Dentist

views updated Jun 11 2018

Dentist

BUSINESS PLAN     STANLEY M. KRAMER, DDS, LLC


43110 Gillette Street
Omaha, Nebraska 68110


The goal of this business is to provide high quality general dentistry with a moderate to high price using the highest technology possible. Prices will be justified by the advanced technology used and the lifestyle conveniences that the dental practice will offer. The dental practice will be positioned as a place one can get high quality dental work in an environment of convenience and technology.


  • executive summary
  • marketing plan
  • operational & organizational plan
  • financial policy
  • financial plan
  • financial statements
  • possible pitfalls
  • positive points
  • appendix

EXECUTIVE SUMMARY

I am preparing this business plan to discuss the dental practice that I am planning to purchase upon my graduation from dental school. Upon graduating, I will do an associateship with the potential for buyout, in a practice in Nebraska. This will allow me to spend one year determining if Nebraska is where I want to live long-term and will familiarize me with the practice that I could possibly buy. After the year is over, if I am pleased with what the practice has to offer, I will buy it. If I am not satisfied with its performance, I will have spent time researching other practices that are or will be going up for sale. After approximately a year of my building up the current client base, my father, who is also a dentist, is planning to move to Nebraska to work with me as an associate. He will sell his current home and practice and work for me until he decides to retire. This arrangement works in both my father's and my favor. This allows me to work with a dentist who has over 25 years of experience in the practice and business of dentistry. This gives my father an opportunity to make a comparable living to what he is currently making without the responsibilities of an entrepreneur. As he nears retirement (he is currently 52 years old), he will reduce his hours and patients.

In evaluating a location for a dental practice we are looking for an area of growth and culture, namely an affluent, western suburb of Omaha, Nebraska. We have chosen this general area for various reasons. The main reason being that we love all that this area has to offer in raising a family. Further we feel strongly about living in a location that you would also desire to spend your retirement in. The suburbs of Omaha are growing rapidly and do not have enough dentists to meet the needs of the people. I plan to buy a practice in a highly traveled, suburban area of Omaha that has the patient and facility capacity for two active dentists. In 1995, almost 20 percent of all private dental practices were two-dentist practices, so this should not be too difficult to find ("Key Dental Facts," p. 17). Working with the retiring dentist will allow me to learn his practice management style and to foster a relationship with the client base. This is very important, as with many businesses, the client list and work force is the most valuable asset of a dental practice. Also this affords me the opportunity to understand the management philosophy of the past dentist, so I will be able to make gradual changes that do not cause too much dissension from the staff. If a dental practice with capacity for two dentists cannot be found, I will buy a single practice office and expand it to suit two dentists. I will use savings accumulated during my year as an associate to pay for the down payment of the business loan and finance the business through a bank, the Small Business Administration, or through a broker.

My father should not have great difficulty selling his practice, as his is the largest practice in the area. Also, there are dental brokers that buy practices to sell them at a higher price. In the worst-case scenario, my father could sell his practice to one of these brokers.

Company Description
Purpose of the Service

My goal is to provide high quality general dentistry with a moderate to high price using the highest technology possible. My prices will be justified by the advanced technology used and the lifestyle conveniences that the dental practice will offer. The dental practice will be positioned as a place one can get high quality dental work in an environment of convenience and technology. Due to the increase in two-income families, many service-oriented professions are leaning toward differentiating themselves on the basis of convenience. This is what I intend to do when I have completely taken over this business from its previous owner and have hired an associate, namely my father. For instance, we plan to have two shifts, an early morning shift and an evening shift in which the practice will be fully functional from 7 a.m. to 7 p.m. or later on various days of the week. We also plan to work rotating weekends to offer Saturday service twice a month. We feel that the main beneficiaries to these services are professional, high-income individuals that do not feel that they can take time out from work to go to the dentist. We are also considering hiring part-time help to do filing and various other work during the day and to act as a sitter so that parents can leave their kids while they are receiving dental care.

Related Services and Spin-offs

Possible related services include:

  • Tooth Whitening
  • Smoking Abstainment Treatments
  • Practice Management Seminars
  • Dental School Instruction
  • Tempromanibular Joint Disorder Treatment
  • Implant services
  • Free screenings for children in severely/profoundly retarded care centers and schools
  • Having a yearly "Sealant Day" and "Dental Awareness Day" at local grade schools
  • Nursing home screenings

Stage of Development

Stanley M. Kramer, DDS, LLC is still in the idea stage as I will not have my dental license until August 2001 and my father has not actively looked for a purchaser for his practice. Between now and when I graduate, I plan to accept a position with a retiring dentist with a contract giving me first option to buy the practice.

Service Limitations

A restrictive covenant will be included in my contract with the former dentist. This non-competitive clause will ensure that the dentist does not sell me the practice and then set up a practice next door. It also ensures that I do not work with the dentist and then set up a practice down the street using the patient base I have seen while working with him. Further, we will not participate in any HMOs or Managed Care Insurance, as it is my belief that these cost dentists more than it makes them and reduces their treatment alternatives (see Appendix).

Government Approvals

In June 2001, after passing the Central Regional Dental Test required by the American Dental Association, I will receive a license to practice dentistry in the central region of the United States, which includes Nebraska. My father has already applied for and received his Nebraska license. The practice will apply for any applicable city, county, or township licenses that apply, a Drug Enforcement Agency permit to prescribe controlled substances, and any applicable licenses for such items as administration of general anesthesia or conscious sedation. Compliance with the Occupational Safety and Health Association (OSHA) standards set by the previous owner must be maintained.

Service Liability

I will purchase malpractice insurance to protect myself against any malpractice suits raised. Even the best, most conscientious dentist can be sued; therefore, malpractice insurance is an essential part of dentistry. The type of malpractice or professional liability insurance I will buy is an occurrence policy. If the policy would expire before a claim arises, the insurance company will still defend the dentist and pay any settlement or court-awarded judgement that occurred while the policy was in force that does not exceed the limits of the policy. Disability insurance provides continuing income in the event that an injury or illness prevents me from practicing. Adequate amounts of disability income and medical expense insurance will be maintained to cover the costs of treatment and ongoing family expenses until re-entry into active practice is possible. The insurer will require proof that you are in good health, as no company will cover potentially disabling conditions present prior to the date coverage is issued. It is essential that I purchase as much non-term type disability insurance as possible while I am young and healthywaiting until I am older could cause me to be uninsurable or cause my premiums to be astronomical. I will also carry business liability and property insurance and any other insurance we deem necessary after receiving counsel from my lawyer and insurance agent. Health insurance and workers' compensation will be provided for our employees and myself as part of their benefit package. We feel that this is mandatory to ensure that they do not leave the practice for one that does offer these benefits.

MARKETING PLAN

Current Market Size & Growth Potential

The dental profession is one with a very low failure rate and a high propensity for profit. These were two areas I examined before selecting a profession. According to the American Dental Association (ADA), dental offices are the third highest-ranking category of start-up business most likely to survive. The average income of a dentist is in the highest 8 percent of U.S. family income. As the growing population becomes better educated and more wealthy, people demand better dental care ("Starting Your Dental Practice," p. 4). Annual spending for dental services has risen from $13.3 to $45.8 billion, an increase of 244.4 percent, from 1980 to 1995 ("Key Dental Facts," p. 8). The advancements in cosmetic dentistry provide new venues of service for the general dentist to offer. Also, with the increase in non-capitation dental insurance, many people who could not previously afford dental work are now part of the patient pool. Of the total population over the age of 2, 40.5 percent are covered by private dental insurance. Sixty percent of those with dental insurance have an annual income of $35,000 or more and 51.4 percent have an education level of 13 or more years. Also, 45.4 percent of all American children ages 5-17 are covered by dental insurance ("Key Dental Facts," p. 9).

The average dentist to patient ratio is 1 to 1,600-1,700 ("Starting Your Dental Practice," 9). Nebraska as a state has a ratio of 1 to 2050 and an expected population growth of 11 percent by the year 2001. Further, 21 percent of the general dentists in Nebraska are over 55 years old and many are looking to sell their practices and retire. Nebraska is a very educated state with24.9 percent of its residents having a college degree and over 75 percent of its residents working in white-collar positions. The average household income in Nebraska was $34,938 in 1996 and is projected to increase by 10.8 percent by the year 2001 to $41,328 (ADA County Reports).

Various demographic profiles in Nebraska:

NebraskaDouglas WashingtonCassSaundersSarpy
CountyCountyCountyCountyCounty
Population in 19963,833,144459,920499,68018,021493,656310,568
1990 to 1996 Population Growth Rate16.417.56.939.912.617.2
Projected Population by 20014,251,171513,189522,61722,141535,764345,977
1996 to 2001 Projected Population
Growth Rate10.911.64.622.88.511.4
Median Household Income 199628,08742,03328,40939,45043,33033,045
Average Household Income 199634,93853,17738,34345,37250,79738,409
% Change in Number of Active
Dentists in area3.91.6-2.137.5-2.837
Total Number of General Dentists1,86925132210256105
General Dentists Under 35224333622917
General Dentists 35 to 4464411510828541
General Dentists 45 to 54611698548329
General Dentists 55 to 64267216023613
General Dentists over 6512313330235
Patients per Dentist ratio 1996205118321552180219282958
Number of dentists that will be in
retiring age within next 10 years1001103178614247
% of dentists that will be in retiring
age within next 10 years544155605545

Customer Profile

  • Middle to high income
  • College educated
  • White collar
  • Married with children
  • All ages
  • Two-income families

Target Market

  • Current patients of the practice we purchase (2,500 to 3,000 patients)
  • Professionals that need the convenience factors we will offer
  • Stay-at-home mothers that need a place to keep their children while they receive dental work
  • All other dental patients who will pay a premium for convenience

Customer Benefits

Various customer benefits include:

  • Two highly skilled dentists to be treated by, one with over 25 years of experience and the other with the boundless energy and enthusiasm of a recent graduate
  • Extended hours on various nights of the week
  • Saturday hours two times a month
  • Childcare while receiving dental work
  • Use of advanced technology in treatment and patient education
  • Discounts for referrals

Market Penetration

Current patients of the practice purchased will receive letters of notification of the change in practice ownership and management. I will give my background and experience information and tell the patient that I hope to maintain their business. I will set up a "Meet the Doctor" picnic, where all patients will be invited. We will also offer free family consultations to discuss any concerns the patient might have. We will also advertise our benefits in the local papers and telephone books and send out direct-mail information advertising our practice. Current patients will be given referral cards that give both the current patient and patient referred a discount for services after the new patient has received a cleaning and consultation. Advertisements will be taken out in the local paper promoting discounts on whitening procedures. Once the patient comes in for whitening, I will sit down with the patient and discuss other ways to improve the aesthetics of their teeth. If they like the service that they are given, they may become patients or at least give good word-of-mouth advertisement. Other incentives will be given to attract new patients and maintain current ones.

Internal Marketing

The goal of Internal Marketing is to make current patients continue their patronage and to encourage them to refer our services. This can be done by first and foremost treating them with respect. This office will also give each patient the highest quality dental treatment possible, while offering competitive prices. Treatment is to be presented to patients by the doctor only. Treatment will be presented by encouraging the patient to ask questions and asking open-ended questions to prompt discussion. Visual aids will be used when necessary and intraoral pictures will also be utilized. A benefit for the patient will be given to help them see the need for treatment (i.e. "So that tooth doesn't fracture further and cause you more expense and pain, I recommend we start a crown on that tooth as soon as possible.").

To stimulate referrals from existing patients at the end of the dental appointment we stress to them their importance in our dental office and request that they refer family and friends to our office. In order to maintain a strong patient base and retain active patients, a patient should have either a restorative appointment and recall appointment or be in the recall system to call on a specific month for a specific procedure. Various other ways to promote our office to already active clients and induce them to refer our practice to others include:

  • Be on time and if you cannot, personally apologize to the patient for any inconveniences this has caused him or her
  • Greet patients by name (both dentist and staff)
  • Install a music system
  • Have multiple telephone lines
  • Call patients at home after significant treatment to ensure patient is doing well
  • Install a "good-bye" mirror so patients can check their appearance before leaving the office
  • Offer coffee or other beverages
  • Keep reading material current
  • Provide referral cards which offers both the referring current patient and the new patient a discount of certain services
  • Have personal information written on a notecard attached to chart to give dentist conversational topics
  • Send a special note for occasions such as weddings, graduations, birthdays, etc.
  • Decorate office internally and externally for holidays
  • Have toys for children to play with
  • Give patients magnets, toothbrushes, etc. with dental practice name and logo
  • Give a picnic, barbecue, or other outdoor event during the summer for your patients

External Marketing

External Marketing deals with promoting the dental practice to potential patients. This can take the form of referrals, free publicity, or advertising. Examples of each of these are:

  • Yellow page listing
  • Send a welcome letter to new residents in community
  • Run newspaper advertisements
  • Become involved with local Chamber of Commerce
  • Hold an open house event to show off new office, meet new staff, or celebrate the practice's anniversary
  • Participate in career days for area students
  • Get acquainted with community leaders
  • Join civic, religious, and community organizations
  • Patronize your patients' businesses
  • Offer to write a monthly column on dental health issues or a Question/Answer column

Industry Trends

For a detailed summary of industry trends, refer to the industry analysis included in the Appendix.

