Choosing a Dental Lab? Ask These 5 Questions First

Choosing a dental lab can be difficult. Communication is key to your relationship with a lab. Here is a list of questions to ask a prospective new laboratory before starting a business relationship. Narrowing the list to five questions was difficult, but as you will see, there are many additional questions within each category. While some of these questions may seem harsh, most labs will appreciate your honesty and direct approach toward forging a new relationship by addressing these issues upfront.

#1 “Do you use FDA-approved materials?”

This is important because you want to make sure all materials the lab uses are manufactured by reputable companies when choosing a dental lab. For example, some labs “brown bag” metal shot from a guy on the corner who makes his own copy of another manufacturer’s alloy for a fraction of the cost. When you ask for a high-gold crown, and the lab gives you an incredibly low price, you must question how this is possible. Quite often, nonprecious or other substitutes are used and passed off as the alloy of request to keep the costs down and increase profits. To ensure you are getting quality alloy, request the IdentAlloy®sticker from the manufacturer to be applied to all the invoices to certify what was used on the case.

In the case of brand name crowns, such as the many different zirconia crowns on the market, you want to know if the lab is an authorized lab for that product and if they are using genuine material. For example, is that a genuine Procera crown or Lava crown, or is it an imitation zirconia crown that costs a fraction of the price but is being passed off as the real thing? 

Remember, if the lab is offering a product at a much lower price than every other lab for the same thing, chances are it isn’t the same thing. The number of authorized Captek™ labs in the country could not produce the number of crowns being sold as “Captek.” Many labs will just cast yellow gold copings, bake porcelain on it, and call it Captek. You can contact any company and question whether that lab is an authorized user of that product.

#2 “Do you use genuine manufacturer parts and hardware for implant restorations?”

As with alloy, genuine implant manufacturer parts must be used on your restorations unless you request otherwise. There are many copycat implant manufacturers on the market today. Some make decent parts, while others are noticeably inferior. If you choose to use imitation parts, that is your prerogative. But if you ask for a genuine Nobel Biocare™ bridge and the lab uses a knockoff, that is a severe offense. The manufacturer’s warranty is voided, and you will be responsible for a full charge on the remake. If the implant failed, the surgeon or periodontist would be accountable for the new implant. It is not uncommon for labs to use plastic imitation components and pass them off as genuine. Just as you might question the ethics and reliability of a competing dentist who charges one-third of every other dentist’s fee in the area, you must ask how a lab can offer any implant restoration at such a low cost. If you want to save money on parts, the way to do that legitimately is to get your account, buy your parts, and supply them to the lab to use. You may even be able to get a discount on the parts.

#3 “How do you perform quality control checks on your work?”

How does a lab make sure you are getting a good piece of work? If the turnaround time is swift, you must consider when that lab owner or technician will check the result. For example, when choosing a dental lab, consider what it takes to make a single porcelain-fused-to-metal (PFM) crown: The models need to be poured, “Pindexed” (or similar system), and counter models poured and mounted. The dies must be trimmed, die spacer applied, then waxed to correct contour. A sprue must be added, then placed on a base. Since it makes more sense to group wax-ups in a casting ring, a technician will wax more than one case and invest them all for overnight burnout. Is there someone in charge of quality control on these wax-ups to ensure that the wax-up is correct?

The ring will be cast, divested, and finished. Is there someone who makes sure that the coping is completed correctly to the exact specifications and desired alloy? The coping is cut back and opaqued to the desired shade. Finally, the ceramist will apply the porcelain. A final quality control day is required. If something needs to be adjusted, fixed, or remade, an extra day is more helpful. 

An average lab will take at least seven to eight days to do this entire work, not including the pickup. If a lab is taking three to five days for a single PFM, how does quality control happen? How is the work being performed? Does the lab have full-time employees or subcontractors who come in after-hours and knock out a few units? Is the work performed at the lab? Find out how many technicians work at the lab, and ask if they all work full time. A consistent team of technicians supplies a consistent quality of work. If the lab allows after-hour technicians to come in after their workday at another lab to do a few units, consistency and quality will suffer.

#4 – “Do you send your work offshore?”

Many labs send their work to China, Korea, India, the Philippines, Mexico, Costa Rica, or any other country with low labor and production costs. They do this without telling the dentist. These countries do not have the FDA or ADA compliance laws to ensure that approved materials are used. 

