Acquisition aims to bolster distributor’s ability to provide unparalleled value to its customers by delivering a proven solution for optimizing revenue from both insurance and cash patients.
Benco Dental, the nation's foremost independent distributor of oral healthcare technology and supplies, has announced its strategic acquisition of PPO Profits, a leading dental practice solutions firm specializing in fee optimization and revenue cycle management. The terms of the deal have not been disclosed.
This acquisition is set to bolster Benco Dental's ability to provide unparalleled value to its customers through top-tier fee negotiations, credentialing services, and other revenue cycle management solutions.
Benco Dental will maintain PPO Profits as an independent entity, ensuring uninterrupted service for existing clients. Anna DuHamel, formerly the VP of Sales for Strategic Markets at Benco Dental, has taken on the role of Chief Business Officer at PPO Profits.
“In today’s healthcare business climate, it’s essential for dental practices committed to succeeding long-term to strike a spot-on balance between generating enhanced revenue and delivering remarkable value to patients,” says DuHamel in a press release. “Adding PPO Proﬁts to our portfolio allows us to immediately offer Benco Dental customers a proven solution for optimizing revenue from both insurance and cash patients.”
While Benco Dental has long provided a comprehensive suite of practice growth and development services, PPO Profits will remain a separate entity with its distinct mission. DuHamel explains. “PPO Profits has a very distinct mission that will compliment, but live separately from, services under umbrellas within Benco Dental like practice transitions, dental office design and IT,” she adds in the press release.
Founded by Vivek Kinra, PPO Profits emerged from Kinra's 2-decade corporate background and his desire to play a more active role in his wife's startup dental practice. This led to the establishment of PPO Profits, with a mission to enhance the profitability of dental offices contracted with PPOs. Initially concentrating on fee negotiations and credentialing, the company quickly expanded into billing and claims processing, as well as in-office membership plans. In just 5 years, PPO Profits grew into a national service provider, serving thousands of dentists nationwide with a workforce of 70 full-time professionals and achieving an impressive 50% year-over-year revenue growth.
Customers interested in learning more about PPO Profits can register for free weekly webinars or reach out via email.
“I connected with Benco Dental immediately and saw firsthand how they value their employees and customers. As a family-owned and customer-focused company rooted in the dental industry for decades, Benco Dental is the ideal organization to seamlessly assume the mission of PPO Profits,” Kinra states in the press release. “With Benco’s considerable resources, support, and leadership, I am confident that PPO Profits will be better equipped to serve dentists and assist them with all things dental insurance. I am psyched about the future and this next phase of the company and am super excited to support the growth in a consulting capacity.”
Benco Dental is dedicated to Driving Dentistry Forward® through innovative solutions and a caring family culture. Pioneering industry firsts include Painless® electronic ordering, automated supply management, BluChip® customer loyalty rewards, CenterPoint design/equipment superstores, and OneVisitTM open architecture CAD/CAM technology. As an independent company since 1930, Benco Dental boasts over 1,400 dedicated associates serving customers nationwide, including 400+ sales representatives and 300+ factory-trained service technicians.