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Mind Your Business

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What are leasehold improvements, what is their value, and why do they matter?

Timothy Brown speaks with Dr. Suham Alexander about leasehold improvements, their importance and more importantly, their hidden value. Highlights Leasehold improvements include both visible and invisible items such as flooring upgrades, paint, light fixtures to extra outlets, additional wiring for technology including computers and telephones. Traditionally, leasehold improvements were not counted in the value of the practice as landlords typically “owned” these improvements. However, in the 1970’s and 1980’s, ROI Management’s founder, Ray Brown, advocated for the inclusion of leasehold improvements in the appraisal value of a practice and succeeded. In general, leasehold improvements can range from $200-$250 per square ...

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Dental Unit Water Lines Maintenance

Water and evacuation lines are important components in a dental unit. As such, it is essential that they be properly maintained to provide safe and quality dental care for patients. Mike Bromberg, Equipment Service Technician at Henry Schein, explains the basics about the maintenance of water and evacuation lines in this short video. Key Messages Most dental units are manufactured with separate water bottle systems these days Having a separate water bottle which feeds into the dental unit allows practitioners to control the water supply and the temperature of the water being used A specific water tablet is added to ...

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Email: Risks & Strategies

Anne Genge, CEO and Co-founder of Healthcare Compliance Network Inc., returns to Oasis Discussions to speak with Dr. Suham Alexander about email security. While email is fast, easy and convenient to use, it can expose the practice to various threats including ransomware, malware, spyware and can be easily hacked without appropriate preventive measures. Threats can often be mitigated through the use of emails associated with a specific domain name, such as drsmith@ABCdental.com rather than “free-mail” accounts with hotmail, gmail or yahoo. Similarly, robust business grade anti-virus protection is a must to protect the practice from incoming threats, usually from email. In ...

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Change for the Better: Using 6x Magnification Loupes

Dr. Mark Venditti from Kingston, ON spoke to Dr. John O’Keefe about the change he recently made in his magnification loupes. He increased his magnification ability from 2x to 6x and now uses a headlamp as well. Since making the change, he is able to see surface textures of the teeth and restorations more clearly and has helped in endodontic treatment too as accessory canals are easier and faster to find. This, ultimately, results in better patient treatment and care. There is an adaptation period to the increased magnification relating to posture but this benefits the practitioner long-term. Overall, the ...

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CDA Oasis Webinar: Encryption in the Dental Office: What you need to know

On September 23rd, Anne Genge and Dr. John O’Keefe hosted a live webinar on encryption in the dental office.  Download the PPT used in the webinar (PDF) Highlights Anne Genge returns to Oasis Discussions in this webinar to speak to dental practitioners and team members about encryption. Encryption is the gold or legal standard for securing data wherever it “lives” and during data transmission. Dental offices are vulnerable to attacks and, at times, a lot of personal information is stored in the electronic health record sometimes even credit card information. Encryption takes readable data, scrambles it and unlocks the data ...

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Defining and Coping with Stress in the Dental Office

Illona McLay, high-team performance and dental business coach, spoke with Dr. Chiraz Guessaier about stress management in the dental office.  To contact Illona, please click here Link to Dr. Steve Peter’ book: The Chimp Paradox: The Mind Management Program to Help You Achieve Success, Confidence, and Happiness Highlights Dr. Illona McLay speaks to Dr. Chiraz Guessaier about her presentation at the Scottish Dental Conference titled, “Control Your Chimp, Check, Challenge, Change Your Behaviour to Reduce the Stress in Your Life”. Dental practitioners universally feel stressed about running their dental businesses. As an example, in Britain, dentists balance running their private practice ...

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Dental Practice Ownership Options

David Chong Yen from DCY Professional Corporation Chartered Accountants, spoke with Dr. Suham Alexander about the different ownership options of dental practices. Highlights The dental industry has changed significantly over the past decade. The low interest rate environment has significantly impacted the dental landscape because this has facilitated “easy money” to purchase practices. Many dentists are realizing that their best investment is in their own profession, namely the dental profession because they know this business better than any other. Overall, the dental industry is recession-resistant. The primary ownership types are: Traditional “hands on” dentists. These are individuals or partners who own a ...

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Protecting Yourself against Ransomware

In this webinar, Anne Genge, CEO and Co-Founder of Healthcare Compliance Network, Inc. comes back to update us on the ever present threat of Ransomware. Highlights It’s currently the number one virus of virus crippling healthcare. (March 2016) Ransomware prevents you from using your PC. It holds your PC or files for ransom. It can also steal your data (crysis variant est. Feb 2016), meaning it can cause a breach         Additional Resources  Ransomware Prevention and Preparation for Dental Offices US Federal Bureau of Investigation: Ransomware Ransomware: What to do if your data is held hostage and how ...

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