1: Embrace Modern Technology

Modern technology can help you reduce your overhead and make sure you get paid as quickly as possible. Studies have demonstrated that people are more likely to respond to email and text messages over paper mail, which means that patients will be more likely to stay current on their dentist payment plans. You can also use modern technology to bypass old time nuisances, such as a delay in getting a credit check for patient financing. Several dental practice financing options, including SImplePay.com, allow instant approval without the need for a credit check. This gets money directly into your practice without having to go through the checks and slowdowns that used to occur.

2: Live in a Mobile World

Related to embracing technology, remember that this is an increasingly mobile world. Typical patients, even those who don’t have a lot of money, rely on cell phones or mobile devices. While a startup practice likely can’t afford to invest in mobile app development, you should strongly consider looking at available options that can help streamline your financial matters. Providing an app that can get your patients to remember their appointments, alert you if changes need to be made, and enhance patient financing can help in both the short- and long-term. If you go with a software platform that is flexible, you can likely provide this app with very little financial investment on your end.

3: Open Up Strong Lines of Communication

Patients are more likely to make dental payment plans immediately and go out of their way to make sure they help you out if they feel a personal connection to your practice. Don’t just listen to what they have to say – provide them with clear and effective ways for them to make their voices heard. If you use a mobile app, this can include providing contact information in the app. If not, you can make sure that your receptionist asks for their feedback after each communication. Whether referring to individual patients or medical financing companies and other corporate entities, your communication needs to be as sharp as possible to get immediate and financially helpful results.

Putting yourself out there as a dentist with payment plans who can be flexible with patients is an important step in funding your practice, but you need to make sure that the money from those payments gets into your bank account quickly. Using technology to its fullest and making sure that you can clear, efficient lines of communication are some of the best ways to make sure your practice thrives as soon as possible.

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