Thrive Certification Flashcards

1
Q

What happens if the client does not hit their 80% thrive commitment?

A

They will be removed and no longer eligible to receive Thrive Benefits

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2
Q

How does the 2% rebate work?

A
  1. The customer must meet their 80% consumable overhead spend commitment
  2. Their year-over-year supply spend must be above what it was last year
    Their 80% commitment is derived from their signed Thrive Service Agreement
    -New customers who meet their 80% commitment get a 2% rebate on all supplies purchased through Henry Schein
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3
Q

Example of 2% rebate

A
  • Customer meets their 80% commitment
  • 12-months (before Thrive) - $25,000
  • 12-months (after Thrive) - $40,000
  • +$15,000 Growth
  • 2% of $15,000 = $300 rebate (given in the form of a check)
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4
Q

Who is a Thrive target?

A

ANY private practice customer – existing or new – is a target for Thrive if they are not a current multi-site customer or a member of one of our Alternative Purchasing Channel (APC) partners

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5
Q

What are the Thrive KPIs

A

-Key Performance Indicators that quickly show key metrics for a dental practice – these include daily performance, analytics, and trends

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6
Q

A typical dashboard costs?

A

Ranges $300-$500 per month

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7
Q

What should be a practices reappointment rate

A

80-85%

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8
Q

A one dentist practice should typically see how many new patients per month?

A

25-30

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9
Q

What are the two most impactful KPIs

A

Patient not rescheduled and reschedule opportunity

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10
Q

How does the 2% rebate work for new thrive customers

A

Customers who meet their 80% commitment get a 2% rebate on all supplies purchased through henry schein

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11
Q

Currently Thrive KPI’s only work with what software?

A
  • Dentrix core
  • Open Dental
  • Eaglesoft
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12
Q

What is the membership cost for thrive?

A

1,000 per year

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13
Q

What are the thrive member benefits

A
  • Analytics package ($2,650 Value)
  • Thive App
  • Shipping included ($700 Value)
  • Equipment & Technology Certificate ($1,000 Value)
  • Premium Service ($900 Ave. Value)
  • Annual 2% rebate on incremental merch spend
  • Thrive Exclusive special Offers Across the complete HS portfolio ex. $,5000 discount on DBI tuition
  • First to know about limited-time or quantity inventory drops and product specials
  • Access to Thrive by Henry Schein events
  • Concierge team access—a dedicated team to help ensure a premier experience
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14
Q

Whats included in the Analytics Package benefits for thrive?

A
  • Free HSPA
  • Key Performance Indicators (KPIs) snapshots
  • You can continually monitor your success
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15
Q

Explain the Shipping Included benefit

A

Free shipping on merchandise orders over $199

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16
Q

Explain the Equipment & Technology Certificate benefit

A

Recieve a $1,000 certificate on one annual order over $20,000

17
Q

Explain the premium service Benefit

A
  • 20% service discount, an 18-month extended Labor Warranty and one Preventative Maintenance Service Call
  • Member-only service dispatch number for fast access to the concierge team
18
Q

What are the Thrive Plus benefits

A
  • A digital compliance binder
  • Dentrix profitability coaching
  • Unlimited access to online education, renowned dentists and the latest industry advancement
  • Additional benefits, continuously added dentists and the latest industry advancements