Dateline Winter2014

PRESORTEDSTANDARD

US POSTAGE PAIDPERMIT #337

TERRE HAUTE IN

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Volume 35 Number 4 Winter 2009

OSHA/CPR

EthicsSeminar

Continuing Education:Dental Assistant WorkshopsIUSD Student Study ClubNew Dentist Seminars


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DATELINE - Winter2014 3

Published four times a yearIndianapolis District Dental Society 8780 Purdue Road, Suite 8Indianapolis, IN 46268-1173

Office Hours: 8:30a.m.-4:30p.m. Mon-Fri 317/471-8131 or 800-358-7715317/471-8147 Faxwww.IndyDentalSociety.org

OfficersWill Hine, D.D.S. PresidentHeather Maupin, D.D.S. President-ElectJason Flannagan, D.D.S. Vice-PresidentMatt Bojrab, D.D.S., M.S.D. TreasurerBruce Wiland, D.D.S., M.S.D Immediate Past PresidentDave Wolf, D.D.S. IDA TrusteeBoard of DirectorsChad Bailey, D.D.S.Sarah Herd, D.D.S., M.S.D.Evan Hiple, D.D.S.Edna Kemp, D.D.S.John Loeffler, D.D.S.Wayne Kinney, D.D.S.Amanda Miller, D.D.S.John Williams, D.M.D., M.B.A.

Editor P. Bruce Easter, D.D.S.3935 Eagle Creek Parkway, Suite AIndianapolis, IN [email protected]

Managing/Design EditorCarolyn Hansen, Executive [email protected]

Disclaimer: The opinions expressed herein are those of the author under whose name they appear and are not to be regarded as representing the views of the Indianapolis District Dental Society unless so indicated.

In This IssuePresidents Message, Dr. Will Hine, Jr. .........................................................................3

Spring General Membership Meeting .........................................................................5

Welcome New and Returning Members .....................................................................6

Ethics Seminar, Mr. Jay Dziwlik .................................................................................8

IDDS Election Results .................................................................................................9

Dental Networking Seminar ......................................................................................14

Roster Member Update Form ....................................................................................17

OSHA/CPR Workshops ............................................................................................21

Presidents Message

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Will Hine, D.D.S.

Continued on page 4

Time To Wrap Things UpWinter 2014

I have tried in my other articles to articulate how as a profession we need to be aware of our professional legacy, as well as remembering those times we needed help along our professional journey. What are we doing as a profession to lift up our legacy? What are we as individuals doing? As the leaves change and winter wind starts to blow, I challenge each of us to make a reso-lution for the New Year to start, continue, and increase the work we do to improve our profession. Donate a little more, volun-teer a little more, show compassion a little more. Just flip through the pages of this Dateline, and you will find so many ways to help. If each of us works to do this, we will not only as a group help so many, we will be forever brightening the legacy we inherited for the next generations of dental profes-sionals.

As I find myself reflecting on my year as President of IDDS. One word comes to mind, thankful. I have tried to express my thanks to all of you for being involved in organized dentistry. There are many chal-

lenges and changes our profession has seen, and will continue to see in the future. It is only through active participation in orga-nized dentistry, that we will have a voice strong enough to guide our profession through these changes. Without this unified vision and voice, it will be left up to oth-ers to chart our course. We can do better. I would like to express to all of you who actively participate in IDDS, the IDA and the ADA, thank you for being involved.

As a component, we are very lucky to have such great committee members and volunteers. The real work of IDDS happens at this level. The member who volunteers to help set up our general membership meet-ings, the volunteer who sits on the peer review committee, the volunteer who helps run our Foundation fundraisers, the mem-ber who stepped up and is in charge of the upcoming MOMs program with the IDA, and on and on. There are so many examples, some visible, some behind the scenes, of IDDS members volunteering for the good of the organization. Thanks to all of my fellow board members, committee members, and volunteers who make IDDS great.

We are also very lucky as a component to have the best staff around. Thank you to Sarah who has picked up more and more responsibility this year and done a terrific job. And a special thanks to Carolyn who makes all of us look good. The hours she puts in and organizational excellence she possesses makes her one of a kind. She even talks her family into helping out! She is one of the most respected Executive Directors in the nation, and we should all be proud of the work she does for IDDS.

