Yahoo Finance Henry Schein (HSIC) Introduces Treatment Planning Software
Henry Schein, Inc.’s HSIC orthodontics business, Henry Schein Orthodontics, recently launched the Studio Pro 4.0-- a web-based treatment planning software for Reveal Clear Aligners (Reveal). Henry Schein Orthodontics provides a variety of orthodontic products to dental markets all over the world.
Per Henry Schein Orthodontics’ management, Reveal is the clear solution that helps practitioners meet their patients' clear aligner demands. It features direct integrations with many leading intraoral scanners as well as direct connections with practice management software. Further, Reveal providers can personalize treatment plans with greater ease and control when reviewing and approving aligner cases owing to the added capability of the Studio Pro 4.0 platform.
Henry Schein Orthodontics will continue to provide full in-office support to Reveal providers, ensuring that consumers take full advantage of the benefits of a clear aligner workflow.
Few Words on Studio Pro 4.0
Studio Pro 4.0, linked to the DDX Case Management Portal, gives Reveal providers virtual setup tools to visualize, customize, and communicate treatment plans, intended to achieve predictable outcomes for clear aligner treatment planning. Based on considerable market research and feedback, practitioners of various skill levels can simply navigate through an intuitive interface, with over 25 novel features designed with clinicians in mind.
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Studio Pro 4.0 is a major step forward in terms of enhancing practitioners’ ability to design treatment. The software's graphic interface and ease of use make it much more readily available for patients to comprehend where they are in the course of the treatment and how things are progressing.
Industry Prospects
Per a report by Data Bridge Market Research published in PharmiWeb, the treatment planning software market is expected to see a CAGR of 7.9% during 2020 to 2027.The growing need for advanced and effective cancer treatments worldwide, the rising number of cancer patients, and the several benefits associated with software that is relatively more precise, fast, and efficient and provides improved care with the help of beam planning and automated calculations are expected to contribute to market growth.
Given the substantial market prospects, the recent launch of Henry Schein Orthodontics’ Studio Pro 4.0 treatment planning software seems well-timed.
Notable Developments
In June 2021, Henry Schein achieved a $53.4-million national stockpile contract from the U.S. Department of Health and Human Services (HHS). The contract terms require the company to provide storage and innovative logistic support for 80,000 pallets of personal protective equipment (PPE) and COVID-related products to healthcare professionals.
In May 2021, the company acquired a 70% ownership position in eAssist Dental Solutions (eAssist). This acquisition will assist the company in fulfilling its mission of providing best-of-breed solutions that help dental offices run more efficiently and profitably, allowing them to focus more on patient care.
Share Price Performance
The stock has underperformed its industry over the past year. It has grown 5.8% compared to the industry’s 9.2% growth
Zacks Rank and Key Picks
Currently, Henry Schein carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the broader medical space are Varex Imaging Corporation VREX, McKesson Corporation MCK and NextGen Healthcare, Inc. NXGN.
Varex, carrying a Zacks Rank #1 (Strong Buy), has a long-term earnings growth rate of 5%. The company surpassed earnings estimates in the trailing four quarters, delivering an average surprise of 115.3%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Varex has outperformed the industry it belongs to in the past year. VREX has gained 77.5% versus the industry’s 6.6% fall.
McKesson, carrying a Zacks Rank #2 (Buy), has a long-term earnings growth rate of 8.9%. The company surpassed earnings estimates in the trailing four quarters, delivering a surprise of 19.9%, on average.
McKesson has outperformed its industry over the past year. MCK has gained 20.2% versus the 9.2% industry rise.
NextGen, sporting a Zacks Rank #2, has a long-term earnings growth rate of 8.5%. The company surpassed earnings estimates in the trailing four quarters, delivering an average surprise of 16%.
NextGen has outperformed its industry over the past year. NXGN has declined 7.2% versus the industry’s 40.4% fall.
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