Dear Alumni, Colleagues and Friends - University of Illinois at Chicago
Dear Alumni, Colleagues and Friends - University of Illinois at Chicago
Dear Alumni, Colleagues and Friends - University of Illinois at Chicago
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<strong>Alumni</strong> Meeting Friday, Sept 7, 2012<br />
Orthodontic Practice Transition<br />
Upd<strong>at</strong>ed perspectives for those<br />
transitioning in <strong>and</strong> out<br />
“You May Delay But Time Will Not”<br />
Attorney R<strong>and</strong>all<br />
Berning<br />
Save the d<strong>at</strong>e<br />
for this<br />
important<br />
meeting! It is never<br />
too early to prepare<br />
yourself for the transition<br />
<strong>of</strong> your practice. Wh<strong>at</strong><br />
does the future hold for<br />
your staff <strong>and</strong> p<strong>at</strong>ients in planning a practice<br />
transition? Even if you are not currently<br />
looking to exp<strong>and</strong> or retire, this fast paced<br />
one-day present<strong>at</strong>ion will provide a general<br />
underst<strong>and</strong>ing <strong>of</strong> the necessary framework<br />
<strong>and</strong> important topics to consider in planning<br />
a transition. With proper prepar<strong>at</strong>ion,<br />
instead <strong>of</strong> simply selling, retiring <strong>and</strong><br />
hopefully walking away, you can take steps to<br />
ensure the practice remains strong <strong>and</strong> viable<br />
as the buyer succeeds. In order to have a<br />
successful transition between the buyer <strong>and</strong><br />
the seller it is paramount to underst<strong>and</strong> the<br />
process. Case reports will be presented to<br />
highlight keys to success <strong>and</strong> deficiencies<br />
th<strong>at</strong> led to failure. No m<strong>at</strong>ter where you are<br />
in your career, this present<strong>at</strong>ion will help<br />
prepare the found<strong>at</strong>ion for the transition<br />
process.<br />
The program will be moder<strong>at</strong>ed by <strong>at</strong>torney<br />
<strong>and</strong> practice transition authority R<strong>and</strong>all<br />
Berning <strong>and</strong> will include a panel <strong>of</strong> experts to<br />
review the framework <strong>of</strong> a successful practice<br />
transition. R<strong>and</strong>all <strong>and</strong> his firm, Berning <strong>and</strong><br />
Affili<strong>at</strong>es, Inc, have specialized in practice<br />
ownership transitions <strong>and</strong> expansions for<br />
over 25 years <strong>and</strong> he has authored over 100<br />
articles <strong>and</strong> paneled numerous AAO <strong>and</strong><br />
other present<strong>at</strong>ions. In addition we have<br />
Paul Baumann, CPA, ABV, CFF, ASA who will<br />
provide m<strong>at</strong>erial on practice valu<strong>at</strong>ion as part<br />
<strong>of</strong> the program. Paul has extensive expertise<br />
in providing valu<strong>at</strong>ions <strong>of</strong> orthodontic<br />
practices <strong>and</strong> he is accredited in Business<br />
Valu<strong>at</strong>ion. An overview <strong>of</strong> orthodontic<br />
practice valu<strong>at</strong>ion essentials will be detailed<br />
during his present<strong>at</strong>ion.<br />
We are also fortun<strong>at</strong>e to have on our<br />
panel, Dr. David Musich <strong>and</strong> his practice<br />
administr<strong>at</strong>or, Beth Barrett, who will discuss<br />
the role <strong>of</strong> the orthodontist as CEO <strong>and</strong><br />
leadership in planning transition. Having<br />
recently through the transition process,<br />
they will <strong>of</strong>fer insight to help identify the<br />
important steps to consider during the<br />
process. Beth will address wh<strong>at</strong> doctors<br />
need to know about the role <strong>of</strong> key staff<br />
during each stage <strong>of</strong> the practice transition<br />
<strong>and</strong> why. Plenty <strong>of</strong> checklists <strong>and</strong> other<br />
useful h<strong>and</strong>out m<strong>at</strong>erials will be provided.<br />
As an added bonus, you will also be<br />
able to invite a close dental colleague or<br />
spouse. Your referring dentist will gre<strong>at</strong>ly<br />
appreci<strong>at</strong>e the topic <strong>and</strong> your invit<strong>at</strong>ion<br />
to the program can signal th<strong>at</strong> you are<br />
Class <strong>of</strong> 2012<br />
Seeking<br />
Employment<br />
Opportunities<br />
Are you in the<br />
process <strong>of</strong><br />
transitioning your<br />
practice or looking<br />
for an associ<strong>at</strong>e or<br />
partner? It is never<br />
too early to start<br />
looking for the right<br />
person <strong>and</strong> the<br />
best way to start<br />
is by networking<br />
directly with the<br />
residents. You<br />
are encouraged<br />
to contact them<br />
directly.<br />
interested in his /her practice future. A<br />
practice transition happens to every doctor<br />
<strong>and</strong> knowing when a referral practice may<br />
transition can help you met the new doctor<br />
in a timely manner.<br />
This meeting is FREE to dues<br />
paying members <strong>of</strong> the<br />
<strong>Alumni</strong> Associ<strong>at</strong>ion.<br />
Another value <strong>of</strong> membership!<br />
From Left to Right: Dale Benjamin, dalebenj@gmail.com –<br />
Palm Beach or Broward County, FL; Nilou Nouri, nilounm@<br />
gmail.com – Southern California; Mary Ellen Dobbs,<br />
maryellen.dobbs@gmail.com – East Tennessee; Tamara<br />
Oweis, tmaraowais@gamail.com – <strong>Chicago</strong>l<strong>and</strong> area;<br />
Bruni Ortiz-Giuliani, bruimarie@gmail.com – Dorado,<br />
Puerto Rico; Kristin Moore, kristinnmoore1@gmail.com<br />
– <strong>Chicago</strong>l<strong>and</strong> area; Michael Everson – eversonortho@<br />
gmail.com – Austin, Tx or Atlanta, Ga; Jessica Hylan-<br />
Cohen, jessannecohen@gmail.com – <strong>Chicago</strong>l<strong>and</strong> area;<br />
M<strong>at</strong>thew “Tim” Sagun, m<strong>at</strong>thewsagun@gmail.com –<br />
<strong>Chicago</strong>l<strong>and</strong> area.
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