseSpot. DoseSpot is a Surescripts™ certified e-Prescribing platform specifically designed to integrate with electronic health record, electronic dental record, practice management, and telehealth software. What does “dental-specific” e-Prescribing mean? DoseSpot has an exclusive partnership with Lexicomp to provide dentalspecific medication information within the e-Prescribing workflow. Lexicomp is an industry-leading provider of drug information and clinical content for the healthcare industry. This means dentists can access crucial medication information such as a medication’s effect on dental use and dental treatment, dental usual dosages, and more. EPCS is the acronym for Electronic Prescriptions for Controlled Substances. Electronic prescribing was legalized for Schedule II through V controlled substances at the national level in 2010 by the Drug Enforcement Agency. As with any electronic standard, adoption and availability are typically the factors that govern implementation. Adoption of EPCS is largely controlled at the state level by the state pharmacy boards. It has taken time for legislation to be updated. EPCS has now been adopted by 49 states. Limited availability was due to the lack of DEA-approved EPCS certification bodies and the complexity of integrating two factor authentication into e-Prescribing systems. Under the interim final rule, the DEA allows the use of two of the following: something you know (a knowledge factor), something you have (a hard token), and something you are (biometric information). Two factor authentication protects the dentist from misuse of his/her credentials from both internal and external threats; authentication based solely on knowledge factors is easily guessed or hacked and used without the doctor’s knowledge. A practitioner must undergo identity proofing before he/she is approved to electronically prescribe controlled substances. Some states mandated e-Prescribing long before EPCS systems became readily available. Former Minnesota Governor Tim Pawlenty, for example, signed into law in 2008 a bill that required electronic prescriptions and created quality reporting rules for physicians. Pharmacists, physicians, and others who prescribe or dispense medication in Minnesota were required to use electronic systems by 2011. While many dentists acknowledged the mandate, many were slow to implement because they felt EPCS was the missing link that justified such a big change in their workflow. Based on our observation, those that adopted early quickly realized the invaluable benefits a comprehensive product/service offering like XLDent/DoseSpot afforded them. The value is not in the actual sending of the electronic prescription (until recently, controlled substances still needed to be processed on paper), but rather the access to a patient’s medication history and the integrated interactions checking. Many XLDent doctors comment that they are more readily able to identify “drug seekers” and feel much more “in-the-know” when treating medically compromised patients. Recently, two major legislative actions have had a serious impact on dental prescription writing. The first legislative action was the reclassification of hydrocodone combination products from Schedule III controlled substances to Schedule II controlled substances. Prescriptions for hydrocodone combination products, such as Vicodin, may no longer be called in or faxed to a pharmacy—dentists must issue e-Prescriptions or handwritten prescriptions on expensive, tamper-proof paper. The second legislative action was the passage of the I-STOP mandate in New York State. As of March 27, 2015, all prescriptions in the State of New York must be sent electronically and providers to adopt an e-Prescribing solution capable of safely and securely sending all prescriptions electronically. It’s only a matter of time before more states will pass similar legislation. More on XLDent, e-Prescribing and two factor authentication XLDent was the first Dental Practice Management System to integrate e-Prescribing capabilities and is now the first PMS certified to send Electronic Prescriptions for Controlled Substances (EPCS). This major industry achievement now equips XLDent dentists with the ability to securely e-Prescribe controlled substances in 49 states. As explained in the associated article, EPCS requires an additional layer of security known as two factor authentication to protect the integrity of each controlled-substance prescription. The first factor is a PIN number that each dentist will set and the second factor is a cutting-edge mobile application that generates a sixdigit security code every 30 seconds. Using these two factors, dentists can quickly send a controlled-substance prescription. XLDent continues to be at the forefront of dental