Asst. Prof. Mihael Stanojevic

ECONOMICAL PRINCIPLES IN RUNING A DENTAL OFFICE

In an increasingly dynamic world, both dentistry as a profession and as a business must adapt to the economic changes that are happening around us. Today, we are increasingly forced to run our practices as micro-enterprises, without proper education in this field. Unfortunately, we mostly learn from our own mistakes.
In this paper, we wanted to draw attention to certain economic aspects of the business of dental practices, and I hope to raise awareness of the necessity of education not only professionally, but also in business, so that we can do business with as little stress as possible, and to the greatest satisfaction of our patients and us. We are aware that through our university education we have acquired a high level of knowledge and skills in dentistry, but also that we have almost no knowledge or skills in managing business from an economic point of view.
The work shows the calculations that I have come to by running a private practice in the last 16 years. Certainly, this is not the last version and you should trust the numbers, because they don't lie and use them in your daily business, as well as in planning future investments.

Keywords: price of services, calculation, business education,

Dr. Mihael STANOJEVIĆ was born on September 28, 1974 in Mettmann, Germany. He finished primary and secondary school in Foča. He enrolled in the Faculty of Dentistry of the University of East Sarajevo in the 1993/94 academic year. He graduated in April 2003. During his studies, he worked as a student demonstrator in the field of dental prosthetics, Gnatology course. He completed his doctoral practice at the Faculty of Dentistry in Srbinje, and then passed the professional exam. He got a job as a doctor of dentistry at the Faculty of Dentistry in Srbinje on May 1, 2003. years. On March 10, 2005, he was accepted as an assistant at the Department of Dental Prosthetics of the Faculty of Dentistry in Srbinje.

During his education, he actively participated in the work of the Student Association as president of the Association (for two years) and student vice-dean in 2003. He is also one of the founders of the Student Union of the Republic of Srpska. He also worked as a volunteer of the RS Red Cross from 2000-2003. on the peer education program, about sexually transmitted diseases. In 2001, he attended an American Red Cross training in Philadelphia.

In March 2004, he enrolled in international interdisciplinary postgraduate studies at the University of Sarajevo, and on February 13, 2006. defended his master's thesis entitled "Comparative analysis of health care systems, with special emphasis on dentistry", cum lauda, in Sarajevo, under the mentorship of Prof. Dr. Faris Gavrankapetanović. He was elected to the position of senior assistant on April 17, 2007.

He enrolled in the specialization in dental prosthetics in 2005 at the Faculty of Dentistry in Foča, completed part of his specialist internship at the Faculty of Dentistry in Belgrade, and passed the specialist exam on April 18, 2008 with excellent results.

He successfully defended his doctoral thesis entitled: "EXAMINATION OF THE RETENTION VALUE OF HOMOLOGOUS AND HETEROLOGOUS PAIRS OF CONE CROWNS ON IMPLANTS" at the Faculty of Medicine in Foča, November 3, 2018. The doctoral dissertation mentor was Prof. Dr. Ivica Stančić from the Faculty of Dentistry in Belgrade. He was promoted to the position of assistant professor in April 2019.

He also successfully completed the two-year BOSHMAN management program in university education, and passed the final exam in May 2005.

Since January 2005, he has been involved in the work of the scientific and congress committee of the 11th BASS Congress, which was held in Sarajevo in May 2006. Since 2005., he is a member of the Council of the Balkan Dental Society as a councilor. In 2016, he was the president of the 21st BaSS congress held in Banja Luka. In 2022, he was the president of the Scientific Board of the 25th BaSS Congress held in Sarajevo.

He is fluent in English and German.

Member of UPDS RS (Association of Private Dental Doctors of the Republic of Srpska) since 2008 Member of the EPA (European Prosthetic Society) since 2013

Published more than 40 works in abstracts and in full text in domestic and foreign journals.

Participant of 5 scientific projects.

A large number of invited lectures and practical courses were held.