Synergy Dental Partners
Redefining cost structures for dental practices
Synergy Dental Partners - better known as "Synergy" - is a
group purchasing organization co-founded in 2010 by Richard
Offutt, DDS, MS, and Mustafa Shah-Khan, DDS, for independent
dental practices. The idea was originated during the recession
when the co-founders recognized that smaller operators struggled
to remain profitable in the sluggish economy. Today, Synergy
remains committed to representing the interests of and reflecting
the voice of the independent dental practices to suppliers. In just
over two years, Synergy has saved its members approximately one
million dollars by negotiating discounts in the dental field.
The Concept
There are more than 130,000 independent dental practices
in the United States, and Synergy is modeled on the idea that
these smaller operators can maintain their independent practice
and leverage their combined purchasing power to achieve pricing
standards similar to what larger group dental practices obtain
from suppliers. The Synergy team structures cost savings agreements
with dental suppliers on behalf of the independent practice.
This approach helps the independent practice improve its
margins when better pricing might not otherwise be available.
Why It Works
Synergy is owned and operated by two dental practitioners
who, combined, have nearly 40 years experience operating independent
dental practices. The company leverages the buying
power of its members to negotiate discounts with dental suppliers
across the country. Members subsequently have peace of
mind knowing that Synergy is helping them procure supplies as
profitably as possible.
How It Works
Synergy is not a third-party distributor and does not inventory
or ship dental supplies. The company negotiates contracts
with suppliers so that its members can pay the same or less than
what larger group practices pay for the same supplies. Synergy
establishes discounts with selected dental partners. Members
order through Synergy's dental supply partners; the supplier
ships the products and invoices the Synergy member at the discounted
Synergy rate. There is no middleman, and members
work directly with Synergy's selected dental supply partners.
Synergy Dental Partners
Synergy chooses a single supplier for each product or service
to better manage supplier performance and establish clear
accountability. Synergy's established partners include:
- Darby Dental Supply - distributor of more than 90,000
dental supply products (average savings of 17 percent).
- KOMET USA - recognized worldwide in the production
of highly specialized, precise dental rotary instruments
(offering savings up to 60 percent).
- BioHorizons - dental implant products.
- Philips Sonicare - rechargeable toothbrushes (average
savings 17 percent).
Other partners include: Orascoptic, Dental Card Services
and Live Oak Bank.
Average Savings
Synergy members, on average, save between 17 and 60
percent on dental supplies when they purchase from Synergy's
dental supply partners. Synergy also
negotiates special promotions with its
suppliers during the year to benefit
its members.
Synergy Members
Membership in Synergy is available to licensed dental practitioners
for free and discounts on dental supplies are offered at
no additional cost and with no required contract.
For more information, call 888-810-2995 or visit
www.thesynergydentalpartners.com.
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