  • Decrease in dentists participating in managed care organizations
  • Increase in consolidation or networking of practices
  • Retirement of baby boomer dentists causing a future shortage in dentists
  • Increase in gross profits for dental practices
  • Globalization of the dental industry
  • Advancements in technology and invention of products that aid in treatment

OPERATIONAL & ORGANIZATIONAL PLAN

Philosophy of the Dental Practice

The philosophy of my dental practice will be to provide high quality general dentistry in a comfortable setting, with a moderate to high price using the highest technology possible. Prices will be justified by the advanced technology used and the lifestyle conveniences that the dental practice will offer. With use of an interactive, multi-media educational system, I will present my patients with multiple treatment alternatives and let them choose the alternative that best suits their lifestyle and budget. I will emphasize preventative dentistry and continually suggest cosmetic procedures. Any dental work that is too complex to be treated at my practice will be referred out to a specialist. I will foster a relationship with various specialists in the area, so they will refer patients in need of general dentistry to me as well. Further, I will not participate in any capitation insurance, as it is my feeling that these plans cost dentists more than it makes them.

The dental practice will be positioned as a place to get high quality dental work in an environment of convenience and technology. Due to the increase in two-income families, many service-oriented professions are leaning toward differentiating themselves on the basis of convenience. This is what I intend to do. For instance, I plan to have flexible, "people" hours on various days of the week so that not all patients have to leave work to have their dental work done. I also plan to work rotating weekends to offer Saturday service twice a month. I feel that the main beneficiaries to these services are professional, high-income individuals that do not feel that they can take time out from work to go to the dentist. We are also considering hiring part-time help to do filing and various other work during the day and to act as a sitter so that parents can leave their kids while they are receiving dental care.

The office will be run as a team, with each employee playing an integral part in the success or failure of the business. Employees will be given whatever tools and training is deemed necessary to carry out their assignments. An emphasis on process improvement will be instilled in each of the "teammates" by offering bonuses or special privileges. Teammates will be rewarded both monetarily and non-monetarily for jobs well done. Effective communication will be stressed in the office. This will cut down on misunderstandings and miscommunications among patients, employees, and doctor. Weekly meetings will be held to discuss the weekly agenda, and to give a report of last week's happenings. Teammates will be given the opportunity to add input at these meetings in the form of suggestions, comments, and complaints. Teammates will have defined tasks, but are to be open to doing whatever requests outside of their set guidelines need to be done to bring success to the practice. Finally, I plan to offer many perks to my employees to keep them satisfied and willing to give the practice 100 percent.

Job Description Dentist

  1. The Dentist is responsible for all procedures that are covered by his license and not those of the hygienist and assistant.
  2. The Dentist is responsible for all human resource aspects of the practice.
  3. The Dentist is responsible for the management aspects of the practice.
  4. The Dentist will form a relationship with both the clients and staff.
  5. All major purchases or decisions must receive final authorization from the doctor.
  6. The Dentist will sign all checks.
  7. The Dentist will be punctual to all appointments. Should the case arise where he cannot see the patient on time, he will personally apologize to the patient for any inconvenience.
  8. The Dentist will call all patients receiving significant treatment the night of the appointment to ensure that the patient is doing well.
  9. The Dentist will join civic and religious organizations to be of benefit to the community.
  10. The Dentist will actively, yet with taste, market the practice.
  11. The Dentist will treat employees and patients in a fair and unbiased manner.
  12. The Dentist will provide high quality dental work with an emphasis on technology and education for himself, his staff, and his customers.
  13. The Dentist will work to make the practice an enjoyable environment in which to work

Job Description Assistant

  1. Study and become familiar with Office Philosophy and agreements in the office.
  2. Be observant, and considerate, friendly and generally in good humor. Make patients feel at ease and welcome as a guest in your facility.
  3. Upon arriving in the morning, get prepared for the day prior to the morning meeting.
  4. Set up trays
  5. Check treatment room drawers, stock as needed.
  6. Go through charts and review the treatment patients are scheduled for today and treatment pending. At this time always check what type of anesthesia each patient will need. Be prepared to discuss charts at morning meeting.
  7. Greet patient in reception room and escort to proper treatment room.
  8. Seat patients, desensitize areas of treatment, take necessary study models, prepare Rx blanks, select shades for composites and PFMs, take impressions for temps, mark and adjust temps, remove cement from temps, orthodontic bands and crown and bridges; place matrix bands, and perform other procedures to prepare patient for doctor as instructed by the doctor.
  9. Be with the doctor to assist with all treatment.
  10. Give patients POST treatment instructions as needed (orally and/or written).
  11. Complement the dentistry procedures performed by the doctor. Show the patients their case before and after the insertion in the mouth.
  12. Dismiss patient and escort them to the front desk with chart. If the business office is busy ask the patient to have a seat in the reception room. The business coordinator will be with them ASAP.
  13. Compliment the behavior of a child to the child and the parent. This helps to child be more confident.
  14. Spray and clean room after each patient; change headrest cover, light handles, etc. Follow all sterilization procedures as mandated by OSHA.
  15. Prepare all instruments and handpieces for sterilization by autoclave or cold sterilization.
  16. Close all treatment rooms at the end of the day. Make sure all equipment is shut off.
  17. Have a general knowledge of the business office and be familiar with business office verbal skills.
  18. Know how to schedule appointments.
  19. Do a bi-weekly inventory and order necessary items.
  20. Prepare and participate in weekly staff meeting.
  21. Study and become familiar with all OSHA requirements. Take all precautions as trained and have a completed HBV vaccination series. Wear protective equipment as required.

Duties to Perform As Needed

  • Take, develop, and mount x-rays
  • Record any x-rays taken in chart, type name and date on label
  • Prepare Rx blanks of Meds
  • Take diagnostic cast and pour in proper stone
  • Trim models and label
  • Keep lab cases labeled and organized
  • Clean cement from newly cemented PFM, FGC, temps, etc.
  • Place matrix bands and wedges
  • Make vacuforms
  • Make customtrays
  • Make temp crown
  • Remove and place orthodontic elastics
  • Calm apprehensive patients
  • Keep current with up-to-date dentistry
  • Check supplies and keep inventory current
  • Help business office when time permits
  • Empty the trash
  • Stock drawers
  • Run cleaner through the vacuum system each night.
  • Lubricate drills
  • All other reasonable requests by the doctor

Daily Duties

  1. Check level of water in autoclave and add, if needed
  2. Run autoclave during day as needed
  3. Oil and autoclave handpieces after each patient
  4. Oil prophy handpieces daily
  5. Check trash at the end of the day and empty if needed
  6. General operatory cleaning
  7. Take intraoral pictures as needed
  8. Prepare charts for morning meeting
  9. Check developer reservoir tanks and refill
  10. Prepare trays for procedures and assist doctor

Weekly Duties

  1. Change solutions in ultrasonic cleaner
  2. Autoclave lab burs
  3. Clean autoclave per manufacturer's instructions for weekly maintenance
  4. Restock all drawers and check inventory

Job Description Dental Hygienist

  1. Study and become familiar with Office Philosophy and Agreements in the office.
  2. Organize yourself physically, mentally, and emotionally, always dress in a professional manner, leave your private and family concerns at home, and make a mental check of your day.
  3. Be observant, considerate, friendly, and generally in good humor. Make patients feel at ease and welcome as a guest in your facility.
  4. Upon arriving in the morning, get prepared for the day prior to the morning meeting.
  5. Go through charts, review the treatment patients are scheduled for today and treatment pending. At this time always check what type of anesthesia each patient will need. Be prepared to discuss charts at morning meeting.
  6. Greet patient in reception room and escort to proper treatment room.
  7. Use correct verbal skills.
  8. Dismiss patient; escort to front desk with chart. If business coordinator is busy ask patient to have a seat in reception room. Business coordinator will be with ASAP.
  9. Spray and clean room after each patient, change headrest cover, light handles, etc. Follow all sterilization procedures as mandated by OSHA.
  10. Prepare all your instruments and handpieces for sterilization by autoclave or cold sterilization.
  11. Close your treatment room at the end of the day, making sure all equipment is shut off.
  12. Have a general knowledge of the business office and be familiar with business office procedures.
  13. Know how to schedule an appointment on the computer.
  14. Prepare and participate in weekly staff meetings.
  15. Take all OSHA precautions as trained, have a completed HBV vaccination series. Wear protective equipment as required.
  16. The dental hygienist may not perform any of the clinical duties without the dentist in the facility.
  17. Help to maintain and keep the recall system current.

Clinical Duties

  1. Polish restoration.
  2. Perform root planing and soft tipsier curettage.
  3. Apply topical anesthetics and topical medicaments.
  4. Record existing conditions through the use of radiographs.
  5. Perform intraoral dental laboratory tests, including but not limited to, oral cytology smears, pulp vitality test, and caries tests.
  6. Apply pit and fissure sealant to teeth, as prescribed by the dentist.
  7. Do intraoral irrigation and sulcular irrigation.
  8. Remove overhanging margins without the use of rotary instruments.
  9. Oral prophylaxis with slow speed handpiece.
  10. Give topical fluoride application.
  11. Complete all other reasonable requests from doctor.

Job Description Receptionist/Office Manager

  1. Organize yourself physically, mentally, and emotionally; always dress in a professional manner; leave your private and family concerns at home, and make a mental check of your day.
  2. Study and become familiar with office philosophy and agreements in the office.
  3. Be observant, considerate, friendly, and generally in good humor. Make patients feel at ease and welcome as guest in our facility.

Appointment Scheduling

  1. Set appointment hours in accordance with appointment scheduling guidelines and daily goals.
  2. See that the dental hygiene schedule is completely filled.
  3. Follow up on all broken appointments.
  4. Keep a short call list.
  5. Fill broken and canceled appointments.
  6. Confirm patient's appointments at least 2 days prior to appointment date.
  7. Copy the daily schedule and post it in each treatment room.
  8. Greet all patients courteously when arriving and make sure the charts are in the proper place.
  9. Promptly indicate to the staff when the next patient has arrived.
  10. See that the phone is answered before the third ring at all times.
  11. See that the desk is covered at all times.
  12. Complete all other reasonable requests from doctor.

Financial Control

  1. Check records each day to approach any patients who owe a balance.
  2. Take responsibility for requesting and collecting money "over the counter" daily.
  3. See that each record is posted and filed as it comes through. Be responsible for the accuracy of the day sheet and records.
  4. Print and submit insurance for patients when appropriate.
  5. Make financial arrangements with patients in accordance with the financial policy
  6. Follow up on all insurance not paid within 6 weeks. Maintain the insurance system.
  7. Send monthly statements.
  8. Follow up on past due accounts; set arrangements for past due balances. Make collection calls and send accounts to collections with doctor's approval.
  9. See that each payment received in the mail is posted to the accounts receivable system. Be responsible for the accuracy of the accounts receivable system.
  10. See that the bank deposit slip matches the daysheet total.
  11. Make definite financial arrangements with all new patients and patients requiring extensive treatment in accordance with the financial policy of the office.
  12. Work the delinquent payment record.
  13. Be in charge of all correspondence regarding collections, insurance, etc.
  14. Determine approximate patient portion of insurance procedures.
  15. Notify patients of overpayments and send refunds.

Marketing

  1. Keep the new patient book current
  2. Prepare new patient letters for Dr. Kramer
  3. Tank referral sources, letters, etc.

Office Procedures

  1. Be responsible for the preventive maintenance system (recall system).
  2. Be responsible for preventive maintenance follow-up.
  3. Organize and maintain file systems for quick retrieval of information.
  4. See that all backlog paperwork is completed before closing the office on Friday.
  5. Maintain the supply system and inventory for business office items.
  6. Keep Dr. Kramer informed and current on all aspects of the office, patient status, recommendations, etc.
  7. Be responsible for own desk appearance.
  8. Put together new patients' records and charts. Coordinate patient flow.
  9. As changes occur in schedule, change schedules in the treatment rooms.
  10. Check and straighten the reception area.

Job Description Janitorial Staff

The janitorial staff is an outside agency that comes in one day per week and cleans the office. They are responsible for:

  • Vacuuming the entire office
  • Mopping floors
  • Cleaning the bathroom (sink and toilet)
  • Washing exterior and interior windows, mirrors, etc.
  • Emptying trash
  • Dusting shelves and countertops
  • Cleaning out operatory sinks and lab sinks

All other maintenance of the dental equipment is the responsibility of the office staff.

Infrastructure Members

Accountant: to prepare tax returns and advise on various practice financial decisions. $50 to $100/hour.

Lawyer: to help with start up legalities and incorporation, to act as representation in case of litigation and to advise on various business decisions. $75 to $150/hour depending on experience with dental practices.

Insurance Agent: for malpractice and liability insurance. Commissions only.

FINANCIAL POLICY

Third-Party Insurance Policies

This office does not and never will participate in capitation and/or reduced fee-for-service programs. Any phone calls, mail, or solicitors for such plans are to be turned away. Patients who have non-capitation insurance will be required to have an insurance card and the insurance company must be called and verified before they are considered for assignment of benefits. Once a patient has been verified, the following information needs to be retrieved from the insurance company: address to mail claims to; deductibles, if any, and what they apply to; excluded treatments (i.e. crowns are not covered); if the payments are usual and customary or fee schedule; and if prophys are limited per year. All this information can be provided to the patients as needed.

Assignment of benefits will be taken again, only if verification has been approved. Otherwise, the patient is considered "cash paying" until verification can be established.

Patients who receive treatment with insurance will be told up front (before treatment begins) as to their estimated portion of the bill. That portion is due on the date of service; no exceptions are to be given. Patients need to be aware that the amount they are paying is an estimated portion based on what their insurance has told us, and if insurance does not pay or pays less, they are responsible for the balance. We gladly process insurance forms for patients. Insurance claims are to be submitted each day as the charges are posted. Narratives and X-rays need to be mailed with larger claims and all crown and bridge cases. Periodontal charting should be sent with all periodontal cases.