e-Prescribing e-Prescribing saves time, increases efficiency, and improves safety and security. pharmacists can only fill prescriptions that have been submitted electronically via e-Prescribing. The only exception is in the case of an emergency. With the recent reclassification of hydrocodone combination products and passage of New York State’s I-STOP mandate, it’s important for dental and remains committed to moving this technology forward in dentistry. ePrescription service works with all Dental Practice Management systems. XLDent™ is not required. Please inquire about the non-integrated option at www.xldent.com/ esolutions/electronic-prescribing. CATALYST MAGAZINE // Issue 2, 2015 // 31 OFFICE DESIGN + REMODEL REDESIGN POSITIVITY = By Elaine Dunn | Photos By Steve Tague W hile attending college at Indiana University, Brad Handick began thinking about which direction his career would take. He knew that he wanted to be in healthcare, as a physician or a dentist, and was considering whether to enroll in dental or medical school. He did some research and talked to doctors of both professions. After talking with them, his impression was that the dentists he talked with were really happy with their chosen profession and seemed to truly enjoy what they were doing. He was intrigued with the entrepreneurial aspects of small business ownership as well so he chose dental school. After graduating from Indiana University School of Dentistry in 1995, Dr. Handick practiced for three years in Indianapolis as an associate in a busy general dentistry practice. He was planning to buy into this practice until he and his wife made a trip out to Portland, Oregon, to visit his sister. It was their first visit to the Northwest, and they were immediately impressed with the beauty of the region. 32 // Burkhart dental supply CATALYST MAGAZINE // Issue 2, 2015 // 33 OFFICE DESIGN OFFICE DESIGN + Before the remodel, patients were always telling Dr. Handick that they had driven by for years and never known there was a dental practice there. After a few visits to the Portland area, Dr. Handick started seriously considering a total change in plans. Looking back, it seems to him like so much could have gone wrong with this rather impulsive decision. But he and his wife could not be more pleased with how it all worked out. In 1998, he found a practice to purchase in Garden Home from a dentist who had been practicing at that location for 25 years. He practiced in the existing structure for 15 years before finally having the opportunity to purchase the land and building. Then he thought maybe a small remodel was in order. Dr. Handick gives a lot of credit to his Account Manager, Nancy Knot, who 34 // Burkhart dental supply persuaded him to think on a larger scale. He purchased the property in 2013, about a year before he met with the Burkhart team to discuss plans for a remodel. His original intention was to repaint the building , do some landscape work and replace the carpet. Nancy encouraged him to consider that the timing might be right to make a bigger investment in the practice. She introduced Dr. Handick to the Burkhart Equipment Specialist and together they shared a vision of what they felt the office could be. They shared some drawings and floor plans as well as sketches of what the outside could look like. It wasn’t until this collaboration that Dr. Handick realized this building could become so much more than what he’d imagined. Another key member of the team was Pat Flora of Flora Designs. She developed the sketches for the façade and for the interior design. Before the remodel, people in the community were always telling Dr. Handick that they had driven by for years and never known there was a dental practice there. Pat also helped with the new signage which really made an impact and increased the visibility of the practice. Dr. Handick was more personally involved with how he wanted the layout to be on the inside. He knew he didn’t like how the existing operatories had only one doorway into each operatory, which made access cumbersome. Burkhart incorporated two entry points into each operatory. They also suggested he move the sterilization room from the back of the building to the center for a better work flow. As part of the research process they asked him questions such as; “Have you ever thought about a continental delivery system?” or “Have you ever thought about changing the position of your computer monitors?” Although he was somewhat uncertain about changing his delivery system at first, the Burkhart team arranged for Dr. Handick to visit the A-dec facility to see the continental delivery set up for himself before making any decisions. As a result, Dr. Handick decided to change to the continental delivery system. He said it took a couple of weeks to