Dental Financing Important in Tough Times

In this survey, the majority of dentists said they offer their patients outside financing options.

Very few dental practices these days offer their own financing. “We’ve never offered inside financing,” wrote one prosthodontist. “We don’t want to deal with any problems, so we farm the financing out.”

Here are some other things dentists had to say:

• “It is more difficult now for people to afford one more payment that they need to come up with the money for. In this economic climate, if it doesn’t hurt to offer financing if they want to wait.” (Pennsylvania dentist)
• “It really increases production and collections. Patients love the 0% financing.” (California dentist)
• “Outside financing has been a tremendous financial boon for our practice. Relationships stay where they should be when the payment is to a 3rd party.” (Illinois dentist)
• “We use Care Credit.” (California periodontist)
• “We’ve never offered inside financing. Everyone I’ve talked to says DON’T DO IT!” (Ohio prosthodontist)
• “We are surprised by the number of patients who are turned down by the outside agency. In most cases, we would have provided in-house arrangements.” (Ohio oral surgeon)

Read more: Dentists Prefer Outside Dental Financing,/p>