IndyDentalSociety.org - Winter 20144

Board of Directors Summary Approvedthe2015Slate Approvedthe2015Budget ThankedDrs.KeithAlvarez,ChadBailey&WayneKinneyfor

their service to Peer Review Committee ThankedDr.WillHine,Jr.forhisserviceasPresident

Executive Director SummaryThank you to all of the members, Board of Directors, Officers,

and President Will Hine for outstanding leadership. Next year is Roster time!! Please complete the Membership Information Update form in this edition and return it to IDDS. New pictures will be taken at the Spring GMM for the Roster. If your practice or home information has changed, or you want a new picture, nows the time to let us know so that we keep the database current. Have a happy, prosperous and healthy 2015!! Thank you! Carolyn Hansen

Presidents Message Continued from page 3I also want to thank my family for putting up with my

increased meeting load this year. Without this support, I would not have felt the freedom to accept this leadership role in IDDS. We all need a support system and I have one of the best in my wife Michelle and kids Madalyn & Ellie.

So thank you all for a terrific year and heres to a great 2015 and beyond.

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Spring General Membership MeetingWednesday, March 11, 2015

IDDS Presents

Matt ModleskiLife, Leadership &

High Performing Teams

q YES, I will attend the IDDS Membership Meeting (Meeting is worth 1 CE credit)

Dentist Name: _____________________________________________________________

Name of Membership Meeting Attendee(s) _______________________________________

Spouses and Nonmember Dentists = $35 per person

Total amount enclosed for Membership Meeting $_________

_____I am paying by check (enclosed)

_____I am paying by credit card q Visa q MasterCard

Card #___________-____________-___________-___________

Expires__________/__________

(Fax or mail this form to IDDS (471-8147) by Monday, March 2, 2015)8780 Purdue Road, Suite 8, Indianapolis, IN 46268

***Please Note: Since meal is catered, all reservations must be guaranteed. Please return your registration prior to Monday, March 2, 2015. Notice of cancellation must be received before 9a.m. on Monday, March 2, 2015. The courtesy of canceling your reservations in compliance with this deadline will avoid your financial commitment.

IDDS GeneralMembership

Meeting Wednesday, March 11, 2015

Garrison Conference Centrer

Reception: ..........................5:30p.m.Dinner: ...............................6:30p.m.IDDS Business: . Dr. Heather Maupin,................................ IDDS PresidentGuest Speaker: ..MattModleski(1CE)

You Are Invited. . . IDDS Spring Membership Meeting

Reception ...................................... 5:30 pmDinner .......................................... 6:30 pmIDDS Business .........Dr. Heather Maupin, IDDS President

Guest Speaker: Matt ModleskiLife, Leadership & High Performing Teams

His journey as a 17 year old enlisted member of the Air Force to flying as a Solo Pilot on the Thunderbirds and the life lessons learned. Growth Curve discussion regarding how easy it is to believe that what youve always done well will ensure you succeed in a new reality. Changes in the insurance models are ever evolving. What can be learned from the experience the Medical profession is having right now?

Post Road56th St.

N

Garrison Conference Center

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Make your reservations for your next General Membership Meeting Wednesday, March 11, 2015 at the Blue Heron Ballroom, Garrison Conference Center at Fort Harrison State Park Inn, 6002 N. Post Road.

Register: IDDS 317/471-8131 or Fax: 317/471-8147 or

[email protected]

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Membership Committee Thanks 2014 Dues Incentives Winners!

Dr. Nancy Bolt Dr. Rodney Eccles

You too can be a winner just by paying your 2015 dues in full by December 31, 2014 and/or by January 31, 2015. There will be 5 winners names drawn. One lucky winner will have his/her ADA/IDA/IDDS dues; one lucky winner will have his/her IDA/IDDS dues; and 3 lucky winners will have his/her IDDS dues reimbursed.

Thank you to the Membership Committee for their efforts to make this opportunity possible for our members: Drs. Megan Byrne and Gabrielle Caron, Co-Chairs; Drs. Karen Ellis, Kevin Flannagan, Sarah Herd, Olga Isyutina, Katie McNutt, Stacey Rochman, Kat So, Jenna Voegele and Sanabel Younes.

