Hygiene Consultants recommend giving Optional Financing to Your Patients

Unlike many luxury items, routine dental care is necessary whether you have the money to pay for it or not. More than 108 million adults and children in the U.S. lack dental insurance, according to Oral Health in America: A Report of the Surgeon General. However, those without dental insurance aren’t the only ones struggling to afford dental care. The current economic strains are making it difficult for those with dental insurance to afford their deductibles. And with rampant layoffs around the U.S., some have postponed trips to the dentist to avoid missing work and risk becoming more of a target for future employee cuts. As Hygiene Consultants we know how important it is to attract new business to your dental practice. As you shape your patient base, you rise with more earning potential. While attracting new business is significant, keeping your existing patients is just as essential. Patient loyalty will earn you currency over time thus, saving your practice money on your monthly marketing ingenuity. There are a number of different ways dentist can increase customer loyalty. Your practice can begin by being compassionate and understanding and move on to offering financing plans for your patients who need treatments that are not covered by their insurance. If you have been evaluating whether or not you should offer other treatment financing, review the benefits and make the right choice for the success of your office. One reason so many people postpone dental care in particular is due to a lack of dental insurance.

Broaden Your Financing to Serve More Patients

You will accumulate more patients by allowing a financing option. Customers value the option to finance their health care payments when you think about the alternative to suffer and wait until they have saved enough money. This appreciation will shine through when they refer their friends and family to you. With customer retention and more referrals, you will serve even more patients without even needing to expand your marketing effort. Not only will you generate new business, you will also learn how to keep the patients who have been with you for years. As you receive new patients, you will watch your revenues increase says Hygiene Consultants. Your office is just about continually open during business hours. One of the main goals in a dentist office is to fill up scheduling so that each hour is accounted for. Every hour you are at the practice, you will want to have a patient scheduled. When you offer treatment financing, you will see how quickly your new patient list expands. Patients would much rather have options to pay for their treatment monthly than to pay for their treatment out-of-pocket in one lump sum. As you attract these budget-conscious patients, you can keep your days busy and increase your revenues proportionately. Give your clientele access to the best possible dental treatments. Often, concerns over how to pay for major services like dental veneers, implants, or crowns can be a roadblock for patients. Removing that obstacle can increase treatment acceptance, improving your bottom line while ensuring that your patients maintain optimum oral health.

Health Service Credit Cards

Many dental providers will have third party financing companies available to help individuals to pay for more expensive procedures over a period of time. You can apply for these financing options when you visit the dental care provider. Some allow you to apply in advance as well. This could help you to feel more comfortable before heading into the office. You may also be able to find third party lenders for dental plans online. This can help you to get the care you need at a reduced cost. The financing options enable patients to spread out the cost of their dental procedures over time. Offering the credit lines has made dental care more accessible to patients. It’s a win-win for dental practices and for the patients. It allows dental practices to focus on treatment and providing the best quality of dental care, and it leaves the finances up to the credit providers. People interested in paying for their healthcare services through CareCredit or Capital One complete an application, just as they would if they were applying for a Visa or MasterCard. Upon approval, they are given a line of credit. Hygiene Consultants knows that dentist offices are familiar with these company names, as they probable send their own marketing literature quite frequently.

In-House Financing

Sometimes, you do not need a third party lender at all. Some dentists will offer in-house payment plans. This is especially possible for those who have a long-standing relationship with the provider. If you do not ask about it, you will not know if it is an option. If you perform self-pay, cosmetic, or elective treatments, consider the benefits of offering your own internal financing for treatments in your office. Studies show that more than 40% of the America’s population is in need of assistance to pay for high healthcare costs. This contains people who have no insurance and individuals who have a high deductible individual health insurance plan tell Hygiene Consultants. The large out-of-pocket costs that are associated with treatments for patients with no insurance can be very intimidating and financially harmful to the family. When you offer special internal financing for treatments, you can interest all of the individuals who cannot find financing elsewhere. Financing through your office is more convenient for the patient and will give them access to the care they need without breaking their bank.

Hygiene Consultants recommend giving Optional Financing to Your Patients