Lead-laced alloy and porcelain on PFM crowns have already been reported in this country in the last few years. The patient’s and the dentist’s health — who inserts, grinds and adjusts the crown — are at risk with these contaminated crowns. The labs can get crowns as low as $29 from overseas labs and resell them at a lower rate than other American labs, but still at a significant profit. Some labs advertise this fact and offer low prices to the dentist. When choosing a dental lab, ask yourself how a crown that contains palladium, gold, or silver alloy, ADA-approved materials, porcelain, and that is made with quality craftsmanship cost less than $150? Many labs do not tell you they are sending the work overseas; they pass it off as their own.

#5 – “May I inspect your lab?”

Ask, and then do it! Meet the lab owner and the quality control guy. Meet the office staff. Take a tour of the lab. Is it clean? If this is a quality-oriented lab, then the facility should follow suit. Why would you accept a dirty, pumice-covered, chaotic mess of a dental lab instead of a professional-looking establishment when you are choosing a dental lab? You should examine the work pans and look at the work coming in and going out. Are the pans covered in plaster and the models and articulators sloppy and dirty? Do the impressions look like the kind you would send? Are the work desks neat? Do the technicians take care of the equipment and respect their tools? Ask if there is an inventory closet or area where they keep their implant hardware. Take a look and see if they stock genuine parts. Ask to see all the pans. Look for a wall or shelf that has many empty pans with prescriptions in them. Ask why they are empty. Chances are the work has been sent offshore to be completed by another lab.

Talk to the owner and see if you get along. 

The key to the dentist/lab tech relationship is just that — it’s a relationship, not unlike a marriage. You will work together through thick and thin, so you must have a rapport with each other to be able to talk about anything without fear. The lab owner must be able to call and question a bite, a die, or any discrepancy in your impression or model without fear of an argument or losing you as an account. You must be able to suggest tighter or looser fits on crowns and question overall quality without fear of a fight. If you have an understanding, you will have many years of a great working relationship.

Transition Safely After Choosing A Dental Lab

  1. Don’t send all your work in one shot. 
    Send a few cases one at a time and build the relationship from that. – At Zircon Lab, we offer three free coupons for any crown to be used at any time. 
  2. Do not send failed cases from a previous lab.
    It is not fair for the new lab to be held accountable for another lab’s case, and even though you say you won’t, you will judge their work on this case.
  3. Feel each other out to make sure the owner knows what you want, and correct the lab when something is done wrong.
    It would help if you had a foundation for a relationship between the fifth and tenth case. If this does not happen, you may not be compatible; maybe you are not meant to work together. If that is the case, leave on good terms. You never know in a few years you may meet again, and circumstances may have changed; this lab may be able to give you what you were looking for the first time.

By Steven Pigliacelli, CDT, MDT

At Zircon Lab, we only use FDA approved materials and genuine manufacturer parts and hardware for implant restorations. Every case is quality checked before shipping. All of our restorations are custom designed and handmade in the USA by highly trained and experienced technicians. We are always open to any dentist visiting us to take a tour of the lab. Zircon Lab believes that quality work plus exceptional service equals beautiful results.

Retirement – Are you Planning For Your Future?

Planning and saving for retirement doesn’t just happen independently; It takes a lot of planning, commitment, and most importantly, it takes money.

It’s a proven fact that less than half of Americans know how much they need to retire. Some businesses do not offer 401K plans, which can affect your plans for saving. Whether or not your company offers a 401k plan, you must set goals, start saving and keep saving.

If you’re not currently saving, start small and work your way up. Make saving for retirement your number one goal, and remember it’s never too early or too late to start saving. You will more than likely need at least 90% of your preretirement income to maintain your standard of living when you retire. Once all of your debt is paid off, and your employer offers a 401k plan, or you go elsewhere to invest, make sure you contribute all that you can.

Over time, compound interest and tax deferrals make a big difference in the amount you will accumulate. Find out how much you will need to get the full contribution from your employer. Once you build your retirement savings, never touch it. Life happens and can become difficult at times, but never fall back on your retirement no matter what you do. You will lose principal and interest and might end up paying withdrawal penalties. If a change in jobs happens in your future, make sure that you keep your savings and roll them over into your new employer’s retirement plan or an IRA.