Dr. Betsy Crandall

Dr. Hine (l) and Dr. Byrne (r) welcome New Members: Scott Bassett, Kelly Elikofer, Garret Fiorenza, Anand Patel and Vincent Hansen

Do you need a deaf interpreter for your patients? If so, you can call Deaf Community Services at

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IDDS Welcomes New MembersDr. Lina Al-bitar1642 S. Olive Branch Parke LnSte 600/700 Greenwood, IN [email protected] U 2009

Dr. Zahra AlRawi2260 Grand Prix Dr. Apt. D Indianapolis, IN [email protected] of Illinois 2014

Dr. Mark Anderson8240 Naab Rd Ste 355 Indianapolis, IN [email protected] Linda U 1988

Dr. Holly Austgen6020 Southeastern Ave Indianapolis, IN [email protected] 2011

Dr. Jessica Bolander9310 North Meridian St. Indianapolis, IN [email protected] 2005

Dr. George Carrico, Jr. 610 N High School Rd Indianapolis, IN [email protected] 1988

Dr. Brittany Curnutt15001 Story Ct. Westfield, IN [email protected] 2014

Dr. Shereen Elsahy5330 W Washington St. Indianapolis, IN [email protected] 2013

Dr. Vincent Hansen9333 N Meridian St. Ste. 301 Indianapolis, IN [email protected] U 2010

Dr. Cheryl Hartman117 W Washington St Shelbyville, IN [email protected] 2007

Dr. Jillian Hodge4846 Lakeshore Place Apt. 3036Indianapolis, IN [email protected] 2014

Dr. Jason Hua4570 W Jonathan Moore PikeColumbus, IN [email protected] 2014

Dr. Ajay Joshi9842 Beaver Creek Ln Apt. 3312 Fishers, IN [email protected] 2006

Dr. Sara Khan7528 Perrier Dr.Indianapolis, IN [email protected] 2014

Dr. Sung Kong11530 Allisonville Rd. Ste. 175 Fishers, IN [email protected] 2005

Dr. Won-Joon Lee4318 W Washington St. Indianapolis, IN [email protected] U 2007

Dr. John Lowe100 E Sigler St PO Box 226 Frankton, IN [email protected] 1996

Dr. Neha Patel2748 E 53rd StIndianapolis, IN [email protected] of Florida 2014

Dr. George Sinnis6998 E 30th St Indianapolis, IN [email protected] 1993

Dr. J. Donald Summerlin II3351 N Meridian St. Ste 105 Indianapolis, IN [email protected] IUSD 1980

Dr. Thankam Thyvalikakath 1121 W Michigan St. DS 314 Indianapolis, IN [email protected] of Pittsburgh 2010

Dr. Juan Yepes705 Riley Hospital Drive RM 4105 Indianapolis, IN [email protected] University 1992

Subs? Associates? Are you thinking of adding an associate? Are you

thinking of retiring? Maybe we can help! Are you in need of someone to substitute for you

when you are out of the office for vacation, or you have had a medical emergency of some kind? Turmoil and tragedy happen to everyone. When you are in need of someone to help you serve your patients, IDDS has a list of associates who are willing to sub, so contact us for more information.

This is a member benefit available to members only, and is another example of your colleagues in organized dentistry helping each other.

Contact us at 317-471-8131 [email protected]


Friday, January 30, 2015Hillcrest Country Club6098 Fall Creek Road

Registration: 8:30-9 a.m.Lecture: 9-11a.m. (2 CE)

Fulfills Ethics Requirements

$10 per Person

CONTINUING EDUCATION SEMINAR

Friday, January 30, 2015A Seminar featuring Jay Dziwlik, MBA, CAE Assistant Executive Director, Indiana Dental Association

Learn new techniques to enhance your leadership skills. Acquaint and update yourself with the latest changes in the Indiana dental law. Understand how you can be ethical and professional as you direct the needs of your patients.

Ethics, Leadership, and the Law

q YES, I will attend the Continuing Education Seminar. Seminar is worth 2 CE credits

Dentist Name: ___________________________________________________________

Dentist Phone:__________________________ Email: ___________________________

Names of Seminar Attendee(s) _______________________________________________

Seminar Cost is $10 per person x ________ (# attending) = $ _______________________

Total amount enclosed for Seminar $__________

_____I am paying by check (enclosed)

_____I am paying by credit card q Visa q MasterCard

Card #___________-____________-___________-___________ Expires______/______

Name as it appears on the card _______________________________________________

Spring Ethics Seminar

Please return your registration prior to Friday, January 23, 2015. No Refunds

IDDS, 8780 Purdue Rd., 46268 317/ 471-8131 Fax 317/[email protected]

HygienistsWelcome

Ethics is required as follows: Effective for the license period ending March 1, 2016, dentists and den-tal hygienists must receive 2 continuing education credits which shall cover each of the following subjects: 1)Ethics 2)Professional responsibil-ity 3)Indiana statutes and Indiana administrative rules governing the licensure and practice of dentists and dental hygienists.