Claims are to be filed in duplicate. One copy goes to the insurance company and one is filed by month and in ABC order. As claims are paid, the EOB (explanation of benefits) is to be attached to our copy and filed in a separate file under "paid claims" for that month. Claims not paid within 5 weeks must be called on and proper steps taken to expedite payment. Also, Visa and Mastercard will be accepted. For treatment plans of considerable amounts, we will help the patient file for financing through a bank.

Financial Arrangements

  • A 5 percent discount is given to patients whose treatment plan is over $250 and pay cash up front.
  • If a patient needs to come back 5 times to complete a $1,000 treatment plan, then payments would be $200 each visit.
  • Treatment plans under $250 are expected on the day of service.
  • Any other arrangements must be made directly through Dr. Kramer.

Appointment Philosophy and Procedures

The appointment book is the map of our day and is to be used in a specific manner. All procedures have been timed and a schedule of times is attached to the schedule book. Only in instances that Dr. Kramer or the hygienist request additional time are these guidelines to be changed.

  1. Always try and fill the schedule to capacity and keep a short call list.
  2. The schedule is also to be filled to our daily production goals.
  3. Patients that cancel less than 24 hours in advance or no-show are to be warned the first time and charged a $25 fee the second time.

FINANCIAL PLAN

The practice will be set up as a Limited Liability Company (LLC). This will be done to receive the limited liability of a corporation with the option of selecting taxation as either a partnership or as a corporation. Upon counsel with my lawyer and accountant, I will decide which setup offers me the best result in regards to taxes.

I am looking at a practice worth approximately $250,000. One shortcut method to determine the selling price of a practice is to take the average of the last three years gross sales and divide it by two. To purchase the practice I will take out a $300,000 ten-year loan at a negotiable rate (I used 15 percent in my financials) that gives me the opportunity of renewal every three years and has no penalty for early repayment. I am estimating that $250,000 will go for the practice, $30,000 will be used for any start-up costs (such as updates to building or equipment), and the remaining $20,000 will be used to maintain positive cash flows at start-up and to be used in case of any unforeseen problems. I don't foresee any problems attaining a loan, as there are many brokerage companies that will fully finance your dental practice with no down payment if you can prove that there will be no significant decline in gross sales resulting from the purchase of the practice. Another financing possibility is that the current owner of the practice could seller-finance some or the entire sales price. This would allow 100 percent financing without titled collateral, but would preclude a higher than market rate. Similarly, a dental broker could finance the project with the same general benefits and drawbacks of the seller-finance option. Also, we could approach a bank for the loan, which will generally ask for a 20 percent down payment, titled collateral, and an aggressive amortization rate, but a lower interest rate than the other options.

In doing my financial statements, I have had to make many assumptions and use many numbers, averages, and percentages given by the American Dental Association (ADA). Some of the numbers seem either too high or too low, but I used them to maintain consistency. For instance, in the first five years of business, marketing and legal/professional costs will probably be higher than the national average. I think that insurance will be much higher than the amount attained by using the percentage given by the ADA. Also, the average patient charge per patient includes dentists who do all of their own hygiene work, dentists who accept capitation insurance, and dentists who do public health dentistry only. Therefore, the $183.56 national average as stated by the ADA seems very low.

The number of total employees the practice will have upon my purchase is dependent on the structure prior to my buyout. My first year in practice, I will need one full-time assistant and one full-time bookkeeper/receptionist. Until I feel I have a sufficient client base, I will do much of my hygiene work. One hygienist will work one or two days a week dependent upon need and on a percent of work completed basis. This will give the hygienist greater incentive to see more patients and to insure the recall system works efficiently. Building the patient base to have enough patients to allow for two dentists will take about a year and a half. Optimal full-time employment upon my father joining the practice is two full-time assistants, one full-time bookkeeper/receptionist, and one hygienist with the same conditions. After the larger client base has been established, which will probably take about a year of working with my father, another hygienist will be added so that there will be a hygienist in the office four days a week and my father and I will not need to see any hygiene patients which will make our per patient charge increase. If need arises, one part-time office helper will be employed.

As we will be living in the central region of the United States, I have used the wage rates quoted in the Journal of the American Dental Association for dental employees in that region. Median hourly salary for a receptionist/bookkeeper is $11.65/hour. The average hourly wage for an experienced chairside assistant is $11.00. Finally, a hygienist in the central area will make around $200 a day. This sounds like a lot, but hygienists often rotate between practices as to support a broader client base.

My father and I will discuss a contract whereby he receives a certain percentage of his gross production, probably 40 percent the first year. With working the same hours per week that he currently does and seeing fewer patients, he will make a comparable salary to what he pays himself in Lincoln. Lincoln is a farming and industrial community that does not see the benefits of the highly profitable aesthetic dentistry. Although my father has the largest practice in the area, he does not make as much money as comparable practices in more educated areas due to the demand for restorative dentistry only. Working for Stanley allows his father, Jeremiah, to make as much money as he wants, while only working the amount of hours that suits his lifestyle. Also, he will not have the risk or responsibility associated with running a business, but will have significant input, as he has so many years of practice experience. The money he will make by selling his practice can be invested to use in his retirement.

We will establish written bylaws that address issues such as how the relationship between my father and I will be handled. As my parents will probably help with a small portion of the down payment on the loan, both my mother and father will receive a percentage of profits based on their contribution. The other portion of ownership will be divided between my wife and myself. We will have guidelines on buying back and selling ownership shares. This is to ensure the business does not suffer from problems within the family.

My family is a very close one that is intent on building our futures together. We have held many discussions concerning the control and management of the practice and are in agreement to this point. Before my father actually decides to move and sell his practice, we will sit down and write up an agreement about practice management. We will have a lawyer that is familiar with dental practices and family businesses look it over and add suggestions. Me and my wife will have the final say in matters pertaining to the practice, as we will have a greater share of ownership. As I have not had as much experience managing a practice, my parents' input will be greatly appreciated and sought. A policy of mutual respect between the four of us and documented policies will make our working relationship as positive as our personal one.

My first year after buying the practice, I will be able to see about seven patients per day and will work five days a week. The average cost per patient visit is $183.56 for a normal solo practice. Using these numbers, I should have an average monthly gross income of $25,000 and first-year gross income of approximately $275,000 based on having four weeks' vacation. My client base should be somewhere around 2,000 to 2,500 (a small drop from initial patient base) active patients, and I expect to exceed the average growth rate of 32 new patients per month for new dentists. I should have patient capacity for my father within two years. My financial statements assume that Dr. Jeremiah Kramer will join the practice after two years. I have also included income statements that show the practice's standings if my father and my dream of working together does not become a reality. Note: the practice still garners a reasonable profit, but not nearly as significant as the one earned with both dentists practicing. An exit strategy has not yet been planned, as this business will be the main source of income for my father for many years. When my father decides to retire, I will either hire another associate or rent out his facility to another doctor or specialist.

Price List

Customers will be charged the going industry price for the geographic area of practice plus a premium for the convenience-based value-added services. An example of a price list for services from the May 1996 issue of Dental Economics for the central region is as follows. We will use prices similar to these plus a premium for some treatments.

Initial oral exam, adultexcluding radiographs$27Inlay, porcelain, 1 surface$344
Comprehensive oral exam, adult38Full-cast, high-noble metal crown511
Emergency oral exam31Porcelain fused to high-noble metal crown514
Panoramic film48Porcelain fused to noble metal crown491
Intraoral X-rays, complete series including BWX59Prefabricated stainless-steel crown, permanent129
BWXfour films28Cast post and core, in addition to crown159
Intraoral, periapical, first film11Crown buildup, including any pins110
Intraoral, periapical, each additional film9Replacement crown45
Prophylaxis, adult44Labial veneer-laminate232
Limited oral exam, problem-focused25Labial veneer (porcelain laminate)lab415
Initial oral exam, child24Complete upper denture694
Prophylaxis, child30Complete lower denture696
Fluoride, child-excluding prophylaxis17Upper denture reline, chairside146
Periodic oral exam, child19Lower denture reline, chairside148
Pit and fissure sealant, per tooth23Extraction, single tooth61
Periodic oral exam, adult20One root canal, exclusive of restoration283
BWXtwo films19Two root canals, exclusive of restoration345
Amalgam restoration, 1 surface, permanent55Three root canals, exclusive of restoration438
Amalgam restoration, 2 surfaces, permanent72Periodontal scaling with gingival inflammation80
Amalgam restoration, 3 surfaces, permanent89Gingival curettage, per quadrant119
Composite resin restoration, 1 surface, anterior65Periodontal root planing, per quadrant111
Composite resin restoration, 1 surface, posterior75Teeth-whitening, per arch161
Inlay, metallic, 1 surface323Infection-control fee18

FINANCIAL STATEMENTS

  • Percentages given by "Building a Financial Foundation for your Practice," an article from ADA Dental Practice Library.
  • Sales estimate based on a 48-week year with benefits paid for 52 weeks.
  • Years 3-5 are shown both including and excluding Dr. Jeremiah Kramer, DDS.

This page left intentionally blank to accommodate tabular matter following.

Income StatementYear 1, June 2002-May 2003

INCOME:JunJulAugSepOctNov
Dr. Stanley Kramer22,91722,91722,91722,91722,91722,917
Hygienist6,7206,7206,7206,7206,7206,720
Gross Sales29,63729,63729,63729,63729,63729,637
Cash Receipts (90%)26,67326,67326,67326,67326,67326,673
Accounts Receivable (10%)2,9642,9642,9642,9642,9642,964
Cost of Goods Sold
Lab Fees (9%)-2,667-2,667-2,667-2,667-2,667-2,667
Dental Supplies (6%)-1,778-1,778-1,778-1,778-1,778-1,778
GROSS INCOME:25,19125,19125,19125,19125,19125,191
EXPENSES:
Advertising (3%)889889889889889889
Insurance (3%)889889889889889889
Interest Expense (F)3,7503,7503,7503,7503,7503,750
Legal & Professional Services (F)833833833833833833
Office Supplies (6%)1,7781,7781,7781,7781,7781,778
Mortgage (F)2,5002,5002,5002,5002,5002,500
Taxes & Licenses (10% of salary)417417417417417417
Utilities (2%)593593593593593593
Wages
Professional (F)4,1674,1674,1674,1674,1674,167
Hygienist (.25 of production)1,6801,6801,6801,6801,6801,680
Salaried & Benefits (21%)4,8134,8134,8134,8134,8134,813
Other Expenses (F)417417417417417417
TOTAL EXPENSES:22, 72522,72522,72522,72522,72522,725
NET PROFIT (LOSS):2,4662,4662,4662,4662,4662,466
Stanley at 7 patients a day at an average of $183.56/patient
1 Hygienist at 7 patients a day for 2 days a week averaging $120/patient$80,640
1 Assistant 40 hours/week at $11.00/hour for 52 weeks22,880
1 Receptionist/bookkeeper 40 hours/week at $11.65/hour at 52 weeks24,232
Weekly wage of Assistant and Receptionist before benefits47,112
DecJanFebMarAprMayTotal
22,91722,91722,91722,91722,91722,917275,000
6,7206,7206,7206,7206,7206,72080,640
29,63729,63729,63729,63729,63729,637355,640
26,67326,67326,67326,67326,67326,673320,076
2,9642,9642,9642,9642,9642,96435,564
-2,667-2,667-2,667-2,667-2,667-2,667-32,008
-1,778-1,778-1,778-1,778-1,778-1,778-21,338
25,19125,19125,19125,19125,19125,191302,294
88988988988988988910,669
88988988988988988910,669
3,7503,7503,7503,7503,7503,75045,000
83383383383383383310,000
1,7781,7781,7781,7781,7781,77821,338
2,5002,5002,5002,5002,5002,50030,000
4174174174174174175,000
5935935935935935937,113
4,1674,1674,1674,1674,1674,16750,000
1,6801,6801,6801,6801,6801,68020,160
4,8134,8134,8134,8134,8134,81357,750
4174174174174174175,000
22,72522,72522,72522,72522,72522,725272,700
2,4662,4662,4662,4662,4662,46629,594

Statement of Cash FlowsYear 1, June 2002-May 2003

JunJulAugSepOctNov
Cash Inflows
Beginning Cash Balance20,00019,50319,00518,50818,01017,513
Loan for Start-up costs30,000
Cash Receipts26,67326,67326,67326,67326,67326,673
Total Cash Inflows76,67346,17645,67845,18144,68344,186
Cash Disbursements
Start-up costs30,000
Lab Fees (9%)2,6672,6672,6672,6672,6672,667
Dental Supplies (6%)1,7781,7781,7781,7781,7781,778
Advertising (3%)889889889889889889
Insurance (3%)889889889889889889
Interest Expense (F)3,7503,7503,7503,7503,7503,750
Legal & Professional Services (F)833833833833833833
Office Supplies (6%)1,7781,7781,7781,7781,7781,778
Mortgage (F)2,5002,5002,5002,5002,5002,500
Taxes & Licenses (10% of salary)417417417417417417
Utilities (2%)593593593593593593
Wages
Professional (F)4,1674,1674,1674,1674,1674,167
Hygienist1,6801,6801,6801,6801,6801,680
Salaried & Benefits4,8134,8134,8134,8134,8134,813
Other Expenses (F)417417417417417417
Total Disbursements57,17027,17027,17027,17027,17027,170
Remaining Cash at Month End19,50319,00518,50818,01017,51317,015
DecJanFebMarAprMay
17,01516,51816,02015,52315,02514,528
26,67326,67326,67326,67326,67326,673
43,68843,19142,69342,19641,69841,201
2,6672,6672,6672,6672,6672,667
1,7781,7781,7781,7781,7781,778
889889889889889889
889889889889889889
3,7503,7503,7503,7503,7503,750
833833833833833833
1,7781,7781,7781,7781,7781,778
2,5002,5002,5002,5002,5002,500
417417417417417417
593593593593593593
4,1674,1674,1674,1674,1674,167
1,6801,6801,6801,6801,6801,680
4,8134,8134,8134,8134,8134,813
417417417417417417
27,17027,17027,17027,17027,17027,170
16,51816,02015,52315,02514,52814,030

Balance Sheet Year 1-5

Year 1Year 2Year 3Year 4Year 5
Assets:
Cash14,03027,22853,49439,47155,598
Accounts Receivable35,56448,87275,90879,43291,902
Building and Equipment250,000250,000250,000250,000250,000
Total Assets299,594326,100379,402368,903397,500
Liabilities and Owners Equity:
Note Payable270,000240,000210,000180,000150,000
Owners Equity29,59456,505102,17465,409108,029
Retained Earnings029,59456,505102,17465,409
0010,72321,32174,062
Total Liabilities299,594326,100379,402368,903397,500
Difference00000

This page left intentionally blank to accommodate tabular matter following.

