You Should Know:
Einstein Medical/Dental
by Benjamin Lund, Editor,
Dentaltown Magazine
Dentaltown Magazine sat down with Chairman/CEO of Einstein Medical/Dental Robert C. Silkey. He told us all about the company and what you should know about them!
Robert, tell us a little about the history of Einstein
Medical. When did it start? What do you provide to
the dental profession?
Silkey: Einstein was incorporated on July 5, 1995. Our mission
statement is “We create exceptional business solutions for
cash-pay health care professionals.” We foresaw the migration of
physicians and dentist from reimbursed health care to cash-pay
health care in 1993. We started building the platforms that
would develop a national network of quality, like-minded entrepreneur
physicians and dentists that wanted to do more highend
cash-pay health care and simultaneously develop the marketing
platforms that would aggregate patients who wanted
these high-end cash-pay health-care services.
What is Einstein’s business philosophy?
Silkey: It might sound a little corny but we chose the name
Einstein because we want to work with the Einsteins of their
given area of expertise while providing innovation of cutting edge products and services with employees who strive to be
Einstein-like as well.
What’s different about your company now compared
to when you started?
Silkey: Obviously the size of the company; at our peak
we had 260 employees. Through our innovation of our software
development concomitant with streamlining our systems,
we are much more efficient than we ever have been.
The principles of the company however are the same: 1. Put
our customers first; 2. Genuinely care about their success; 3.
Provide exceptional products and services to grow the highend
cash-pay side of their practice; and 4. Provide the best
customer service in the space.
R&D has been a big deal for Einstein in the last few
years – what have you been working on?
Silkey: I believe one of the biggest differences of our
company to anyone that tries to compete with us is that we
have both a software and engineering department headed by
our CTO Sergiy Zubatiy, PhD, MBA. Dr. Zubatiy has been
with the company for more than 12 years. The learning curve
over the past 12 years has been extremely helpful to us as a
pioneer of cloud-based software development in health care.
Due to an early software development project, we now
have written very robust proprietary cloud-based software
solutions that we believe are going to change how our target
market looks at their website, SEO and social media development.
This suite of Internet software is comprised of
a propriety Content Management System (CMS) called
Lucid, our Photo Gallery Software to help with SEO and
patient conversion, Video Software that helps with SEO
and patient conversion and Blog Software that will simultaneously
post to all major social media sites. Our software
also provides solutions to help develop what we believe is
the most innovative multi-pronged approach to social
media through three software products called Social Beacon,
Social Broadcast and Social Magnet. In our bigger business
plan, our Customer Relations Software (CRM) called
PrePatient was developed to help practices covert more
high-end cash-pay patients in a maturing/commoditized
market. Our innovative patient financing strategy is also
anchored by an enterprise software solution that provides
cash-pay practices the most unique and revolutionary
approach to patient financing ever created.
What makes your company stand out from the
competition?
Silkey: First is our team. We have a team of employees
that really makes a difference for us across all departments.
Ted Ricasa, the president of Einstein, has been with me since
almost the beginning. Many of our employees have been here
eight to 15 years. As any business owner knows, keeping a
team together for this type of longevity provides a substantial
advantage in the market. I think the other factor is we are a
health-care company first. Our long-term mission is to be the
first company to dominate the cash-pay component of the
sector. We use the Internet platform, software development,
emerging technology and the most innovative ideas to help
with this mission.
Why should dental practices work with Einstein?
Silkey: One of the problems that all health-care providers
face is a lack of education of how the Internet really works
and what are the principles that make it work. We have a
much deeper understanding how the Internet works and how
we can provide long-term benefit and consulting to their
practice. Further, our two decades of proven success coupled
with our much larger and sophisticated business plan will
help them grow their high-end cash-pay practice, especially
given the fact that these practices find themselves in the
maturating/commoditized stage of the market.
Where do you see Einstein in five years?
Silkey: I think the market is going to see a completely different
company in five years. I believe our longevity with our
employees and client base coupled with all the technology
innovation that we posses give us a huge advantage in the
marketplace. As we reach the maturing to commoditized
stage of the supply and demand business cycle both for the
Internet and high-end cash-pay health care, it is imperative
that Internet companies and health-care providers create
product differentiation from their competitors. We believe
that we have this product differentiation from companies that
try to compete with us and we know that we provide unique
products and services that will position our practices
uniquely in their market while providing long-term growth
in the cash-pay component of the health-care sector.
For more information about Einstein Medical/Dental,
visit www.einsteinmedical.com.
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