Jay Dziwlik


Friday, January 30, 2015A Seminar featuring Jay Dziwlik, MBA, CAE Assistant Executive Director, Indiana Dental Association

Meet your 2015 IDDS Officers and Board members, and your Delegates and Alternates to the IDA Annual Session June 10-14, 2015. We thank these individuals for volunteering to serve, and you, the mem-

bers, for electing them to represent you in organized dentistry for 2015.

IDDS Officers IDDS Board Members Dr. Heather Maupin, President Dr. Chad Bailey Dr. Jason Flannagan, President-Elect Dr. Tim Dudley Dr. Matt Bojrab, Vice-President Dr. Sarah Herd Dr. Wayne Kinney, Treasurer Dr. Evan Hiple Dr. Will Hine, Immediate Past President Dr. John Jansen Dr. Dave Wolf, IDA Trustee Dr. Edna Kemp Dr. John Loeffler Dr. Amanda Miller Dr. Renee Shiver Dr. John Williams, Dean, IUSD Dr. Bruce Easter, Dateline Editor

2014 IDA House of Delegates19 Delegates(3 year term)

Term Expires 2015 Term Expires 2016 Term Expires 2017 Dr. Jeff Dean Dr. Heather Maupin Dr. Matt BojrabDr. Bruce Easter Dr. Rebecca De LaRosa Dr. Tom BarrickDr. Sarah Herd Dr. Sue Germain Dr. Jason FlannaganDr. Will Hine Dr. Paul Jansen Dr. Edna KempDr. Vanchit John Dr. Wayne Kinney Dr. John Loeffler Dr. Jim Oldham Dr. Bruce Wiland Dr. Kevin WardDr. Steve Towns

19 Alternate Delegates (One year term)

1. Dr. Chad Bailey 10. Dr. John Jansen 2. Dr. Nia Bigby 11. Dr. Chris Kumfer 3. Dr. Megan Byrne 12. Dr. Mandy Miller 4. Dr. Gabrielle Caron 13. Dr. Jessica Nowak 5. Dr. Tim Dudley 14. Dr. Lindsey Pollock 6. Dr. Ralph Everly 15. Dr. Mark Sherer 7. Dr. Kevin Flannagan 16. Dr. Renee Shirer 8. Dr. Don Hanson 17. Dr. Stephanie White 9. Dr. Evan Hiple 18. Dr. Sanabel Younes

IDDS Trustee to the IDA: Dr. David Wolf

(As of 10/31/14)

Indianapolis District Dental Society Election Results


Scenes from Fall IDDS General Membership Meeting


Southside Study Club Dr. Tim BacsaThursday, February 5th. Meet at

Fireside Brewhouse - 997 E. County Line Road, Greenwood, IN 46143. Social hour at 6pm, Dinner at 7pm. The presenta-tion is Ethics in Dentistry. Reservations contact Kristin Ahaus at Veros Dental 317.452.4580 or by email: [email protected]

The Implant Restorative Study Club (IRSC) Dr. Christine Bishop and Dr. Savi Abey

New members welcome! The IRSC provides an opportunity for general dentists and specialists to learn about the restorative aspects of clinical implant therapy in a friendly, informal environment. Each meet-ing includes 2 hours of CE credit and din-ner. Open to all licensed dentists and recent dental graduates. Meetings: Mar.19, May 7, Sept. 2, Nov. 5 at The Monon Center in Carmel from 6-8p.m. Contact us at [email protected] or call (317)574-0866.

Study Club Information

Helping dentists buy & sell practices for over 40 years. WWW.AFTCO.NET

AFTCO is the oldest and largest dental practice transition consulting firm in the United States. AFTCO assists dentists with associateships, purchasing and selling of practices, and retirement plans. We are there to serve you through all stages of your career.

Call 1-800-232-3826 for a free practice appraisal,

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Stephen A. Trager, D.D.S.

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AFTCO is pleased to have represented both parties in this transition.

