It can be difficult as a business owner and dental professional to see a patient leave your practice without receiving treatment simply because they don’t have dental insurance. According to the National Association of Dental Plans, roughly 23%, or 74 million Americans, have no dental coverage. Maybe yours is a fee for service practice and you don’t accept a patient’s insurance. These are just two of the many reasons shared by our dental business coach that an increasing number of dental practices are adopting their own in-office dental plans as an alternative.
What is an In-Office Dental Plan?
In-office dental plans are designed to help patients afford preventive and restorative dental care. Patients pay a monthly or annual fee directly to the practice to help pay for treatment when it’s needed. An in-office dental plan is administered directly by the practice or contracted partner, making it unnecessary to submit insurance claims.
Benefits of an In-Office Dental Plan
One of the main benefits of incorporating an in-office dental plan is that it can be customized for your practice. Offering different plans or membership tiers can help make dental care affordable and financially convenient for patients and make cash flow more consistent for the practice.
Other Considerations for In-Office Dental Plans
It is important to verify your specific state’s laws and statutes before implementing an in-office membership plan. Our expert dental consultants can guide you through the process and ensure that your plan follows your state’s guidelines while offering your patients an affordable way to say yes to the treatment you recommend.