Income StatementYear 2, June 2003-May 2004

INCOME:JunJulAugSepOctNov
Dr. Stanley Kramer29,37029,37029,37029,37029,37029,370
Hygienist6,7206,7206,7206,7206,7206,720
Gross Sales36,09036,09036,09036,09036,09036,090
Cash Receipts (90%)32,48132,48132,48132,48132,48132,481
Accounts Receivable (10%)3,6093,6093,6093,6093,6093,609
Cost of Goods Sold
Lab Fees (9%)(3,248)(3,248)(3,248)(3,248)(3,248)(3,248)
Dental Supplies (6%)(2,165)(2,165)(2,165)(2,165)(2,165)(2,165)
GROSS INCOME:30,67630,67630,67630,67630,67630,676
EXPENSES:
Advertising (3%)1,0831,0831,0831,0831,0831,083
Insurance (3%)1,0831,0831,0831,0831,0831,083
Interest Expense (F)3,7503,7503,7503,7503,7503,750
Legal & Professional Services (F)833833833833833833
Office Supplies (6%)2,1652,1652,1652,1652,1652,165
Mortgage (F)2,5002,5002,5002,5002,5002,500
Taxes & Licenses (10% of salary)500500500500500500
Utilities (2%)722722722722722722
Wages
Professional (F)5,0005,0005,0005,0005,0005,000
Hygienist (.26 of production)1,7471,7471,7471,7471,7471,747
Salaried & Benefits (21%)6,1686,1686,1686,1686,1686,168
Other Expenses (F)417417417417417417
TOTAL EXPENSES:25,96725,96725,96725,96725,96725,967
NET PROFIT (LOSS):4,7094,7094,7094,7094,7094,709
DecJanFebMarAprMayTotal
29,37029,37029,37029,37029,37029,370352,435
6,7206,7206,7206,7206,7206,72080,640
36,09036,09036,09036,09036,09036,090433,075
32,48132,48132,48132,48132,48132,481389,768
3,6093,6093,6093,6093,6093,60943,308
(3,248)(3,248)(3,248)(3,248)(3,248)(3,248)(38,977)
(2,165)(2,165)(2,165)(2,165)(2,165)(2,165)(25,985)
30,67630,67630,67630,67630,67630,676368,114
1,0831,0831,0831,0831,0831,08312,992
1,0831,0831,0831,0831,0831,08312,992
3,7503,7503,7503,7503,7503,75045,000
83383383383383383310,000
2,1652,1652,1652,1652,1652,16525,985
2,5002,5002,5002,5002,5002,50030,000
5005005005005005006,000
7227227227227227228,662
5,0005,0005,0005,0005,0005,00060,000
1,7471,7471,7471,7471,7471,74720,966
6,1686,1686,1686,1686,1686,16874,011
4174174174174174175,000
25,96725,96725,96725,96725,96725,967311,608
4,7094,7094,7094,7094,7094,70956,505

Statement of Cash FlowsYear 2, June 2003-May 2004

JunJulAugSepOctNov
Cash Inflows
Beginning Cash Balance14,03015,13016,23017,33018,43019,530
Cash Receipts32,48132,48132,48132,48132,48132,481
Total Cash Inflows46,51147,61148,71149,81150,91052,010
Cash Disbursements
Lab Fees (9%)3,2483,2483,2483,2483,2483,248
Dental Supplies (6%)2,1652,1652,1652,1652,1652,165
Advertising (3%)1,0831,0831,0831,0831,0831,083
Insurance (3%)1,0831,0831,0831,0831,0831,083
Interest Expense (F)3,7503,7503,7503,7503,7503,750
Legal & Professional Services (F)833833833833833833
Office Supplies (6%)2,1652,1652,1652,1652,1652,165
Mortgage (F)2,5002,5002,5002,5002,5002,500
Taxes & Licenses (10% of salary)500500500500500500
Utilities (2%)722722722722722722
Wages
Professional (F)5,0005,0005,0005,0005,0005,000
Hygienist1,7471,7471,7471,7471,7471,747
Salaried & Benefits6,1686,1686,1686,1686,1686,168
Other Expenses (F)417417417417417417
Total Disbursements31,38131,38131,38131,38131,38131,381
Remaining Cash at Month End15,13016,23017,33018,43019,53020,629
DecJanFebMarAprMay
20,62921,72922,82923,92925,02926,129
32,48132,48132,48132,48132,48132,481
53,11054,21055,31056,41057,50958,609
3,2483,2483,2483,2483,2483,248
2,1652,1652,1652,1652,1652,165
1,0831,0831,0831,0831,0831,083
1,0831,0831,0831,0831,0831,083
3,7503,7503,7503,7503,7503,750
833833833833833833
2,1652,1652,1652,1652,1652,165
2,5002,5002,5002,5002,5002,500
500500500500500500
722722722722722722
5,0005,0005,0005,0005,0005,000
1,7471,7471,7471,7471,7471,747
6,1686,1686,1686,1686,1686,168
417417417417417417
31,38131,38131,38131,38131,38131,381
21,72922,82923,92925,02926,12927,228

Income StatementYear 3 with Dr. Jeremiah Kramer, DDS
June 2004-May 2005

INCOME:JunJulAugSepOctNov
Dr. Stanley Kramer33,04133,04133,04133,04133,04133,041
Dr. Jeremiah Kramer23,49623,49623,49623,49623,49623,496
Hygienist6,7206,7206,7206,7206,7206,720
Gross Sales63,25763,25763,25763,25763,25763,257
Cash Receipts (90%)56,93156,93156,93156,93156,93156,931
Accounts Receivable (10%)6,3266,3266,3266,3266,3266,326
Cost of Goods Sold
Lab Fees (9%)(5,693)(5,693)(5,693)(5,693)(5,693)(5,693)
Dental Supplies (6%)(3,795)(3,795)(3,795)(3,795)(3,795)(3,795)
GROSS INCOME:53,76853,76853,76853,76853,76853,768
EXPENSES:
Advertising (3%)1,8981,8981,8981,8981,8981,898
Insurance (3%)1,8981,8981,8981,8981,8981,898
Interest Expense (F)3,7503,7503,7503,7503,7503,750
Legal & Professional Services (F)833833833833833833
Office Supplies (6%)3,7953,7953,7953,7953,7953,795
Mortgage (F)2,5002,5002,5002,5002,5002,500
Taxes & Licenses (10% of salary)750750750750750750
Utilities (2%)1,2651,2651,2651,2651,2651,265
Wages
Dr. Stanley Kramer (F)7,5007,5007,5007,5007,5007,500
Dr. Jeremiah Kramer (.45 of production)11,89511,89511,8951,89511,89511,895
Hygienist (.27 of production)1,8141,8141,8141,8141,8141,814
Salaried & Benefits (21%)6,9396,9396,9396,9396,9396,939
Other Expenses (F)417417417417417417
TOTAL EXPENSES:45,25445,25445,25445,25445,25445,254
NET PROFIT (LOSS):8,5148,5148,5148,5148,5148,514
Stanley at 9 patients a day at an average of $183.56/per patient396,490
Jeremiah at 8 patients a day, 4 days a week for 48 weeks at $183.56/patient281,948
1 Hygienist at 7 patients a day for 2 days a week averaging $120/patient80,640
2 assistants 40 hours a week at $11.00/hour for 52 weeks45,760
1 receptionist/ bookkeeper 40 hours a week at $11.65/hour at 52 weeks24,232
Weekly wage of assistant and receptionist before benefits69,992
DecJanFebMarAprMayTotal
33,04133,04133,04133,04133,04133,041396,490
23,49623,49623,49623,49623,49623,496281,948
6,7206,7206,7206,7206,7206,72080,640
63,25763,25763,25763,25763,25763,257759,078
56,93156,93156,93156,93156,93156,931683,170
6,3266,3266,3266,3266,3266,32675,908
(5,693)(5,693)(5,693)(5,693)(5,693)(5,693)(68,317)
(3,795)(3,795)(3,795)(3,795)(3,795)(3,795)(45,545)
53,76853,76853,76853,76853,76853,768645,216
1,8981,8981,8981,8981,8981,89822,772
1,8981,8981,8981,8981,8981,89822,772
3,7503,7503,7503,7503,7503,75045,000
83383383383383383310,000
3,7953,7953,7953,7953,7953,79545,545
2,5002,5002,5002,5002,5002,50030,000
7507507507507507509,000
1,2651,2651,2651,2651,2651,26515,182
7,5007,5007,5007,5007,5007,50090,000
11,89511,89511,89511,89511,89511,895142,736
1,8141,8141,8141,8141,8141,81421,773
6,9396,9396,9396,9396,9396,93983,263
4174174174174174175,000
45,25445,25445,25445,25445,25445,254543,043
8,5148,5148,5148,5148,5148,514102,174

Income StatementYear 3 without Dr. Jeremiah Kramer, DDS
June 2004-May 2005

INCOME:JunJulAugSepOctNov
Dr. Stanley Kramer33,04133,04133,04133,04133,04133,041
Hygienist6,7206,7206,7206,7206,7206,720
Gross Sales39,76139,76139,76139,76139,76139,761
Cash Receipts (90%)35,78535,78535,78535,78535,78535,785
Accounts Receivable (10%)3,9763,9763,9763,9763,9763,976
Cost of Goods Sold
Lab Fees (9%)(3,578)(3,578)(3,578)(3,578)(3,578)(3,578)
Dental Supplies (6%)(2,386)(2,386)(2,386)(2,386)(2,386)(2,386)
GROSS INCOME:33,79733,79733,79733,79733,79733,797
EXPENSES:
Advertising (3%)1,1931,1931,1931,1931,1931,193
Insurance (3%)1,1931,1931,1931,1931,1931,193
Interest Expense (F)3,7503,7503,7503,7503,7503,750
Legal & Professional Services (F)833833833833833833
Office Supplies (6%)2,3862,3862,3862,3862,3862,386
Mortgage (F)2,5002,5002,5002,5002,5002,500
Taxes & Licenses (10% of salary)500500500500500500
Utilities (2%)795795795795795795
Wages
Dr. Stanley Kramer (F)5,0005,0005,0005,0005,0005,000
Hygienist (.27 of production)1,8141,8141,8141,8141,8141,814
Salaried & Benefits (21%)6,9396,9396,9396,9396,9396,939
Other Expenses (F)417417417417417417
TOTAL EXPENSES:27,31927,31927,31927,31927,31927,319
NET PROFIT (LOSS):6,4776,4776,4776,4776,4776,477
Stanley at 9 patients a day at an average of $183.56/patient396,490
1 Hygienist at 7 patients a day for 2 days a week averaging $120/patient80,640
1 assistant 40 hours a week at $11.00/hour for 52 weeks22,880
1 receptionist/ bookkeeper 40 hours a week at $11.65/hour at 52 weeks24,232
Weekly wage of assistant and receptionist before benefits47,112
DecJanFebMarAprMayTotal
33,04133,04133,04133,04133,04133,041396,490
6,7206,7206,7206,7206,7206,72080,640
39,76139,76139,76139,76139,76139,761477,130
35,78535,78535,78535,78535,78535,785429,417
3,9763,9763,9763,9763,9763,97647,713
(3,578)(3,578)(3,578)(3,578)(3,578)(3,578)(42,942)
(2,386)(2,386)(2,386)(2,386)(2,386)(2,386)(28,628)
33,79733,79733,79733,79733,79733,797405,561
1,1931,1931,1931,1931,1931,19314,314
1,1931,1931,1931,1931,1931,19314,314
3,7503,7503,7503,7503,7503,75045,000
83383383383383383310,000
2,3862,3862,3862,3862,3862,38628,628
2,5002,5002,5002,5002,5002,50030,000
5005005005005005006,000
7957957957957957959,543
5,0005,0005,0005,0005,0005,00060,000
1,8141,8141,8141,8141,8141,81421,773
6,9396,9396,9396,9396,9396,93983,263
4174174174174174175,000
27,31927,31927,31927,31927,31927,319327,834
6,4776,4776,4776,4776,4776,47777,727