InDent Spear Study ClubDr. Chris Burns

2nd Tuesday of each month, September through May. Peer led, Spar engineered, the program is a DVD format. Customized small group learning, accommodation for 10 members only. Opportunity to attend a 2.5 day seminar in Scottsdale, ZA with the InDent members (Tuition is included in the Membership Fee). Information, contact: Patti Troutman: [email protected]

InDent Indy Study Club Dr. Chris Burns

3rd Thursday of each month, September through May. National and local speakers. Treatment planning and problem solving. Reasonable member-ship dues. Advisory Board interac-tion. Introduction to newest materials. Information, contact: Patti Troutman: [email protected]

IDDS Foundation Scholar

IUSD 3rd Year, Tim Treat


Pain Management and Sedation in Dentistry Study Club

Invites all IDDS members to discover the secrets of Neuropsychiatry "A FIELD TRIP TO A PAIN CLINIC" Thursday, February 12, 2015 7-9p.m.

Presenter: Dr. Dmitry Arbuck, MD, an expert in pain management and psychiatry; a leading specialist of the multi-specialty pain center; an engaging speaker; and author of a book about self-improvement techniques entitled "Mastermind".

2 CE hours are provided by the IDA

Course description: 1. Tour of the pain center; 2. Modern multidisciplinary approach to management of orofacial pain; 3. Updates on new pain medications, regulations, drug interactions; 4. Opioids use and abuse prevention; 5. Q&A: the most qualified practical answers for your tomorrow patient in pain.

Location: Indiana Polyclinic, 201 Pennsylvania Parkway, Suite 200, Indianapolis, IN 46280

Directions and map: http://www.indianapolyclinic.com/directions

Registration: Course is limited to the first 25 participants. Course fee: $50.

Includes: Lecture, dinner and "Mastermind" book autographed by the author.

Please RSVP by January 12, 2015 to: Berman Endodontics: 317-815-5552 or [email protected] 704 Adams Street, Suite D, Carmel, IN 46032

Our Facebook page link

Pain Management and Sedation in Dentistry

Upcoming Events - Would you be interested in attending an affordable one day medico-dental conference in Indianapolis for dentists and their teams, presented by the top medical specialists on Botox, dermal fillers, oral and IV sedation, TMD, updates on pain management, drug interactions, psychiatry related to dentistry, updates on infectious diseases? Let us know! E-mail us at [email protected] or like us on Facebook at Pain Management and Sedation in Dentistry.

Study Club Sponsors: Dmitry Arbuck, MD, specialist in Pain Management and Psychiatry Svetlana Berman, DDS, MSD, Endodontics, [email protected] Jason Au-Yeung, DDS, MSD, Periodontics, [email protected] Hays, Dentsply Tulsa Dental Specialties, (317)710-0696, [email protected]

This event is a part of, and supported by, the Indiana Dental Associations AIR project.


Dear Colleagues: The Indianapolis District Dental Society cordially invites our members to our Fifth

DENTAL NETWORKING SEMINARSaturday, February 14, 2015

10:00 a.m. to 1:00 p.m.Indiana Convention Center Wabash Ballroom

100 South Capitol Avenue Indianapolis, IN

Great Door PrizesWin a iPad or a iPad Mini, plus other wonderful prizes!

An environment for Indiana dentists and 4th year dental students to meet and exchange information with an emphasis on career and business possibilities.

This seminar is meant to be especially beneficial to all our members: New dentists and current dental students who are looking to join or buy dental practices

in the area IDA & IDDS members looking for part-time or full-time associates, partners, or potential

buyers.

**A dedicated space will be provided specifically for dentists to meet each other and socialize in a friendly atmosphere**

A large exhibit area will be open to advertising by a variety of dental supply, financial, and business management companies. We encourage you to ask questions of these experts so that they may help you

in your practice. Premiere Sponsors (as of this printing) include:

Blue & Co.Commerce National Bank

ExtraDent/ClaimXIDA Insurance ServicesPatterson Dental Supply

PNC BankVeros Dental

Door Prizes. Refreshments. No charge for this Seminar, but registration is required, as no one who is not registered will be allowed to enter the day of the event.

To register, please contact the Indianapolis District Dental Society at 317/471-8131 or email [email protected] by February 2, 2015.

