You Should Know:
Gaidge Practice Metrics
by Benjamin Lund, Editor, Orthotown Magazine
Orthotown talks to Marla Merritt, director of sales and marketing, about Gaidge, a new product offered by OrthoBanc.
Tell our readers about Gaidge and what it provides
to orthodontists.
Merritt: Gaidge is an essential practice performance analysis
tool for doctors who understand you can only improve your
position by first knowing where you stand. Gaidge provides
the insight needed to make informed, strategic decisions without
complicated, manual, time-consuming processes.
Gaidge is a cloud-based monitor that has three major components.
First of all, we provide key practice management
information in brilliant charts and graphs. Gaidge is an easyto-
use framework that simplifies the process of collecting data.
We take this data and present it to the practice on a dashboard
that reveals a quick snapshot of how the practice is doing compared
to industry standards that have been set by some key
consultants. Beyond the dashboard, we also provide about 30
other charts which track practice performance in various areas.
Another important feature of Gaidge is our regional and
national comparison data. A practice can view its information
in comparison to regional and national industry trends for
forecasting and formulating an action plan on areas that need
improvement. Gaidge provides a current evaluation of what is
happening in the industry and how the practice stacks up.
Finally, Gaidge can be an invaluable resource for a practice
that needs to easily share data with a consultant. Our consultant
portal provides quick access to information which
creates a gateway of simple data exchange and can eliminate
hours of work for the practice and the consultant.
Gaidge is a partnership between practice consultant
Mary Beth Kirkpatrick, one of the owners of Impact 360
Consulting, and OrthoBanc, the premier risk analysis and
payment management solutions provider for the orthodontic
community.
What is OrthoBanc's background prior to Gaidge?
How did you get started in orthodontics?
Merritt: Before we began working with orthodontists,
most of OrthoBanc's management team (Bill Holt, president;
Tina Mead, director of operations; and myself, Marla Merritt,
director of sales and marketing) worked in the credit reporting
industry. Our company was an affiliate with Equifax, one
of the three leading credit reporting agencies, and we served
about 40 counties in South East Tennessee. During those
years we worked with many banks and other lenders to
develop risk management solutions. We brought this knowledge
and experience to the orthodontic industry when an
orthodontist in our area expressed a need for our expertise.
OrthoBanc began serving orthodontists in 2000. Since
that time, we have maintained consistent growth because we
continually look for new products that will serve the financial
needs of our customers. We currently work with more
than 3,000 practices helping them with the collection of
their monthly patient payments. We also provide credit recommendations
(ZACC – Zuelke Automated Credit Coach)
and collection services. Selling these products has put us in
the unique position of talking to practices about their concerns
with regard to treatment acceptance and collecting payments
for treatment.
In late 2011, OrthoBanc partnered with Impact 360 and
consultant Mary Beth Kirkpatrick to develop Gaidge. Mary
Beth came to us with an idea for a product that would
help practices monitor their performance, spot trends and
make adjustments. Her industry knowledge from years of
consulting with practices provided tremendous insight
into what the product needed to encompass. OrthoBanc's
programming team developed the Gaidge platform.
What is your philosophy at OrthoBanc? What is
your goal for Gaidge?
Merritt: Superior customer service is always top of mind
for OrthoBanc. We tell our team regularly to remember that
we are an extension of each practice that we serve. We always
try to live by the rule that we want to treat others the way
that we would like to be treated. We carry this philosophy
through for our customers, the orthodontic practices that we
serve, as well as their customers, the responsible parties that
we deal with daily.
Just as OrthoBanc has become the source for payment
management in this industry, it is our goal for Gaidge to
become the source for practice metrics. Gaidge is truly the
only source of daily performance monitoring to guide a practice
through tough economic times. Gaidge reveals what is
happening in the practice and is becoming the picture of
what is happening in the industry as well.
What would you consider to be the "best kept
secret" about Gaidge?
Merritt: Since Gaidge is so new, I don't think orthodontists
have grasped what this product can do for our industry. We
finally have a tool that can track real data on practices across the
country. We have the ability to store average treatment costs,
average time to completion, average number of new patient
phone calls, etc. Using this information, a practice can determine
how they stack up with their AAO region or even nationally.
How valuable would it be to a practice to know that the
average time to completion is four months shorter than that
practice's average? Wouldn't that make them reconsider the
products or methods they are using? What if a doctor knew
that his close ratio compared to new patient phone calls was
lower than the practice average in his area? Would that orthodontist
reconsider staff choices or processes? Gaidge can help
orthodontists spot trends in their practices and will give suggestions
for possible changes.
How can an orthodontist begin working with you?
Merritt: Gaidge is currently integrated with OrthoTrac
Office and Dolphin Management software. We are also
working with several other practice management software
companies so look for other integrations coming soon. If you
are currently on OrthoTrac Office version 11.3 or higher, or
Dolphin Management version 5.0.4638 or higher, contact
Gaidge today by calling 800-287-3396 or e-mail us at
marketing@gaidge.com.
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