December 21, 2021
by ADA Practice Transitions
Company is recognized for its state-of-the-art online matching platform designed to support digital transformation in the dental industry.
ADA Practice Transitions (ADAPT), a service of ADA Business Innovation Group, has been named one of the winners of the 2021 Chicago Innovation Awards in technology. The winners were announced at this year’s event held on Tuesday, December 7th. The Chicago Innovation Awards, celebrating its 20th anniversary, is the Chicago region’s foremost recognition of the most innovative new products or services brought to market each year.
“As we’re still in the midst of a global pandemic, innovation is needed now more than ever,” said Tom Kuczmarski, co-founder with Chicago journalist Dan Miller of the awards. “The 2021 winners are solving unmet needs impacting healthcare, social services, education, finance, food consumption, telecommunications, manufacturing, business services, consumer products and more.”
Backed by the American Dental Association, ADAPT is helping independent dentists thrive by making the process of entering or leaving a dental practice more predictable and successful. ADAPT was recognized for developing a state-of-the-art national online matching platform that leverages artificial intelligence (AI) to match dentists who are selling their practices with dentists seeking to purchase practices . The online system works similar to a dating profile, with ADAPT’s team of advisors pairing dentists with complementary profiles and approaches to dental care. This helps ensure long-term success for all involved and better dental care for patients and communities.
“We are honored to win this year’s Innovation Award. ADAPT uses data and artificial intelligence to drive digital transformation in the dental industry around practice transitions while maintaining high-quality dental care for our communities,” said Tim Steffl, President and CEO of ADA Business Innovation Group. “Our unique combination of AI technology and ADAPT Advisers has already served more than 5,500 dentists since our national launch in Q4 2020.”
The winning organizations receive a variety of honors including the opportunity to ring the Nasdaq Bell in New York City, and meetings with the Mayor of Chicago, Governor of Illinois and Cook County President.
“425 organizations nominated for this year’s awards,” said Luke Tanen, President and CEO of Chicago Innovation. “As a group, these nominees are responsible for generating over $19 billion in new revenues, 22,807 new jobs, and 340 patents from their nominated new products and services. The winners represent the best from this very impressive group.”
The complete list of this year’s Chicago Innovation Award winners can be found at www.chicagoinnovation.com.
The Chicago Innovation Awards are supported by Diamond Sponsors Wintrust, Accenture, SMS Assist, and Walgreens, along with Gold Sponsors Comcast Business and Exelon, and other organizations.
About the ADA’s Practice Transitions
ADA Practice Transitions, a service of ADA Business Innovation Group, matches dentists who are looking to join a practice with owners who are seeking an associate or someone to purchase their practice. The service offers dentists the tools, information and support that is vital to the dental practice transitions process while facilitating matches based on a shared practice approach. Dentists receive training and transition support – all with a focus on allowing them to achieve their individual and mutual goals. ADA practice Transitions aims to support independent dentistry and, over time, improve access to oral care across the U.S. Visit ADAPracticeTransitions.com for more information.