Dental practices face many challenges when it comes to sustaining and growing profitability in today’s environment. With stagnant reimbursement rates and rising labor costs, dental practice owners are feeling the squeeze more now than ever before. Traditional methods aimed at growing production fail to deliver when operatories are full and staff are overworked. If discovering new paths to profit is a goal, then practices should turn to improved procurement as an often untapped opportunity.
Join Dan Traub, VP of Product at Method Procurement, as he shares how a strong spend management strategy can be the engine that powers profits for practices of all sizes. You’ll learn how to leverage supplier relationships to drive new value from your spend. Dan will teach proven methods to elevate how you manage supplies and services, monitor and adhere to a budget, and create a process that everyone on the team can follow with ease. With an optimized approach to end-to-end procurement, dental practices can unlock new profit sources hidden in plain sight.
Educational Objectives:
- Understand the concept of spend management and how it drives profitability.
- Learn the fundamental steps in an effective procurement process, including inventory, sourcing, and settlement.
- Describe the difference between Cost Reduction and Cost Avoidance, and techniques to deliver results with each.
- Develop a working knowledge of managerial controls and financial metrics related to spend.
- Understand available tools and tips for improving your team’s procurement efficiency.
Educational Support Provided By: Method Procurement, LLC.
Course Includes
- 1 Lesson
- 1 Test
- Course Certificate
CE credit(s):
Course Type: On-Demand Webinar
Published Date:
This continuing education (CE) activity was developed by Endeavor Business Media with no commercial support.
This course was written for dentists, dental hygienists, and dental assistants, from novice to skilled.
Educational methods: This course is a self-instructional journal and web activity.
Provider disclosure: Endeavor Business Media neither has a leadership position nor a commercial interest in any products or services discussed or shared in this educational activity. No manufacturer or third party had any input in the development of the course content.
Requirements for successful completion: To obtain CE credits for this educational activity, you must pay the required fee, review the material, complete the course evaluation, and obtain an exam score of 70% or higher.
CE planner disclosure: Laura Winfield, Endeavor Business Media dental group CE coordinator, neither has a leadership nor commercial interest with the products or services discussed in this educational activity. Ms. Winfield can be reached at lwinfield@endeavorb2b.com.
Educational disclaimer: Completing a single continuing education course does not provide enough information to result in the participant being an expert in the field related to the course topic. It is a combination of many educational courses and clinical experience that allows the participant to develop skills and expertise.
Image authenticity statement: The images in this educational activity have not been altered.
Scientific integrity statement: Information shared in this CE course is developed from clinical research and represents the most current information available from evidence-based dentistry.
Known benefits and limitations of the data: The information presented in this educational activity is derived from the data and information contained in the reference section.
Registration: The cost of this CE course is Expired for CE credits.
Cancellation and refund policy: Any participant who is not 100% satisfied with this course can request a full refund by contacting Endeavor Business Media in writing.
Provider information:
Dental Board of California: Provider RP5933. Course registration number CA code: 01-5933-20095. Expires . “This course meets the Dental Board of California’s requirements for units of continuing education.”
Endeavor Business Media is a nationally approved PACE program provider for FAGD/MAGD credit.
Approval does not imply acceptance by any regulatory authority or AGD endorsement.
11/1/2022 to 10/31/2024.
Provider ID# 320452
AGD code:
Endeavor Business Media is designated as an approved Provider by the American Academy of Dental Hygiene, Inc. #AADHPNW (January 1, 2022–December 31, 2024). Approval does not imply acceptance by a state or provincial Board of Dentistry. Licensee should maintain this document in the event of an audit. AADH code:
Endeavor Business Media is an ADA CERP–recognized provider.
ADA CERP is a service of the American Dental Association to assist dental professionals in identifying quality providers of dental continuing education. ADA CERP does not approve or endorse individual courses or instructors, nor does it imply acceptance of credit hours by boards of dentistry.
Concerns or complaints about a CE provider may be directed to the provider or to CERP at ada.org/goto/cerp.