adapt, CATALYST MAGAZINE // Issue 2, 2015 // 35 + OFFICE DESIGN OFFICE DESIGN The practice did not shut down one single day during the duration of the project (about six months) INTERIOR DESIGNER: PAT FLORA, FLORA DESIGN EQUIPMENT SPECIALIST: DAVE CRONAN, BURKHART DENTAL SUPPLY CONSTRUCTION: B&K CONSTRUCTION CHAIRS: ADEC CABINETRY: ADEC STERILIZATION/OFFICE CABINETRY: ADEC but he knew right away this was a better setup as he noticed important benefits such as less back fatigue. Not only did the new system make the workday go more smoothly, it kept him from constantly twisting and reaching for the hand piece and instruments. The existing chairs were fairly new so they stayed, but Dr. Handick purchased all new delivery systems, lighting, cabinetry, new overhead lights, an A-dec sterilization center and an ultrasonic sterilizer. Dr. Handick credits his Account Manager, Nancy, and the A-dec people for helping him prioritize purchases so that he would remain within budget. The practice is now wired, plumbed and prepared to easily add new equipment or technology in the future. For the construction work, they partnered with BnK Construction. Dr. Handick praised the owner, Rick Shandy, and the onsite manager, John McDowell, who did a great job of keeping everyone on 36 // Burkhart dental supply schedule. They stayed within both budget and timeline. In Dr. Handick’s words, “They were fabulous.” The practice did not shut down one single day during the duration of the project (about six months). The construction crews came in and basically cut the office in half. They would gut one side, redo the electrical, plumbing and drywall and install new cabinets and dental equipment. All the while, Dr. Handick and his team were working on the other side of a plastic wall. It required a lot of shuffling around of computers, front office equipment and phone lines. Dr. Handick and his team were always able to come in and complete a full workday. He says of his team during the remodel; “They were fantastic, flexible and came at the project with a great attitude!” When describing the equipment installation process, Dr. Handick told how Dave Cronan from Burkhart really CATALYST MAGAZINE // Issue 2, 2015 // 37 OFFICE DESIGN Success REFLECT YOUR “Pelton & Crane produces beautiful equipment that contributes to the aesthetics of my practice while still offering great functionality for excellent dentistry.” - Dr. Bradford Picot + Pictured (left to right): Vanessa Steinfeld (EFDA), Tiffany Lankford (Front Office), Dr. Brad Handick, Tonya Detlefsen (RDH), Faity Alstot (EFDA), and Michelle Turner (RDH) Dr. Handick likes the fact his existing patients appreciate the changes. spearheaded the project. He said Dave was creative, came up with solutions, and always found a way to make it work. He kept things on track and understood that by 8 a.m. all equipment needed to be up and running. Originally, Dr. Handick didn’t have a vision for what the practice could be. Now he has more pride in the facility. He admits prior to the remodel, he was a little self-conscious that the space wasn’t quite what he wanted it to be, but he didn’t know what to do about it. One day, he was with a patient and she said, “Your old building didn’t really look like you. Your new space looks like you and the type of practice you have.” Dr. Handick likes the fact his existing patients appreciate the changes. When considering what advice he would give to a doctor who may be considering a new office remodel, Dr. Handick thinks he was perhaps too conservative and reluctant to invest a fair amount of money into the space. He would encourage them to talk with their accountants, review their cash flow and develop a realistic budget. If the numbers add up then investing in your practice can have immediate and tangible benefits in terms of new patients and overall nicer work environment. He also recommends that while planning the project, also consider potential enhancements or equipment that could be prepared for but saved for a later purchase, thereby keeping the project within budget. In addition to receiving positive feedback from his existing patients, the new façade and signage have helped to attract new patients to the practice. This has given Dr. Handick and his team the opportunity to connect with new patients within the community who may be looking for a new dentist. The aim at Garden Home Dental is to get to know each patient well and earn their trust. Our goal is to provide the best dental treatment we can in caring and calm environment. “We are so fortunate to have many wonderful patients who we look forward to taking care of for years to come.” At Pelton & Crane, we combine design and functionality to create innovative products that reflect your success. We are passionate about creating clinical