When you open an IRA, you have two options, Traditional or Roth. IRS’s can be an easy way to save in addition to your 401k plan. No matter what methods you choose to start planning and saving for your retirement, you must remember that it takes goals, commitment, and money.

Bill Pay – How To Collect Outstanding Debts

It’s always best to encourage your patients to pay at the time of service. Many staff members can become nervous or uncomfortable when asking patients to pay their bill. 

Recruit The Right Staff

It would be best if you had someone with a strong and confident personality to get the payments at the time of service. It’sIt’s crucial to have a system that works in your office. 

Discuss Bill Charges Before Procedures

Communication is the key to getting your payments on time. Ensure your staff is explaining to the patient precisely what services they will be performing, how much everything will cost, and most importantly, confirm that the patient is accepting your treatment plan and prices.

  • For example, Your staff should never tell the patient they are due for x-rays and perform the service without confirming that they are comfortable with the extra expense.

Active Communication is Always Better Than Passive

Display signs in your waiting room explaining to the patients to please update any insurance changes pay at the time of service, or please prepay before your appointment is not acceptable. 

These signs will ultimately take away from the communication between your staff and your patients. Inform your patients what to do at their appointments. This is why you pay your team. 

Ask & You Shall Receive 

The most effective way to receive your payment is to have your staff ask for payment after rendered services. 

The staff member asking for the payment should always be prepared to present the bill to the patient and explain all services and costs. If the patient is unable to pay in full at the time of service, always have options for a payment plan ready to discuss in private with the patient. Remember, some payment is better than none, always try your best to accommodate the patient with affordable payment plans if necessary.

Offer Many Ways To Pay 

Always accept all major credit cards, checks, and cash. Make the process as convenient and straightforward as possible for the patient.

Protect Privacy

It is crucial to respect your patient’s privacy. Make sure your office allows complete privacy between your patient and your staff member asking for the payment. Have a staff member escort the patient to the front desk after their completed exam. 

It’s never easy to discuss money, but clear and direct communication will improve your dental office’s financial situation.

Patient Referrals – Grow Your Dental Practice

Marketing your dental practice can be time-consuming and expensive, but it doesn’t have to be. Use the resources you already have – patient referrals.

Existing patients will always recommend a dental practice they love to their family, friends, and co-workers. Still, the key is to make certain all of your existing patients are happy and satisfied for them to do this for you and your practice.

PATIENT REFERRALS – GIVE THANKS

Always let your patients know how much you appreciate them and reward them for their patient referrals. Place yourself in the shoes of a brand new patient; what are some things you would look for in a dental practice that you were visiting for the very first time?

THE WAITING ROOM

Start with the waiting area; this should be an inviting, peaceful area. Talk with some of your existing patients and see what they would change about the waiting room. Remember, the waiting room is the first impression of your dental practice. The purpose of an inviting, peaceful waiting room is not to keep your patients waiting.

BE ON TIME

Make it your number one goal to always see patients at the time of their scheduled appointment. Patients should never wait for more than 10 minutes.

GET TO KNOW YOUR PATIENTS

When seeing a patient for the first time, always introduce yourself and ask them questions to get to know them. For example: Do you have any big plans this weekend? Never get too personal at a first meeting; keep it simple and let the patient open up to you. This will allow you to feel the patient out and see how much they want to talk or not. Some patients will want to get the appointment over with and want nothing to do with “small talk.” Learn to read your patients, as every patient is different.

ANSWER THEIR QUESTIONS

Make sure you never make your patients feel stupid or uncomfortable. There is no such thing as a silly question. Try your best not to call your patients out. About 50% of your patients will lie about flossing, so if the patient says they floss and you can tell they do not, then explain some tips to floss more accurately. Treat every patient the way you would want to be treated. Every patient should feel like the most crucial person in your office. If you and your staff are successful in making all of your existing patients 100% happy, then this will be your number one recourse for inexpensive marketing for your dental practice.

Pink Festive Engagement Announcement Facebook Post

Routine Appointments – The Key to Client Retention

Getting your patients to schedule routine appointments is extremely important to make your dental office successful. Having a scheduling system that flows smoothly is the key to patient satisfaction and building revenue.

