Journal of the Louisiana Dental Association Journal of the Louisiana ...

LDA
louisiana dental services, inc.
Dr. C. Richmond Corley, Jr.
Senior Vice-President/CEO, Louisiana Dental Services, Inc.
Thanks to you, the LDA member, it has been a
good business year for the LDA/LDS Endorsed
Program of Products and Services. LDS is a wholly
owned subsidiary of the LDA. The LDS Board
of Directors and its officers are charged with the
management of endorsement agreements with 22
vendors. The LDS Board is also charged with growing
this program for the LDA by seeking out high quality
vendors for endorsement by the program.
Preliminary accounting reports indicate that LDS
and its now closed Professional Dental Plans, Inc. (PDP)
subsidiary have made available to the
LDA and its membership over $84,000
in non-dues revenue to help provide
first class membership benefits in
2010. It is very likely that an LDS year
end stock dividend will significantly
add to this total. With the loss of the
revenue stream that PDP, through its
endorsement of the Crescent Dental
Plans® dental benefit program, has provided since
1989, it will be extremely important for LDA members
to step up your utilization of this program in 2011 to
maintain the non-dues revenue stream of the past years.
The beginning of 2011 will see, with the approval
of the LDA Board of Directors, a realignment of the
leadership for LDS. I will become president and
chairman of the Board of Directors. Dr. Michael
Maginnis, who has held the president’s office,
will become vice-president and board member
representing the Greater Baton Rouge component.
Dr. Ross DeNicola, formerly president of Professional
Dental Plans, Inc., will become CEO of LDS with the
primary responsibility of day-to-day operations of LDS.
The LDS Board also elected Dr. Steve Ortego from the
Central component to serve as secretary for 2011.
During 2010, the LDS Board of Directors
recommended to the LDA Board of Directors the
endorsement of two new quality vendors to become
LDS Provides Hefty Non-Dues Revenue to LDA,
Has Change of Leadership for 2011
part of the endorsed program. The first of these
was Mercury Data Exchange (MDE), a company
that is engaged in the business of reporting patient
dental benefit eligibility in real time, claim status
reporting, electronic dental claim processing and
related information services. The second newly
endorsed vendor is ADS Transitions, a company
that will assist in all aspects of dental practice sale,
acquisition and related matters. For more information
on these endorsed companies, as well as the 20 other
companies, visit the LDA website at www.ladental.org.
The LDS Board, after thorough review
and satisfactory endorsement contract
negotiation, has decided on a one year
renewal of the endorsement of Stericycle
as the vendor for the medical/hazardous
waste pick-up program. The new rates
for 2011 per box pick-up for (12-1-2010
to 11-30-2011) will be set at $49.50 with
a monthly service fee of $15.50. The
usual fuel adjustment arrangement will continue to
apply. Check out your medical waste contract to see
when it is due to expire and consider utilizing the
relationship with Stericycle.
There are many good opportunities for you to
save money for your practice through the LDA/LDS
Endorsed Program of Products and Services. Check
us out on the LDA website at www.ladental.org or
call the LDA office at 1-800-388-6642 to get up-todate
information on what we have to offer.
As always, we at LDS appreciate your support and
look forward to be of service to you in the upcoming
new year.
LDA Website:
www.ladental.org
12 LDA Journal