environments that enhance the dental experience for practitioners and patients - and with 115 years of experience, you can feel comfortable knowing Pelton & Crane is a name you can trust. Your Image Reflected. Reflect your success with Pelton & Crane’s innovative new products Learn more at pelton.net/newproducts Chairs | Delivery Systems | Lights | Cabinetry | Water Treatment | www.pelton.net | 800.659.6560 064924/ rev 0 / 02.15 38 // Burkhart dental supply WEALTH MANAGEMENT WEALTH MANAGEMENT With SIMPLE-IRA plans and Safe Harbor 401(K) plans a practitioner can put away a goodly amount with a reasonable staff-participation cost. For example, a doctor age 50 or older can contribute up to $34,600 into a Safe Harbor 401(K) with a maximum staff cost of 4 percent of eligible pay, for those who participate. Add a participating spouse and the deduction grows to $58,600–with no change in staff cost. DEATH AND TAXES: Focus On What You Can Control For some dentists, adding profit-sharing over and above the 401(K) deferral and Safe Harbor match (or contribution) can be very effective in further reducing taxes and increase tax-deferred savings. This makes good sense if: by Sam Martin, MBA (Tax), CFP®, CPA B uilding off the Daniel Defoe reference, Benjamin Franklin famously said “…but in this world nothing can be said to be certain, except death and taxes.” This quarter, we will take on taxes—something over which we can exercise some control. EVERY LITTLE BIT HELPS If you are 40, you may not worry so much about a few dollars leaking out here or there, but talk to someone who is 60 and very set on transitioning into postfull-time dentistry and you may see the urgency and prudence in proactively saving every dollar possible. A big part of savings is, of course, developing a well-balanced budget—one that lets you save at a pace that should provide you a very comfortable retirement. Once you have accomplished that task, you can then look for ways to hang on to more of what you make, through proactively managing taxes—and not just the taxes that are a result of owning a dental practice, but the taxes that impact your investment portfolio as well. Your Practice Smartly investing in your practice may be the best return on your money and typically comes with significant tax savings through the Section 179 deduction election and/or Bonus Depreciation (assuming this will be restored for 2015). Smart investing in the practice means choosing carefully those things that will improve practice production and efficiency, as well as make the practice a pleasant place to work and visit. Smart 40 // Burkhart dental supply 1.You have the additional cash flow available to fund profit-sharing 2.Your tax savings outweighs the additional cost of funding other participants investing certainly includes updating technology and other dental equipment, but it may also involve investing in your team through periodic and ongoing training and development. We generally recommend that you have a three- to five-year plan for practice investments. This allows you to be very deliberate in terms of what you purchase, when you purchase, and the ability to schedule related training if appropriate. Being deliberate allows you to plan and be ready to take full advantage of the new resource on day one. Planning ahead also allows you to finance your own purchases. By estimating what you expect to spend over the next three to five years, you can fund a savings account on a weekly or monthly basis at a pace that will meet your planned needs. Get your dental CPA, equipment manager, and technology representative together to start mapping your plan today. Add a dental office designer to the team if you will have any face lift projects for the office included in your plan. Add any other advisors who may be able to assist in the planning. Regarding the latter, often a profit-sharing formula that takes age and wages into account can provide a very efficient result for many dentists. Younger dentists with relatively older staff may not find this effective; however, the only way to know that is to crunch the numbers (which is usually provided free of charge). Have your dental CPA and pension expert work together to find you the best plan and features. Deducting What You Already Spend The next most influential tax savings is having the right retirement plan and funding it fully to the extent that tax savings outweighs the cost of the plan. Your long-term financial success can be greatly enhanced by using the right retirement plan with the right features and making sure the related investment platform is low-cost and globally diversified. We recommend reviewing your plan annually to see if there are better options or features available. Over time tax law changes, your ability to fund changes, and