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August’s BIG Idea

Transitions conference to focus on practice transition options, strategies

March 21, 2019

By David Burger

Dr. Van Scoyoc
Dr. Van Scoyoc

What’s the BIG Idea?

The 2019 ADA BIG Idea conference aims its lens on solutions for the challenges facing dentists looking for guidance on various dental practice transition options and strategies for taking the next step.

The one-day Transitions conference, hosted by the Practice Institute, will be held at ADA Headquarters in Chicago on Aug. 9 and is billed as a way dentists can learn about their transition options to best meet their needs professionally, financially and personally. Key topics for the conference include helping dentists identify the right time to start thinking about expansion and moving on or adding an associate, as well as identifying and analyzing the factors that drive the value of a dental practice.

"No matter where you are in your career, this conference can help you assess all of the elements you should consider before a major practice transition," said Dr. Nima Aflatooni, chair of the ADA Council on Dental Practice’s practice management subcommittee.

Six hours of continuing education credit are offered.

Speakers include:

  • Kirk Dewart on Plan Your Exit Strategy, in which he will teach dentists the right time to formulate a plan; what dentists should look for in an associate or buyer; how dentists can help the buyers prepare; and the establishment of realistic expectations in preserving the dentist’s legacy after he or she is gone.
  • William P. Prescott on You’ll Need a Lawyer, in which he will teach attendees the structure, ownership, practice valuation, agreements and legal compliance of dental transitions.
  • Dr. Roger P. Levin on 15 Ways to Increase Practice Value ASAP. He plans on teaching dentists how to increase the value of their dental practices through essential data that can be measured and reviewed, so that performance, operations and profitability can be improved.
  • Allen Schiff on Considering A Sale Of Your Dental Practice? How To Make It Tax Efficient. In this presentation, attendees will learn how to structure the asset allocation to minimize taxes and maximize value when selling a dental practice.

"The council is committed to the ADA's goal to present meaningful CE on topics of interest to member dentists, and we encourage dentists to attend those events that have relevance to their practices," said Dr. Stacey K. Van Scoyoc, chair of the ADA Council on Dental Practice.

For more information on the conference, visit ADA.org/transitions.