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Gooooood morning friends *Joe Rogan voice*. Today, we are pondering a very important question: Is Ironman real? For the second time in 6 weeks, an unknown person was seen flying with a jet pack near the Los Angeles Airport. We also have robots and technology on our mind as seen in today's newsletter. What a great segway....
So, lets' get to to the important stuff.
Prediction: It's the year 2035 and Robots Took Your Job ??
Virtual Reality is Patient Management Reality
How to practice dentistry while you golf ???
Insider Trading Update. *Spoiler: We made money and we aren't in jail* ??
Dentists apparently don't get sick??
THE FUTURE OF DENTISTRY
The Robots Are Coming for Your Job
This isn’t something out of The Terminator or the start of the apocalypse. The robots are officially coming for your dental practice. A Miami robotics company put dentists on high alert when it announced that robotic dental assistant surgical platforms are coming.
A 71.82 million dollar investment recently closed series D financing which will reportedly help increase research and development for the Yomi Dental surgery assistant.
Neocis, the company behind the robotic surgery assistant, has used its technology to place more than 2,700 implants and is now being used at both Boston University and West Virginia’s dental schools.
Like much of the economy, the company had difficulty during the COVID pandemic, but seems to be back on track.
Due to some eye popping progress the last few years, Yomi recently received FDA clearance for completion of full arch implant treatment.
Take a peak at some of the proclamations on the company's website:
What can you do in 90 minutes?! Yomi surgeons have performed a complete arch surgery in 90 minutes and dual arch surgery in 2.5 hours
Good riddance flaps. With the technology, a minimally invasive flapless approach can be utilized
RIP Surgical Guides. The assistance of the robots allows for surgery without those pesky surgical guides.
But all of this comes with a price. And when we mean price, we mean a steeeep price. The system reportedly costs $150,000 with an additional per implant fee. You would have to place a lot of implants to pay for this thing ????
STOP SCREAMING, KID!
Virtual Reality is the New Nitrous Oxide
You come home from work and your kids are wearing with these weird ass looking glasses and playing a modern version of pin the tail on the donkey. Virtual reality is here y’all.
The reality of virtual reality: it can have a positive impact on your dental practice.
Up until now, the emerging technology has solely been used for serious gamers and those who want to be ahead of the technologic times. But new research shows that maybe, just maybe it could help you out in your dental practice.
THE BIG-BAD META-ANALYSIS
A study published this past March came to a somewhat obvious conclusion: kids behave better when they are distracted by technology. Although it still may not be a positive experience, the research showed that the use of VR eye-glasses resulted in better behavior during the caries removal process as well as lower pain perception.
Hey, it makes sense. Have you seen what happens when you put Paw Patrol in front of a 4 year old? It’s like the rest of the world doesn’t exist.
So we know the theory of improved patient management works, but would it be practical?
A real issue with using some of the current virtual reality glasses on the market is the simple concept of getting in the way of the actual work space
I mean, it honestly might be a little awkward working on the distal of #15 when the patient has this on their face.
Yeah, it could be tough. But screaming kid or slight change in your ergonomics? Give us the back strain.
And you thought TV’s on the ceiling were all the rage. Here are some of the leading virtual reality products on the market.
Oculus Quest 2 For $300 bucks on Amazon, you can buy the bread and butter product for introduction into the virtual reality market. With no cables required, this seems to be the leader in the clubhouse for potential devices you could use with your patient. The real question again is the actual practicality of the use of the headset during a dental procedure. This headset also comes with controllers for video games. You cannot tell me that a kid playing Fortnite wouldn’t be better behaved.
Oculus Go The cheaper younger brother of the Oculus Quest arguably would be more suited for use in a dental practice. Less unnecessary features for patient management purposes leads to a more affordable price. The problem? It was recently announced that the product would be discontinued in order to “double down on improving offerings for Quest and Rift.” After 2022, there will be no more software updates. Finding a used Oculus Go for cheap may be the best option out there.
Oculus Rift A couple problems we see with using the Oculus Rift. First, a PC is required to used the equipment. Also, with a higher price point at $399, the use of the Rift in the dental practice is not recommended. Not even worth it about talking about this one any further
??So with that, here are our thoughts….it would be pretty freakin’ cool (and effective) to be the first dental practice in your community advertising the use of virtual reality glasses as a form of patient management.??
Dammmnn we lookin' fine??. Gallup poll results saw a bump in satisfaction rating for the health care industry
Hey Parents...Relax. A JAMA study revealed a decreased use of alcohol and marijuana in young adults from 2002 to 2018
Dental Psychology??. Chris Salerno recently wrote about the power of the phrase, "Tell me a story" during patient interaction. Check out the insight.
Touch up those resumes . An ADA poll shows that a third of dental practices are back to recruiting assistants and hygienists.
Respect the DO. The trendy, millennial focused scrub company, Figs, is in the hottest of water after releasing a bone-headed advertisement.
Jake Tapper vs. OMFS. The CNN anchor recently made disparaging remarks out of left field insinuating that oral surgeons are not "real doctors."
ADAPT OR DIE
Another week, another startup making cool-ass things happen for the dental industry. Grin, a virtual dental company, recently created an app and a scope that will allow for orthodontics to perform even more virtual visits.
The company was well on its way to having a finished project before the hit of the pandemic. After dental offices closed nationwide, CEO and dentist Adam Schulhof states that the company increased the development of the product along with a partnership with 3M.
Here's how it works:
Providers sign up with Grin
Patients are provided with Grin's scope (below)
The frequencies of scans are customized for each patient
The scans are reviewed by the orthodontist
The orthodontist finishes their morning coffee and heads off to the golf course
The company recently shipped 5000 units amid the pandemic. Expect this number to only increase from this point on.
YOUR EARLY RETIREMENT FROM DENTISTRY
An update on our "Insider Trading Index Fund"
We threw around money like dental students at a bar after their first year final exams. Here's an update on our Insider Trading Index Fund.
Check out the portfolio. Remember, our one criteria for buying these stocks-the company recently submitted a SEC form 4.
Let's highlight one of these companies in our case study.
Voxx, a manufacturer and supplier of automotive and consumer electronics, submitted a form 4 after Kahli Beat, a partial owner of the company, bought almost $350k in stock in early October.
The company gave the shareholders some great news when it released its Q2 earnings on October 13th. The big news? Second quarter revenue increased by 42% since last year.
Soon after the earnings were released, the stock price jumped over 25% to $10.91 a share.
We're the Outliers
Apparently, dentists' immune systems are king.
The ADA recently released a published estimate of the COVID rate among dentists nationwide. The big number: Less than 1%
THE TL;DR VERSION
2,195 dentists responded
Survey included questions about COVID symptoms, infection, infection control procedures, etc.
20 dentists had a confirmed or probable infection
After approximation for all U.S dentists, 0.9% were estimated to have a confirmed or probable infection
ANOTHER ROUND IN THE FIGHT OF DENTISTS VS. EVERYONE
This is the latest rebuttal as the dental industry fights the healthcare industry over the risk of infection related to dentistry.
Remember back in March when the New York Times proclaimed that dentistry is one of the professions with the highest COVID-19 risk infection.
In any case, according to Mario Vujiic, the chief economist and Vice President of the ADA Health Policy Institute, “The profession has taken this issue extremely seriously and it shows…”