the ages of you and your staff change—any of these can cause your existing plan to no longer be the best plan for you. The government subsidizes investing in retirement plans; both the dollars you invest for yourself as well as the dollars you contribute on behalf of staff are tax-deductible. Although some dentists are aggressive with their income tax deductions, most are not. In fact, most new clients we encounter are failing to document and deduct legitimate expenses they already incur. These fall into categories such as automobile deductions, meals and entertainment, continuing education, and travel. Knowing the rules for these deductions and keeping the appropriate documentation could result in a few hundred to a thousand dollars kept in your pocket each year. Even the occasional meal-including a fine bottle of Merlot-with your spouse where you update him or her on practice matters and plans can be 50 percent deductible. But you must follow the documentation rules. Spend some time with your dental CPA after tax season to map out what potential deductions you may be missing out on. Also develop a plan for how you will capture and store the required documentation to sustain the deductions if audited. Another subject to review with your dental CPA is whether or not you are utilizing the most effective income tax entity for your practice. Some dentists may benefit significantly utilizing an S corporation to avoid a portion of FICA taxes. Salary and S corporation profits must be effectively managed to sustain this savings. CATALYST MAGAZINE // Issue 2, 2015 // 41 WEALTH MANAGEMENT Your Portfolio By now, you have no doubt heard that unnecessary “costs” are anathema to long-term investing success. In fact, costs are so influential that one or more studies has concluded that if you simply picked mutual funds based on the lowest fees—knowing nothing else about the fund—you would out-earn the typical retail mutual fund investor. The single largest cost in investing is federal (and state, if applicable) income taxes. The study Ranking Mutual Funds on an After-Tax Basis conducted by Joel Dickson and John Shoven showed the growth of investing a single dollar over a thirty-year period as follows: Tax-Deferred Account $21.89 Taxable Account (high-income investor) $9.87 Taxable Account (middle-income investor) $12.52 Taxable Account (low-income investor) $16.45 The high-income investor gives up 55 percent of his or her accumulation over 30 years to income taxes. Even the lowincome investor gives up 25 percent to income taxes. Consequently, we take tax planning for investment portfolios very seriously. You can see from the table above that managing investment taxes is crucial. Instead of chasing the next hot stock or “beat the market strategy” you could increase your long-term, after-tax return perhaps by a percentage point or two without taking any added risk. To be continued Be sure to check out our next issue, when I discuss how to tax-manage your portfolio. Sam Martin is Director of Wealth Management Services and Advanced Tax Planning for the Dental Group, LLC / Martin Boyle PLLC / Dental Wealth Advisors, LLC , a CPA, practice advisory, financial planning and Wealth Management services group exclusively serving dentists and their practices. Sam is a Certified Public Accountant (CPA), a Certified Financial Planner (CFP), and holds a Masters Degree in Federal Income Taxation. Located in Kirkland, WA— Sam can be reached at 425.216.1612 or [email protected]. There Is No Substitute For Dental Experience and Financial Expertise... DentalGroup LLC Dental Practice Advisors The Dentist’s CPA (425) 216-1612 SM SM [email protected] Integrated Financial Services to Enhance Your Income and Quality of Life Members www.adcpa.org 42 // Burkhart dental supply BUSINESS OF DENTISTRY r e bb u R d e a o Th R e h t s t e e Me r aca m with Oba B y B ob C rea mer, C PA individual had coverage for one day of the month, they are considered covered for that month. For any month that an individual did not have coverage and was not exempt, that individual is subject to penalties. Five years ago, President Obama signed the Patient Protection and Affordable Care Act (PPACA) in to law. It was designed to provide access to health insurance across the full socioeconomic spectrum regardless of medical history. Given this sweeping change to our healthcare system, the law established a time frame during which institutions and individuals could adopt the new rules and requirements. 