SEPARATE ADMIN OFFICE HOURS FROM PROCEDURE HOURS

No matter the office’s size, the Doctor must set several hours each week he or she would like to see patients. This time is separate from office hours; this is strictly seeing and working on patients. Once the hours are determined, the Doctor can decide how to staff the office to ensure each patient is taken care of promptly. Never double-book your patients. Each patient deserves your undivided attention; this makes the patient feel very comfortable in an uncomfortable setting. If you see a new patient for the first time, allow a little more time in your schedule for them. It’s important to explain everything in detail to brand new patients; this will keep them coming back.

ORGANIZE AND APPOINT YOUR STAFF

Try and organize your day by patient type/procedure type. For example, if you have your regular patients who need a simple cleaning, schedule them in the mornings to create easy patient flow, and schedule patients who need procedures done later. Dedicate one person or a scheduling team to make appointments, avoid just any employee having the capability to schedule appointments; this will reduce scheduling conflicts.

EDUCATE YOUR STAFF

Make your staff aware of the importance of getting your patients to schedule routine appointments. Having good patient flow creates good revenue, which is what pays the employees’ salaries. Never let a patient leave your office without scheduling their next appointment, whether it’s a cleaning or a crown/bridge seat.

REMIND YOUR PATIENTS OF THEIR ROUTINE APPOINTMENTS

Cleanings are scheduled every six months, which is a long time in your patient’s busy life, so create a system to mail a postcard one month before the patient’s appointment and then give a courtesy call the week of the appointment. Your patients will love you doing the work for them. If your office follows these strategies, you can quickly get your patients to schedule routine appointments and increase office flow and revenue.

Dental Work Made In China Might Contain Lead

By ROBERTA BASKIN and SANDY BERGO

When Faye Lewis became concerned about her painful new bridgework, she had it checked out and received disturbing news: Her bridge was manufactured in China and tainted with lead. More dentists are using crowns and bridges made in China. According to the United States Customs Office, the number of dental work products coming into the United States from China has doubled in the last year. An investigation by ABC News affiliate WJLA-TV found that at least some of those dental products contain lead.

Lewis initially went to have a chipped tooth fixed, but her resulting bridgework fit so poorly and painfully, she couldn’t chew her food. The 73-year-old told her dentist what she wanted to do was chew out whoever built her bridge. According to Lewis, her dentist replied, “That will be a little hard to do because they’re in China.” As a grandmother, Lewis was aware of news reports about the recall of lead-tainted toys from China. Lead accumulates in the body and can affect kidneys, eyes, heart, the immune system, and cognitive function. So Lewis sent her dental work to a lab for testing. The results showed that it did indeed contain lead.

Ricki Braswell, co-executive director of the National Association of Dental Laboratories, said there is little regulation regarding dental work. “Because you have an unregulated industry, you don’t have standards,” Braswell said. “You don’t have standards in the domestic industry. You certainly don’t have standards in the foreign industry.”

Dental Work – Don’t Ask, Don’t Tell

Tony Prestipino, who owns Artifex dental lab in Virginia, ordered ten crowns from three dental labs in China on behalf of WJLA. Crowns from China sell for $30 to $50 to dentists, who then can charge up to $1,200 to patients who don’t know the crowns were made in China. A Chinese lab representative told Prestipino over the phone, “We follow this military ‘don’t ask, don’t tell’ policy.” Within five days, the crowns arrived. “The first thing I see is that this is a horrible color and a horrible shape,” Prestipino said. Those crowns had problems similar to Lewis’. They didn’t match the prescription and never would fit properly. When that happens, Prestipino said, “bacteria seeps right into it. You will end up needing a root canal.” If Lewis’ bridge hadn’t fit so poorly, she never would have had it removed or tested for toxic materials. Next, WJLA had the China-made crowns tested for lead at NSL Analytical in Cleveland. Using a sophisticated process that takes days to complete, the lab did not find lead in any of the crowns’ metal portion. But in every case, lead contamination was discovered in the crown’s porcelain parts at some very high levels. “We never expected to see lead in teeth,” said NSL president Larry Somrack. In the crowns tested, the lead levels were as high as 490 parts per million. That’s five times higher than the 90 ppm a Congressional committee wants the U.S. to set for toys. Faye Lewis believes that money is behind the increased use of dental work from China. “It’s a cost factor. It’s the big dollar,” she said.

