How will dentists be affected by election outcomes?
Using a payment card for dental visits is the norm — but the way you process them is changing. Find out how to stay compliant. Plus: Go back to the future with this dentist's sweet ride. It's time to sink your teeth into this issue.
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In today's newsletter:
💠 Payment card compliance: When and how
💠 The election year's effect on dentistry
💠 Practicing (safely) while pregnant
💠 Ketamine and dental responsibility
Are you compliant with new payment card rules?
The healthcare sector has been a prime target for criminals looking to collect sensitive data, with attacks up 128% this year in the U.S. alone. To protect providers' data from such attacks, full implementation of the Payment Card Industry (PCI) data security standard (DSS) version 4.0 is required by March 2025. This will significantly change how dental offices handle payment card information and security. Learn more about these changes in advance of implementation. (Dentistry IQ)
How to overcome the fear holding your practice back
Are you operating your dental practice out of fear? Fear of dropping insurance plans, fear of complaints, fear of unhappy staff or patients? On this episode of the Dentistry Unmasked podcast, Rob Ritter, DMD, discusses creating an authentic practice culture that thinks outside the box. Dr. Ritter states, “The only person stopping you is the person in the mirror. When you say you’ve had enough and your tolerance hits a level, that’s when you’re gonna make the biggest change in your life.” (🎧Dental Economics)
Is the dental industry election-year proof?
Election years can make small business owners nervous when it comes to how their earnings and regulations could be affected. Dentists, however, tend to weather political change more easily than other professions, according to Kyle Francis, founder and president of M&A advisory firm Professional Transition Strategies. "The dental M&A market has consistently shown resilience, regardless of political cycles, inflation, increases in interest rates and even a pandemic. While some may speculate about potential slowdowns — and use fear-mongering tactics to spark urgency — our experience indicates that the fundamental drivers of dental practice value remain strong," Francis says. (Dental Tribune)
Considerations for practicing while pregnant
There isn't a lot of guidance for dentists who are pregnant, both from a health and financial perspective. San Francisco-based Sampada Deshpande, DDS, provides a few pointers to keep in mind when working as a full-time employee dentist while pregnant and some advice for after the baby is born. (American Dental Association)
Small Bites
💠 Is dental staffing improving?
💠 Three considerations for pediatric patients
💠 Give your feedback for an industry report
💠 Ketamine and keeping patients safe
The Final Bite
What's on our nightstand: Blabbermouth! by Susan Smallegan Maples, DDS, MSBA and Diana Kightlinger DeCouteau, MA. It contains 77 secrets only your mouth can tell you, and surprising ways to protect yourself from disease and chronic illness.
What we're reading: New York Magazine's dive into celebrity ToothTok.
What we're watching: This dental school vs. medical school showdown on YouTube.
We'd love to feature you: Interested in having your dental practice highlighted in our newsletter? Email us for details.
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