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The Business of Orthodontics series is provided at no cost for all members.
Credits: None available.
The Bulletproof Practice
Whether you're building your practice from scratch or taking over from an incumbent provider, the steps you take today can make all the difference in ramping up your success and creating a brand that will stand the test of time. From your corporate identity to your team's interpersonal communications - you can map out a better future right now.
Speaker(s):
Credits: None available.
Orthodontists are trained in school to be good doctors with an array of clinical skills and knowledge. Running a successful orthodontic practice, however, also requires a broad array of business skills in which few doctors have received formal training. Mastery of these skills is becoming ever more important to orthodontic practice success as competition intensifies in conjunction with rapid changes to industry fundamentals. The purpose of this webinar is to explore commonly used and proven leadership principles, and their application in the orthodontic practice to better manage stress and enhance financial success in today’s orthodontic environment.
Learning Objectives:
Credits: None available.
Participants will learn the different types of basic retirement plans. Each has its own benefits, costs and requirements. Though your retirement is years away, pre-positioning yourself early in your career and choosing the best option can mean a difference measured (literally) not in hundreds of thousands, but in millions of dollars. There is no substitute for a well chosen and executed plan.
Learning Objectives:
Credits: None available.
This course will examine budgeting milestones at both the personal and practice level. We will provide an overview of student debt, efficient methods for its repayment, and how debt impacts practice transition activities. Finally, we will look at retirement planning options and discuss why it’s never too soon to start building up a nest egg.
Course objectives include:
Credits: None available.
This Webinar will begin with a review of how to determine overhead. Most profit and loss statements do not give an accurate representation of true overhead of the practice. A form will be shown that will show attendees how to translate a Profit and Loss statement to determine true overhead. Overhead targets by line item in a sample P&L will be discussed including a review of industry norms. Understanding your market segment and overhead targets within each segment will be discussed. You don't need to be an accountant to manage your practice, and this hour will be helpful to any practice owner wanting to learn how to manage overhead.
Learning Objectives:
Credits: None available.
In order to create beautiful smiles you will need an office to work in. Dealing with an office lease or an office build-out can be a stressful and expensive proposition. This lecture is designed to take some of the mystery out of lease negotiations and the build-out of an office space. Attendees will come away with a basic understanding of the critical issues in leasing office space as well as how to work with a contractor to insure a successful build-out.
Learning Objectives:
Credits: None available.
This program is designed for the new and nearly new doctor. The program will discuss areas of practice where claims are currently developing and address how to research a potential practice; take and create defensible records; effectively communication with patients/parents, and more. We will explore how to minimize your exposure to claims and regulatory body complaints.
Learning Objectives:
Credits: None available.
Understanding Associate Agreements: Hiring or becoming an associate is a major decision for every orthodontist. This presentation will review a number of the legal and practical issues both the employer and the employee need to consider in entering into an associate agreement. We will examine the important issues relevant to an associate agreement in a presentation that balances the interests of both the employer and the employee. Attendees will come away with an understanding of the fundamentals of an employment agreement.
Learning Objectives:
Credits: None available.
This course will survey current trends and developments in the operating environment for orthodontic practices, and include the effect on transition activities. In addition, the best practices / planning protocols for adding a partner will be explained, to include the necessary legal documentation, both initial and secondary.
Learning Objectives:
Credits: None available.
Understanding the options for employment, how to find them, and what to review when you do find them is extremely important. This webinar will be directed primarily with an orientation to the process of how buyers and sellers or employers for orthodontic opportunities happen. A review of the current market conditions and review of the timeline, expense, and materials needed to review an opportunity will be discussed. Current valuation methodology and a high level overview of the operational and financial metrics that should be reviewed will be covered as well as associate pay, and cash flow pro-formas. Partnership methods of buying in will also be covered.
Learning Objectives: