The American Dental Association Business Innovation Group, or ADABIG, announced Oct. 5 that it named Tim Steffl as its new president and chief executive officer.
In this position, Mr. Steffl, who previously served as vice president of strategic development and finance of Delta Plans Association, is responsible for establishing short and long-term profitability and measurable growth of ADABIG to meet strategic and financial goals.
Mr. Steffl will also create a strategy for increasing and scaling ADA Practice Transitions, a service backed by the ADA focused on helping dentists make the process of joining or leaving a practice predictable and successful.
“I’m thrilled to be taking on this role with ADABIG and looking forward to contributing to the organization’s continued success,” said Mr. Steffl. “I am excited about the value that our product, ADA Practice Transitions (ADAPT), brings to dentists across the country. ADAPT launched nationwide in December of 2020 and the response has been tremendous. The future is very bright for ADA Practice Transitions and ADABIG.”
In addition to Delta Dental Plans Association, Mr. Steffl previously served as president of Pivot Health Advisors, where he helped develop product and commercialization strategy for one of the nation’s largest hospital systems. He also worked at the American Hospital for 16 years as chief operating and development officer and as vice president for AHA Solutions/Health Forum. He also serves as a mentor at MATTER, where he provides business expertise to start-up organizations in the health care space. He holds a Bachelor of Science degree in business administration with a specialization in fiancé from The Ohio State University.
“We are so happy to welcome Tim into this position and to the ADA,” said Kirk Norbo, D.M.D., ADABIG board chair. “His extensive background in the health care industry, as well as business experience and expertise is perfectly aligned with the future direction of ADABIG. We’re excited to have him on board and anticipate a smooth transition as he becomes our new president and CEO.”
Mr. Steffl comes amid continued success for ADABIG and ADAPT, which recently reported it had exceeded its first and second quarter financial goals. ADAPT expanded the service nationally in December 2020 and to date, over 5,500 dentists from all 50 states have created an ADA Practice Transitions profile. In addition, 62 dentists have gone through transitions with ADAPT — from buying and selling dental practices to hiring associates and finding associateships.
Most recently, ADA Practice Transitions was named a top 100 finalist for the 20th annual Chicago Innovation Awards, which recognize all companies and nonprofits that demonstrate the breadth of innovation in the Chicago region.
ADA Practice Transitions matches dentists who are looking to join a practice with owners who are seeking an associate or someone to purchase their practice. The service offers dentists the tools, information and support that is vital to the dental practice transitions process while facilitating matches based on a shared practice approach.
To learn more about ADA Practice Transitions, visit ADAPracticeTransitions.com.