Save Big on Your Practice’s Supplies Without Changing a Thing w/ Darren Morris

A big part of practice success is keeping costs and expenses under control. If you don’t, they can eat into your margins and eventually hurt your bottom line.In today’s episode, I am joined by Darren Morris, a cost-saving expert from Schooley Mitchell. They help businesses find significant savings from their existing vendor relationships.We are not talking about just a few dollars here and there; we are looking at enough money to pay for vacation.Most importantly, these savings on essential supplies and services will not compromise the quality of care. It’s not looking for the cheapest products but leveraging strategic negotiation tactics and market knowledge to optimize expenses.Darren shared compelling examples of how Schooley Mitchell has helped orthodontic practices achieve substantial savings. Imagine saving 30% or more on brackets and wires or securing significant discounts on lab fees. These savings translate directly to a healthier bottom line for your practice.Tune in to learn more!Key TakeawaysIntroduction (00:00)Darren's background and career path (02:03)Examples of cost savings in various sectors 05:38)Leveraging vendor relationships (07:42)Specific savings in orthodontics (10:01)Schooley Mitchell's negotiation strategies (13:21)Importance of asking the right questions in negotiations (18:07)The role of data in vendor negotiations (22:55)Schooley Mitchell's fee structure (33:59)Additional Resources- Schooley Mitchell Website: https://www.schooleymitchell.com/- Darren Morris Email: darren.morris@schooleymitchell.com- Register for the OrthoPreneurs Summit at Sea (2024): https://opsummitatsea.com/- For more information, visit: https://orthopreneurs.com/- Join our FREE Facebook group here: https://www.facebook.com/groups/OrthoPreneurs