Consider Adding Financing Options in Your Dental Practice

When considering adding financing options, keep in mind that patients are more likely to refuse treatment once they hear the final amount. Your patients may find it more palatable to undergo dental care when they have financing options that will work within their budget.

How Financing Options Can Benefit Your Practice 

• Increase patient acceptance

A principal reason why your dental patients may avoid treatment is because of finances. Even your insured patients probably have an out-of-pocket expense well beyond budget. Offering flexible financing options to your patients may increase patient acceptance. 

• Help your patients save money

Accepting major credit cards is a very convenient payment option and probably also increases case acceptance. But not all of your patients can afford high-interest rates or even have credit cards. Consider accepting a third-party lender, such as CareCredit, which can save your patients hundreds of dollars in the end. They'll be thankful to you for that! 

• Allow patients affordable dental care for the whole family

Dental procedures are expensive for most patients but having payment options will make that care more affordable. For example, with CareCredit, patients can pay for quality oral healthcare for their immediate family. This eliminates the need for families to trying and choose whose dental health gets priority. 

• Bring in new patients 

Not all dental practices offer payment options, which means that patients may end up at your practice because they found you online and saw that you offer financing options. Once you bring these patients in, your quality dental care and excellent customer services will make them want to stay!

For assistance with deciding whether to implement financing options in your dental practice, please contact Dental Bookkeeping. We can help you build your patient base and reach your financial goals!

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