Featured Articles In Category
How Focusing on Indirect Spend Reduction Can Help Boost Revenue for Your Dental Practice
Last year hit the dental industry hard — right in the bottom line, in fact. Sadly, the trends of increasing labor costs, staffing shortages, and high inflation are still making it difficult for practices to gain traction and keep their bottom lines healthy. Fortunately, one great way to improve your chances of achieving optimal profitability this year comes from applying a simple procurement technique to boost your cash flow — indirect spend management.
How Procurement can Stay Ahead during Exponential Growth Post M&A
When companies experience rapid growth through acquisition, it can be challenging for Procurement teams to keep up. Two such industries that have remained resilient in their M&A strategies in the aftermath the pandemic are healthcare and dental services. There are various types of healthcare organizations (HCO’s), from not-for-profit firms, government healthcare organizations (like the VA), and for-profit healthcare entities - these can all include hospitals, home-based healthcare entities, urgent care facilities and nursing homes, etc. Dental Services Organizations (DSO’s) on the other hand, are companies that acquire dental practices and take over their operations, marketing, and administration of the clinic offices (think Sonrava Heath and Heartland Dental). Typically, the for-profit HCO’s and DSO’s grow their businesses through mergers and acquisitions.
Grow Your ESG Strategy — Grow Your Dental Practice
Healthcare providers, including dentists, have seen a lot of changes in both patient care and business practices develop over the past few years, as post-pandemic disruptions continue to shine a light on changing societal values and norms. In response to these trends, many providers are showing an increased focus on environmental, social, and governance #ESG policies in an effort to help strengthen their practices and provide a higher, more conscientious level of patient care.
How Supplier Diversity Can Benefit Dental Practices and DSO's
Ethics have always been important to the #dental industry. In fact, research shows that 69% of people choose dental practices that are members of the American Dental Association (ADA) — an organization that promotes a strong ethical code. And, with a growing number of consumers choosing companies that put emphasis on #supplierdiversity strategies, #dentists are finding new ways to combine ethics with ways to improve care and make the world a better place.
Industry: Dental DSO's
How Focusing on Indirect Spend Reduction Can Help Boost Revenue for Your Dental Practice
Last year hit the dental industry hard — right in the bottom line, in fact. Sadly, the trends of increasing labor costs, staffing shortages, and high inflation are still making it difficult for practices to gain traction and keep their bottom lines healthy. Fortunately, one great way to improve your chances of achieving optimal profitability this year comes from applying a simple procurement technique to boost your cash flow — indirect spend management.
How Procurement can Stay Ahead during Exponential Growth Post M&A
When companies experience rapid growth through acquisition, it can be challenging for Procurement teams to keep up. Two such industries that have remained resilient in their M&A strategies in the aftermath the pandemic are healthcare and dental services. There are various types of healthcare organizations (HCO’s), from not-for-profit firms, government healthcare organizations (like the VA), and for-profit healthcare entities - these can all include hospitals, home-based healthcare entities, urgent care facilities and nursing homes, etc. Dental Services Organizations (DSO’s) on the other hand, are companies that acquire dental practices and take over their operations, marketing, and administration of the clinic offices (think Sonrava Heath and Heartland Dental). Typically, the for-profit HCO’s and DSO’s grow their businesses through mergers and acquisitions.
Grow Your ESG Strategy — Grow Your Dental Practice
Healthcare providers, including dentists, have seen a lot of changes in both patient care and business practices develop over the past few years, as post-pandemic disruptions continue to shine a light on changing societal values and norms. In response to these trends, many providers are showing an increased focus on environmental, social, and governance #ESG policies in an effort to help strengthen their practices and provide a higher, more conscientious level of patient care.
How Supplier Diversity Can Benefit Dental Practices and DSO's
Ethics have always been important to the #dental industry. In fact, research shows that 69% of people choose dental practices that are members of the American Dental Association (ADA) — an organization that promotes a strong ethical code. And, with a growing number of consumers choosing companies that put emphasis on #supplierdiversity strategies, #dentists are finding new ways to combine ethics with ways to improve care and make the world a better place.