Provides Outsourced Digital Dental Billing Platform to a Rising Portfolio of Worth-Added Companies to Assist Improve Observe Profitability
Henry Schein, Inc. (Nasdaq: HSIC), the world’s largest supplier of well being care options to office-based dental and medical practitioners, introduced at the moment that it has acquired a 70% possession place in eAssist Dental Options (eAssist), the developer of a number one and fast-growing digital dental billing outsourcing service that can advance the Firm’s mission to supply best-of-breed options to assist dental practices function extra effectively and profitably, liberating up follow assets to give attention to affected person care.
To be taught extra, go to eAssist on-line at https://dentalbilling.com/.
Headquartered in American Fork, UT, eAssist was based in 2011 by James Anderson, DMD, and Sandy Odle to help with billing challenges in his dental practices. Dr. Anderson will proceed to handle the eAssist enterprise as Chief Government Officer, together with the present eAssist administration crew. In 2020, eAssist had gross sales of roughly $31 million. Henry Schein expects that eAssist can be barely dilutive to the Firm’s 2021 monetary outcomes and to be accretive thereafter. Monetary phrases weren’t disclosed.
“Henry Schein has a long-standing dedication to supporting dental follow progress, effectivity, and profitability by our complete providing of options,” stated Stanley M. Bergman, Chairman of the Board and Chief Government Officer of Henry Schein. “We’re delighted so as to add eAssist to our main portfolio of value-added companies, which is able to assist our prospects enhance their vital insurance coverage and billing features so dental groups can give attention to delivering high quality affected person care. We welcome our new colleagues to Crew Schein and stay up for continued success collectively.”
eAssist makes use of a mixture of expertise and human experience to offer outsourced insurance coverage billing companies to dental practices, serving to practices to free-up assets to give attention to affected person care and scientific outcomes. By enhancing collections processes, eAssist permits dental practices to simplify operations and cut back stress associated to cashflow.
“By addressing the essential subject of collections, we not solely develop our value-added companies, but in addition strengthen our relationship as a trusted advisor to our prospects,” stated Jonathan Koch, Senior Vice President and CEO, Henry Schein International Dental Group. “eAssist will assist practices improve money circulate from well timed collections and extra correct claims submissions and processing.”
eAssist is presently designed to assist dental practices of all sizes by expertise supported by a community of dental billing professionals. Along with its core dental billing service, newer choices from eAssist embody securing detailed affected person eligibility data, billing sure dental procedures by medical insurance coverage, and follow bookkeeping.
“Henry Schein represents an distinctive and complementary cultural match as a accomplice for eAssist,” stated Dr. Anderson. “By way of new and highly effective gross sales, advertising, and expertise assets, we anticipate to deliver the myriad of advantages from eAssist’s technology-powered service choices to many extra dental practices. Henry Schein has a transparent dedication to advancing dental follow effectivity and profitability, and we consider they’re the correct accomplice to assist us assist much more dentists succeed.”
About Henry Schein, Inc.
Henry Schein, Inc. (Nasdaq: HSIC) is a options firm for well being care professionals powered by a community of individuals and expertise. With greater than 20,000 Team Schein Members worldwide, the Firm’s community of trusted advisors offers greater than 1 million prospects globally with greater than 300 valued options that enhance operational success and scientific outcomes. Our Enterprise, Medical, Expertise, and Provide Chain options assist office-based dental and medical practitioners work extra effectively to allow them to present high quality care extra successfully. These options additionally assist dental laboratories, government and institutional healthcare clinics, in addition to different alternate care websites.
Henry Schein operates by a centralized and automatic distribution community, with a collection of greater than 120,000 branded merchandise and Henry Schein private-brand merchandise in inventory, in addition to greater than 180,000 extra merchandise out there as special-order objects.
A FORTUNE 500 Firm and a member of the S&P 500® index, Henry Schein is headquartered in Melville, N.Y., and has operations or associates in 31 nations. The Firm’s gross sales from persevering with operations reached $10.1 billion in 2020, and have grown at a compound annual fee of roughly 12 p.c since Henry Schein turned a public firm in 1995.
For extra data, go to Henry Schein at www.henryschein.com, Facebook.com/HenrySchein, and @HenrySchein on Twitter.
About eAssist Dental Options
eAssist Dental Options is the nation’s main supplier of remote dental billing and patient billing services for dental places of work. The greater than 1,200 eAssist team members serve over 2,000 dental practices by proprietary expertise platforms that improve a dental follow’s revenue cycle management. The corporate’s end-to-end answer eases the burden on workplace employees, finally serving to practices be extra environment friendly, worthwhile and patient-focused.
To be taught extra, go to eAssist on-line at: www.dentalbilling.com, Facebook.com/eAssistMe, and @eAssist.me on Instagram.
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