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Practice Management 2020 - 01-INTRODUCTION & PREPARATION
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Practice Management 2020 - 01-INTRODUCTION & PREPARATION
1.
2.
YASSER ALI AL
MORTADA AL WASIFI BDS, MSC, DDS, PHD C O P Y R I G H T © 2 0 1 9 , A L W A S I F I , Y . A . A L L R I G H T S R E S E R V E D SECTION I: INTRODUCTION & PREPARATION D E N T A L P R A C T I C E M A N A G E M E N T
3.
D ENTAL P
RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . E X P E C T E D O U T C O M E S By the end of this presentation, you are expected to be: 1. Motivated to change your attitude to be more result oriented with long-term view 2. Able to compare the different dentistry career options 3. Able to Define and recognize the importance of practice management in dentistry 4. Passionate to practice dentistry successfully 3
4.
D ENTAL P
RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . C O N T E N T S Expected Time: 60 MinINTRODUCTION & PREPARATION I. INTRODUCTION 5 II. DENTISTRY CAREER OPTIONS 32 III. WHAT IS PRACTICE MANAGEMENT ? 36 IV. LEARN TO BE A MANAGER 42 4
5.
D ENTAL P
RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . I. INTRODUCTION 5
6.
D ENTAL P
RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . I. INTRODUCTION 6 • One of the major life constants is
7.
D ENTAL P
RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . I. INTRODUCTION 7 • Each day is a different set of circumstances and a different experience for each of us • However, our daily routine, from the time we wake up until the time we lay down, creates a cycle that leads us to comfort and routine habits • Such comfort creates neglect and negligence in our character that makes us forget that life is constantly changing • Then when we realize that change has occurred, we stress out, react, procrastinate, complain....
8.
D ENTAL P
RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . I. INTRODUCTION 8 • Even if it’s hard to admit it, in school, at home, and in the community we live, we were taught to believe in following the rules and a set of standards, and that being curious and creating change is not a standard operating procedure (SOP) that being obedient, doing what we are told and what is “right”, is the key to success and happiness in life
9.
D ENTAL P
RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . I. INTRODUCTION 9 • The attitude of resistance to change is a limiting belief that will create a slow death spiral to your practices • That’s why it is hard for most of us to handle and accept change • Our coping mechanism is to postpone making a decision or “paralysis through analysis” • Our hope is that if we don't move or make a decision, things will go back to the way they were, or the problem or challenge will blow over
10.
D ENTAL P
RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . I. INTRODUCTION 10 • Upon experiencing change, our initial reaction is to resist it because we are afraid to lose the comfort and normalcy of what we currently have, or we have a fear of the unknown
11.
D ENTAL P
RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . 11
12.
D ENTAL P
RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . 12
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . I. INTRODUCTION 13 • Patrick Spencer Johnson (November 24, 1938 – July 3, 2017) was an American physician and author, known for the Value Tales series of children's books • On September 8, 1998, he published a motivational business fable • The text describes change in one's work and life, and four typical reactions to those changes by four characters
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . I. INTRODUCTION 14 • There were four characters: two mice named “Sniff” and “Scurry” and two little people named “Hem” and “Haw”
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . I. INTRODUCTION 15 sniff Who sniffs out and change early scurry Who scurries to action hem Who denies to change as he fears it will lead to something worse haw Who learns to adapt in time when he sees changing can lead to something better
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . I. INTRODUCTION 16 • The four characters live in a MAZE (which represents your practices in your town), and their activity is to look for CHEESE (which represents your practices profitability, new patients, systems, and staff)