Hosted by the New Dentist Committee of the Indianapolis District Dental Society

Dr. John Jansen and Dr, Mandy Miller, Co-ChairsDr. Sarah Herd Dr. Michele Kirkup Dr. Jessica NowakDr. Anand Patel Dr. Julia Santi Dr. Beau Taylor Dr. Sanabel Younes


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Indianapolis District Dental Society2015 Membership Information Update

Please update the following informationName: ________________________________________________________________________________________________________________ (last, first, mi) D.D.S. D.M.D. M.S. M.S.D. Other _______ (circle appropriate designations)

Practice Name: ________________________________________________________________________________________________________

Office Address: _________________________________________________ City: _______________________________ Zip: _____________

Office Phone: ______________________________________________ Office Fax: _________________________________________________

E-mail: ____________________________________________________ Web Address: _______________________________________________

Second Office: _________________________________________________ City: _______________________________ Zip: ______________

Second Phone: ______________________________________________ Second Fax: ________________________________________________

(confidential information for office use only):

Home Address: _________________________________________________ City: _______________________________ Zip: ______________

Home Phone: ______________________________________________Spouse Name: ____________________

Send mail to: (circle one) First Office Second Office Home

Dental School: _________ ________________________________ Year Graduated: ______

Grad School: ___________________________________________ Year Graduated: ______

Practice limited to: ____________________________________________________________________________________________________

Office Hours: _________________________________________________________________________________________________________

Languages Spoken: _____________________________________________________________________________________________________

Special Services not listed: ___________________________________________________________________________________________________________________RefeRRal infoRmation ____________________________PleaSe indicate with an X which SeRviceS aRe PRovided:

____ Accepts Credit cards ____ Handicapped Access ____ Portable equipment ____ Accepts Medicaid ____ Home visits ____ Self Contained Water Supply ____ Acupuncture ____ Hypnosis ____ Sleep Apnea ____ Air Abrasion ____ Implants ____ TMJ ____ Cavitron/Prophy jet ____ IV Sedation ____ Treats Children ____Cosmetic Dentistry ____ Laser Whitening ____ Treats Handicapped ____Dentures ____ Latex-free office ____ Treats Hearing Impaired ____Electric Anesth ____ Nitrous Oxide ____ Gen. Anesth. in office ____Nursing home visits ____ Halitosis ____ Payment plans

Please select all of these volunteer opportunities of interest to you:

IDDS Board of Directors_____ IDDS New Dentist Committee_____ IDDS Office (mailings, projects, meetings) _______IDDS Peer Review Committee_____ IDDS Membership Committee_____

IDDS Foundation Board_____ IDDS Foundation Golf Tournament______

Please Fax to IDDs at 317/471-8147 or MaIl to: IDDs, 8780 PurDue roaD, suIte 8, InDIanaPolIs, In 46268Email: [email protected]

Please email an updated photo

of yourself to the IDDS.


Please contact www.indianamom.org for more information


advertisement

ARE YOU READY? by ThAD MillER, ddsmatch.comDental Practice sales are predicted to increase in the coming years as Boomers decide to transition their practice and enjoy retirement. Are you prepared for that time?

When a man does not knoW Which harbor he is heading for, no Wind is the right Wind. --SenecaThe starting point for any type of plan is defining its goals. In the case of planning a business exit that means knowing what it means to exit your business in style.

Philosophers, business owners, and successful people from all walks of life understand the critical importance of establishing goals, creating plans to attain those goals, and persevering to see their plans through to completion.

Having worked with dentists to create over 60 successful exits, we know that it is critical that you establish three principal exit objectives first before moving forward with your Exit Plan. This is the first step in The Trusted Transition Process. I titled it the Conceptual Transition Expe-rience We help visualize your future, set achievable goals and devise strategies to start you in the direction of your post-transition dreams, well in advance of your intended transition timeframe.

The three main points in this first step are:

How much cash do you need when you exit to support the lifestyle you desire? (Do you want to be cashed out when you leave the business or are you willing to receive the purchase price over time?)

When do you want to leave the practice? (Or, how much longer are you willing to remain active in the practice?)

To whom do you want to sell / transfer the practice? (To a child? An associate? Co-owner? Or perhaps to an outside practitioner who can pay top dollar?)

lets look at an example of a dentist who arrived at his exit date without a plan to reach his goals.

