ADA Practice Transitions was recognized for its online matching platform designed to support digital transformation in the dental industry.
The winners were announced at this year’s event held on December 7. 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.
The winning organizations receive various 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.
“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.”
ADAPT was recognized for developing a national online matching platform that leverages artificial intelligence to match dentists 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. It is designed to help ensure long-term success for all involved and better dental care for patients and communities.
Backed by the American Dental Association, ADAPT helps independent dentists by making the process of entering or leaving a dental practice more predictable and successful.
“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 chief executive officer 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.”