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Ren Menon Aligns for Better Smiles

Ren Menon Aligns for Better Smiles

Ren Menon, OrthoFX CEO, brings new tech and time-honored compassion to the world of teeth alignment.

The human mouth has thirty-two teeth—a fact that has not changed much for several thousand years. But in 2016, Ren Menon, founder and CEO of OrthoFX, found a way to tap into the rapid tech evolution to offer new methods for beautifying even the oldest truths of teeth.

 His systems for dental alignment focus on improving smiles with less pain, easier access, and more support.“I’m a logical thinker,”Menon says. “I like to break down issues to create actionability and then deliver on an action plan. You need the idea and the execution.”

Working with metadata analysis, observation, and observation of observations, Menon helped illuminate a core tenet for viability: “Doctors just wanted the product to work,” he says. While it sounds basic to prioritize efficacy in a predictable time frame, Menon knows how easy it is to get caught up in other aspects of development and allow them to take precedence if no clear plan exists.

In 2008, after several years with the company, Menon finished an MBA and a certificate in marketing and strategy management. He transitioned to lead the Invisalign professional marketing department until 2012, when he shifted to global head of product and innovation.

Years of working in several areas of the alignment industry illuminated opportunities to provide better experiences for consumers. Building from lessons learned about meeting promises, Menon made a friendly break with Invisalign and founded OrthoFX. He positioned his new company to ride with the waves of tech development. “Experience is as important as function,” he says. While Menon and his team develop new materials and software to improve the aligners, a major focus at OrthoFX is redesigning patient experience. “It is a process that requires support mechanisms,” he says.

OrthoFX offers a standardized approach to the treatment experience. This means they work with hand-picked doctors that are not only clinically qualified but also have excellent bedside demeanor. “We have a fourteen-point checklist to onboard dentists,” Menon says. Patients can connect with doctors online, cutting down on the expense and challenge of face-to-face appointments.

OrthoFX’s value comes not only from streamlined doctor-patient communication but also from transparency in pricing. The CEO says that his company’s product currently runs at half the price of Invisalign due to the technology it uses as well as the fact that he believes in reasonable margin-taking, and has set his gross margin targets far lower than Invisalign’s 75 percent. Also, while doctors are integral to the OrthoFX experience, the company controls pricing to the patient, not the doctor, ensuring a comparable and competitive product for consumers.

“I’m a logical thinker. I like to break down issues to create actionability and then deliver on an action plan.”

Down the road, Menon sees his retainer liners as a platform not only for teeth straightening but also for wellness monitoring. Because the retainers are in constant contact with saliva, they can collect period-in-time data and provide biomarkers for health and wellness. For example, Menon says, they could monitor saliva for pH and help correct halitosis.

Along with big visions for future implementations, Menon uses his humility and systematic thinking to tackle a basic focus of new businesses: building awareness and trust. He knows that the market is huge and has space for multiple providers. Thus, he looks to help people understand why teeth straightening might be a priority in general.

And his efforts are paying off. In its first four months on the market, OrthoFX had a patient base of around one thousand people and a doctor panel of 170 spread over most major cities in the US. And this is just the beginning. Nearly seven hundred doctors sit on the waiting list and OrthoFX intends to service 750 locations in 2020. “There are 200,000 dentists in the US. We want to sell to 10 percent—the best 10 percent,” Menon says.

They are not limiting themselves to the US. With eighteen full-time staff in the US and a global base of a hundred, including overseas software development, OrthoFX is exploring the European market. Meanwhile, customer service support and manufacturing are scaling up in the US.

Menon can attest to the quality of OrthoFX’s product, considering himself not just the OrthoFX CEO, but also an OrthoFX research subject. Although “blessed with pretty good teeth,” Menon says, he does have “a bit of crowding on his lower jaw.” After OrthoFX’s proprietary no-pain aligner material went to human trial, he put his mouth where his money is and began wearing a retainer. So far, he reports, the results are good.

A Love for Two Kinds of Canines

Along with supportive, pain-free teeth alignment, Ren Menon has another passion: his “little dogs.”

Menon did not grow up with pets. Several years ago, he found himself bemusedly in love with a chihuahua, his first of several. Recognizing the difficulty in housing older dogs, Menon has adopted several senior canines.

It is not just the challenges of older dogs that motivates Menon. His wife, a physician at the VA, observes a problem at her practice: veterans sometimes do not seek care, especially mental healthcare, because no one can watch their dogs. With his knack for designing systems, Menon envisions a care center for dogs—a place where return service members can feel comfortable leaving their beloved companions while at appointments or in the hospital. Menon respects and wants to facilitate the “incredible experience of having a creature that offers such unselfish love.”

