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OrthoSynetics: An Experienced Partner

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Information about OrthoSynetics: An Experienced Partner

Published on September 24, 2007

Author: orthosynetics

Source: slideshare.net

Description

OrthoSynetics™ has provided support services to help build successful orthodontic practices for more than 15 years.
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What’s In a Name? Symbolizes our dedication to the Orthodontic profession and the synergies that we leverage between patient, doctor, supplier and our organization. TM

Symbolizes our dedication to the Orthodontic profession and the synergies that we leverage between patient, doctor, supplier and our organization.

An Experienced Partner OrthoSynetics™ has provided support services to help build successful orthodontic practices for more than 15 years. Headquarted in Metairie, Louisiana Offices in Dallas, Orlando and Atlanta More than 120 Employees More than 150 Doctors and 350 offices

OrthoSynetics™ has provided support services to help build successful orthodontic practices for more than 15 years.

Headquarted in Metairie, Louisiana

Offices in Dallas, Orlando and Atlanta

More than 120 Employees

More than 150 Doctors and 350 offices

What We Provide Our suite of business services relieves you of the day-to-day burdens of operating a practice: Marketing/Advertising Practice Enhancement Services Human Resources Information Technology Systems & Support Financial Reporting Purchasing Patient Financial Services

Marketing/Advertising

Practice Enhancement Services

Human Resources

Information Technology Systems & Support

Financial Reporting

Purchasing

Patient Financial Services

You Retain Control You retain control of your practice We help you grow starts We help make your practice more efficient Giving you growth with a better lifestyle OrthoSynetics™ allows you to be a doctor … to serve your patients while we help manage your practice.

You retain control of your practice

We help you grow starts

We help make your practice more efficient

Giving you growth with a better lifestyle

Building Your Practice OrthoSynetics™ helps you: Focus on patients. Increase your starts. Improve efficiencies. Reduce your stress .

OrthoSynetics™ helps you:

Focus on patients.

Increase your starts.

Improve efficiencies.

Reduce your stress .

Dr. Sheila Birth; Ft. Worth, TX: “ When I joined OrthoSynetics about ten years ago, my practice was doing $2 million, but today, we’re on track to make more than $10 million. OrthoSynetics showed me how to run the business and how to run it more efficiently.   “ Prior to OrthoSynetics, we had a smaller payroll, a smaller office and were making less money – but were spending a lot of extra time on things like human resources, accounts payable, payroll, working on our 401k and paying bills. Now, I can concentrate on more on being a doctor and treating my patients, instead of spending a lot of my time on those other issues.”   Building Your Practice: In Their Own Words

Industry Analysis Marketing/Driving Starts Starts Down Industry Wide Human Resources High Staff Turnover Execution Expertise We don’t just advise … we implement

Marketing/Driving Starts

Starts Down Industry Wide

Human Resources

High Staff Turnover

Execution Expertise

We don’t just advise … we implement

Driving Starts: Industry Trends Orthodontic industry starts have been down 5 years in a row . Dentists entering less evasive side of orthodontics Referrals are down Trends are projected to continue

Orthodontic industry starts have been down 5 years in a row .

Dentists entering less evasive side of orthodontics

Referrals are down

Trends are projected to continue

OrthoSynetics practices are driving new starts with an increased margin. Driving Starts: Beating the Trends Averaging 17 new starts each month. Industry case starts average $4850 Industry achieves 50% case margin OrthoSynetics doctors achieve 60% case margin Practices spending 4.5% of revenues on marketing are growing revenues and profits.

Averaging 17 new starts each month.

Industry case starts average $4850

Industry achieves 50% case margin

OrthoSynetics doctors achieve 60% case margin

Practices spending 4.5% of revenues on marketing are

growing revenues and profits.

A full suite of marketing services to help you drive starts: Marketing & Advertising Mass Media Campaigns Brand Development Website Development Targeted Mailers Referral Programs

A full suite of marketing services to help you drive starts:

Mass Media Campaigns

Brand Development

Website Development

Targeted Mailers

Referral Programs

Marketing & Advertising: Television Commercials

Marketing & Advertising: Web Site Development

Marketing & Advertising: Direct Mail/Print Materials

Dr. Raj Angolkar, Seattle, WA: “ I’ve been with OrthoSynetics for about ten years, and over that time, the company’s innovative marketing services – especially television advertising – helped fueled my practice’s growth.    “ The company’s use of direct marketing has definitely helped bring patients through the door – and as they continue to innovate their marketing, it will help even more.  I look forward to growing with them into the future.”     Marketing & Advertising In Their Own Words

