Dental Hypotheses

EDITORIAL
Year
: 2012  |  Volume : 3  |  Issue : 3  |  Page : 87--89

Etiquette in making the transition into private practice


David G Dunning 
 Department of Oral Biology, University of Nebraska Medical Center, College of Dentistry, Lincoln, USA

Correspondence Address:
David G Dunning
Department of Oral Biology, University of Nebraska Medical Center, College of Dentistry, 40th and Holdrege Streets, Lincoln, Nebraska
USA




How to cite this article:
Dunning DG. Etiquette in making the transition into private practice.Dent Hypotheses 2012;3:87-89


How to cite this URL:
Dunning DG. Etiquette in making the transition into private practice. Dent Hypotheses [serial online] 2012 [cited 2021 Oct 16 ];3:87-89
Available from: http://www.dentalhypotheses.com/text.asp?2012/3/3/87/103908


Full Text

This editorial provides some practical tips for students and others about what to do and not to do as they engage in the process to locate an associateship position in a dental practice or the process of purchasing a practice. Admittedly, there are many VERY important numbers necessary to obtain as part of due diligence, most of which have recommended parameters-number of patients of record, salary considerations, specific practice financial data, and so on. This essay, however, focuses instead on practical "do's" and "don'ts" of more of a social, interpersonal nature.

Students and others making the transition into private practice as dentists often have some sense of ambiguity and angst about how to approach this process. Beyond detailed due diligence targeted at a variety of specifics about associateships, practice valuation, practice purchase and financing a practice, there is the interpersonal side of the equation. This largely social dimension essentially relates to etiquette, a French word meaning "prescribed behavior"-originally thought to refer to "cards printed with instructions for how to behave at court . . . and/or from behavior instructions written on a soldier's billet for lodgings. [1]

Over the years and after some very pleasant and somewhat cantankerous experiences in helping students transition into private practice, I developed some recommended points of etiquette. The list of "Dos" and "Don'ts" listed in [Table 1] is intended as prescribed behavior to enliven, at least in part, general ethical principles advanced by the American Dental Association: patient autonomy, non-maleficence (do no harm), beneficence (act to the benefit of others), justice and veracity. [2] Please note that this list of "Dos" and "Don'ts" is not exhaustive-that is, no doubt there are many other pointers left unstated. I have, however, found this list to be helpful. Additional comments are warranted on several of the key "Dos" and "Don'ts".{Table 1}

 The 'Do' List



At the top of the "Do" list is to focus on the compatibility of "soft" issues-personalities and practice philosophies which research and common sense inform us can create conflicts and possibly side-line working relationships. [3] Students may be tempted to "get into the numbers" before addressing what is arguably the most important question, "Can we get along?" Breaches of confidentiality discovered by the practice owner will certainly sour what might have otherwise been an enduring working relationship.

One of the most difficult etiquette questions centers around how much detail to get into at what point, especially relating to practice performance indicators (number of patients, annual revenue, overhead percentages, and so forth). There is no firm answer for this quandary, but certainly early in discussions is too early, generally speaking. The best solution: pursue depth as the relationship develops and discussions continue.

People don't like to be "played" against each other, and so pursuing one meaningful, actual employment or purchase situation at a time is usually the best approach.

Students and others entering private practice would be well served by determining ahead of time what their "non-negotiable" may be-for example, a minimum salary to meet their financial needs. Some items in an employment situation may be negotiable-moving expenses being a case in point.

I have witnessed numerous practice transitions get off track because of the influence of family members, especially those who are unfamiliar with the particulars of dental employment arrangements and practice valuations and purchase processes. So, it may be good to have spouses and, if involved, parents read reputable materials on the business aspects of dental practice. A few of these are listed in the references. [4],[5],[6],[7],[8],[9]

If the person or practice with whom a student is negotiating fails to provide promised information in a timely manner, this delay often portends ongoing problems in future negotiations. So, if a time-sensitive and promised contract is two months late even after repeated requests for the contract, additional issues often arise that may preclude an agreement ever being signed. If delays typify ongoing discussions, students may want to consider other opportunities.

Students should clearly communicate their intentions and plans with the business owner, both for the next year or two and the next five years. If a student is looking only for a "job" rather than a long-term career, it is imperative that the business owner understand the plans. On the other hand, assuming positive process, if the student hopes to eventually buy-into or buy the practice, then that should also be discussed.

 The 'Don't' List



What about the "don'ts"? Some of these are, of course, the opposite of the "dos". Gossip should be avoided as should be sharing practice-specific information with others. Permission to share practice financial data with advisors should be secured from the business owner prior to being given to any advisor-whether the advisor is a family member, a consultant, an accountant, or an attorney.

I have seen several potentially very favorable businesses "deals" fail to get finalized because of relatively minor issues. At times, students and others need to be reminded about their career goals and long-term interests, to gain perspective without getting side-tracked on one particular issue. For example, if the practice has great growth potential, is located where a student wants to practice and in a community where the student wants to raise a family, then paying $20,000 more for the practice than the student (or his/her advisor) thinks it is worth may be the best long-term decision the student will ever make.

Students occasionally see dental practices with dentists who have not kept pace with modern technology-for example, no computer system. Or, a practice may have patients who may have undiagnosed or untreated periodontal disease. It is important for students not to criticize the owner in these situations. Necessary technological upgrades can be done later and the treatment deemed appropriate can be provided once the new owner begins practicing.

 Conclusion



Following the list of "do's" and "don'ts" certainly will not guarantee a smooth and successfully negotiated associateship contract or practice purchase. However, the recommendations should provide a foundation for pursuing practice opportunities.

 Acknowledgements



The author is thankful for having the opportunity to assist many students over the years and for the excellent practice management instruction provided by superb guest speakers/experts in the areas of associateships and practice valuation/purchase: Drs. Eugene Heller, Robert Madden, Art Croft, Ross Crist, Steve Wolff and Ms. Judy Jennings. [10]

References

1Available from: http://www.etymonline.com/index.php?term=etiquette. [Last accessed on 2012 Aug 16.
2Available from: http://www.ada.org/688.aspx. [Last accessed on 2012 Aug 16.
3Halley MC, Lalumandier FA, Walker JD, Houston JH. A regional study of dentists′ preferences for hiring a dental associate. J Am Dent Assoc 2008;139:973-9.
4Dunning DG, Lange BM, editors. Dental Practice Transition: A Practical Guide to Management. Hoboken, New Jersey: Wiley-Blackwell; 2008. p. 10-5.
5American Dental Association, Transitions: Nativating Sales, Associateships & Partnerships in Your Dental Practice. Hill R, editor. Chicago, IL: American Dental Association; 2008. p. 27-30.
6American Dental Association, Valuing a Practice: A Guide for Dentists. In: Domer LR, Berning R, editors. Chicago, IL: American Dental Association: 2006.
7American Dental Assocation, Associateships: A Guide for Owners and Prospective Associates. Berning R, Domer LR, editors. Chicago, IL: American Dental Association: 2005.
8Hindley LN III, editor. Getting Down to Business: Success in Each Stage of Your Dental Career. Arkansas City, KS: Central Plains Book; 2009.
9Logan EM. Dentistry′s Business Secrets: Proven Growth Strategies for Your New or Existing Practice. Bloomington, IN: Author House; 2011.
10Available from: http://www.city-data.com is one useful website for cities and towns in the United States. [Last accessed 2012 Aug 20.