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OrthoFX Raises $13M Series A For New Dental Tech

OrthoFX Raises $13M Series A For New Dental Tech

The San Francisco-based company has developed a consumer-driven, dentist-delivered orthodontic and teeth-straightening service, as well as a doctor-friendly financial model.

 

OrthoFX CEO Ren Menon, former head of global product management and innovation at Invisalign, started the company three years ago with dental product experts Nichole Garcia and Henry Chan.SignalFire led the round with participation from Unusual VenturesShangBay Capital and Kairos. Including the Series A, the company has raised a total of $17 million, Menon told Crunchbase News. The total includes a $4 million seed round in 2018.

The funding will be invested in research and development, and to build out OrthoFX’s suite of hybrid digital and physical orthodontic services that include the user’s dentist, he said.

“The funding will reinforce our business model, which makes sure doctors aren’t bypassed,” Menon said. “COVID-19 has forced decades of change on the dental industry in a small amount of time. It has made us rethink how to deliver care.”

The OrthoFX treatment program received approval by the U.S. Food and Drug Administration in 2019, and starts at $2,950. It is generally covered by insurance. The process begins with a video visit with a patient’s dentist to determine if they are a candidate for the treatment. The user will snap photos of their teeth with their phone, and OrthoFX’s proprietary algorithm will show where improvements can be made. To ensure treatment compliance is being done, the company puts sensors on the aligner case and users continue to take photos of their teeth and engage with their dentist.

   OrthoFX aligner

To help patients who forget to wear their aligners daily, OrthoFX is unveiling a rescue aligner that enables a patient to get back on track within two to three weeks, Menon said.

Meanwhile, the company also created a financial model to help dentists who have been hit hard by the global pandemic, he said. Instead of sending a bill to the dentist who will then get payment from the user, OrthoFX takes on the credit and financing of the user and pays the dentist.

It’s a business innovation that has been appreciated by dentists and has resulted in an increase in new clients–in the past three months, inbound leads have increased by 300 percent, Menon said.

“We want to increase access to care, and with our hybrid model, we can provide remote care seamlessly with a doctor-in-the-loop approach,” he said

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Orthofx Hits Record Sales Growth In 2020 – Amidst Dental Industry Covid Impact

Orthofx Hits Record Sales Growth In 2020 – Amidst Dental Industry Covid Impact

FREMONT, CA – OrthoFX, the consumer/doctor focused clear aligner solution, continued record sales growth month over month not only in new case submissions, but also doctors signups in North America in 2020.

The company had a great year of growth, despite the COVID-19 pandemic, expanding tremendously in North America with 454 new practices and several DSO partnerships.

“This is an exciting time for OrthoFX. Our business is rapidly growing, and many dentists and orthodontic specialists have used our clear aligner solution and are excited to team up with a service focused platform addressing their needs and that of the modern consumer.  Our mission is to provide Affordable and Predictable treatments with the security of a face-to-face visit with a local doctor.” says President and OrthoFX co-founder Nichole Garcia. “For the dental practice owner, with offerings such as “Touchless Solutions” we provide enhanced revenue production and cash flow infusion into the practice immediately when the patient begins treatment”.

“After integrating OrthoFX into my practice in 2020, I have realized a substantial increase in new patient clear aligner starts. The patients have loved their treatment experience with predictable results.  I’ve been pleased with the concierge services OrthoFX provides as an extension of my own team.” Dr. Ryan Morrison DDS – Millard Family Dentistry – Omaha, Nebraska

In 2021, OrthoFX will continue to focus on increased growth and integration into dental and orthodontic offices as well as consumer awareness campaigns.

About OrthoFX

OrthoFX reimagines the approach to the end-to-end clear aligner experience through quality face-to-face doctor care, clear cut pricing and trusted results. OrthoFX is the first company to offer the convenience of comfortable, innovative clear aligners designed with proprietary material – FXTetra – which delivers 50% faster treatment. From the beginning of the straightening journey, OrthoFX provides a frictionless experience that supports patients every step along the way.

Founded by Ren Menon, former Head of Global Product Management & Innovation at Invisalign, Nichole Garcia, former General Manager at Align Technology and Philips Oral Care and Henry Chan, former Director of Research and Development at Invisalign. Together they bring expert insight into the next-generation of clean aligner experience and subscription platform with a passion to deliver straight teeth to everyone, everywhere.