iDentistry The Journal Volume 14 No 2 | Page 18

The Journal group of population as their patients and as they say, one size of shoe doesn’t fit all, one price for a particular job doesn’t suit all the dentists from different areas of the same city or different cities. 5. Competition and pricing associated with it : By resorting to the “neighbourhood competition” or the commonly called marketplace pricing, dentists accept the commoditization of their products or services (lack of differentiation). Neighbourhood competition pricing is a resting place for clinics that have given up to fight in the competition and where profits end up being razor thin or simply saying, hand to mouth. Before setting the prices based on your neighbours, focus on your own goals – primary or secondary. If you want your practice to become a niche practice which will house latest gadgets in years to come along with offering exceptional patient care services, your charges should be higher than your neighbours. There are many dentists who charge too low for few services and too high for a few other services based on what your neighbour charges. These things ought to have a little bit of consistency, otherwise it confuses the patients. Identification of goals of ‘where we are and where we want to be’ in years to come should be the primary factor in deciding charges. If your financial targets are falling short, it is an impending sign of raising your charges. If you don’t have any goals, create and mark them today as dentists have a comparatively shorter shelf life of practice. Your goals of where you want to be and how you will reach there go a long way in chartering your future course of action. Finance plays an important role in deciding your future expansion plans and earning finance requires keeping charges at more than a basic level. My strong advice to all budding dentists is that they should find ways to differentiate themselves or their products or services so as to create additional value for specific market segments and be ambitious enough to grow and carve a niche for them rather than just sticking out their neck for 17 finding what the neighbours charge. 6. Knowledge and attitude towards ethics with fellow dental practitioners : Ethics is a science of ideal human character and behavior in situations where the distinction should be made between what is right and wrong, duty must be followed and good interpersonal relations should be maintained. Dental ethics is a moral obligation that encompasses professional conduct and judgment imposed by the members of the dental profession. The Dentists’ Code of Ethics regulations laid down by the Dental Council of India (DCI) in 1976 and revised in 2014 reiterates that it is the duty of every registered dentist to read these regulations, understand his responsibilities and abide by the same when concerned with consultations and treatments offered to fellow dentists (colleagues). According to the revised regulations, it is not mandatory to offer free consultations and treatment to the fellow dentist and their immediate family. An ethical challenge that every fresher faces is a poor knowledge in ethics and attitude amongst the fellow dental practitioners. Dental ethics has to be like a uniform code and every dentist should wear the same one, but alas it's not the way we wish it to be. Dental ethics represents a set of principles of professional conduct, rules and responsibilities, starting with respect for autonomy, beneficence, non-maleficence and justice – the founding ethical principles that govern any dental practice. 7. Effective marketing for newer practices and conflict in advertising vis-à-vis DCI rule book of advertising : The new DCI rule book has softened the stand for the advertisements of dental clinics. The revised code quotes that it is not unethical to advertise dental clinics provided the decorum and moral obligations were maintained. The global position on the issue of ethics of advertisement by dental professionals has drastically changed over the last few decades.A Dentist or a group of Dentists may advertise provided that they Vol. 14 No. 2 May-August 2018