It doesn’t matter how credible you are or the number of hi-tech devices you use in your practice if your patients can’t afford your services. Explaining in detail how much they need a procedure would amount to nothing if their current financial situation isn’t amicable to what you’re offering. This is where having flexible in-office payment plans come in, and I’ll talk about them via the Dental Hacks podcast.
In today’s episode, I wear the hat of the guest and share my thoughts on in-office payment plans. I discuss why practices should always have flexible payment options and how business owners can benefit from them. I explain how to avoid situations where the patient fails to pay for your services and what you can do about it if they do fail to pay. I also share how you can determine your risk tolerance for flexible payments and how to maximize your working hours to become more profitable.
“If you’d like to do more of the dentistry you want to do versus more of the dentistry you’re forced to do, looking at in-office payment plans is a wonderful opportunity.” – T-Bone
This week on T-Bone Speaks Dentistry Podcast:
- How in-office payment plans can help overcome financial hurdles in your practice.
- Where I learned the benefits of in-office payment plans.
- My thoughts on the problems of patients not paying practices.
- Why you should always offer flexible payment options.
- A few examples of patient transactions in my practice.
- The benefits and drawbacks of becoming a “financer” in a payment option.
- How to determine your risk tolerance for in-office payment plans.
- Maximizing your work hours to make them more profitable.
Our Favorite Quotes:
- “If you’re doing same-day dentistry, that means you have space in your schedule.” – T-Bone
- “We give every patient the menu of the financial options.” – T-Bone
Connect with Dental Hacks:
Subscribe, Connect & Share Your Favorite Episodes
Thanks for tuning into this week’s episode of T-Bone Speaks Dentistry. If you enjoyed this episode, please head over to Apple Podcasts or Google Play Music to subscribe to the show and leave your honest review. For more great content and helpful tips to grow your dental practice, visit our website. Follow us on Facebook and LinkedIn, subscribe on YouTube, and don’t forget to share your favorite episodes with other dental practitioners.