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . I. INTRODUCTION 17 • Each morning, Sniff, Scurry, Hem and Haw wear their most comfortable shoes to run and search the maze to find cheese (There was a time when all of us did whatever it takes to succeed) • They searched each day until they found Cheese Station “C” • The four were so happy and glad to have found Station “C” which is filled with cheese • Hem and Haw, human as they were, became comfortable having found Station “C” and thought that the Cheese in Station “C” was more than enough to sustain their needs in a lifetime (Big mistake. Things change)
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . I. INTRODUCTION 18 • Hem & Haw eventually moved their homes to be closer to it & built a social life around it • To make themselves feel more at home, Hem & Haw decorated the walls with sayings, one read: Having cheese makes you happy • Hem and Haw lazily get up every morning and walk to station “C” without their running shoes on (They start to stop doing what it takes to succeed)
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . I. INTRODUCTION 19 • On the other hand, the two mice “Sniff” and “Scurry” still eagerly run to Station “C” to search and find their cheese • Then one morning, as Hem and Haw lazily walk shoeless to station “C”, they arrive and find it empty and become furious and angry • Unprepared, the humans have counted on the cheese supply to be constant • They rant at the unfairness of the situation and were angry at those who stole their cheese (This is the point of entitlement in most dentists)
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . I. INTRODUCTION 20 • They wanted justice and wanted the cheese to come back, but they went home hungry (But not hungry enough to change) • On the other hand, when Sniff and Scurry found that Station C was empty, they were not surprised as they noticed the cheese supply was decreasing • They had mentally prepared beforehand for the tough but foreseeable task of finding new cheese • They easily accepted it and moved on to search for new cheese
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . I. INTRODUCTION 21 • The next day, Hem and Haw still walk to Station C hoping to find their cheese • They were still hoping that things were the same as in the past • The cheese was still gone and was not coming back • Haw, beginning to realize that the cheese-less situation was not going away, proposed to search for new cheese • But Hem was dead set in his closed mindset and rejected the proposal • Meanwhile, Sniff and Scurry have found “Cheese Station N”, a new supply of cheese
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . I. INTRODUCTION 22 • Hem and Haw still have no cheese and blame everything but their aversion to change • Wanting to change, Haw once again suggested searching for new cheese, but Hem rejected it again • He didn’t want to change, he was already comfortable with his old cheese and he was afraid of the unknown, the new cheese • He just wants the old cheese to come back, and he’ll be happy again • After many days in denial, Hem and Haw remained without cheese • One day, having discovered his weakening fears, Haw began to laugh at the situation and stopped taking himself so seriously • Haw realized that he should simply move on and enter the maze to find a new cheese
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . I. INTRODUCTION 23 • While walking down the maze in search of new cheese, Haw took time to write on the walls the experiences and lessons he learned in his search for change and the new cheese • Haw did this to create a guide for his friend, just in case he finally agrees to move on and find new cheese • First, he wrote, “If You Do Not Change, You Can Become Extinct” • Still fearful of his new quest, Haw wrote, “What Would You Do If You Weren’t Afraid?” • In his journey he realized and wrote down “When You Move Beyond Your Fear, You Feel Free” • Then one day, Haw finally found “Cheese Station N” and realized it was better and tastier than “Cheese Station C”
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . I. INTRODUCTION 25 • Wanting to remember everything he had learned; he wrote on the largest wall in “Cheese Station N” the following Six (6) important lessons on change: 1. Change Happens: They keep moving the cheese 2. Anticipate Change: Get ready for the cheese to move 3. Monitor Change: Smell the cheese often so you know when it is getting old 4. Adapt To Change Quickly: The quicker you let go of old cheese, the sooner you can enjoy new cheese 5. Change: Move with the cheese 6. Enjoy Change: Savor the adventure and enjoy the taste of new cheese
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . I. INTRODUCTION 26 Which character are you?
