Prosthodontics in the 21st Century & Managing Your Practice and Personal Finances for Optimum Profitability and Success

Prosthodontics in the 21st Century

It is no secret that today, with new materials and computerized manufacturing we are planning and building our prosthetic cases in a radically different way. Things are changing so fast, it is difficult to keep up. Our problem as clinicians is the vast majority of us were never exposed or trained in these techniques. The change in manufacturing also requires a change in how we approach our cases, and how we make clinical choices.

In this seminar, we will start with the basic material in the modern esthetic case, Ceramics. We will make a case for using this material and will cover its chemistry and structure. Different ceramic systems will be covered along with their clinical implications and how they are handled in the dental laboratory. The last part of the ceramic seminar will focus on those ceramic systems that require CAD CAM manufacturing along with their clinical implications.

Our next topic will cover the Science and Art of Color, and how that applies to our ceramic systems. We will go over the complexity of why we make errors in our choices, and what we must do to overcome those errors.

We will end our journey by going into the detail of using digital equipment for impressions, how we use planning software, how we mill, what material we mill, how we print, what we print, and how we use Cone Beam technology to plan and integrate with our planning software. Once we cover these topics, we will cover the compromises we make with this technology, when to use it appropriately, and most important, when not to use it.

When we have completed this seminar, you should be able to make the appropriate choice of material and manufacturing method to match the case you wish to construct based on what the patient's conditions present to you.

Managing Your Practice and Personal Finances for Optimum Profitability and Success: The Power of 50% (or Less) Overhead Expense

MAKE MORE * KEEP MORE *
* INVEST FOR SUCCESS AND ECONOMIC FREEDOM*
LEARN HOW TO MAKE IT HAPPEN!

THIS COURSE IS A MUST FOR DOCTORS, SPOUSES AND TEAM LEADERS/OFFICE MANAGERS - AT ANY STAGE OF THEIR CAREERS

Instructor: Dr. Hugh Habas
This is a seminar focusing on the tools needed to ensure practice profitability (the net), common mistakes to avoid and systematic investment strategies designed to create economic freedom.

It has been estimated that approximately 95% of dentists in the U.S. do not have the financial ability to retire at age 65 and enjoy the same standard of living they did during the years they were in practice. Younger and mid-career dentists are being overwhelmed by student and practice debt, very often with no strategy or clarity on how to manage these challenges. Dentists approaching retirement need to preserve what they have accumulated with the expectation of great longevity.

The presentation will be designed to address all these issues with a focus on effective practice management, systematic approaches to wealth-building and asset accumulation during one's career in dentistry.

Topics will include:

1. Overhead control - the mistakes we make, with particular attention to payroll expenses and benefits.
2. Holding onto the"fruits of your labor" - i.e., living on less than what you earn and strategies for achieving this goal.
3. Systematic investing - the efficacy of investing in both retirement plans and personally with a great deal of discussion of successful strategies, great rewards and how risk can be mitigated.

LEARNING OBJECTIVES: BOTH THE DOCTOR AND HIS OR HER CAREER-ORIENTED PROFESSIONAL STAFF REALIZE INTUITIVELY THAT THEIR ULTIMATE PROFESSIONAL AND FINANCIAL SUCCESS AS WELL AS THEIR OWN RELEVANCY IS CONNECTEDTO THE ULTIMATE SUCCESS OF THE PRACTICE.

It has been estimated that approximately 95% of dentists in the U.S. do not have the financial ability to retire at age 65 and enjoy the same standard of living they did during the years they were in practice. Younger and mid-career dentists are being overwhelmed by student and practice debt; very often with no strategy or clarity on how to manage these challenges - dentists approaching retirement need to preserve what they have accumulated with the expectation of great longevity. This presentation is designed to address all these issues with focus on effective practice management, systematic approaches to wealth-building and asset accumulation during one's career in dentistry.

AT THE CONCLUSION OF THIS PRESENTATION DOCTORS, SPOUSES AND STAFF WILL HAVE A DEEPER UNDERSTANDING OF THE FOLLOWING ISSUES AND CHALLENGES:

• An understanding that getting out of debt and establishing a pathway to economic freedom is when all the fun of practicing dentistry begins.
• The 4th Habit of Highly Successful People and its relationship to Doctor and Staff
• Why budgets don't work long term
• The importance of saving and investing EARLY
• Determining what your post-career financial requirements will be as well as your goals
• The CHALLENGES we face today and yesterday as a profession
• THE FUTURE OF OUR PROFESSION
• A TYPICAL SOLO PRACTICE ACCORDING TO ADA
• Maximizing practice profitability
• Increasing practice production and collection
• Controlling overhead expense
• Examining guidelines for all expense categories and ways of improving results
• Maintaining the sum of all practice expenses below 50%
• External marketing efforts-BEWARE
• DIFFERENTIATING YOUR PRACTICE TO ENCOURAGE MAXIMUM REFERRALS/CONCIERGE CRITERIA
• How to deal with, or not, bonus systems
• Fee increase considerations
• Payment arrangements with patients-a unique approach to consider
• Staff related issues - leadership
• Staff compensation as a function of production and total practice revenue
• Embezzlement
• PERSONAL FINANCE ISSUES
• Accumulating assets throughout one's dental career
• Common threads of success among young high net worth professionals as well as individuals at all income levels enjoying success in achieving their goals
• Demographics of successful dental professionals-doctors and staff
• Beware of ONIOMANIA?
• How you get there and how you don't
• "How am I doing?" formula-at any income level on a personal level
• GROWING YOUR ASSETS / INVESTING
• INVESTING FOR GROWTH VS. INCOME?
• How much will you need at the end of your career/figuring it out
• Inflation and its effect on your goals
• The Rule of 72-again and again
• The pathway to reaching that goal - working backwards
• Obstacles along the way
• Investment goals
• The absolute need for a fee based highly qualified financial planner
• The need for emergency funds and liquidity
• Understanding of risk / reward
• Various ways to invest
• Investment vehicles
• How to choose an investment advisor and what to watch out for
• What does safety mean-upsides and downsides
• Timing the Market/Active Management-Be Careful
• Purchasing Income through insurance products-potential downsides
• How do you choose a "FINANCIAL ADVISOR"
• What is a Fiduciary?