June 14 Regional Meeting
Webinar format
Time: Friday, 9 – 11 a.m. (CST)
Topic: Survival of the Fittest: Navigating the Next Decade's Economic Landscape
Speaker: Dr. Richard Huot, DDS
Credit: 2
CE hours
Cost: Free to registered CDS members. A fee of $75 is charged to nonmember dentists. The fee may be applied to membership for the current year. You must register to be able to join the Zoom meeting.
Course Description:
Like most other types of small businesses, dentistry has not escaped the consequences of Covid and the inflation now officially entrenched in this economy. This lecture will touch on how to make your practice more effective in these financial times, what you can expect to see in the economic near future, and basic financial steps you can take to ensure that you will able to be successful throughout your entire dental practice career.
Dr. Huot will go over the basic requirements you will need to ensure practice financial stability, including steps to take now to monitor your practice goals with Key Practice Indicators (KPI).
Steps to ensure your retirement is on track, your family needs are met and protected, including financing for college, what financial “traps” to avoid, and how the economy and health care reform will influence the future of dentistry will all be outlined in a fast-paced discussion with time allowed at each section to ask questions.
Topics such as associateships, mergers, buying and selling practices will be discussed, as well as what you can do with your current office to position it for the next decade and beyond.
The last 10 minutes will be left to discuss financial benchmarks you and your practice should be following for financial security, risk management, and retirement goals along your practice career path.
Learning Objectives:
- Attendee will be able to identify basic economic business cycles, and how it affects dentistry.
- Attendee will gain knowledge on how to identify key office financial indicators that enable productivity and profit.
- Attendee will have a clear understanding of what financial and insurance options are available to the dentist for their retirement and estate planning needs.
- Attendee will be able to identify if their practice is a candidate for merger or acquisition for growth and/or transition.
No commercial support. No financial conflicts of interest for this program.
A fee of $75 is charged to dentists who are not CDS members. The fee may be applied to membership for the current year.
- No partial credit issued
- CE credit verification will be emailed to registered attendees after each meeting.
- Cancellations accepted until one week before the program.
- For refunds and additional information, email Lisa Hosley.
This course is approved for continuing education in Illinois.
CDS is an ADA CERP Recognized Provider
ADA CERP is a service of the American Dental Association to assist dental professionals in identifying quality providers of continuing dental education. ADA CERP does not approve or endorse individual courses or instructors, nor does it imply acceptance of credit hours by boards of dentistry. Concerns or complaints about a CE provider may be directed to the provider or to ADA CERP at www.ada.org/cerp.
About our Speaker
Richard Huot, DDS
Dr. Huot is an opinion leader, lecturing at many meetings on topics such as leadership, career transitioning, financial planning, and buying/selling dental practices. After retiring from the U.S. Air Force after 30 years, Dr. Huot ran a private practice from 1985 to 2008 and still practices today on a per diem basis. Dr. Huot earned his dental degree from Northwestern University, and graduated from the College of Financial Planning (CFP) in 1996, and the Chartered Financial Consultant (ChFC) program at the American College of Financial Services. Dr. Huot recently completed his term as Chair of the ADA Council on Member’s Insurance and Retirement Plans.