Dr. Y, the owner of a successful dental practice had long thought of transferring his business to a certain young dentist from his community. He and his family were long time patients, he mentored him on his decision to go to dental school and stayed in touch with him during his education. This was ideal in theory but unfortunately, he had done little to prepare for that transfer. As tougher economic conditions challenged his practice, however, and he reached his 58th birthday, he decided it was time to retire and called me.

My response after thorough discussions with he and his financial team was Doctor its helpful that youve established two of the three Exit Ob-jectives critical to all successful business exits. Youve determined that you dont want to work much longer in the business. And second, you have decided that you want to transfer the business to the young dental student who is graduating soon.

But what about the third Exit Objective: how much money do you want or need when you leave the business? And, have you determined

whether you need cash or can you accept a promissory note?

at this point, dr. Y had two choices:

He could retire immediately and try to market the practice through ddsmatch but unfortunately not to this young dentist from the commu-nity. The young dentist had no dental practice experience and no bank would lend an amount even close to the amount of money necessary to meet Dr. Ys expectations. If Dr. Y wanted to sell today and receive an amount that would support his post-exit lifestyle, he would have to sell to an outside dentist with sufficient cash.

Dr. Y could sell the company to this young dentist from his community, but wait six to ten years to receive (hopefully) the entire purchase price. This can work, but it has to match the Exit Objectives of the seller.

Dr. Ys situation illustrates why setting your objectives or goals, under-standing how each affects the other, creating a plan, and then acting to reach those goals is so critical to a successful exit.

If you prefer to leave your business in style (which to us means leaving your business to the successor you choose, on your timetable and with the amount of cash you desire) you must take time to formulate specific, consistent, attainable goals and objectives. Either option detailed above is an option, but talking about it now is critical to prepare.

You must determine a course of actiona planbased upon those goals, and you must hold to that action till the goal is reached. The key is ac-tion. Without setting goals at the outset of your exit journey, you may drift aimlessly until, like Dr. Y, its too late.

Dont be a dentist who is too busy working in your practice to work on the most important financial event of your business life. We work in tandem with your financial advisors, CPA, attorneys and others to help you get the best out of your transition for you, your staff and your patients. We are happy to help you begin by providing you with more information about setting objectives and other Exit Planning topics through The Trusted Transition Process. It all starts with a complimentary confidential discussion.

The examples provided are hypothetical and for illustrative purposes only and do not represent actual client experiences. If you have any questions or want additional practice transition information, please contact us at 1-855-546-0044.

dental partnership agreements practice sales practice mergers associate placements dental office appraisals buyer representation

Thad [email protected] Free: 1-855-546-0044


IDDS MEMBERS CELEBRATE TEN YEARS

Drs. Braden Willman, Erin Phillips, Daniel Gomes, Mychel Vail, K.C. Schneider, Amanda Bourff, Jason Flannagan, Danielle Davidson, Jay Bowling, and David Burns.


IDDS & IDA Present:OSHA Compliance Training &

CPR Recertification CourseJanuary 23, March 13, July 17, and October 16,2015

at Hillcrest Country Club, 6098 Fall Creek Road

OSHA Compliance Issues 2 CE CreditsCheck-in 8:30-9a.m. Course from 9-11a.m.

Instructor: Kay Maddox, R.N.This OSHA review focuses on record keeping requirements,

training, exposure control, hazard communication, emergency action, and general duty safety. Fee: $75

CPR Recertification 5 CE Credits (Note: Indiana law limits hygienists to 2 CE credits for CPR

training and 5 CE for dentists.)Check-in 11:15a.m. Course from 11:30-2p.m. approx.

Instructor: Kay Maddox, R.N. This course, designed by the American Heart Association for health

care workers, includes two-person rescue adult CPR, child and infant CPR, foreign body airway obstruction removal instruction and Automated External Defibrillation instruction. Written and

practical tests will be administered. Fee: $75

To Register Contact www.INDental.org/oc 317/634-2610 or [email protected]

2006 The National Bank of Indianapolis www.nbofi.com Member FDIC Equal Opportunity Lender

TheArt of personal service

261-9000

2758 Service_BW_3.5x4.125 9/18/06 9:37 AM Page 1

Customized solutions for your practice

At Blue & Co., LLC, we are focused on the needs of dentists. Whether you are looking to maximize profitability, expand or sell, streamline operations, or prepare for your future, our team of dental experts can help. Our experience will allow us to provide you with a plan to attain your goals.