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . I. INTRODUCTION 27 The SNIFFS who anticipate change early by sniffing it out in the marketplace, and corporate vision The SCURRIES who quickly scurry into action and adapts He liked to get things done, so they acted based on the new corporate vision The HEMS who deny change and resist it out of fear He wanted to work in a place that was safe and where the changes made sense to them, turning them into HAWS The HAWS who learn to adapt in time when they see something better They were hesitant at first, but were open- minded enough to learn something new and adapted
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . I. INTRODUCTION 28 STABILIZER - Focus on HOW - Allow Analysis PRODUCER - Focus on WHAT - Allow autonomy UNIFIER - Focus on WHO - Allow processing INNOVATOR - Focus on WHY NOT - Allow excitement PACE ORIENTATION RESPONSE VIEW StructuredUnstructured Process Oriented Result Oriented Slower Pace Faster Pace ShortViewLongView
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . I. INTRODUCTION 29 Which character are you? • Even if we don’t admit it, we act like Hem • When change happens in our lives, we get angry, we blame others, and we lose hope and resist change
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . I. INTRODUCTION 30 Are you a thermometer or a thermostat? • 95% of dentists I speak with are thermometers because they only measure change • They seldom anticipate or create the environment that would let them be successful • The minority are thermostats because they are constantly adjusting what they do • They control their circumstances and climate they compete in
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . 31
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . 32
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . II. D E N T I S T R Y CAREER OPTIONS 33
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . II. DENTISTRY CAREER OPTIONS 34 • Dentistry offers stimulating career options • In addition to private practice, excellent opportunities exist in teaching and research, careers with government agencies or in industry 1. Private Practice: • Many dentists work either in solo private practice or in partnerships with other dentists • The majority of private practice dentists own their practices 2. Academic Dentistry: • An academic dentistry career combines teaching, research, community service and patient care • Faculty members work in an intellectually stimulating and exciting academic environment • Career opportunities for academic dentists are still excellent at this time https://www.ada.org/en/education-careers/careers-in-dentistry/be-a-dentist/dentistry-career-options
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . II. DENTISTRY CAREER OPTIONS 35 3. Public Health Dentistry: • This career focuses on community settings rather than private practice • Promoting dental health, developing health policy and preventing disease are the major roles of a public health dentist • Numerous opportunities exist in research and teaching within public health dentistry 4. Research: • Research careers offer opportunities to generate new knowledge and be on the cutting edge of scientific discoveries that ultimately impact patient care • Some of the latest research improving patient care includes lasers in surgery, implants to replace damaged bone and computerized X- rays • Many researchers are faculty at universities while others work in federal facilities • A career in research requires an advanced degree or additional training beyond the dental degree https://www.ada.org/en/education-careers/careers-in-dentistry/be-a-dentist/dentistry-career-options
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . II. DENTISTRY CAREER OPTIONS 36 5. International Health Care: • Dentists provide services to populations abroad and work for such agencies as the World Health Organization (WHO), the United Nations Educational, Scientific and Cultural Organization (UNESCO), and the Food and Agricultural Organization of the United Nations (FAO) • Many dentists volunteer to bring dentistry to aid people in third world countries 6. Hospital dentistry: • Hospital dentists treat patients with medical conditions and disabilities alongside physician colleagues, often in operating rooms and emergency departments • Hospital dentists usually have a strong interest in medicine and collaborative care and have spent a year or more training in a hospital- based setting after dental school https://www.ada.org/en/education-careers/careers-in-dentistry/be-a-dentist/dentistry-career-options
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . III. W H A T I S P R A C T I C E M A N A G E M E N T ? 37
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . III. WHAT IS PRACTICE MANAGEMENT ? 38 • Management is simply the action of managing • It is a noun, but the verb ‘manage’ (and its derivatives ‘manages’, ‘managing’ and ‘managed’) means: - To be in charge of people or an organization - To succeed in doing something - Able to cope despite difficulties - To control the use of money and other resources • The best working definition of management is: ‘Getting things done through other people’
