Henry Schein One has acquired an 80% ownership position in Jarvis Analytics, which develops business analytics tools designed to help dental practices use data to diagnose problems, strengthen decision-making, and improve business performance.
Steven Maroulis, who founded Jarvis Analytics in 2017, will continue to manage the company and lead the Henry Schein One Dental Analytics business as executive director.
“This partnership further demonstrates our commitment to offer the latest advances in technology through Henry Schein One, making it possible for dental practices to improve nearly every aspect of their business management,” said Stanley M. Bergman, chairman of the board and CEO of Henry Schein.
“We look forward to a strong partnership with Jarvis that will enable dental teams to use data more effectively to build a better business,” Bergman said.
While dental practices store lots of data in their practice management systems, the companies said, as well as in their systems for patient relationship management, finance, marketing, and other areas, many of them do not consolidate and analyze this data.
Jarvis simplifies the collection of data from multiple sources and organizes it so the information can be presented in real-time reports, dashboards, and other methods, the companies said. Jarvis’ analytics tools also can help identify the impact that positive changes may have on projected revenue including hygiene recall, patient retention, case acceptance, and collection, the companies said.
“Data mining is the new vehicle for accelerating dental business growth. Dental practices that know how to use dental analytics to analyze their data can see what has happened, what is happening, and make informed decisions about the changes they should make to improve performance,” said Mike Baird, CEO of Henry Schein One.
“The addition of Jarvis Analytics means dental teams will benefit by having a trusted partner with the size and expertise of Henry Schein One to enhance and support their dental analytics solutions. With these insights, practice owners and dental management teams can make better decisions to improve efficiency, increase revenue, and maintain clinical excellence,” Baird said.
Jarvis Analytics will continue to be practice management system agnostic, working with more than 10 practice management systems including Dentrix, Dentrix Ascend, and Dentrix Enterprise. The company’s analytics tools eventually will be integrated into select Henry Schein One practice management systems, making it possible to deliver one digital workflow that simplifies management while improving business performance, the companies said.
“From day one, our vision has been to help dental practitioners turn practice management data into powerful insights. Our customers recognize the value of data analytics and have chosen to embed it into every layer of their business to drive operational efficiencies and growth,” said Maroulis.