Dentacoin, the Blockchain project known as one of the emerging trends in the dental industry, announced yet another important partnership. The next company joining the global Dentacoin partner network is Floss Bar – a New York-based company created by Eva Sadej in 2017 to make routine dental care easily accessible to everyone. Floss Bar was recognized and awarded by the prestigious App Idea Awards 2017.
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About Floss Bar
Floss Bar allows dental hygienists to freelance and schedule basic care – like cleaning, whitening, flossing, polishing – in the dental office where they now work, but in off-hours not used by the dentist. This is a win-win-win because the hygienists get extra work and income, the dentists create an additional revenue stream as they take a piece of the hygienists’ business, and the patients get access to affordable routine dental care at a time that fits their schedule best (no long waiting lists, no insurance required).
Similar to the mission of Dentacoin, making preventive dental care accessible to everyone stands at the core of Floss Bar.
A Harvard graduate and a former hedge fund analyst at the world’s largest hedge fund, Eva Sadej established Floss Bar after seeing as a customer how logistically complicated it was to get basic dental care.
Here is what she shared about the decision to implement Dentacoin and her vision on the cooperation.
How did you decide to implement Dentacoin?
Eva Sadej: We have been following blockchain technology closely and think the possibilities for business and society are revolutionary and we have been eager to see it integrated into the dental industry. We see Cryptocurrencies permeating into all parts of society and there are many interesting use cases within the dental industry. Our commitment is to allow patients to pay in the best way that works for them and being in NYC which has been a hotbed for crypto projects we felt it makes sense to give our patients that option. The dental market has been behind the curve when it comes to implementing new technologies and innovations and we are looking to change that.
Have you already presented Dentacoin to your patients?
Eva Sadej: We are looking to educate our leadership team on the platform and its use cases. Most of our patients and team have heard of bitcoin but there is still a steep learning curve for our dentists to become comfortable with this innovative payment method, but we are confident that they will see the value once properly informed. We are excited to be one of the first dental companies to be on the edge of innovation and supporting the healthcare community in understanding this powerful technology. We have plans to incorporate it as part of our product roadmap across Floss Bar website, marketing, outreach, and social channels like Facebook and Instagram. Part of being an early adopter is the role of educating both the providers and our patients, and leading by example.
How do you see the future cooperation between Floss Bar and Dentacoin?
Eva Sadej: Patients want a dental experience that is on par with modern affordable on-demand services they are accustomed to like Lyft, Drybar, AirBNB, whether they are insured or not. We feel that blockchain is a revolution democratizing healthcare. We see a world where the doctors and patients have a more direct connection and we can minimize the need for unnecessary fees and administrative costs from third-party administrators. We want to drive value to our patients and we want them to benefit by engaging with Floss Bar as their key, 5-star provider or preventative care and pipeline to advanced services by reputable dentists. And we are always seeking feedback on their contributions online, giving reviews and interacting with content. This new technology has the potential to have them benefit by spending their time at Floss Bar both in person and digitally, giving the gift of Oral Health Reimagined to their peers and family.
How do you estimate the future potential of the project?
Eva Sadej: There are over 130 million people that do not have access to oral health in the US – due to dentists being unavailable in their areas, as well as fear, time, and price. Getting care currently takes away from their work lives, prices increasing at 2x the inflation rate, and anxiety about drills and past negative experiences keeps they away. The dental market is dominated by legacy and disparate systems and practices have yet to create efficiencies through design, technology, innovation, and automation. The average practice is operating at less than 50% utilization. Basically, there are chairs in offices that are empty and there are patients that desperately need the care. This presents a tremendous opportunity. The 180k hygienists in the US are under-employed and we are the leaders in the preventive health revolution. We see the use of the latest technology, blockchain, and cryptocurrencies as the tools to tap into this ever growing market of healthcare.
Dentacoin is already implemented as means of payment at nineteen dental clinics around the world (in USA, Australia, UK, Italy, Hungary, Bulgaria, Serbia, Malaysia, Taiwan, Fiji, India, Pakistan) and more than 10 000 people are actively using the developed tools (Dentacoin Trusted Reviews, DentaVox Research Platform, Dentacare mobile app). Recently Dentacoin also announced strategic partnerships with Arklign, an end-to-end digital dental lab partner located in San Jose, California, and PCP Dental Recruitment, one of the fastest growing dental recruitment agencies in the UK. The currency cycle is closed.