How Dentistry’s Hot Topics Impact Your Future Dr. William Calnon, 2011-12 president, American Dental Association @ASDAnet #ASDAnet ...Professional issues that will impact YOUR future “The temptation to form premature theories upon insufficient data is the bane of our profession” -Sherlock Holmes SYR ND A Profession in Transition Key Forces Reshaping the Dental Profession The Health Policy Resource Center (HPRC) Courtesy of Dr. Marko Vujicic So, lets summarize….. Utilization of dental care among adults has declined Trend began before the recent economic downturn Dental benefits coverage for adults has steadily eroded in the past decade True especially among young adults and the poor Total dental spending slowed considerably in the early 2000’s and has been flat since 2008 Public financing accounts for an increasing share Expected to remain flat “New normal” Average net income of dentists declined since the mid 2000’s Held steady since 2009 2 of 5 dentists say “I could see more patients” Trend began before recent economic downturn Trend towards larger, consolidated multi-site practices will continue Affordable Care Act (ACA) will expand dental benefits for children but not adults On the care delivery side, there will be pressure to increase value and reduce cost from all payors…government, employers and individuals. Driven by a shift toward value based payments both within the public and private sectors Commercial plans will increasingly use more selective networks and demand increasing accountability and performance measures New wave of health care consumerism among the population Pressure to decrease costs will drive innovation Critical Moment for Dentistry A time for our profession to define its destiny Not a time for complacency Understanding the forces at work will assist in defining our destiny Ignoring what is happening is not an option So…what does this all mean? YOU MUST BE DIFFERENT GOAL 1 of the 2011-2014 ADA Strategic Plan To provide support to dentists so they may succeed and excel throughout their careers. Success.ada.org Associateship interview questions Tips for buying a practice Practice alternatives evaluation Contract analysis Dental Benefits Facilities planning/management Practice systems & procedures Attracting & retaining patients Continuing Education ADA CE online In person ADA Kellogg Executive Management Program University of Florida College of Dentistry Executive Practice Management Certificate From my experience Highest quality of care Fair fees Exceptional patient education Community involvement Active professional involvement Top notch customer service Internal referral base “If you love what you do….. you’ll never work a day in your life”