Prosthodontics. Clinical practice--third-party relations. Review of the literature

The business component of prosthodontics is certain to become a greater focus for those who enter the profession in the 21st century. Whether future professionals are prepared to accept the inevitability of change is, in part, the present generation's responsibility to decide. Prudent management decisions based on basic business principles will be essential to those who venture into prosthodontics in the future. Understanding computers, electronic data transmission, FAX data transfers, and government rules and regulations should be essential components in the education of prosthodontic residents now. When to ask how the law will affect the young practitioners will be as important as where to place the call. Those unfamiliar with governmental regulations that govern any business venture may be caught in a nightmare of fines and economic and personal time loss. Moreover, those who are untrained in dealing with money managers (banks, credit unions, lenders) and patients (where money matters) can be assured of failure. Familiarity with all phases of third-party payments becomes an essential ingredient for future success. However, for those who are knowledgeable about business, the joy of practicing prosthodontics in the 21st century should be rewarding.