Dear Editor, I have read the article entitled “Going, Going, Gone” by Michael Carabash published in the December issue of Oral Health Office. As an individual who has been working with dentists for almost 30 years and a proud member of a firm that has appraised and sold dental offices for almost 50 years, I … Read more
Is there a human alive who hasn’t at some point been frustrated or stressed at work? Anyone who is taking on life energetically and head-on will definitely hit periods of stress and frustration. Welcome to the workaday world. Sure, there are people who amble through life, not taking too much responsibility for anything and, of … Read more
The pandemic has completely transformed the dental job market landscape, as indicated by the turnover rates reported in the industry. We hear of hygienists, assistants, and administrative staff have been let go due to lack of patient volumes and inconsistent income, forcing owner dentists to reduce payroll. In seeking viable alternatives to fill the holes … Read more
It’s no secret that the dental practice marketplace has been in the seller’s favour for decades. With interest rates at an all-time low, practice loan amortization periods longer than they’ve ever been and more buyers than sellers, this is not going to change anytime soon. Finding a prospective buyer for your practice in today’s market … Read more
The savvy dental practice owner knows that it takes more than clinical skills and dedication to succeed in this competitive industry. It takes a winning marketing strategy – and that is easier said than done. In reality, some of the most basic truths and most effective methods are often overlooked. 1. Yes, your patient base … Read more
In a (post) pandemic world, where the population is more aware of the risks of airborne transmission and “work from anywhere” has become de rigueur, some patients will avoid commuting to the dental practice as often. But that doesn’t mean a dental practice should give up on the relationships it has built. By utilizing remote … Read more
THE WHY: Owner’s story Newbury Dental is located in the southwest part of Edmonton, Alberta. The practice is a dream come true for Dr. Linda Lee and Dr. Marcus Ngai, who share roles as principal dentists, as well as being a happily married couple with two young children. Their journey to ownership began in 2011 … Read more
Welcome to 2022. We, as dentists, hygienists, assistants and office administrators, have now been affected by COVID-19 for almost two years in some way, shape or form. Our dental offices have experienced situations that none of us ever dreamed of even in our worst nightmares. As a dental practice owner, I have learned so much … Read more
Designed to recognize Excellence in Dentistry, the Leaders in Practice awards celebrate dental care professionals who are passionate about providing optimal patient care and making a difference in the lives of Canadians. The public voting period will be opening soon. The shortlist of up to 10 nominees in each of the eight categories—including Practice Principal and Associate … Read more
Retirement is when you want to spend more time enjoying life than worrying about taxes. That’s why it is important to have the right tax strategy during your retirement years. By understanding how you can lower your tax burden in retirement, you can keep more of what you have earned throughout a lifetime of saving … Read more
The ongoing global pandemic has drastically altered how many industries operate, and the dental industry is no different. Not only has COVID changed safety protocols within the industry and how dentists optimize their processes, but it has also changed how dental leaders approach building and retaining their teams. Dentistry has seen its fair share of … Read more
You made it – Congratulations! The past two years have been all consuming for dentistry: A constant state of change, endless pivoting and now it seems we are faced with “the great resignation.” Replacing hygienists, assistants and administrative team members is a significant challenge right now. Despite this and all the obstacles we have faced … Read more
Teledentistry is defined as the application of telecommunications, and so, it exchanges information between dentists and patients through interactive audio, text, and video. PubMed Central reported that many dentists find it difficult to continue their practice due to the pandemic. Even though teledentistry wouldn’t entirely replace physical dentistry services, it alleviates this current dilemma. Teledentistry … Read more
Professional athletes place as much importance on their rest and recovery as on their performance strategy. Why? Because the time we spend recharging directly impacts our ability to perform and thrive both personally and professionally, as well as cope with stress. With life’s daily demands, it is essential to manage our personal well-being so we … Read more
THE WHY: Owner’s story Dr. Karyna Figarella and Romeo Fermin are the husband and wife team behind BiteCraft Dental. Prior to moving to Canada, they were both practising dentists who owned a dental clinic in Venezuela. Approximately 10 years ago, their passion for healthcare and love of people collided with a desire to experience Canada’s … Read more
On September 20, 2021, the RCDSO (Ontario’s dental regulator) encouraged all dentists to “support vaccination efforts, model responsible behaviour … and address vaccine hesitancy.” Other provincial dental regulators have recommended that all dentists and dental health care professionals get vaccinated against COVID-19 and, in PEI, the dental regulator went so far as to mandate vaccination. … Read more
In our profession, there has always been a big push through December leading into the holiday season, which can be both mentally and physically taxing for the entire practice team. This year, the impact of this hectic time was further amplified by our second full year of maneuvering amid a global pandemic. Aside from being … Read more
The Faculty of Dentistry at the University of Toronto recently opened its new state-of-the-art clinic at 777 Bay St. The more than $7M project has created a beautiful 15,000 square foot clinic featuring 41 enclosed operatories that will enhance the patient experience and enrich clinical education. It is well located for patients to access it … Read more
Mandatory COVID vaccination policies implicate a complex intersection of laws including employment, human rights, occupational health and safety, privacy, personal health information, administrative and constitutional law. And this area of law is in near-constant flux as this article goes to print. 1. Must you have a COVID vaccination policy? The short answer is: probably. The … Read more
TIP #1: Prepare Years in Advance Begin planning 2 to 5 years before contemplating selling. Why? Because it can take up to 2 years to put your team members on contract. It can also take 2 or more years to set up or clean up your professional corporation in anticipation of a sale (if you’re … Read more