Statement of Cash FlowsYear 3, June 2004-May 2005

JunJulAugSepOctNov
Cash Inflows
Beginning Cash Balance27,22829,41731,60633,79535,98438,173
Cash Receipts56,93156,93156,93156,93156,93156,931
Total Cash Inflows84,15986,34888,53790,72692,91595,103
Cash Disbursements
Lab Fees (9%)5,6935,6935,6935,6935,6935,693
Dental Supplies (6%)3,7953,7953,7953,7953,7953,795
Advertising (3%)1,8981,8981,8981,8981,8981,898
Insurance (3%)1,8981,8981,8981,8981,8981,898
Interest Expense (F)3,7503,7503,7503,7503,7503,750
Legal & Professional Services (F)833833833833833833
Office Supplies (6%)3,7953,7953,7953,7953,7953,795
Mortgage (F)2,5002,5002,5002,5002,5002,500
Taxes & Licenses (10% of salary)750750750750750750
Utilities (2%)1,2651,2651,2651,2651,2651,265
Wages
Dr. Stanley Kramer (F)7,5007,5007,5007,5007,5007,500
Dr. Jeremiah Kramer11,89511,89511,89511,89511,89511,895
Hygienist1,8141,8141,8141,8141,8141,814
Salaried & Benefits6,9396,9396,9396,9396,9396,939
Other Expenses (F)417417417417417417
Total Disbursements54,74254,74254,74254,74254,74254,742
Remaining Cash at Month End29,41731,60633,79535,98438,17340,361
DecJanFebMarAprMay
40,36142,55044,73946,92849,11751,306
56,93156,93156,93156,93156,93156,931
97,29299,481101,670103,859106,048108,236
5,6935,6935,6935,6935,6935,693
3,7953,7953,7953,7953,7953,795
1,8981,8981,8981,8981,8981,898
1,8981,8981,8981,8981,8981,898
3,7503,7503,7503,7503,7503,750
833833833833833833
3,7953,7953,7953,7953,7953,795
2,5002,5002,5002,5002,5002,500
750750750750750750
1,2651,2651,2651,2651,2651,265
7,5007,5007,5007,5007,5007,500
11,89511,89511,89511,89511,89511,895
1,8141,8141,8141,8141,8141,814
6,9396,9396,9396,9396,9396,939
417417417417417417
54,74254,74254,74254,74254,74254,742
42,55044,73946,92849,11751,30653,494

Income StatementYear 4 with Dr. Jeremiah Kramer, DDS
June 2005-May 2006

INCOME:JunJulAugSepOctNov
Dr. Stanley Kramer33,04133,04133,04133,04133,04133,041
Dr. Jeremiah Kramer26,43326,43326,43326,43326,43326,433
Hygienist6,7206,7206,7206,7206,7206,720
Gross Sales66,19466,19466,19466,19466,19466,194
Cash Receipts (90%)59,57459,57459,57459,57459,57459,574
Accounts Receivable (10%)6,6196,6196,6196,6196,6196,619
Cost of Goods Sold
Lab Fees (9%)(5,957)(5,957)(5,957)(5,957)(5,957)(5,957)
Dental Supplies (6%)(3,972)(3,972)(3,972)(3,972)(3,972)(3,972)
GROSS INCOME:56,26456,26456,26456,26456,26456,264
EXPENSES:
Advertising (3%)1,9861,9861,9861,9861,9861,986
Insurance (3%)1,9861,9861,9861,9861,9861,986
Interest Expense (F)3,7503,7503,7503,7503,7503,750
Legal & Professional Services (F)833833833833833833
Office Supplies (6%)3,9723,9723,9723,9723,9723,972
Mortgage (F)2,5002,5002,5002,5002,5002,500
Taxes & Licenses (10% of salary)958958958958958958
Utilities (2%)1,3241,3241,3241,3241,3241,324
Wages
Dr. Stanley Kramer (F)9,5839,5839,5839,5839,5839,583
Dr. Jeremiah Kramer (.5 of production)14,68514,68514,68514,68514,68514,685
Hygienist (.28 of production)1,8821,8821,8821,8821,8821,882
Salaried & Benefits (21%)6,9396,9396,9396,9396,9396,939
Other Expenses (F)417417417417417417
TOTAL EXPENSES:50,81450,81450,81450,81450,81450,814
NET PROFIT (LOSS):5,4515,4515,4515,4515,4515,451
Stanley at 9 patients a day at an average of $183.56/patient396,490
Jeremiah at 9 patients a day, 4 days a week for 48 weeks at $183.56/patient317,192
1 Hygienist at 7 patients a day for 2 days a week averaging $120/patient80,640
2 assistants 40 hours a week at $11.00/hour for 52 weeks45,760
1 receptionist/ bookkeeper 40 hours a week at $11.65/hour at 52 weeks24,232
1 receptionist/ bookkeeper 20 hours a week at $11.65/hour at 52 weeks12,116
Weekly wage of assistant and receptionist before benefits82,108
DecJanFebMarAprMayTotal
33,04133,04133,04133,04133,04133,041396,490
26,43326,43326,43326,43326,43326,433317,192
6,7206,7206,7206,7206,7206,72080,640
66,19466,19466,19466,19466,19466,194794,322
59,57459,57459,57459,57459,57459,574714,890
6,6196,6196,6196,6196,6196,61979,432
(5,957)(5,957)(5,957)(5,957)(5,957)(5,957)(71,489)
(3,972)(3,972)(3,972)(3,972)(3,972)(3,972)(47,659)
56,26456,26456,26456,26456,26456,264675,174
1,9861,9861,9861,9861,9861,98623,830
1,9861,9861,9861,9861,9861,98623,830
3,7503,7503,7503,7503,7503,75045,000
83383383383383383310,000
3,9723,9723,9723,9723,9723,97247,659
2,5002,5002,5002,5002,5002,50030,000
95895895895895895811,500
1,3241,3241,3241,3241,3241,32415,886
9,5839,5839,5839,5839,5839,583115,000
14,68514,68514,68514,68514,68514,685176,218
1,8821,8821,8821,8821,8821,88222,579
6,9396,9396,9396,9396,9396,93983,263
4174174174174174175,000
50,81450,81450,81450,81450,81450,814609,765
5,4515,4515,4515,4515,4515,45165,409

Income StatementYear 4 without Dr. Jeremiah Kramer, DDS
June 2005-May 2006

INCOME:JunJulAugSepOctNov
Dr. Stanley Kramer36,71236,71236,71236,71236,71236,712
Hygienist6,7206,7206,7206,7206,7206,720
Gross Sales43,43243,43243,43243,43243,43243,432
Cash Receipts (90%)39,08939,08939,08939,08939,08939,089
Accounts Receivable (10%)4,3434,3434,3434,3434,3434,343
Cost of Goods Sold
Lab Fees (9%)(3,909)(3,909)(3,909)(3,909)(3,909)(3,909)
Dental Supplies (6%)(2,606)(2,606)(2,606)(2,606)(2,606)(2,606)
GROSS INCOME:36,91736,91736,91736,91736,91736,917
EXPENSES:
Advertising (3%)1,3031,3031,3031,3031,3031,303
Insurance (3%)1,3031,3031,3031,3031,3031,303
Interest Expense (F)3,7503,7503,7503,7503,7503,750
Legal & Professional Services (F)833833833833833833
Office Supplies (6%)2,6062,6062,6062,6062,6062,606
Mortgage (F)2,5002,5002,5002,5002,5002,500
Taxes & Licenses (10% of salary)500500500500500500
Utilities (2%)869869869869869869
Wages
Dr. Stanley Kramer (F)5,0005,0005,0005,0005,0005,000
Hygienist (.28 of production)1,8821,8821,8821,8821,8821,882
Salaried & Benefits (21%)7,7107,7107,7107,7107,7107,710
Other Expenses (F)417417417417417417
TOTAL EXPENSES:28,67228,67228,67228,67228,67228,672
NET PROFIT (LOSS):8,2468,2468,2468,2468,2468,246
Stanley at 10 patients a day at an average of $183.56/patient440,544
1 Hygienist at 7 patients a day for 2 days a week averaging $120/patient80,640
1 assistant 40 hours a week at $11.00/hour for 52 weeks22,880
1 receptionist/ bookkeeper 40 hours a week at $11.65/hour at 52 weeks24,232
Weekly wage of assistant and receptionist before benefits47,112
DecJanFebMarAprMayTotal
36,71236,71236,71236,71236,71236,712440,544
6,7206,7206,7206,7206,7206,72080,640
43,43243,43243,43243,43243,43243,432521,184
39,08939,08939,08939,08939,08939,089469,066
4,3434,3434,3434,3434,3434,34352,118
(3,909)(3,909)(3,909)(3,909)(3,909)(3,909)(46,907)
(2,606)(2,606)(2,606)(2,606)(2,606)(2,606)(31,271)
36,91736,91736,91736,91736,91736,917443,006
1,3031,3031,3031,3031,3031,30315,636
1,3031,3031,3031,3031,3031,30315,636
3,7503,7503,7503,7503,7503,75045,000
83383383383383383310,000
2,6062,6062,6062,6062,6062,60631,271
2,5002,5002,5002,5002,5002,50030,000
5005005005005005006,000
86986986986986986910,424
5,0005,0005,0005,0005,0005,00060,000
1,8821,8821,8821,8821,8821,88222,579
7,7107,7107,7107,7107,7107,71092,514
4174174174174174175,000
28,67228,67228,67228,67228,67228,672344,059
8,2468,2468,2468,2468,2468,24698,947

Statement of Cash FlowsYear 4, June 2005-May 2006

JunJulAugSepOctNov
Cash Inflows
Beginning Cash Balance53,49452,32651,15749,98848,82047,651
Cash Receipts59,57459,57459,57459,57459,57459,574
Total Cash Inflows113,069111,900110,731109,563108,394107,225
Cash Disbursements
Lab Fees (9%)5,9575,9575,9575,9575,9575,957
Dental Supplies (6%)3,9723,9723,9723,9723,9723,972
Advertising (3%)1,9861,9861,9861,9861,9861,986
Insurance (3%)1,9861,9861,9861,9861,9861,986
Interest Expense (F)3,7503,7503,7503,7503,7503,750
Legal & Professional Services (F)833833833833833833
Office Supplies (6%)3,9723,9723,9723,9723,9723,972
Mortgage (F)2,5002,5002,5002,5002,5002,500
Taxes & Licenses (10% of salary)958958958958958958
Utilities (2%)1,3241,3241,3241,3241,3241,324
Wages
Dr. Stanley Kramer (F)9,5839,5839,5839,5839,5839,583
Dr. Jeremiah Kramer14,68514,68514,68514,68514,68514,685
Hygienist1,8821,8821,8821,8821,8821,882
Salaried & Benefits6,9396,9396,9396,9396,9396,939
Other Expenses (F)417417417417417417
Total Disbursements60,74360,74360,74360,74360,74360,743
Remaining Cash at Month End52,32651,15749,98848,82047,65146,483
DecJanFebMarAprMay
46,48345,31444,14542,97741,80840,639
59,57459,57459,57459,57459,57459,574
106,057104,888103,719102,551101,382100,213
5,9575,9575,9575,9575,9575,957
3,9723,9723,9723,9723,9723,972
1,9861,9861,9861,9861,9861,986
1,9861,9861,9861,9861,9861,986
3,7503,7503,7503,7503,7503,750
833833833833833833
3,9723,9723,9723,9723,9723,972
2,5002,5002,5002,5002,5002,500
958958958958958958
1,3241,3241,3241,3241,3241,324
9,5839,5839,5839,5839,5839,583
14,68514,68514,68514,68514,68514,685
1,8821,8821,8821,8821,8821,882
6,9396,9396,9396,9396,9396,939
417417417417417417
60,74360,74360,74360,74360,74360,743
45,31444,14542,97741,80840,63939,471

Income StatementYear 5, June 2006-May 2007

INCOME:JunJulAugSepOctNov
Dr. Stanley Kramer36,71236,71236,71236,71236,71236,712
Dr. Jeremiah Kramer26,43326,43326,43326,43326,43326,433
Hygienist #16,7206,7206,7206,7206,7206,720
Hygienist #26,7206,7206,7206,7206,7206,720
Gross Sales76,58576,58576,58576,58576,58576,585
Cash Receipts (90%)68,92668,92668,92668,92668,92668,926
Accounts Receivable (10%)7,6587,6587,6587,6587,6587,658
Cost of Goods Sold
Lab Fees (9%)(6,893)(6,893)(6,893)(6,893)(6,893)(6,893)
Dental Supplies (6%)(4,595)(4,595)(4,595)(4,595)(4,595)(4,595)
GROSS INCOME:65,09765,09765,09765,09765,09765,097
EXPENSES:
Advertising (3%)2,2982,2982,2982,2982,2982,298
Insurance (3%)2,2982,2982,2982,2982,2982,298
Interest Expense (F)3,7503,7503,7503,7503,7503,750
Legal & Professional Services (F)833833833833833833
Office Supplies (6%)4,5954,5954,5954,5954,5954,595
Mortgage (F)2,5002,5002,5002,5002,5002,500
Taxes & Licenses (10% of salary)1,0831,0831,0831,0831,0831,083
Utilities (2%)1,5321,5321,5321,5321,5321,532
Wages
Dr. Stanley Kramer (F)10,83310,83310,83310,83310,83310,833
Dr. Jeremiah Kramer (.5 of production)14,68514,68514,68514,68514,68514,685
Hygienist #1 (.28 of production)1,8821,8821,8821,8821,8821,882
Hygienist #2 (.25 of production)1,6801,6801,6801,6801,6801,680
Salaried & Benefits (21%)7,7107,7107,7107,7107,7107,710
Other Expenses (F)417417417417417417
TOTAL EXPENSES:56,09456,09456,09456,09456,09456,094
NET PROFIT (LOSS):9,0029,0029,0029,0029,0029,002
Stanley at 10 patients a day at an average of $183.56/patient440,544
Jeremiah at 9 patients a day, 4 days a week for 48 weeks at $183.56/patient317,192
2 Hygienist at 7 patients a day for 2 days a week averaging $120/patient161,280
2 assistants 40 hours a week at $11.00/hour for 52 weeks45,760
1 receptionist/ bookkeeper 40 hours a week at $11.65/hour at 52 weeks24,232
1 receptionist/ bookkeeper 20 hours a week at $11.65/hour at 52 weeks12,116
Weekly wage of assistant and receptionist before benefits82,108
DecJanFebMarAprMay
36,71236,71236,71236,71236,71236,712
26,43326,43326,43326,43326,43326,433
6,7206,7206,7206,7206,7206,720
6,7206,7206,7206,7206,7206,720
76,58576,58576,58576,58576,58576,585
68,92668,92668,92668,92668,92668,926
7,6587,6587,6587,6587,6587,658
(6,893)(6,893)(6,893)(6,893)(6,893)(6,893)
(4,595)(4,595)(4,595)(4,595)(4,595)(4,595)
65,09765,09765,09765,09765,09765,097
2,2982,2982,2982,2982,2982,298
2,2982,2982,2982,2982,2982,298
3,7503,7503,7503,7503,7503,750
833833833833833833
4,5954,5954,5954,5954,5954,595
2,5002,5002,5002,5002,5002,500
1,0831,0831,0831,0831,0831,083
1,5321,5321,5321,5321,5321,532
10,83310,83310,83310,83310,83310,833
14,68514,68514,68514,68514,68514,685
1,8821,8821,8821,8821,8821,882
1,6801,6801,6801,6801,6801,680
7,7107,7107,7107,7107,7107,710
417417417417417417
56,09456,09456,09456,09456,09456,094
9,0029,0029,0029,0029,0029,002

