Alternative to Dental Insurance
You’ve established your practice and created a patient base. You accept your patients’ dental benefits plans and file claims on their behalf. You may be wondering: why should you offer your own Private Dental Plan®? At Dental Practice Services, Inc. (DPS), we have found that dentists who provide a self-administered dental plan increase case acceptance, patient retention, and practice income.
Improved Case Acceptance
More than 100 million Americans do not have dental coverage. Many who do receive benefits that are highly limited, leaving patients facing the choice between costly treatments paid out-of-pocket or going without necessary care. In addition, the time-consuming process of insurance company pre-approvals can cause patients to lose the sense of urgency in scheduling treatment.
With Private Dental Plan®, you can provide your patients with an alternative to traditional dental benefits. Your plan is customized to suit your practice and patients, so you can present treatment options without worry of denied claims. Dental care becomes more affordable to patients with limited or no dental coverage. Your team has no claims to file and can easily advise patients on details of your plan. Treatment can begin right away, instead of waiting days or weeks for pre-approval red tape.
Higher Patient Retention
Patient loyalty is tied heavily to their perception of value. When a treatment is not covered by their plan, they may seek out a special offer from a competing practice. With Private Dental Plan®, your coverage is designed to fit your services, keeping treatments affordable for your patients. Additionally, since your plan is only valid in your practice, patients have a higher incentive to continue seeing you for all their dental needs.
Increased Practice Income
With higher retention and case acceptance comes higher income. The greater patient satisfaction created by making treatments affordable can lead to more new patient referrals for your practice. Additionally, the ongoing nature of the yearly plan membership means that you receive payments even when patients are not scheduling care.
Before you launch your Private Dental Plan®, DPS will work with you to create your customized plan, train your team, and provide targeted marketing materials. Once your plan is live, we will continue as your partner, to collect membership fees, provide reporting, and ongoing coaching in plan sales and administration.
For more information about why you should offer Private Dental Plan® in your practice, contact our office.