44 // Burkhart dental supply S tarting with the 2014 tax filings, the proverbial rubber met the road on compliance. Individuals will now be required to disclose coverage status on federal tax returns. Since you and your employees in your dental practice will be affected by this mandatory reporting, you need to know something about it. Individual Tax Filings Effective January 1, 2014, the PPACA directed U.S. citizens and foreign nationals residing in this country legally to secure health insurance. All persons required to file tax returns must certify whether each household member had health insurance coverage by month. Each person within the household may have had coverage and an individual's coverage status may vary during the course of the year. As long as an If you or your employees did not have coverage during the year, the minimum penalty is $95 per person (discounted to $47.50 for those under 18) and up to $285 per family. Penalties increase as a function of income with the maximum reaching the national average premium for a bronze plan ($2,448 per individual per year or $12,240 for a family with five or more members). Penalties for 2015 and 2016 will be even higher. Starting this month, health insurance providers may distribute statements that document coverage for all individuals in a household. When available, these statements provide proof of insurance for covered individuals and supply information necessary to comply with federal reporting requirements. Three forms are available: • IRS Form 1095-A will be issued to individuals who procured insurance through HealthCare.gov or a state marketplace. • IRS Form 1095-B will be issued by insurance carriers or large employers who self-insure to individuals who are covered under employer-sponsored policies issued by the carrier or large employer. • IRS Form 1095-C will be issued by large employers who sponsor health insurance policies to all employees covered under the policy. The insurance exchanges are issuing Form 1095-A in 2015. But health insurance carriers and employers are not required to provide this information until 2016 for the 2015 tax year, so you and your employees may not receive formal documentation to help prepare your 2014 returns. In such cases, you may use a copy of your health insurance policy and payment history as proof of insurance. Small Employers Dental practices with less than 50 full-time employees are not required to provide health insurance or issue reports on their employees’ coverage. If your dental practice offers coverage through a group plan, the insurance carrier will supply this information. If your employees procure their own coverage, either their carrier or their insurance exchange will attend to reporting. However, if you self-insure, your practice will be subject to the same reporting requirements as large employers (described next column). Tax credits may be available if you have less than 25 full-time-equivalent (FTE) employees and you paid at least 50% of your employees’ healthcare insurance premiums. These credits are only available if you purchased coverage through a Small Business Health Options Program (SHOP) exchange. Credits are applied as follows: the insurance coverage they offer. In 2016 this requirement applies to employers with 50 or more full-time employees. Each of their employees must receive a Form 1095-C that reports: • For 1-10 FTEs with wages averaging $25,000 or less, you receive a business credit up to 50% of premium amounts you pay. The credit phases out up to average employee wages of $50,000. • The employee’s name, address, and social security number as well as identifying information (e.g., social security number, date of birth) for covered household members • For 11-24 FTEs, the amount of credit phases out as a function of the number of employees and average wage, with no credit available beyond the $50,000 average wage cap. • The offers of coverage made by month, including availability for household members Your tax professional can help you determine the correct amount. Large Employers If your dental practice consists of 50 or more full-time employees, you must • The employer’s name, address, employer identification number, and contact information • The employee's share of the lowest cost premium by month Tracking and reporting will likely entail development of new information systems and the associated administrative procedures. our y n i s e l oy e p m e r t h is u y o b y d d e n t f fec ou a Since y actice will be a need to k now u r dental p r y repor ting, yo o mandat g about it. in someth provide qualified health insurance at rates that are affordable for each employee. Coverage is treated as affordable if the employee’s share of the premium is less than or equal to 9.5% of the reported W-2 wages. Tax penalties apply to organizations that fall short of these requirements. In January 2016 for the 2015 tax year, employers with 100+ full-time employees must supply detailed information about CATALYST MAGAZINE // Issue 2, 2015 // 45 BUSINESS OF DENTISTRY While reporting requirements do not go into effect