Income StatementYear 5 without Dr. Jeremiah Kramer, DDS
June 2006-May 2007

INCOME:JunJulAugSepOctNov
Dr. Stanley Kramer36,71236,71236,71236,71236,71236,712
Hygienist #16,7206,7206,7206,7206,7206,720
Hygienist #26,7206,7206,7206,7206,7206,720
Gross Sales50,15250,15250,15250,15250,15250,152
Cash Receipts (90%)45,13745,13745,13745,13745,13745,137
Accounts Receivable (10%)5,0155,0155,0155,0155,0155,015
Cost of Goods Sold
Lab Fees (9%)(4,514)(4,514)(4,514)(4,514)(4,514)(4,514)
Dental Supplies (6%)(3,009)(3,009)(3,009)(3,009)(3,009)(3,009)
GROSS INCOME:42,62942,62942,62942,62942,62942,629
EXPENSES:
Advertising (3%)1,5051,5051,5051,5051,5051,505
Insurance (3%)1,5051,5051,5051,5051,5051,505
Interest Expense (F)3,7503,7503,7503,7503,7503,750
Legal & Professional Services (F)833833833833833833
Office Supplies (6%)3,0093,0093,0093,0093,0093,009
Mortgage (F)2,5002,5002,5002,5002,5002,500
Taxes & Licenses (10% of salary)500500500500500500
Utilities (2%)1,0031,0031,0031,0031,0031,003
Wages
Dr. Stanley Kramer (F)5,0005,0005,0005,0005,0005,000
Hygienist #1 (.28 of production)1,8821,8821,8821,8821,8821,882
Hygienist #2 (.25 of production)1,6801,6801,6801,6801,6801,680
Salaried & Benefits (21%)7,7107,7107,7107,7107,7107,710
Other Expenses (F)417417417417417417
TOTAL EXPENSES:31,29231,29231,29231,29231,29231,292
NET PROFIT (LOSS):11,33711,33711,33711,33711,33711,337
Stanley at 10 patients a day at an average of $183.56/patient440,544
1 Hygienist at 7 patients a day for 2 days a week averaging $120/patient80,640
1 Hygienist at 7 patients a day for 2 days a week averaging $120/patient80,640
1 assistant 40 hours a week at $11.00/hour for 52 weeks22,880
1 receptionist/ bookkeeper 40 hours a week at $11.65/hour at 52 weeks24,232
1 receptionist/ bookkeeper 20 hours a week at $11.65/hour at 52 weeks12,116
Weekly wage of assistant and receptionist before benefits59,228
DecJanFebMarAprMayTotal
36,71236,71236,71236,71236,71236,712440,544
6,7206,7206,7206,7206,7206,72080,640
6,7206,7206,7206,7206,7206,72080,640
50,15250,15250,15250,15250,15250,152601,824
45,13745,13745,13745,13745,13745,137541,642
5,0155,0155,0155,0155,0155,01560,182
(4,514)(4,514)(4,514)(4,514)(4,514)(4,514)(54,164)
(3,009)(3,009)(3,009)(3,009)(3,009)(3,009)(36,109)
42,62942,62942,62942,62942,62942,629511,550
1,5051,5051,5051,5051,5051,50518,055
1,5051,5051,5051,5051,5051,50518,055
3,7503,7503,7503,7503,7503,75045,000
83383383383383383310,000
3,0093,0093,0093,0093,0093,00936,109
2,5002,5002,5002,5002,5002,50030,000
5005005005005005006,000
1,0031,0031,0031,0031,0031,00312,036
5,0005,0005,0005,0005,0005,00060,000
1,8821,8821,8821,8821,8821,88222,579
1,6801,6801,6801,6801,6801,68020,160
7,7107,7107,7107,7107,7107,71092,514
4174174174174174175,000
31,29231,29231,29231,29231,29231,292375,509
11,33711,33711,33711,33711,33711,337136,042

Statement of Cash FlowsYear 5, June 2006-May 2007

JunJulAugSepOctNov
Cash Inflows
Beginning Cash Balance39,47140,81542,15943,50344,84746,191
Cash Receipts68,92668,92668,92668,92668,92668,926
Total Cash Inflows108,397109,741111,085112,429113,773115,117
Cash Disbursements
Lab Fees (9%)6,8936,8936,8936,8936,8936,893
Dental Supplies (6%)4,5954,5954,5954,5954,5954,595
Advertising (3%)2,2982,2982,2982,2982,2982,298
Insurance (3%)2,2982,2982,2982,2982,2982,298
Interest Expense (F)3,7503,7503,7503,7503,7503,750
Legal & Professional Services (F)833833833833833833
Office Supplies (6%)4,5954,5954,5954,5954,5954,595
Mortgage (F)2,5002,5002,5002,5002,5002,500
Taxes & Licenses (10% of salary)1,0831,0831,0831,0831,0831,083
Utilities (2%)1,5321,5321,5321,5321,5321,532
Wages
Dr. Stanley Kramer (F)10,83310,83310,83310,83310,83310,833
Dr. Jeremiah Kramer14,68514,68514,68514,68514,68514,685
Hygienist #11,8821,8821,8821,8821,8821,882
Hygienist #21,6801,6801,6801,6801,6801,680
Salaried & Benefits7,7107,7107,7107,7107,7107,710
Other Expenses (F)417417417417417417
Total Disbursements67,58267,58267,58267,58267,58267,582
Remaining Cash at Month End40,81542,15943,50344,84746,19147,535
DecJanFebMarAprMay
47,53548,87950,22351,56652,91054,254
68,92668,92668,92668,92668,92668,926
116,461117,805119,149120,493121,837123,181
6,8936,8936,8936,8936,8936,893
4,5954,5954,5954,5954,5954,595
2,2982,2982,2982,2982,2982,298
2,2982,2982,2982,2982,2982,298
3,7503,7503,7503,7503,7503,750
833833833833833833
4,5954,5954,5954,5954,5954,595
2,5002,5002,5002,5002,5002,500
1,0831,0831,0831,0831,0831,083
1,5321,5321,5321,5321,5321,532
10,83310,83310,83310,83310,83310,833
14,68514,68514,68514,68514,68514,685
1,8821,8821,8821,8821,8821,882
1,6801,6801,6801,6801,6801,680
7,7107,7107,7107,7107,7107,710
417417417417417417
67,58267,58267,58267,58267,58267,582
48,87950,22351,56652,91054,25455,598

Possible Pitfalls

Locating a suitable practice There is the possibility that the perfect practice does not exist in our desired location. Further, the practice that I do the associateship with may not be optimal for purchase. In that case I will survey the area for a practice to buy or a location to build. Living in the area will give me latitude to do this.

Not being asked to buy the practice from the present owner If the owner does not like my work or decides not to retire, I will weigh my options. I could buy another practice, build a practice or possibly do a partial buyout of the current practice. Fortunately, this decision will be made after I have had a year's experience with the owner to assess his practice, the area, and my goals for the future without any capital outlay.

Not having a "quality" client base I feel that it is optimal to buy a practice with a good client base. Sometimes the goodwill of the client base is overstated. By working in a practice, I will have the opportunity to assess the quality of the clients. If I decide not to buy the practice that I am doing an associateship in, I will have built up a client pool of my own that will hopefully follow me to my new practice.

Not having large enough initial client base We will select a practice only after intense study of its active patient base, collection percentage, etc.

Possibility of clashing management styles between previous owners and new owners We feel that patients will adapt to our style provided we make it a policy to show sincere concern for our patients' well being. Also, we realize that it is likely that the practice will lose a percentage of its original patients in the beginning.

Possibility of clashing management styles of new owners An office manual will be constructed prior to purchase of the practice to determine whether management philosophies are compatible. Any discrepancies will be discussed and documented with employees having say in outcome.

Positive Aspects

  • Market conditions are right for location selected
  • Pre-existing client base
  • A business agreement that meets both my father's and my personal and professional goals
  • Industry trends are favorable (see Appendix)

APPENDIX

Managed Care

As in the medical profession, over the past couple of years, the dental industry has been bombarded with Preferred Provider Organizations (PPO) and Dental Health Maintenance Organizations (DHMO). Not surprising, after a couple years' trial of these services, many dentists are going back to traditional, independent practices. In 1995, 44 percent of dentists surveyed participated in at least one PPO and 19 percent participated in a DHMO as compared to 37.1 percent and 15.5 percent respectively in 1996 (Kehoe, pp. 28-29). Dr. Gordon Christensen, a leading researcher, clinician, and lecturer in dentistry, feels that the move to managed care has "degenerated the quality of dentistry, particularly the dentistry delivered by less-mature dentists" and that it has only proven beneficial for those patients that might not have had access to dentistry previously (Bonner, p.74). He predicts a movement away from managed care in the next 15 years as the American public becomes disgruntled with the poor quality and reduced alternatives offered by managed care much like it has in the medical profession. "We will see free-enterprise dentistry finally win, and therefore, the American public wins because quality will remain. This will happen because of the elective nature of many dental services, and the lack of most managed care programs to provide care in the elective area" (Bonner, p. 78).

Consolidation

One current trend in the dental industry is the linking together or networking of separate dental practices. This is called consolidation and is normally instigated by nondentist entrepreneurs who have recognized a potential income source in uniting dentists with managed care organizations (MCO). The dentists either act as salaried employees to the MCO or get paid a percentage of the collections or production. Obviously this is not the scenario that the dentist hoped for when attending eight years of school. This is only an alternative that the dentist will consider when faced with the choice of staying in private practice and losing a large percentage of the patient base to managed care or joining managed care and losing money. Consolidators act as brokers that see to it that the MCO gets the much needed managed care dental providers and that the dentists get a fair contract. This is done by networking dental practices. The consolidator is called a network administrator and he/she "evaluates the proposed contract, negotiates the terms and sets up the agreement." These consolidations are very similar to the activity taking place in the physician managed-care networks.

There are various benefits derived from the use of consolidation networks. Dentists in the managed care network receive an increase in patients. Although most consolidations that have been made include already practicing dentists, many recent graduates see it as an appealing alternative. The main benefit that they see is the elimination of the expenses associated with setting up a practice. Also it greatly reduces the necessity of making business decisions. As many dental students have had little or no business experience or instruction, and have had an education based almost entirely in science, the prospect of running a business is frightening. Speculators expect a trend toward recent graduates joining MCO networks right out of school. One other benefit of the networks is that consolidators focus on using "economies of scale" to save money. Network dental offices within a given location will see reduced lab expenses, supplies and equipment costs by volume purchasing.

Consolidation also has many obstacles. Neither dentists nor patients of managed care have as much freedom of choice in the dental care given or received. As dentistry is becoming more elective and is offering more alternatives for each diagnosis, both the patient and dentist want more freedom of choice. There is also the question of legal liability for treatment. If the dentist is merely acting as an employee of a MCO, who is liable in a case of malpractice? "Managed care companies usually cannot be directly sued for malpractice because they do not practice dentistry, but rather 'arrange' for treatment or pay for services. Consolidation companies may work with network dentists as independent contractors or employees. If a dentist is an employee or 'agent' of a company, that company may be held liable." Finally, some states have laws stating that only a dentist can own a dental practice. "Challenges to the law are expected to be made by consolidators in 'dentist-ownership only' states."

Baby Boomer Dentists Retiring

As the baby boomers are starting to turn 50, there is much interest in the effect that this will have on dentistry. Many dentists retire between the ages of 55 and 65 and as the baby boomers near these ages, there are many questions that need to be answered about the competitive factors involved. For instance, will there be a surplus of dental practices for sale in the next 10 years, making a shift to a buyer's market? Imtiaz Manji, president of ExperDent Consultants, Inc. says that eventually the dental practice market will be a buyer's market. He speculates that the only practices that will sell at close to what their value is today are those that have "exceptionally well-managed patient bases and goodwill assets" (Manji, p. 12).

Another question concerning the retirement of baby boomer dentists is whether there will be a shortage of dentists in 10 years. This question can be looked at by discussing the number of active dentists that will be over 50 in 10 years and the number of dental students graduating in the next few years. In 1996, there were 152,575 professionally active dentists in the United States. Of the active dentists, only 45,580 or 30 percent were under age 40. That means that within 10 years, 70 percent of the current active dentists will either be retired or preparing for retirement. Will this number be offset by an abnormally high market influx of recent graduates? Currently there are 55 dental schools in the United States and the current trend is that it is more likely for a school to close down that for a new school to be instituted. In 1996, there were 16,570 undergraduate dental students of which 3,810 graduated. Applications to dental schools have increased from 5,123 to 8,872 between 1990 and 1996; however, class sizes have remained relatively the same size ("Key Dental Facts, pp. 14-16).