We've helped hundreds of dental practices throughout Kentucky, Indiana and Ohio improve their operations to make them more profitable, valuable and competitive. Let us work with you to realize your practices potential. Call us today.

For more information contact:

Connie Corbin 317.713.7918 [email protected]

Kam McQuay, CPA/ABV, CVA 317.713.7933 [email protected]

Angela Zirkelbach, [email protected]


Member News

In Memoriam: IDDS sends its condolences

to the family of:

Congratulations to: Dr. Stacey Scheff-Rochman, a mem-

ber of the IDDS Membership Committee, who married Brad Rochman on August 31 in Buffalo, New York. They honeymooned in Hawaii. The couple are in the process of selecting a new home. Best wishes to both of them in their new life together.

Dr. John McLaughlin, Jr., who passed away on August 29, 2014 at the age of 84. Dr. McLaughlin was a 52 year member of IDDS.

Dr. Karen Cottingham, and her husband Gene (center) have a band called Sympathy for the Fingers. (Shes the sing-er!). They performed at parties and asked every guest to bring gift cards to be donated to Sheltering Wings, a shelter for domestic abuse. Dr. Cottingham says they have a lot of fun doing this, and ask their audience to support local charities instead of paying the band. Thanks, Dr. Cottingham, what a happy tune that must be to sing!!

Dr. Gabrielle Caron, and her husband, Jeremy, welcome baby Giselle Michaela Caron on August 4 at 8lbs 2oz. Dr. Caron still finds time to be Co-Chair of the IDDS Membership Committee. Best wishes to the Carons on their new life as parents!

Drs. Karen Ellis, Heather Maupin and Renee Shirer inducted as Fellows into the International College of Dentistry at the ADA meeting in San Antonio.


www.superiordental.com | Toll-Free: (800) 762-3159Facebook | LinkedIn | Twitter | Pinterest

Superior Dental Care (SDC) is the fastest-growing provider of dental benefits to employers across the state of Indiana.

Join your participating peers in our network to reach thousands of new patients in your area as well as your

existing patients who are already covered by SDC!

Contact us today at [email protected] to request your application packet!

LEADING PATIENTS TO SUPERIOR DENTISTS

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PRESORTEDSTANDARD

US POSTAGE PAIDPERMIT #337

TERRE HAUTE IN

1878

1878


OSHA/CPR

EthicsSeminar

Continuing Education:Dental Assistant WorkshopsIUSD Student Study ClubNew Dentist Seminars

Nonprofit OrgUS Postage

PAIDIndianapolis IN

Permit 1324

IDDS Upcoming EventsJanuary 2015January 1 Holiday, Office Closed

January 9 Dateline Deadline for Spring Edition

January 14 Retiree Breakfast

January 15 Leadership Welcoming Reception at Skyline Club

January 21 Peer Review Committee Mtg.

January 22 4th Year Student Transitions Workshop

January 23OSHA-CPR at Hillcrest CC

January 26 Officers Meeting, 6:30p.m.

January 30Ethics at HCC 9a.m.

January 30 M.O.M. Steering Committee Mtg., 2p.m., Lions Bldg.

February 2015February 3 Foundation Board Mtg., 6:30p.m.

February 4 IDA Dental Day at the Capitol

February 6 Give Kids a Smile Day

February 9 IDDS Board Meeting 6:30p.m.

February 10 New Dentists Comm. Mtg., 6:30p.m.

February 11 Retiree Breakfast

February 13 M.O.M. Steering Committee Mtg., 2p.m., Lions Bldg.

February 14 Dental Networking Seminar, Convention Center

February 18 Peer Review Committee Mtg.

February 19 Women Dentists Seminar, Meridian Hills CC

February 27 M.O.M. Steering Committee Mtg., 2p.m., Lions Bldg.

March 2015March 6 IDA Peer Review Workshop

March 11 Retiree Breakfast

March 11 Spring GMM at The Garrison Conference Center

March 13 OSHA-CPR at Hillcrest CC

March 13 M.O.M. Steering Committee Mtg., 2p.m., Lions Bldg.

March 18 Peer Review Committee Mtg.

March 27 M.O.M. Steering Committee Mtg., 2p.m., Lions Bldg.

April 2015April 6 Officers Mtg., 6:30p.m.

April 8 Retiree Breakfast

April 13 IDDS Board Meeting 6:30p.m.

Dateline Winter2014

Documents

Transcript of Dateline Winter2014