ADA Conducting Investigation

The Centers for Disease Control and Prevention says it does not believe the lead levels found pose an immediate health risk and doesn’t recommend people delay dental work or have prior work redone. Meanwhile, the American Dental Association is investigating of its own. The ADA plans to analyze up to 100 crowns blindly; about 50 percent will be from the U.S. and the other half from foreign countries. Cliff Carey, an analytical chemist with the ADA, says the organization hopes to finish the study within a year and provide the CDC results. In the testing conducted so far, Carey said that no lead was found in the crowns. The ADA is testing porcelain powders and has found traces of lead, but in minimal amounts, he said. The ADA encourages patients to discuss any concerns about the safety of their dental crowns or other prostheses with their dentists and will continue to share information on this issue.

Know What Goes In Your Patient’s Mouth

If your Dentist is using Zircon Lab located in Lenexa, KS for your crown and bridge dental work, then you are guaranteed that your Dentist has chosen a Certified Dental Laboratory to fabricate all of your dental restorations. The National Board of Certification awards its certification only to laboratories that demonstrate adherence to the highest standards. Your dental restoration is always custom designed and handmade in the USA by highly trained and experienced technicians. We use only the finest dental materials available in the fabrication process. Have your Dentist contact Zircon Lab today. 

Flossing – Show Your Dental Patients How

Most patients will either find excuses not to start flossing their teeth or see it as a very inconvenient process. Most dentists like to think this is a part of everyone’s morning and nightly routines, but this is usually pushed aside. Most dentists would say there are convenient ways to floss to address any excuse your patients might have. Some patients will only floss right before their dentist appointment and think that is sufficient to prove to their dentist that they do floss – Wrong!

A recent survey found that only 49% of Americans floss daily, and 10% never floss. This statistic is very disappointing to dentists since they believe that flossing is more important than brushing.

Flossing is the number one way to help prevent periodontal disease and tooth loss. The number one excuse why your patients do not floss is because they think that the only time you need to floss is if you feel like there is food stuck in between your teeth, this is not true. The main reason you floss is to remove plaque, which causes tooth decay, inflamed gums, periodontal disease, and eventually, tooth loss.

A lot of patients will claim that they do not know how to floss. Make it part of your patient’s dental exam to show them how to floss their teeth appropriately. Just getting the floss in between the teeth is not the key; you must follow the teeth’ contours and form a C shape once the floss reaches the gum. Do not ignore your back molars; this is where most decay occurs. Daily flossing your teeth will not only give you a beautiful smile but will also help prevent much more serious diseases, some of which can be life-threatening.

Routine Appointments – The Key To Patient Retention

Getting your patients to schedule routine appointments is extremely important to make your dental office successful. Having a scheduling system that flows smoothly is the key to patient satisfaction and building revenue.

Separate Admin Office Hours From Procedure Hours

No matter the office’s size, the Doctor must set several hours each week he or she would like to see patients. This time is separate from office hours; this is strictly seeing and working on patients. Once the hours are determined, the Doctor can decide how to staff the office to ensure each patient is taken care of promptly. Never double-book your patients. Each patient deserves your undivided attention; this makes the patient feel very comfortable in an uncomfortable setting. If you see a new patient for the first time, allow a little more time in your schedule for them. It’s important to explain everything in detail to brand new patients; this will keep them coming back.

Organize and Appoint Your Staff

Try and organize your day by patient type/procedure type. For example, if you have your regular patients who need a simple cleaning, schedule them in the mornings to create easy patient flow, and schedule patients who need procedures done later. Dedicate one person or a scheduling team to make appointments, avoid just any employee having the capability to schedule appointments; this will reduce scheduling conflicts.

Educate Your Staff

Make your staff aware of the importance of getting your patients to schedule routine appointments. Having good patient flow creates good revenue, which is what pays the employees’ salaries. Never let a patient leave your office without scheduling their next appointment, whether it’s a cleaning or a crown/bridge seat.

Remind Your Patients Of Their Routine Appointments

Cleanings are scheduled every six months, which is a long time in your patient’s busy life, so create a system to mail a postcard one month before the patient’s appointment and then give a courtesy call the week of the appointment. Your patients will love you doing the work for them. If your office follows these strategies, you can quickly get your patients to schedule routine appointments and increase office flow and revenue.

Patient Referrals – Grow Your Dental Practice

Marketing your dental practice can be time-consuming and expensive, but it doesn’t have to be. Use the resources you already have – patient referrals.

Existing patients will always recommend a dental practice they love to their family, friends, and co-workers. Still, the key is to make certain all of your existing patients are happy and satisfied for them to do this for you and your practice.

