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Productive Dentist Academy Introduces New Initiative

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Categories: Practice Management, HR and Accounting;
Investment Grade Practices aims to increase optimization, add options and create optimism for independent dentists
Posted: June 28, 2022
Edited by Dentaltown staff

ANACORTES, WA—Productive Dentist Academy (PDA), a leading dental business consulting and marketing firm, recently announced its newest strategic initiative, Investment Grade Practices (IGP), which teaches independently owned dental practices how to create maximum value in their practices so they can maintain their current lifestyle in retirement. 

“According to the American Dental Association, 95–96 percent of dentists cannot retire and maintain their lifestyle. It does not have to be this way,” says Dr. Victoria Peterson, co-founder and CEO of PDA. “Investment Grade Practices allow the owner and team to enjoy personal freedom today while building assets and value for tomorrow. IGP practices are built on patient and team-first principles, putting people and relationships before anything else.”

IGP practices learn how to successfully optimize earning potential, create predictable growth year over year, balance debt, build durability into the systems and a structure for ongoing success. What sets IGP practices apart from others boils down to two important criteria: profits and career satisfaction.

“Building an Investment Grade Practice requires the willingness to allow yourself to dream big, and the discipline to invest in yourself and your team in order to bring the dream to life,” says Peterson. “Implementing IGP principles brings peace of mind to the practice owner, transforms the team into patient advocates, creates unparalleled patient experiences, builds great team culture and competitive compensation, prepares the practice to be sold at any time for top dollar, and creates continuity and profit after a sale.” 

Coinciding with the launch of IGP, PDA has announced its IGP Summit, taking place September 22–24, 2022, in Frisco, Texas, alongside the PDA Productivity Workshop. The IGP team of Business Advisors and Coaches will be on hand to support annual business planning, goal planning, and marketing strategies. Special breakout sessions will help elevate dentists’ office managers to business managers, and marketing coordinators will be fully prepared to disseminate dental practices’ messages to the market.

“The IGP Summit is available exclusively to PDA clients and runs concurrently with the acclaimed PDA Productivity Workshop, which is open to all independent dentists and their teams,” says Peterson. “All IGP Summit attendees will receive an updated business plan, a comprehensive practice valuation (a $5,000 value), a review of financials for the past three years to make sure your practice is set up properly, and a deep understanding of your financial freedom number and how to make it a reality.”

Tuition for the IGP Summit is $995 per person. Dentists who are interested in attending the IGP Summit can register by emailing brent@productivedentist.com.

“We designed the IGP Summit to run alongside the PDA Productivity Workshop to allow independent dentists and teams the opportunity to learn from one another,” says PDA Chief Strategy Officer Dr. David Porritt.
The PDA Productivity Workshop is open to all independent dentists and their teams. It is designed to help dentists improve profitability and time management through productive scheduling, smooth hand-offs and co-diagnosis with their team, treatment plan communication and case acceptance, authentic dental marketing, and seamless integration of new dental technology. In its 18th year, this workshop has helped thousands of dentists from the United States, Canada, New Zealand, France, Bermuda and the United Kingdom.

“We strategically chose to hold the PDA Productivity Workshop at the same location and time as the IGP Summit so dentists and teams can interact and experience in real-time the mindset and behaviors of the productive dentist,” says Porritt. “If you have ever wondered why PDA dentists own some of the highest performing and deeply satisfying dental practices in the world, this is your chance to learn first-hand. As the old adage goes, ‘You are the friends you keep,’ and we believe at PDA, every independent dentist deserves to be surrounded by greatness.”

Tuition for the PDA Productivity Workshop is $2,195 per doctor and $1,295 per team. Dentists who are interested in attending the workshop can register by calling 800-757-6077 ext. 135, visiting productivedentist.com/workshop or e-mailing brent@productivedentist.com. 
 
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