Challenge

Grow sales for Henry Schein Practice Analysis, a detailed report which identifies solutions for dentists to grow their practice revenue and meet their professional goals.

Solution

Henry Schein’s Business Solutions Division partnered with us, whose software and services improve business decisions by making it easy to understand how customers make choices. Using the integrated survey platform, Henry Schein’s team easily gathered real-time insights about what’s most important to their customers and how they choose between competitors. Intuitive data visualization quickly lead to decisions aligned with their customer needs.

Key Insights to Drive Actions

Henry Schein wanted to grow sales of the Practice Analysis because dentists who utilize the report are more loyal customers and purchase more products. Those dentists also experience an average $90,000 increase in their yearly production. Through our vLens and Heat Map visualizations, they learned the reputation of the Henry Schein Practice Analysis had higher brand awareness than expected, but several growth opportunities were revealed.

The most important drivers of dentists’ decision to purchase the Practice Analysis were the ability to attract and retain patients, trustworthiness and accuracy of the recommendations, and immediately actionable results.

However, dentists’ perceived their greatest area of improvement for their practice was new patient flow, a focus not currently included within the Practice Analysis.

It was also interesting that only 66% of dentists who had a Practice Analysis in the past said they’d consider another in the future, signaling
an opportunity to do a better job at communicating the value the results bring to the practice. In fact, “guaranteed results” were considered an unmet customer need, representing an opportunity for Henry Schein to message the effectiveness and ROI of their service in order to improve their competitive advantage.

Results

High brand awareness indicated that Henry Schein’s Field Sales Consultants were talking about the Practice Analysis but needed support in closing the sale. In other words, dentists are aware of the Practice Analysis, but they do not fully understand how it will help them grow their practice. With this in mind, the team is using the insights they gained to improve sales and marketing strategies to better message the usefulness of the recommendations and the potential value to the practice. To fulfill unmet customer needs, the team acted immediately to implement a section of the practice analysis dedicated to attracting new patients. They are also implementing training for their Field Sales Consultants to further increase the effectiveness of their recommendations and how they communicate specific actions to maximize revenue per patient.

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