Practice Enhancement Services Works with you and your staff to achieve practice goals Reviews office financials/practice procedures Provides operational guidance Annual practice planning and goal setting sessions Practice scheduling analysis and monitoring New patient production analysis Assistance with staffing issues Office manager training and development A Practice Enhancement Consultant is assigned to each affiliated practice:

Works with you and your staff to achieve practice goals

Reviews office financials/practice procedures

Provides operational guidance

Annual practice planning and goal setting sessions

Practice scheduling analysis and monitoring

New patient production analysis

Assistance with staffing issues

Office manager training and development

Industry-wide, the average ortho office has 100% turnover every 2 years. Biggest challenge: Hiring and retaining good staff. Second challenge: Keeping staff motivated OrthoSynetics works with doctors to reduce turnover, improve staff satisfaction Human Resources

Industry-wide, the average ortho office has 100% turnover every 2 years.

Biggest challenge: Hiring and retaining

good staff.

Second challenge: Keeping staff motivated

OrthoSynetics works with doctors to reduce

turnover, improve staff satisfaction

OrthoSynetics™ simplifies your Human Resources, providing: Human Resources Administration & management of benefit plans Federal, state, and local payroll tax filings Annual W-2 and 1099 processing Employee direct deposit programs Biometric time keeping and control systems Employee wage management and review tracking Unemployment claims management Employee Written Policies & Procedures Manual Worker's compensation claims processing New hire process- verification, orientation & set up Labor law compliance postings

Administration & management of benefit plans

Federal, state, and local payroll tax filings

Annual W-2 and 1099 processing

Employee direct deposit programs

Biometric time keeping and control systems

Employee wage management and review tracking

Unemployment claims management

Employee Written Policies & Procedures Manual

Worker's compensation claims processing

New hire process- verification, orientation & set up

Labor law compliance postings

We are the ONLY company offering full service business solutions to be successful in today’s changing business climate: Execution Expertise Marketing Human Resources/Staffing Practice Development Technology – Software, Hardware, Infrastructure Purchasing Accounting, Accounts Payable, Cash Management Facility Management Patient Financial Services – Billing, Insurance Claims, Collections

Marketing

Human Resources/Staffing

Practice Development

Technology – Software, Hardware, Infrastructure

Purchasing

Accounting, Accounts Payable, Cash Management

Facility Management

Patient Financial Services – Billing, Insurance

Claims, Collections

Affiliated w/ Mgmt. Company Not Affiliated # Years in Practice 23 19 # Satellite Offices 1.6 .6 Full Time Employees 6.9 5.2 Total Referrals 419.1 336.6 Case Starts 341.5 226.0 Active Treatment Cases 894.4 523.6 Total Chairs 9.0 6.8 Patients per day 68.2 50.5 Gross Income $1,132k $909k Net Income $514K $418k* JCO Survey, 2005 Practices More Successful

Affiliated w/

Mgmt. Company Not Affiliated

# Years in Practice 23 19

# Satellite Offices 1.6 .6

Full Time Employees 6.9 5.2

Total Referrals 419.1 336.6

Case Starts 341.5 226.0

Active Treatment Cases 894.4 523.6

Total Chairs 9.0 6.8

Patients per day 68.2 50.5

Gross Income $1,132k $909k

Net Income $514K $418k*

Providing you with the expertise and services to be successful in today’s changing business climate Your “One Stop Shop” for helping your run your practice Leaving you in control of your practice Helping you live a Better Lifestyle OrthoSynetics™

Providing you with the expertise and services to be

successful in today’s changing business climate

Your “One Stop Shop” for helping your run your

practice

Leaving you in control of your practice

Helping you live a Better Lifestyle

OrthoSynetics™: In Their Own Words Dr. Bill Pickard, Fayetteville, AR: “ OrthoSynetics has completely transformed my practice. Between 2002 (the last year before I joined OrthoSynetics) and now, our production increased 1,000%, our collections increased 900%, and my personal income increased 1100%. “ Nothing else changed – not the orthodontist, not the staff, not the city and not the locations. The only thing that changed in my practice life is OrthoSynetics. “ Period.”

Can I take you through the agreement? … Let us Do the Rest. Shall I Walk You Through the Agreement? Your Passion is Patient Care …

 

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