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Learning Series - Ep 5 - Why you should consider joining Other Practices for Buying Power
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In the 5th episode of the Dental Whale Learning Series, John Stanford interviews Steven Wingfield, President of Dental Whale about the benefits of using Group Purchasing Organizations (GPOs) in dentistry.
Steven Wingfield explains that GPOs allow independent businesses to leverage their purchasing power to receive better financial benefits and payment terms on products.
The Dental Whale Practice Group, consisting of 70 dental practices, uses
the Dental Whale purchasing platform to buy all their supplies, labs, and equipment
through the real breakaway purchasing methodology, allowing them to get the best
pricing and save costs.
They also discuss the importance of having a formulary in dental practices, which can help prevent overspending, keep inventory organized, and create a disciplined approach to spending. The formulary provides a range of choices without being overwhelming and can streamline the purchasing process.
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