Patient Referrals – Give Thanks

Always let your patients know how much you appreciate them and reward them for their patient referrals. Place yourself in the shoes of a brand new patient; what are some things you would look for in a dental practice that you were visiting for the very first time?

The Waiting Room

Start with the waiting area; this should be an inviting, peaceful area. Talk with some of your existing patients and see what they would change about the waiting room. Remember, the waiting room is the first impression of your dental practice. The purpose of an inviting, peaceful waiting room is not to keep your patients waiting.

Be On Time

Make it your number one goal to always see patients at the time of their scheduled appointment. Patients should never wait for more than 10 minutes.

Get To Know Your Patients

When seeing a patient for the first time, always introduce yourself and ask them questions to get to know them. For example: Do you have any big plans this weekend? Never get too personal at a first meeting; keep it simple and let the patient open up to you. This will allow you to feel the patient out and see how much they want to talk or not. Some patients will want to get the appointment over with and want nothing to do with “small talk.” Learn to read your patients, as every patient is different.

Answer Their Questions

Make sure you never make your patients feel stupid or uncomfortable. There is no such thing as a silly question. Try your best not to call your patients out. About 50% of your patients will lie about flossing, so if the patient says they floss and you can tell they do not, then explain some tips to floss more accurately. Treat every patient the way you would want to be treated. Every patient should feel like the most crucial person in your office. If you and your staff are successful in making all of your existing patients 100% happy, then this will be your number one recourse for inexpensive marketing for your dental practice.

10 Dental Lies That Need To Stop in 2021

As humans, we tend to believe things that are not necessarily true because they fit our view of the world. Even one dental lie or innocent self-deceptions may seem harmless but can be very costly to professional practice in time, money, and satisfaction. As advisors to dentists, we have found the following to be the most common “lies” dentists tell themselves:

Dental Lie #1. “I am a doctor, not a business owner. Success is guaranteed.”

Many dentists struggle with the challenges of owning a business. Some will proudly tell you that they didn’t become a dentist to profit, but rather to help people treat dental diseases. Being a financially successful dentist and being a good doctor is not mutually exclusive. To be there to treat your patients, you or your employer must make a profit. In today’s world, you must devote time to the business side of your practice.

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Dental Lie #2. “Budgets are a waste of time. I check whether I’m doing better than last year.”

Just the sound of the word “budget” sounds confining and restrictive. We all want the freedom to spend as we please. Ironically, when budgeting is proactive, the process “frees

up” money that tends to get wasted. Budgets provide the dentist with three significant benefits:

  • Budgets set revenue and expense goals. Studies have shown that people are more likely to accomplish written goals than those that are not.
  • Budgets ensure the efficient use of resources. Setting and reaching revenue goals ensures that cash is available to meet all obligations. Expenditure goals ensure that resources are directed toward those activities that will move the practice forward toward a well-defined goal. Finally, a dentist is less likely to impulse buy because expenditures have already been budgeted. 
  • The budgeting process helps the dentist internalize the practice goals, resulting in better practice management decisions.

Depending upon last year’s numbers, managing one’s practice is like driving a car by looking in the rearview mirror. Start budgeting and experience freedom.

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Dental Lie #3. Scheduling for production is all about money.

One of the most dramatic improvements you can bring to your practice is to learn to schedule for productivity. Often, practices confuse being busy with being productive. Scheduling for productivity is about time management. A sound scheduling system maximizes the efficient use of both doctor and staff time. Done well, scheduling can reduce patient’s and staff’s stress, improve patient satisfaction, and reduce the time a patient will need to spend in your chair. A few dollars spent with a qualified consultant can pay big dividends.

“One of the important lessons doctors must learn is that each and every one of their staff contributes to their success or failure. […] Being appreciated is one of the top reasons employees continue to work for a particular employer.”

Dental Lie #4. “I have more important things to do than plan my equipment purchases. I can wait until it wears out and then buy what’s currently “hot” at the dental convention.”

Planning equipment purchases seems like a mundane task. However, the money saved by doing this planning can be pretty exciting. Most practitioners finance the purchase of dental equipment if the amounts are significant. However, by planning and saving rather than borrowing, the results are positive and dramatic. If a dentist expects to acquire $50,000 of dental equipment in three years, merely setting aside the funds in an equipment reserve account can save $8,200 (assumptions are 5% rate of return, 40% tax bracket, 7.5% interest rate, 60-month repayment term for equipment loan). Money-saving ideas occur when the dentist develops and works a good business plan in partnership with an accountant that understands the dental industry.

