This is a transformative moment for the healthcare sector generally and dental services in particular. In the past year, millions of people lost access to employer-sponsored health insurance, joining a rapidly expanding cohort of gig and contract workers looking for alternative ways to attain affordable health and dental services.
As a result, the number of dental appointments is declining, making it more difficult for dental service organizations (DSOs) to maintain business continuity in a changing environment.
That’s why membersy is hard at work supporting the growing demand for subscription commerce for dentistry, developing and maturing a subscription management and billing platform that delivers unrivaled results to innovative dental brands.
Now, we are advancing those initiatives with the appointment of payments veteran Jason Howard to our Board of Directors. Howard, an executive vice president at Mastercard, is a recognized business leader with more than 20 years of experience across the payment industry.
His business and leadership expertise will support membersy’s efforts to empower more people with democratized access to quality dental care through subscription-based payment options. Specifically, Howard’s expertise in modernizing payment methodologies will support membersy’s efforts to update existing dental sector payment models by introducing and expanding subscription-based payment options.
“I’m honored to join membersy’s board, and I look forward to the opportunity to help guide the company’s important work to transform the dental industry’s existing payment methodologies and provide more people with access to affordable, quality dental care through subscription-based payment options,” said Howard.
Before joining membersy’s Board of Directors, Howard served in high-level leadership positions across several companies, including Tango Health and AllClear ID. In addition, Howard previously served as EVP, Global Head of Sales and Customer Success at the Spectrum Equity-backed company, Ethoca, which Mastercard acquired in 2019.
Howard’s board appointment comes at a time of accelerated growth for membersy, which recently raised $66 million in a Series B funding round led by Spectrum Equity and added several additional board members, enhancing the board’s diverse industry backgrounds and experiences to lead the company’s next stage of growth.
Expanding access to dental services is especially critical at this transitional time. The United States Census Bureau notes that adults ages 19 to 34 are most likely to be uninsured, leading more than 25 percent of adults 20-44 to live with untreated dental treatment needs, and more than one-third of adults over 18 haven’t had a dental appointment in the past year. Similarly, nearly 50 percent of Americans over 65 lack access to dental insurance, forcing many to forgo annual dental care treatments, negatively impacting their dental health and overall well-being.
To support these urgent shortcomings, many large DSOs, including Heartland Dental, Smile Brands Inc., MB2 Dental, NADG, and many more, are adopting subscription-based payment options.
Recent financial investments and board member additions will help membersy accelerate and enhance these offerings, improving dental care for practices and patients alike.