Bigger Bottom Line

The current trend in dentistry is increased wealth. Between 1995 and 1996, 73.2 percent of dentists noted increased take home pay, 76.8 percent reported their gross personal income increased by a median of 10 percent, and more than 50 percent of respondents claimed unchanged or decreased overhead costs. When the dentists surveyed were asked the reason for this increase in wealth, they typically diagnosed it as a "combination of working harder, working smarter, and increasing fees" (Kehoe, p. 28).

Globalization

As we enter a new millennium, we are forced to expand our viewpoint to include the international perspective. "Globalization can be defined as a process of change stemming from a combination of increasing cross-border activity and information technology enabling virtually instantaneous communication worldwide." There is a greater global immigration among dentists, and countries are becoming more lenient with their accreditation of immigrant dentists. Furthermore, many students are receiving their education internationally. The Internet has become an integral part of international communication among dentists. The more developed nations claim to be becoming more "Americanized" in dentistry. This is important since American dentistry has led the way in most dental advancements in the last several decades. There is also a push for the developed nations to make dental practices and education available to underdeveloped countries due to a great feeling of international social responsibility among the dental profession. This push toward globalization is opening vistas worldwide in such avenues as business opportunities, education and training, and social conscious.

Technology

More and more dentists are embracing the new innovations that have reached the industry. Nearly 93 percent of respondents to a survey done by Dental Practice and Finance magazine use computers in the daily operations of their practice. As the doctor's income level increased, so did the spending on new technologies. A listing of percentages of high-tech instrumentation used by respondents is as follows ("Examining Incomes," p. 32):

Intraoral video camera37.1%
Air abrasion cavity preparation systems5.0%
Digital radiography2.8%
Cosmetic imaging software5.5%

New Products

In an interview conducted with Dr. Gordon Christensen, he addressed the most important changes in dentistry in the last 15 years and how they will affect the next 15 years. In his discussion, he talks of an abundance of new product innovation and dental procedure improvements that are shaping dentistry of the future. For instance, the vast use of fluoride in community water and by direct application to teeth by means of toothpaste and rinses has greatly controlled the cases of gross caries that have been seen in past generations. This has promoted dentistry to a point of being largely preventative rather than restorative. With the new preventative stance taken, doctors can spend more time doing some form of aesthetic or cosmetic dentistry, which is where the true profit comes into play. For example, due to preventative measures, the average person retains his or her teeth longer. Since people age 50 and older have more discretionary money, they are more prone to take advantage of new products and processes, such as tooth whitening and implants. As the baby boomers hit this age, dentists will see an even bigger trend toward aesthetic and cosmetic services. Dr. Christensen gives a listing of the areas that have seen the most change in dentistry over the last 15 years. This list includes (Bonner, p. 74):

20 Areas That Have Changed Dentistry Over the Last 15 Years

  1. Infection control
  2. Orthognathic surgery
  3. Adult orthodontics
  4. Lighted handpieces
  5. Magnifying Loupes
  6. Aesthetic Dentistry
  7. Bleaching teeth
  8. Composite resin restoration
  9. Controlling caries among children
  10. The maturation of dental implants
  11. Intraoral cameras
  12. Digital radiography
  13. Ceramic restorations in fixed prosthodontics
  14. Polymer-based fixed prosthodontic restorations
  15. The maturation of class II resins
  16. Microscopic endodontics
  17. Air abrasion
  18. Resin-reinforced glass ionomers
  19. The refinement of impression materials
  20. Managed Care

Bibliography

Bonner, Phillip. "A Look at the Past and Future: Interview with Gordon Christensen, DDS, Ph.D." Dentistry Today, December 1997.

Dental County Reports. American Dental Association.

"Examining the Incomes of High-tech Dentists." Dental Practice and Finance, Nov./Dec. 1997, pp. 32-33.

Kehoe, Bob. "Building a Bigger Bottom Line." Dental Practice and Finance, Nov./Dec. 1997, pp. 28-36.

"Key Dental Facts." American Dental Association, Survey Center, September 1997.

Manji, Imtiaz. "Practically Speaking: Solving Management Challenges." Dental Practice and Finance, Nov./Dec. 1997, p. 12.

"Starting Your Dental Practice: A Complete Guide." American Dental Association, Practice Management, Series, 1996.

Dental Implants

views updated Jun 11 2018

Dental Implants

Definition
Purpose
Demographics
Description
Preparation/Diagnosis
RisksNormal results

Definition

Dental implants are surgically fixed substitutes for roots of missing teeth. Embedded in the jawbone, they act as anchors for a replacement tooth, also known as a crown, or a full set of replacement teeth.

Purpose

The purpose of dental implant surgery is to position metallic anchors in the jawbone so that they can receive the replacement teeth and hold them in place. Dental implants should be considered as an option for replacing failing or missing teeth, and often provide more predictable results than bridgework, resin bonded bridges, or endodontic treatment.

Demographics

In 2000, the estimated number of dental implants placed in the United States was 910,000, and this number is expected to increase at a rate of about 18% per year through 2010. Dental implants are equally popular

in Europe, especially in Germany where the procedure is reimbursed by the national healthcare system.

Description

By replacing a lost tooth with a dental implant, the overall health and function of the surrounding teeth is maintained. The implant can prevent tooth migration and loss of structure and will help avoid loss of bone from the jaw in that area. Further, implants reduce the impact of the lost tooth on surrounding teeth, as traditional bridge structures often require reduction (filing down) of the two flanking teeth to hold the bridge in place with a crown. Implanting avoids such alterations to the surrounding teeth when replacing a lost tooth.

KEY TERMS

Computed tomography (CT) scan— A method of imaging both hard and soft tissue of the body used in placement of dental implants that are not within the bone.

Crown— An artificial replacement tooth.

Endosteal implants— Dental implants that are placed within the bone.

Prosthetic tooth— The final tooth that is held in place by the dental implant anchor.

Resorbed— Absorbed by the body because of lack of function. This happens to the jawbone after tooth loss.

When replacing dentures, implants can provide even more benefits. Implants do not slip nor do they have the potential of limiting the diet to easily chewed foods as can happen with poorly fitting dentures. If appropriate, implants are the method most able to surgically restore one or more missing teeth to their original conditions.

Under local anesthesia, the first step for most implant procedures is the exposure of the bone where the implant is to be made. This is followed by placement of the implant into the exposed jawbone. Implants that are placed in the bone are called endosteal implants and are made of titanium or a titanium alloy because this metal does not adversely interact with biological tissue. After placement of the implant, a cover screw is put in and the wound is closed with stitches and allowed to heal. In general, placements in the lower jaw need to heal about three months, while placements in the upper jaw need to heal about six months.

After healing, in a second surgical procedure, the implant is uncovered, the cover screw is removed, and a healing abutment or a temporary crown is placed in the implant. Temporary crowns are generally used for esthetic reasons, when the implant is in a place that is visible. Both healing abutments and temporary crowns allow the tissue around the implant to be trained to grow around the final prosthetic tooth.

After about two months, the soft tissue will be healed enough to receive the final prosthetic tooth. Impressions are used to make custom abutments that take into account the neck morphology of the implant. The prosthetic tooth is sometimes attached to a gold cylinder that can be screwed into the abutment or it

WHO PERFORMS THIS PROCEDURE AND WHERE IS IT PERFORMED?

Implants can be done by dentists, periodont-ists, or oral surgeons. The procedure is done in the dental professional’s office.

can be directly cemented onto the abutment. This multi-stage process, where the two surgical procedures are separated by a lengthy healing time, has proven to provide excellent stability in the final implant. Single-step surgical implants are available, but some stability of the final implant is often lost by eliminating the healing step.

Preparation/Diagnosis

At the first appointment, the dentist or oral surgeon performs a thorough examination to determine whether implants are appropriate to replace the missing teeth. Often, x rays are necessary to discover the state of the jawbone, particularly if the teeth have been lost for some time. This information is used to determine if implants are appropriate and, if so, what particular type of implant would be best for the clinical situation.

There are two solutions commonly used if the initial examination indicates that the bone in the area where the implant is to occur is too resorbed to support the implant. The first is bone grafting. This involves undergoing a procedure that moves bone from one place in the body to another to enlarge the bone structure at the implant site. Often, bone can be moved from one place in the mouth to another. Sometimes a graft from a donor, or an animal, or artificial bone can be used if bone from the patient is not available. Grafting usually is done four to eight months before the implant procedure to allow the graft a chance to heal before it is disturbed with the implant process.

A second solution is the use of subperiosteal implants that ride above the bone but beneath the gum. These types of implants are not placed in the bone. A computed tomography (CT) scan is commonly used to obtain a model of the bone structure and then the implant fixture is molded to precisely fit the bone model.

Risks

The greatest risk following the surgical procedures is that the implant will fail. For implants placed

QUESTIONS TO ASK YOUR DENTIST

  • What are the expected benefits of dental implants and what are the chances of receiving these benefits?
  • What are the expected risks of dental implants and what are the chances of suffering from these risks?
  • How many procedures like this have you done previously and can I talk to any of these patients?

within the bone, most failures occur within the first year and then occur at a rate of less than 1% per year thereafter. Recent research has indicated that tobacco use by the patient and use of a single-stage implant procedure are two risk factors that increase failure rate.

Normal results

Overall, the success rate for all implants runs from 90-95%. Most failed implants can be replaced with a second attempt.

Resources

BOOKS

Babbush, Charles A. As Good as New: A Consumer’s Guide to Dental Implants. Lyndhurst, OH: Dental Implant Center Press 2004.

Misch, Carl E. Contemporary Implant Dentistry. St. Louis, MO: Mosby, 2007.

PERIODICALS

Bartlett, D. “Implants for Life? A Critical Review of Implant-supported Restorations.” Journal of Dentistry 35 no. 10 (2007): 768–7721.

ORGANIZATIONS

American Academy of Implant Dentistry. 211 E. Chicago Avenue, Suite 750, Chicago, IL 60611. (312) 335-1550, Fax: (312) 335-9090. http://www.aaid-implant.org (accessed March 11, 2008).

American Dental Association. 211 E. Chicago Ave. Chicago, IL 60611. (312) 440-2500, Fax: (312) 440-7494. http://www.ada.org (accessed March 11, 2008).

Michelle Johnson, MS, JD

Tish Davidson, A M

Dental Implants

views updated Jun 11 2018

Dental implants

Definition

Dental implants are surgically fixed substitutes for roots of missing teeth. Embedded in the jawbone, they act as anchors for a replacement tooth, also known as a crown, or a full set of replacement teeth.


Purpose

The purpose of dental implant surgery is to fix metallic anchors in the jaw bone so that they can receive the replacement teeth and hold them in place. Dental implants should be considered as an option for replacing failing or missing teeth and often provide more predictable results than bridgework, resin bonded bridges, or endodontic treatment.


Demographics

In 2000, the estimated number of dental implants placed in the United States was 910,000 and this number is expected to increase at a rate of about 18% per year through 2005.


Description

By replacing a lost tooth with a dental implant, the overall health and function of the surrounding teeth is maintained. The implant can prevent tooth migration and loss of structure and will help avoid loss of bone from the jaw in that area. Further, implants reduce the impact of the lost tooth on surrounding teeth, as traditional bridge structures often require reduction (filing down) of the two flanking teeth to hold the bridge in place with a crown. Implanting avoids such alterations to the surrounding teeth when replacing a lost tooth.

When replacing dentures, implants can provide even more benefits. Implants do not slip nor do they have the potential of limiting the diet to easily chewed foods as can happen with poorly fitting dentures. If appropriate, implants are the method most able to surgically restore one or more missing teeth to their original conditions.

The actual procedure occurs as follows. Under local anesthesia, the first step for many implant procedures is the exposure of the bone where the implant is to be made. This is followed by placement of the implant into the exposed jawbone. Implants that are placed in the bone are called endosteal implants and are made of titanium or a titanium alloy because this metal does not adversely interact with biological tissue. After placement of the implant a cover screw is put in and the wound is closed with stitches and allowed to heal. In general, placements in the lower jaw need to heal about three months, while placements in the upper jaw need to heal about six months.

After healing, in a second surgical procedure, the implant is uncovered, the cover screw is removed, and a healing abutment or a temporary crown is placed in the implant. Temporary crowns are generally used for esthetic reasons, when the implant is in a place that is visible. Both healing abutments and temporary crowns allow the tissue around the implant to be trained to grow around the final prosthetic tooth.

After about two months the soft tissue will be healed to receive the final prosthetic tooth. Impressions are used to make custom abutments that take into account the neck morphology of the implant. The prosthetic tooth is sometimes attached to a gold cylinder that can be screwed into the abutment or it can be directly cemented onto the abutment. This multi-stage process, where the two surgical procedures are separated by a lengthy healing time, has proven to provide excellent stability in the final implant. Single step surgical implants are available, but some stability of the final implant is often lost by eliminating the healing step.


Preparation/Diagnosis

At the first appointment, the dentist or oral surgeon performs a thorough examination to determine whether implants are appropriate to replace the missing teeth. Often, x rays are necessary to discover the state of the jawbone, particularly if the teeth have been lost for some time. This information is used to determine if implants are appropriate and, if so, what particular type of implant would be best for the clinical situation.

There are two solutions commonly used if the initial examination indicates that the bone in the area where the implant is to occur is too resorbed to support the implant. The first is bone grafting . This involves undergoing a procedure that moves bone from one place in the body to another to enlarge the bone structure at the implant site. Often, bone can be moved from one place in the mouth to another. Sometimes a graft from a donor or an animal or artificial bone can be used if bone from the patient is not available. Grafting usually is done four to eight months before the implant procedure, to allow the graft a chance to heal before it is disturbed with the implant process.

