Optimizing Dentistry Practice Finances

Implementing financing options and a membership program in a dentistry practice can enhance revenue and reduce errors in payment collection. Offering upfront financing facilitates smoother service delivery and reduces the need to chase payments. Tracking credit applications monthly and setting goals to increase them can lead to tighter accounts receivable and improved collections. Membership programs make patients more loyal and ensure full payments, avoiding dependency on insurance reimbursements. In-house financing for procedures like Invisalign can significantly boost practice growth and achievement of milestones.