CPD Activities

Revenue, risk and wealth management for dentists


Revenue, risk and wealth management for dentists


Starting on :09:00 AM 17 October, 2016 Venue:Pride Inn Shanzu
Ending on :12:00 PM 22 October, 2016 Max Credits:10.00
Moderator:Dr. ALUMERA HUDSON Activity Cost: Free Order

Presenters

1. Dr. Melvin D'Lima
Dental surgeon, Business skill trainer and mentor
Wealth in healthcare

Description

Introduction

The science and art of Dentistry is capital intensive, risk rich and financially rewarding.  Kenyan dentists have several unique needs for startup and expansion finance and like their counterparts elsewhere, they have a need to constantly improve business systems and structures. In order to provide sustainable, high quality services, Dentists in private practice, of necessity, must therefore exercise diligent planning and execution of financial, risk and wealth management. Often times private practices reach a plateau in their ability to keep up with changing technologies and business environments. Access to finance and creditworthiness is key. Noteworthy is the recent decrease in bank interest rates which has resulted in more stringent prequalification criteria for loans.

Methods

This series of power point presentations will motivate Dentists and provide them with information on best practices in financial management including sourcing capital for startup and expansion, alternative income streams, revenue management, risk management; wealth management and exit strategies. A pre conference preparedness survey will be administered to all participants and results shared during the series of talks 

Results

Participants are expected to leave the session motivated to plan for investment finance in the lucrative dental industry, to manage their risk exposure and prudently manage their wealth as part of a long term exit strategy from operative dentistry.

Conclusions

This topic is highly relevant because basic business skills are not taught in many dental schools. Good clinicians do not often make good managers of small to medium sized clinics and attending this lecture series is likely to empower participants to maximize their income potential.


Objectives

Participants are expected to leave the session motivated to plan for investment finance in the lucrative dental industry, to manage their risk exposure and prudently manage their wealth as part of a long term exit strategy from operative dentistry.





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