until 2016, we’re working with affected clients this calendar year to prepare them for full compliance. What Should You Do? If your dental practice employs 50 or more full-time-equivalent employees or self-insures, contact your tax professional as soon as possible. While you have a one-year grace period before you face reporting requirements, you may need time to collect and track all of the information for your employees and their dependents by month. It may be difficult to pull it all together if you wait until year-end! If your dental practice is not subject to reporting requirements, be prepared to field questions from your employees, especially if you participate in an employer-sponsored group health plan. They may be confused by their Form 1095—or by the absence of one! Be prepared to direct them to the appropriate resource—i.e., their insurance exchange or independent insurance carrier—to supply proof of insurance. And of course, you might suggest that they consult with their tax professional regarding this year’s filings. PLANMECA ProMax 3D Family ® Bob Creamer is the Director of Dental Services at AKT CPAs and Business Consultants, ranked as one of the top 100 accounting firms nationwide. He has been working with dentists for nearly four decades, helping practitioners maintain efficient and profitable dental practices. Bob knows the business of dentistry and helps dentists understand and apply key tax strategies to help them keep more of what they earn to improve their quality of life. Bob can be reached at 503.585.7774 or [email protected]. Ø5 x 8cm ProMax 3Ds Helping Dentists Reach Their Goals Their Goals Dental tax planning Cost segregation Practice purchase Retirement planning Transition planning Dental practice management Practice valuations Ø8 x 8cm ProMax 3D Ø16 x 9cm ProMax 3D Plus Ø20 x 17cm ProMax 3D Mid Versatile 2D/3D Imaging Technology Patented SCARA technology, allowing limitless imaging possibilities Offers optional ProFace 3D facial photos for advanced case presentation, operation pre-planning, and treatment follow-up Provides the tools to reduce radiation based on clinical need, including Planmeca’s Ultra-low Dose Protocol, adjustable kV and mA, selectable volume sizes, and pediatric mode for a 35% lower dose Optional digital impression and cast model scanning available for ProMax 3D, 3D Plus, 3D Mid, and 3D Max Upgradable all-in-one technology Bob Creamer, CPA Director of Dental Services www.aktadvisors.com 46 // Burkhart dental supply Ø23 x 26cm ProMax 3D Max Open-architecture Planmeca Romexis software included Mac and PC compatible To schedule a demo please contact your Burkhart Representative at 800.562.8176 CROWNING moment Night starts to fall on Dr. Greg Dumitru and team in Morocco. The volunteers worked late into the night to ensure every person who waited for hours had a chance to be treated. Read more about their story on page 24. 48 // Burkhart dental supply Your choice again. And again. Thank you, Townie doctors, for consistently recognizing A-dec as the leader across multiple categories. We are honored. Your choice is confirmation that our solutions are making a difference for the right reason: you. To learn more, call 1.800.547.1883 or visit a-dec.com/DentistsChoose. Best Patient Chairs (2003-2014) ©2015 A-dec Inc. All rights reserved. Best Best Best Best Best Dental Waterline Operatory Stools Operatory Cabinetry Delivery (2003-2014) Lights Systems (2008-2014) (2003-2014) Systems (2003-2014) (2003-2014) William “Buffalo Bill” Cody Now it’s your turn! Discover the exclusive backpain-relieving advantages of Brewer’s innovative Dynamic, Split-Saddle-Seat Technology! His production in the saddle made him a legend… Data shows that profit-robbing lower back pain affects 81% of dental professionals, which can lead to shortened work hours, leaves of absence and shortened careers. So what can you do to help safeguard yourself and your team? Optimize posture and production with Brewer’s latest patented breakthrough! • Unique 360º circular movement: • Actively strengthens the core muscles supporting the spine • Allows natural movement while maintaining a neutral posture • Lessens lower back pain and spinal muscle degeneration • Patented split-saddle-seat design: • Eases load on muscles by putting weight on the “sit-bones” • Lessens pressure on upper legs when moving side-to-side • Offers superior cooling comfort, improved circulation and reproductive health Your production is only as good as the wellbeing of your team. That’s why Brewer continues to lead the fight against profit-robbing MSDs with the most innovative seating solutions available for your entire team. Get the power to advance your health and the health of your practice. Contact your equipment specialist today or visit brewercompany.com. 135DSS