To most individuals, dental treatment is out of reach due to affordability. Even if treatment is crucial to their health, patients might delay receiving it solely because they cannot pay for it upfront. That’s when financing steps in.
By providing payment plans, dental offices can make care affordable while establishing trust with patients. Let’s take a closer examination of the advantages of patient financing to both practices and those whom they serve.
Makes Dental Care More Affordable
Cost is one of the leading reasons why patients postpone or miss dental visits. Certain procedures, particularly more involved or multi-visit procedures, are difficult to afford out-of-pocket.
Providing payment options allows patients to more readily agree to care. Rather than a single large fee, patients pay in small increments over time. This provides them with an opportunity to receive the care they require without excessive stress.
Enables Patients to Remain on Course with Their Oral Health
When patients have the assurance that they can pay in installments, they are more likely to come back for visits and adhere to advice. Postponing care usually results in bigger issues down the road, which are more difficult and costly to repair.
That is patient payment plans benefits are long-term oral health. It gets individuals help earlier, which also translates to fewer emergencies and better overall outcomes.
Builds Trust and Loyalty
When patients feel supported, and not pressured, they are more likely to remain loyal to your office. Providing financing indicates that your staff is attuned to their needs and is willing to assist.
This trust can translate into deeper relationships. Patients can refer others, give positive feedback, and remain with your office for years. With time, this can create a stable and loyal patient base.
Increases Treatment Acceptance
Patients feel uneasy when told the total price of a dental treatment. They might say no immediately or request that it be postponed. But when they are informed that it is possible to break down the expenses, they would be more open to continuing.
For practices, this translates to more patients consenting to required treatment. Whether fillings, crowns, or implants, having flexible payments can greatly improve acceptance rates.
Keeps Your Schedule Full
When patients accept more treatment, your schedule remains full. This keeps your staff busy and ensures a consistent income flow for the practice.
Chaotic schedules are indicative of a well-performing dental practice. And the more patients can feel confident in proceeding with treatment, it benefits everyone involved—both patients and care professionals alike.
Provides Patients with Peace of Mind
Unexpected dental expenditures can cause apprehension. However, having read the insurance that a method of financing exists can alleviate the concern.
When patients are aware that there’s a plan within their financial means, they feel more empowered. This relaxation is yet another critical aspect of the advantages of patient financing. It eliminates fear and instills confidence in the treatment they’re undergoing.
Accommodates Larger Treatment Plans
Other patients will require several different treatments to return their mouths to health. From multiple visits to extended solutions, these treatment plans can be costly to add up.
By telling patients that they can break up payments, they may be more willing to see the treatment plan through. This is healthier for them and allows the office to get quality work done without rushing or compromising.
Helps You Stand Out from Other Offices
Most patients are weighing their options when selecting a dentist. Being upfront about payment flexibility can make your office stand out. Not all patients will utilize a payment plan, but they like knowing it’s available if necessary.
This openness and flexibility demonstrate your office is concerned with actual-life needs. It’s one more reason patients might select your team over another.
Gets Support from Experts
If your practice isn’t certain how to implement a payment system, using a dental financial consultant can assist. They can assist you in selecting the appropriate financing tools, training your staff, and maintaining everything smoothly.
Having professional guidance allows you to concentrate on patient care while providing a useful service that continues to grow your office.
A Win for Both Patients and Providers
When done correctly, patient financing is a win-win. Patients receive the care they require without added stress. And dental practices experience increased treatment acceptance, improved relationships, and more stable income.
If you aim to enhance care while helping your patients, providing payment plans is an easy yet effective move.
Need Assistance Implementing Patient Financing?
At Viturtal Consulting, we collaborate with dental practices to design intelligent, simple-to-administer financing plans that suit the office as well as the patient. From installation to staff training, we walk you through every step so your practice can add value without additional hassle.
Let’s grow your office while making care more accessible to your patients. Get started today by contacting us.