Procurement Return on Investment

Discover how transforming your spend management can deliver radically improved financial returns.

We've reached an era where dentists can no longer depend on automatic growth. The modern dental practice is faced with mounting financial pressure due to stagnant reimbursement rates and increased competition for patients. Many organizations are operating with extremely high levels of overhead, which makes it challenging to grow profitably and drive results to the bottom line.

Does your practice know its overhead?

It’s probably more than you think. Noted dental economics expert Dr. Roger Levin, DDS indicates the average dental practice bears overhead expenses as 66% of its production*.

This means 66 cents of every dollar your practice makes goes towards funding business operations, including the purchase of equipment and supplies. Even the slightest reduction in overhead will yield an increase in profit for your practice without having to increase production.

*Levin, Roger P. “Data Bites: Dentists cut overhead in 2016.” Dentistry iQ, 13 Sept. 2017

How much money are you leaving on the table?

Use this simple calculator to find out how transforming your spend management activities can grow your bottom line without logging extra hours at the office.

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Savings to your bottom line:

$23,000

Added annual production:

$23,000

Send me the results:

Reduce your overhead for big financial returns

A disciplined and effective procurement process can yield significant financial returns. Method provides a platform to realize these results in your practice.

  • Negotiate discounts with suppliers and maximize your buying power using our cost analysis tool.
  • Hold suppliers accountable for promised pricing and price adjustments, credits, and promotions.
  • Reduce the volume and frequency of orders for supplies by implementing efficient inventory procedures.
  • Eliminate invoice inaccuracies by comparing products received for every purchase.
  • Improve the process of tracking credits for returned supplies.
  • Manage incidental charges through reduced freight or shipping costs as well as ancillary charges not negotiated up front.
  • Eliminate waste through tracking product expiration dates and preventing over-ordering and inaccurate ordering.
  • Reduce the administrative effort required to request, approve, order, track, receive and pay for products across all types of suppliers.