If you’ve been looking for ways to increase the revenue in your practice, it’s normal to look at marketing for new patients. However, have you looked within your practice for potential revenue waiting to be cultivated with all the incomplete treatment plans outstanding? Surveys show that the case acceptance rate ranges from 35-60%. That leaves a lot of untapped production on the table.
One of the biggest factors why patients do not accept treatment has to do with finances. Even if the patient has the desire and motivation to complete treatement, the truth is that if he/she cannot afford then that is a treatment that cannot be started. So if you’re able to provide an answer to that dilemma, then you open up a myriad of opportunities to increase your production and to provide the dental care your patients want and need.
There may be many reasons a patient would have less than perfect credit but that doesn’t always mean they are financially irresponsible. Especially during this pandemic, many people have lost their jobs or had their hours cut. As we emerge from this pandemic, none of us are left unscathed and it will take time to recover. For patients who experienced hardship, they may need financial options that are outside of the proverbial box.
You’ve heard of the big names in patient financing such as CareCredit. And while they are a useful tool for your practice, their lending standing may preclude good patients who want dental care. That is where United Medical Credit fills a much-needed niche in the patient financing world.
I recently brought on Marcio Prado of United Medical Credit for a chat. UMC is no stranger to the Nifty Thrifty group but as we have grown, I wanted to bring Marcio on again so that he can give us more information about UMC. Marcio is the Business Development Manager for UMC and he discusses how UMC is a great complement to the other patient financing companies that your practice works with.
What makes them unique is that they offer financing to people with subprime credit. With their vast network of lenders, they can find a lender for almost any situation. And the process is simple!
-For financing under $20k, all the patient needs to give is their signature and ID. UMC allows household income calculations
-Soft pull and get an instant qualification
-The patient signs the contract and submits proper ID and you can get paid within 24 hours!
Sounds good? It’s just as easy to sign up to offer UMC. Just fill out a one-page form and your account will be set up and ready to offer financing within 24 hours! A
UMC might not be the best option for some of your patients but it may be the ONLY option for some of your patients. Don’t lose out on potential treatment just because of finances. UMC gives you another powerful tool in your arsenal to increase patient case acceptance. There are NO costs to you until the patient uses the financing so what do you have to lose? Check out the rest of my chat with Marcio and take advantage of the Nifty Thrifty deal we have set up for our members!
-How to increase your case acceptance
-What makes United Medical Credit unique and how it can be
-Simple and easy account setup and approval of financing
-Save 30% off merchant fees. Normally it is 10% but Nifty Thrifty members pay only 6.99%!
-No other fees (no sign-up fees, monthly fees, etc.)!
To take advantage of this deal, click here: https://www.unitedmedicalcredit.com/nifty-thrifty/
OR call them directly at 855-503-1800 and tell them you’re a Nifty Thrifty Dentists member and they’ll get you hooked up!
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