Turn a No into a Yes: How to Help Your Patients Complete Their Treatment
Monday, March 21, 2022
The main reason dental offices are not offering third-party financing is because they’ve had too many patients get declined in the past.
58% of dental professionals aren’t proactively offering financing.
With buy now, pay later financing, the approval process takes 30 seconds with almost no data entry and no hard credit check, and over 85% of patients are approved.
For many patients, fear of the dental appointment is not about needles or drills, but cost. Even patients with insurance face hard choices between their oral health and their budgets. Consequently, dentists face an uphill battle in providing comprehensive dental care. The fact is, cost is the deciding factor in patients’ ability to undergo treatment, resulting in lower treatment acceptance rates, dissatisfaction, and undertreated patients.
Unfortunately, a lot of patients either go forward with partial treatment or refuse treatment altogether. Although there are financing options, half of the people who apply are rejected.
The buy now, pay later financial solution that has been widely used by consumers in other areas is now available for patient financing. Patients can pay-over-time for treatment, with no fees, no penalties, and often no interest. Learn more about how the process works and what it means for treatment acceptance.