3D printing has made its mark on nearly every industry in recent years. From automotive to education, almost every sector can find ways to put this technology to use – including dentistry. Today, dentists can 3D print aligners, retainers, and even dental implants at a fraction of the cost of traditional manufacturing methods. That’s something … Read more
Technological developments have transformed how healthcare is performed for as long as healthcare has existed. As digital technologies become more widespread and more sophisticated, they will continue to reshape the world of healthcare. Digitalization is improving productivity and efficiency across all industries – and healthcare can see some of the biggest benefits of digital technology. … Read more
NAP is a marketing acronym, which means name, address, and phone number. The short answer is that NAP consistency is the accuracy and uniformity of your dental practice’s basic information. The long answer revolves around local SEO (search engine optimization), which is what it takes to put your dental practice on the map. The foundation … Read more
THE WHY: The Owner’s Story Oris Dental Clinics is in Richmond Hill, Ontario. It is the first location and the dreamchild of a planned expanding network of practices. The four doctors (Masoud Varshosaz, Behnam Bohluli, Ali Shakib, and Maziar Shahzad Dowlatshahi) are not only proud business partners but also highly experienced practicing clinicians with an … Read more
News flash! There is no such thing as the “perfect” dental practice. Despite our best efforts, “stuff” happens, and these “pop-up” situations can temporarily keep us from having a practice that is fun, fulfilling, and financially successful. Good news? The S.O.A.P. format we learned in dental school to diagnose “patient dental problems” can be used … Read more
A Delhi family of modest meansleft familiarities and flew overseasto a country known for maple treessyrup, snow, and civility.Where hard work promised prosperityand the kids could have opportunities. But none than Fate could foreseehow cruel Canadian kids would beto the young daughter, who was constantlybullied because of her ethnicity;because she was behind academically;because of her … Read more
As a dentist, you’re probably aware of the impact the Income Tax Act has on your life, considering tax is likely your biggest expense. With the average Canadian dentist paying personal tax rates of 43%–50%, taxes drag on dentists’ ability to grow their wealth over time. Understanding how to reduce this drag is crucial in … Read more
Two, Four, Six, Eight! Maximize and Appreciate! In our previous two articles of a three-part series, we shared the two most common ways in which a dental practice is sold, the four ways to maximize your practice’s value, and six critical themes that create a framework to maximize your wealth and minimize your risk. In … Read more
Marketing your dental practice to younger audiences can open new avenues to expand your brand. With social media’s rising popularity, especially among the younger ages of 18 to 25, broadening your online reach can help people in this demographic find the dental care they need, which may turn into leads for your business. To emphasize … Read more
Social platforms such as Facebook have been a hub of society for years, and COVID-19 only cemented the trend. With a steadily growing number of users, most of whom are highly active, it appears to be a marketing goldmine. In reality, it can be a valuable part of your dental marketing plan, but it may … Read more
THE WHY: The Owner’s Story Stringham Dentistry is a well-established dental practice that has been serving Edmonton, AB residents and its surrounding communities for over 40 years. This second-generation practice was originally opened by Dr. Stringham Senior who was also involved in the construction of the original building. He subsequently transitioned ownership of the practice … Read more
Should parents stay or should they go? Does your office have a policy about parents being in the treatment room with the child? Decades ago, it was recommended that parents stay out of the dental operatory as it was believed that a parent’s anxiety would be transferred to the child.1 Times have changed and so … Read more
Patient experience is the most important part of any healthcare business. An excellent experience doesn’t just mean that you are likely to retain a patient – it can also help you to attract more patients through word of mouth. As well as this, all healthcare professionals strive to give the best treatment, and a patient’s … Read more
Two, Four, Six, Eight! Maximize and Appreciate! This article is the second in a three-part series that reviews some of the major considerations in preparing for practice ownership transition and comprehensive retirement planning. In the previous article, we discussed the two most common ways in which a dental practice is sold and four ways to … Read more
The new Liberal-NDP agreement suggests implementing a national dental care program for low-income Canadians. Such a program could result in the most considerable augmentation of the nation’s public healthcare system in decades. The new “supply-and-confidence” agreement between the Liberals and NDP incorporates a commitment to implementing a sustainable dentistry program. Instead of acting solely on … Read more
Practice overhead is one of the most critical metrics to track. What is your net profit? Where should it be? How you get this number is what truly matters. General practices should be at a net profit of 40% (higher is possible), yet reports show dentists are lucky to see 30% net profit these days. … Read more
THE WHY: Owner’s Story Dr. Elena Kalmantis is the proud owner and principal dentist of Loft 32 Dentistry. Her practice is strategically situated in the quaint nature-inspired town of LaSalle, a beautiful bedroom community next to the City of Windsor, Ontario. Upon graduating from Western University in 2012, she practiced as an associate for 9 … Read more
When I speak about preservation planning, I often hear, “Paul, tell me what can go wrong. What could possibly be my critical event? I am financially secure, in good health and insured for negligent acts. Preservation planning is not on my radar.” That’s a tough question to answer; we do not have a crystal ball … Read more
Nowadays, we are providing more than dental appointments, we are providing patient experiences. The patient experience is more than a buzzword. It has been proven that positive patient experiences increase health outcomes and decrease patient complaints.1 What is the patient experience? Although there is no established definition, the patient experience is more than providing care; … Read more
Two, Four, Six, Eight! Maximize and Appreciate! As the adage goes, “failing to plan can mean planning to fail.” As health care entrepreneurs, we are responsible for the creation of our own retirement pensions through a career of hard work, smart planning, and effective strategies. Planning for the day when we elect to hang up … Read more