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . III. WHAT IS PRACTICE MANAGEMENT ? 39 • You can see that as the owner and/or manager of a dental practice you will need to be able to do all the previously mentioned: - Be a great leader - Be successful despite the occasional (or perhaps frequent) difficulties - Be an accomplished controller • However, perhaps most importantly, if you want people to do what you want them to do and do it well, you are going to have to be an excellent communicator • However, management is not just about telling people what to do and/or how to do it: that might work in the short term, but if you are going to build a long-term business you also need to build a long-term team
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . 40 • At the heart of every excellently managed business is excellent communication • The foundation of a successful practice is a great team T A K E A N O T E
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . III. WHAT IS PRACTICE MANAGEMENT ? 41 • Management is not a black art, but like all disciplines it has its own language • Once you understand the language then the fundamentals of management are very simple • There are basically four simple stages or steps in any management process. 1. Planning: first, you decide on a particular course of action to achieve a desired result 2. Organizing: next, you gather together all of the resources that will be needed to achieve the result 3. Implementing: you then get other people to work together smoothly and to the best of their ability as part of a team to do the work 4. Controlling: finally, you monitor, review or measure the progress of the work in relation to the plan and take steps to correct things if they are off course
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . III. WHAT IS PRACTICE MANAGEMENT ? 42 • This is no different to the process you go through tens of times a day when you treat your patients • Planning is perhaps the most important stage, because if your planning is not right, everything else that follows will also not be right
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . IV. LEARN TO BE A M A N A G E R 43
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . IV. LEARN TO BE A MANAGER 44 • Perhaps just as important as acquiring your practice is knowing what to do with it once you have ownership • Your practice is not going to manage itself, nor are the staff going to recruit and train themselves • You should therefore have the necessary management and leadership skills before you became a practice owner, not after • How many young (and some may be not-so- young) dentists become practice owners having had little, if any, management experience? • You wouldn’t dream of practicing dentistry without having first been fully trained, so why become a manager without first gaining the necessary knowledge and experience?
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . 45
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . IV. LEARN TO BE A MANAGER 46 • What do you need to know about? In a very broad sense, you’ll need to know about: 1. The practice of management 2. Dental practice management 3. How to manage people 4. How to manage all kinds of resources 5. How to manage money • Many people fail to manage (or manage to fail!) because whenever they are trying to accomplish anything, they go straight to the implementation stage, leaving out planning and organization • Managing a dental practice is really no different to managing any other professional business • You need to think of practice management as being made up of two essential and inevitably linked processes: 1. Management of the patients 2. Management of the business
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . IV. LEARN TO BE A MANAGER 47 • By the time you are considering setting up on your own you should have mastered how to manage patients, whether it be a single-visit, simple course of treatment, or a complex, multi-visit course of treatment • Management of the business involves knowing how to manage: 1. Employees, which includes associates, hygienists and therapists, treatment coordinators (TCO), receptionists, and the people doing your lab work, the dental technicians; don’t forget that you might have to also manage a manager 2. Resources of all kinds, and knowing how to maximize their use 3. Finances, and working within your budget
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . IV. LEARN TO BE A MANAGER 48 • Some of the commonest mistakes people will make when they set up a new practice: - Failing to thoroughly research the market before hand - Not having a high-quality business plan, which contains marketing and financial plans - Not listening to professional advisers - Setting their sights too high in terms of location, size of premises, or quality and quantity of fixtures and fittings - Over-investing in fixed assets and not keeping cash back to cover running costs and to ease your cash flow - Failing to employ the right people - Not learning how to be a manager before hand
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . 49 • Failure to research and plan does not necessarily mean your practice will fail; it might, however, mean that it takes longer to be a success T A K E A N O T E
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . 50 Your questions are welcomed
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RACTI CE M ANAGEMENT, S ECTI ON – I : I N T R O D U C T I O N & P R E P A R A T I O N - C OPYRI GHT © 2 0 1 9 , A L W ASIFI , Y . A . Yasser Al Wasifi @YWasifi https://sa.linkedin.com/in/ yasseralwasifi yasseramw@yahoo.com yasseramw67@gmail.com https://www.slideshare.net /yasseramw Yasser Al Wasifi 51