By Regan Robertson, President & COO
“We are stronger together than we are alone.” ~ Walter Payton
Independent dentists can have a hard time competing with corporate entities. You have to lead your team, run your business, market your practice, strategically plan for the future, keep up on your CE credits, all while delivering exceptional care to patients.
One of the headaches independent dentists experience are supply costs. Did you know that the dental supply business is a $3-4 billion dollar market? And you know who’s paying that? Yep. You are. In fact, did you know that the average dental practice spends 6-6.5% of its total budget on supplies? While that may not seem like much, I once received advice from a CEO and man I admire greatly. He is successfully running a global business with over $100 million in revenue annually.
Of all the tactics that got him to success, he said paying attention to every expense was key to growing a thriving, healthy business. You get what you focus on, and even if it’s a penny, it’s a penny saved. Make each purchase intentional. With that intention, you now have the choice to invest in more team training, bonuses, new technology, or more.
As you probably know, at Productive Dentist Academy our goal is to help every entrepreneurial dentist become a productive dentist. Part of the way we help independent dentists stay productive is by aligning with other companies who share our vision. Recently, we were introduced to IndepenDENT Dental Solutions who share our vision to help private practice dentists not only survive, but thrive.
What If Independent Dentists Banded Together?
What if independent dentists came together to form a Group Purchasing Organization that lowered the costs of dental supplies? That’s what IndepenDENT Dental Solutions (IDS) is doing! By leveraging the power of many independent dentists, IDS has negotiated lower prices and special offers with suppliers. Take a look below at some of the benefits to independent dentists who join IDS:
- Free membership
- 30-70% savings on specific supplies and capital equipment
- Savings increase as membership base grows
- Provide tools, solutions, etc. to support
- The operations and execution arm of the independent dentist (get the support of a corporate office while maintaining your independence)
- Locked in pricing for 12 months
- Full transparency on finances and new offerings
- Additional savings initiatives
Dentists who want to stay independent and profitable, you have a tribe of people with you to support you. Our main goal is to help you achieve success in your business so you can stay independent and productive and continue to lead your teams and serve your patients to the highest standards. Take control of your business, lower your expenses, and build the practice and life of your dreams. We are here to help.