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Learning Series - Ep 4 - Wasted supplies are killing your profits. 2 simple ways to fix it fast
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In this 4th episode of the Dental Whale Learning Series, John Stamper, Dr. Scott Luene and VP Russ Baker discuss the impact of wasting supplies on a dental practice's
profitability.
Dental practices typically spend between 8% to 9% of their collections on supplies, but Dental Whale practices spend less than 4% by enforcing a budget and
evaluating every choice, such as purchasing the right brand from the right source.
VP of Dental Whale Russ Baker emphasizes that a procurement platform can also help track and manage supply spending by streamlining the procurement process and eliminating the need to visit multiple websites.
Dr. Scott Luene coaches dentists to implement strategies to control their supply spend, which is typically one of the first things he helps them with as it's the easiest and quickest way to create $60,000 of profit every year.
By saving on these little daily things, practices can have more resources to purchase newer technologies and equipment, which can help them set themselves apart from other practices.
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