A second solution is the use of subperiosteal implants that ride above the bone but beneath the gum. These types of implants are not placed in the bone. A CT scan is commonly used to obtain a model of the bone structure and then the implant fixture is molded to precisely fit the bone model.


Risks

The greatest risk following the surgical procedures is that the implant will fail. For implants placed within the bone, most failures occur within the first year and then occur at a rate of less than 1% per year thereafter. Recent research has indicated that tobacco use by the patient and use of a single-stage implant procedure are two risk factors that increase failure rate.


Normal results

Overall, the success rate for all implants runs from 90% to 95%. Most failed implants can be replaced with a second attempt.

Resources

books

Balshi, Tom, William Becker, Edmond Bedrossian, and Peter Wohrle. A Patient's Guide to Dental Implants. Omaha, NE: Addicus Books, 2003.

Wiland, Michael R., Michael Mastromarino, and Joseph N. Pipolo. Smile: How Dental Implants can Transform Your Life. Boca Raton, FL: CRC Press-Parthenon Publishers. 2001.

periodicals

Vehemente, V. A., et al. "Risk Factors Affecting Dental Implant Survival." Journal of Oral Implantology 28 (2002): 7481.

organizations

American Academy of Implant Dentistry. 211 E. Chicago Avenue, Suite 750, Chicago, IL 60611. (312) 335-1550, Fax: (312) 335-9090. <http://www.aaid-implant.org>.

American Dental Association. 211 E. Chicago Ave. Chicago, IL 60611. (312) 440-2500, Fax: (312) 440-7494. <http://www.ada.org>.


Michelle Johnson, M.S., J.D.

WHO PERFORMS THE PROCEDURE AND WHERE IS IT PERFORMED?


Implants can be done by dentists, periodontists, or oral surgeons. The procedure is done in the dental professional's office.

QUESTIONS TO ASK THE DOCTOR


  • What are the expected benefits of dental implants and what are the chances of receiving these benefits?
  • What are the expected risks of dental implants and what are the chances of suffering from these risks?
  • How many procedures like this have you done previously and can I talk to any of these patients?

Dental Implants

views updated May 14 2018

Dental implants

Definition

Dental implants are surgically fixed substitutes for roots of missing teeth. Embedded in the jawbone, they act as anchors for a replacement tooth, also known as a crown, or a full set of replacement teeth.

KEY TERMS

Computed tomography (CT) scan —A method of imaging both hard and soft tissue of the body used in placement of dental implants that are not within the bone.

Crown —An artificial replacement tooth.

Endosteal implants —Dental implants that are placed within the bone.

Prosthetic tooth —The final tooth that is held in place by the dental implant anchor.

Resorbed —Absorbed by the body because of lack of function. This happens to the jawbone after tooth loss.

Purpose

The purpose of dental implant surgery is to position metallic anchors in the jawbone so that they can receive the replacement teeth and hold them in place. Dental implants should be considered as an option for replacing failing or missing teeth, and often provide more predictable results than bridgework, resin bonded bridges, or endodontic treatment.

Demographics

In 2000, the estimated number of dental implants placed in the United States was 910,000, and this number is expected to increase at a rate of about 18% per year through 2010. Dental implants are equally popular in Europe, especially in Germany where the procedure is reimbursed by the national healthcare system.

Description

By replacing a lost tooth with a dental implant, the overall health and function of the surrounding teeth is maintained. The implant can prevent tooth migration and loss of structure and will help avoid loss of bone from the jaw in that area. Further, implants reduce the impact of the lost tooth on surrounding teeth, as traditional bridge structures often require reduction (filing down) of the two flanking teeth to hold the bridge in place with a crown. Implanting avoids such alterations to the surrounding teeth when replacing a lost tooth.

When replacing dentures, implants can provide even more benefits. Implants do not slip nor do they have the potential of limiting the diet to easily chewed foods as can happen with poorly fitting dentures. If appropriate, implants are the method most able to surgically restore one or more missing teeth to their original conditions.

Under local anesthesia , the first step for most implant procedures is the exposure of the bone where the implant is to be made. This is followed by placement of the implant into the exposed jawbone. Implants that are placed in the bone are called endosteal implants and are made of titanium or a titanium alloy because this metal does not adversely interact with biological tissue. After placement of the implant, a cover screw is put in and the wound is closed with stitches and allowed to heal. In general, placements in the lower jaw need to heal about three months, while placements in the upper jaw need to heal about six months.

After healing, in a second surgical procedure, the implant is uncovered, the cover screw is removed, and a healing abutment or a temporary crown is placed in the implant. Temporary crowns are generally used for esthetic reasons, when the implant is in a place that is visible. Both healing abutments and temporary crowns allow the tissue around the implant to be trained to grow around the final prosthetic tooth.

After about two months, the soft tissue will be healed enough to receive the final prosthetic tooth. Impressions are used to make custom abutments that take into account the neck morphology of the implant. The prosthetic tooth is sometimes attached to a gold cylinder that can be screwed into the abutment or it can be directly cemented onto the abutment. This multi-stage process, where the two surgical procedures are separated by a lengthy healing time, has proven to provide excellent stability in the final implant. Single-step surgical implants are available, but some stability of the final implant is often lost by eliminating the healing step.

Preparation/Diagnosis

At the first appointment, the dentist or oral surgeon performs a thorough examination to determine whether implants are appropriate to replace the missing teeth. Often, x rays are necessary to discover the state of the jawbone, particularly if the teeth have been lost for some time. This information is used to determine if implants are appropriate and, if so, what particular type of implant would be best for the clinical situation.

QUESTIONS TO ASK YOUR DENTIST

  • What are the expected benefits of dental implants and what are the chances of receiving these benefits?
  • What are the expected risks of dental implants and what are the chances of suffering from these risks?
  • How many procedures like this have you done previously and can I talk to any of these patients?

There are two solutions commonly used if the initial examination indicates that the bone in the area where the implant is to occur is too resorbed to support the implant. The first is bone grafting. This involves undergoing a procedure that moves bone from one place in the body to another to enlarge the bone structure at the implant site. Often, bone can be moved from one place in the mouth to another. Sometimes a graft from a donor, or an animal, or artificial bone can be used if bone from the patient is not available. Grafting usually is done four to eight months before the implant procedure to allow the graft a chance to heal before it is disturbed with the implant process.

A second solution is the use of subperiosteal implants that ride above the bone but beneath the gum. These types of implants are not placed in the bone. A computed tomography (CT) scan is commonly used to obtain a model of the bone structure and then the implant fixture is molded to precisely fit the bone model.

Risks

The greatest risk following the surgical procedures is that the implant will fail. For implants placed within the bone, most failures occur within the first year and then occur at a rate of less than 1% per year thereafter. Recent research has indicated that tobacco use by the patient and use of a single-stage implant procedure are two risk factors that increase failure rate.

Results

Overall, the success rate for all implants runs from 90–95%. Most failed implants can be replaced with a second attempt.

Resources

books

Babbush, Charles A. As Good as New: A Consumer's Guide to Dental Implants. Lyndhurst, OH: Dental Implant Center Press, 2004.

Misch, Carl E. Contemporary Implant Dentistry. St. Louis, MO: Mosby, 2007.

periodicals

Bartlett, D. “Implants for Life? A Critical Review of Implant-supported Restorations.” Journal of Dentistry 35 no. 10 (2007): 768–7721.

organizations

American Academy of Implant Dentistry. 211 E. Chicago Avenue, Suite 750, Chicago, IL 60611. (312) 335-1550, Fax: (312) 335-9090. http://www.aaidimplant.org (accessed March 11, 2008).

American Dental Association. 211 E. Chicago Ave. Chicago, IL 60611. (312) 440-2500, Fax: (312) 440-7494. http://www.ada.org (accessed March 11, 2008).

Michelle Johnson MS, JD

Tish Davidson AM

Dentist

views updated May 21 2018

Dentist

Education and Training: College and dental college

Salary: Median—$129,920 per year

Employment Outlook: Good

Definition and Nature of the Work

Dentists are health professionals who take care of the teeth, gums, and supporting bones of the mouth. They help their patients keep their teeth and gums healthy. They also treat diseased teeth and gums. Dentists sometimes detect general diseases of the body that can affect the condition of a patient's mouth.

Most dentists work as general practitioners in their own offices or with a group of dentists. They often have dental assistants and dental hygienists working for them. Under the dentist's direction, these helpers sometimes take X-rays, clean patients' teeth, and teach patients how to care for their teeth and gums at home. Dentists may take X-rays themselves. They examine patients' mouths for cavities, sores, swelling, or other signs of disease. They may fill cavities, pull teeth that cannot be saved, or replace missing teeth. Dentists use both hand and power tools. They may use a local or general anesthetic to keep patients comfortable during treatment. Some dentists do their own laboratory work. Others send this work out to dental laboratories. Sometimes general practitioners refer patients to specialists.

There are eight areas of specialization for dentists. Orthodontists straighten teeth by fitting them with wires or braces. Oral surgeons operate on the mouth and jaws. Endodontists treat diseases of the soft pulp inside the teeth. Oral pathologists diagnose and sometimes treat diseases of the mouth. Pedodontists specialize in dentistry for children and teenagers. Periodontists are concerned with problems of the gums. Prosthodontists replace missing teeth with artificial teeth. Public health dentists develop care programs. A small percentage of dentists also work in teaching, research, or administration jobs.

Education and Training Requirements

You need six to eight years of training after high school before you can work as a dentist. You must complete two to four years of college before entering a dental college. Most students have at least a bachelor's degree when they begin dental college. The four-year program at a dental college leads to degrees as either a doctor of dental surgery (DDS) or a doctor of dental medicine (DMD) degree. Dentists who decide to specialize need from two to four years of further training.

All states require dentists to be licensed. They must graduate from an approved dental college and then pass a state board examination.

Getting the Job

Most newly licensed dentists enter private practice. Since it is becoming more difficult to open new practices, many dentists start out by working with a dentist who is already established. Other dentists find salaried positions in hospitals or government agencies. Your dental college placement office can give you information on how to begin a practice.

Advancement Possibilities and Employment Outlook

Dentists usually advance by building their practices. Some become specialists. Others may go into high-level teaching, research, or administration jobs. Employment in dentistry is expected to grow about as fast as average for all occupations through the year 2014. Most jobs will result from the need to replace the large number of dentists projected to retire. Job prospects will be good and the demand for dentists will continue to grow as the population ages and requires more dental care. The provision of dental insurance is also expected to create some new jobs for dentists. At the same time, dentists are likely to hire more dental hygienists and dental assistants to handle some of the services they provide, rather than hiring more dentists.

Working Conditions

Dentists must spend long hours on their feet. They must take precautions against infectious diseases and be able to deal with tense patients. They are rewarded, however, by the prestige of their profession. Because they often have several helpers, dentists must be able to supervise the work of others. They should also have good business sense. They must be responsible and careful professionals who can work well with their hands.

Dentists usually set their own schedules. Many choose to work more than forty hours per week, including some evening and Saturday hours. Some dentists prefer a part-time schedule.

Where to Go for More Information

American Dental Education Association
1400 K St. NW, Ste. 1100
Washington, DC 20005
(202) 289-7201
http://www.adea.org

American Dental Association
211 E. Chicago Ave.
Chicago, IL 60611-2678
(312) 440-2500
http://www.ada.org

Earnings and Benefits

Earnings for dentists vary widely. They depend on the dentist's experience, skill, and willingness to work long hours. Earnings also depend on location and on the type of practice. In 2004 the median income for dentists was $129,920 per year. Since most dentists are self-employed, they must provide their own benefits.

Dentist

views updated May 18 2018

Dentist

A dentist is a medical professional who cares for the oral health of his patients. Dentists administer both prophylactic (preventative) care and corrective treatments for teeth and gums. Dentists in a general practice perform procedures such as cavity filling, root canals, gingivitis (gum disease) correction, and much more. Specialties in dentistry include orthodontics (structural correction), oral surgery, pediatric dentistry, endodontics (complex root canals and dental implants), oral surgery, periodontics (advanced gum care), and prosthodontics (reconstructive dentistry).

The most familiar work setting for a dentist is private practice. Traditionally, dentists in private practice provide oral health services for families. However, dentists are also employed in a variety of other situations. For example, many hospitals (especially those that specialize in long-term care, such as geriatric and psychiatric hospitals) employ dentists to attend to the oral health of their patients. Additionally, public health agencies that organize relief efforts for inner cities, the rural poor, or developing nations employ dentists to provide dental care to people groups that cannot normally afford it. Many insurance companies also employ dentists as consultants that help review and process dental claims.

In order to become a dentist, one must attend four years of dental school after obtaining a bachelor's degree from an undergraduate college. To gain admittance into dental school, a strong high school and college background in biology, chemistry, math, and physics is required.

see also Doctor, Family Practice; Medical Assistant

Susan T. Rouse

Bibliography

American Dental Student Dental Association. <http://www.asdanet.org/>.

Cox/Bond Dental Group. "So You Want to Become a Dentist?" <http://www.vvm.com/~bond/home.htm>.

List of Dental Schools. <http://dir.yahoo.com/Health/Medicine/Dentistry/Schools__Departments__and_Programs/>.

dentist

views updated May 18 2018

den·tist / ˈdentist/ (abbr.: dent.) • n. a person qualified to treat the diseases and conditions that affect the teeth and gums, esp. the repair and extraction of teeth and the insertion of artificial ones.DERIVATIVES: den·tist·ry / -strē/ n.