Dental Lie #5. “Staff is all overpaid and don’t appreciate their job – or me.”

One of the most critical lessons doctors must learn is that every one of their staff contributes to their success or failure. Studies have shown that 68% of patients that leave your practice do so because of something your team has done. It would help if you created a culture where everyone works towards practice success. Being appreciated is one of the top reasons employees continue to work for a particular employer.

Dental Lie #6. “Leadership training doesn’t apply to our practice. We’re all professionals and know what we’re doing.”

How would you feel if you were boarding a flight to London and overheard the pilot say, “We don’t need a flight plan today; we can just ‘wing’ it?” Most people would feel nervous and uncomfortable because they want the pilot to know the best course, be aware of bad weather, and anticipate air traffic conflicts, so they arrive at their destination safely and on time. Likewise, patients and staff want the dentist to have a clear idea of where the practice is going and assume a leadership role. When everyone is pulling in the same direction, astounding results occur. If each person on your dental team cannot be articulate and enthusiastically support the practice goals, the practice has a leadership vacuum. You are the person responsible for filling that vacuum. Improve your leadership skills, and your practice performance will soar.

“Waiting even five years [to plan for your retirement] can cost you a large amount of money, and putting off funding retirement indefinitely will most assuredly put your ability to retire at all in jeopardy.”

Dental Lie #7. “Staff meetings are a waste of time and money.”

One of the symptoms we see when a practice is struggling is the lack of communication between doctors and staff. Well-run practices understand the value of staff meetings. Staff meetings take several forms. Each day should start with a morning huddle to review the day about to take place. At least monthly, the practice should set aside a couple of hours for a full staff meeting. The staff meeting is an excellent opportunity for training, problem-solving, reviewing systems, and holding team members accountable.

Dental Lie #8. “Our practice is not experiencing any problems. We can afford to coast.”

After working hard to build a practice, a dentist must guard against complacency. Little thoughts creep into one’s mind, “Everything is going well. I think I’ll coast for a while. I deserve it.” In times past, people manufactured horse-drawn carriages, steam locomotives, slide rules, and typewriters. Today all of those once-useful products are obsolete. We sometimes forget that the world is continuously changing, and if we are not constantly changing, our dental practices become outdated. If your practice looks the same as it did three years ago, it is likely a red flag warning you to innovate, upgrade, and improve. A dynamic business plan will include innovation and improvements. Create or update your project, and use it as a daily guide.

Dental Lie #9. “My bookkeeper will never embezzle my company.”

Of course, we trust our employees; we would never hire a person we don’t trust. Trust is crucial to running a successful business. As prudent business owners, we always insist on honesty and ethical behavior. Despite the best intentions, a substantial number of dental practices (15% to 20% by most estimates) unfortunately experience fraud or embezzlement. To protect business assets while simultaneously maintaining high employee morale through mutual trust and support, a dentist must implement and maintain “internal controls.” Internal controls are self-checking systems that frequently alert the owner whether business assets are handled responsibly. Internal controls can include a record like a day sheet, a procedure such as checking daily production totals against the schedule, or a policy such as “the dentist must always sign checks.” If you are unsure whether your internal controls are protecting you, contact your dental CPA.

Dental Lie #10. “I can wait until later to start funding my retirement.”

We believe the first day a dentist should begin planning for their retirement is the first day of practice. Developing the discipline to save for retirement early is the best way to meet your retirement goals. Consider five different dentists who contribute $25,000 per year towards retirement but started at different ages (35, 40, 45, 50, and 55) and earn a rate of return of 6%. The dentist who begins at age 35 contributes a total of $750,000 and accumulates $1,976,455. The dentist who waits until age 40 only earns $1,371,613. Waiting to start at age 45 only allows the dentist to collect $919,640. Only waiting until age 50 results in only $581,899, and $329,520 if you wait until age 55. Waiting even five years can cost you a large amount of money, and putting off funding retirement will most assuredly put your ability to retire at all in jeopardy. There are many qualified plan choices for dentists today that provide flexibility and tax advantages. Your dental CPA can help you choose the best plan for you to meet your retirement planning goals.

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