5 Reasons Fee-For-Service Dental Patients LOVE In-House Savings Plans

Did you know that full-fee patients may not feel completely welcome in your dental practice if they don’t have insurance? Help change their minds – and provide greater access to care in your community – by offering an in-house dental savings plan. In fact, dentists across the country are treating more fee-for-service patients every day thanks to Quality Dental Plan (QDP).

Here are 5 reasons why QDP’s in-house savings plans can work for you too:

1. QDP is NOT insurance. With QDP, there are no third parties. You set your own fees & your practice collects directly from your patients.

2. Your patients can access exclusive savings in your practice, including a year’s worth of preventive care for an up-front annual fee of your choosing.

3. QDP can also help your patients save on restorative and cosmetic care, helping them say “yes” to the dentistry that they want & need.

Click here to request more information about QDP’s in-house savings plans.

4. Offering an in-house dental savings plan like QDP adds value to your services & creates a sense of belonging to your practice – kind of like a Costco membership.

5. People are often surprised to learn that most dentists PREFER fee-for-service patients! QDP can help you reach more of these patients in your community.

At the end of the day, dentists know that their patients deserve a high standard of care regardless of coverage. And patients want to feel like they’re cared for. They want to feel like part of an exclusive family, and an in-house savings plan like QDP makes them feel like they truly belong to your practice.

To find out more more about implementing an in-house dental savings plan with QDP, fill out the form on this page.

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7 Reasons Why Dental Savings Plans Help You Treat More Patients

Wish you could treat more patients without increasing your reliance on insurance? This could be the answer you’re looking for.

A recent podcast from industry expert and DentalTown founder Dr. Howard Farran features Dan Marut, DMD, and founder of Quality Dental Plan (QDP), the country’s leading dental savings plan company.

Download this podcast to learn all the must-know answers to common questions about dental savings plans, including the answer to one very profound dilemma: how can I provide necessary care to more of my patients?

An in-house dental savings plan like QDP is helping hundreds of dentists across the country and it can help you too. Here’s how:

  1. Dental savings plans attract new patients & builds your FFS patient base.
  2. They increase access to care by making dentistry affordable for all patients, not just those with insurance.
  3. Treatment acceptance rates rise because patients get access to exclusive savings on restorative and even cosmetic work.
  4. Patients who enroll in a plan like QDP are excited to tell friends and family, which sparks word of mouth for the dental office.
  5. Dental savings plans eliminate insurance distractions and paperwork, freeing the dental team to focus on more productive tasks.
  6. Plans like QDP create an annual, predictable revenue stream, which allows you to reinvest in your practice, update your equipment, hire more staff and get more patients in the chair.
  7. When you choose to partner with a proven leader like QDP, you can be up and running in just days. Many think they can build their own plan, but if you’re producing $200, $300, even $500 an hour, why not focus on working a few more hours instead of reinventing the wheel? Partner with a plan you know works – Quality Dental Plan – and start treating more patients immediately.

Fill out the form on this page to download Dr. Farran’s recent podcast and learn everything you need to know about why a dental savings plan like QDP will help you increase the access to quality dental care within your community.

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How to Grow Your Practice Without Relying on Insurance – One Dentist’s Story

Are you growing frustrated with insurance companies’ increasing encroachments on your dental practice? As a dentist myself, I have experienced firsthand the frustrations that come with accepting dental insurance, and I understand the desire to reduce third party influence and get back to treating patients the way they deserve to be treated.

That’s why I created Quality Dental Plan (QDP), the industry leader in in-house dental savings plans. And after I noticed the successes achieved in my office, I became determined to share my experience with dentists all over the country. QDP dramatically changed my dental practice, and here’s how it can change yours too:

  1. Attracts more new fee-for-service patients by providing the uninsured population with a way to pay for the care they are so desperately in need of
  2. Increases revenue by as much as 30% by incentivizing patients to not only pay up front for a years’ worth of services but to keep coming back
  3. Improves patient loyalty because patients who join a plan like QDP are 70% more likely to refer others to the office
  4. Increases treatment acceptance by over 20% since patients are more likely to proceed with treatment knowing they’re getting a “good deal”
  5. Reduces third party influence, allowing you the dentist to set your own fees and not adhere to a corporations’ rules and regulations

Want to learn more about in-house dental savings plans? Fill out the form on this page to set up a time to talk with me directly and discover the amazing changes a plan like QDP can make in your practice.

– Dan Marut, DMD and Founder, Quality Dental Plan

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5 Ways an In-House Dental Savings Plan Can Transform Your Practice: A Dentist’s Perspective

Are you growing frustrated with insurance companies’ increasing encroachments on your dental practice? As a dentist myself, I have experienced firsthand the frustrations that come with accepting dental insurance, and I understand the desire to reduce third party influence and get back to treating patients the way they deserve to be treated.

That’s why I created Quality Dental Plan (QDP), the industry leader in in-house dental savings plans. And after I noticed the successes achieved in my office, I became determined to share my experience with dentists all over the country. QDP dramatically changed my dental practice, and here’s how it can change yours too:

  1. Attracts more new fee-for-service patients by providing the uninsured population with a way to pay for the care they are so desperately in need of
  2. Increases revenue by as much as 30% by incentivizing patients to not only pay up front for a years’ worth of services but to keep coming back
  3. Improves patient loyalty because patients who join a plan like QDP are 70% more likely to refer others to the office
  4. Increases treatment acceptance by over 20% since patients are more likely to proceed with treatment knowing they’re getting a “good deal”
  5. Reduces third party influence, allowing you the dentist to set your own fees and not adhere to a corporations’ rules and regulations

Want to learn more about in-house dental savings plans? Fill out the form on this page to set up a time to talk with me directly and discover the amazing changes a plan like QDP can make in your practice.

– Dan Marut, DMD and Founder, Quality Dental Plan

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Dental Plans vs Insurance: What’s in It for the Dentist?

In our last very popular article, we talked about the benefits of dental savings plans for your patients. If you’re wondering what’s in it for you, the dentist – as well as for your fees, collections and production – here are some of the ways an in-house savings plan like Quality Dental Plan (QDP) can also be good for the dental practice.

qdp-slider4-edit1. Set Your Own Fees – Unlike insurance, with in-house savings plans, you set your own fees, and more importantly, you don’t have to adhere to arbitrary fee schedules set by third parties.

2. Recurring Revenue – In-house savings plans like QDP incent patients to prepay for all of their preventive care at the beginning of the year, so your practice is insulated from economic ups and downs. Plus, when patients have paid upfront, you can be sure they’ll come in for their prophys and annual exams on time.

Fill out the form on this page to find out how you can offer your patients an in-house savings plan.

3. Improved Collections – With an in-house dental savings plan, you won’t wait 30 days to get paid by a third party. Instead, your practice collects directly from your patients in advance of treatment. Imagine that!

4. Attract More Patients – Did you know some patients think they have to have dental insurance to be seen in a dental practice? You can thank our friends the MDs for that one; many patients mistakenly believe that dental insurance works just like medical insurance. But with a dental savings plan like QDP, you can help patients without insurance feel like they belong in your practice – especially those who have put off care because of a perceived lack of coverage.

5. Increase Production – Dental savings plans are kind of like a Costco membership for your practice. You buy that 114 oz. vat of ketchup even though you only need a 12 oz. bottle, right? Why? Because your feel like your club membership has unlocked a special level of savings and value that you otherwise couldn’t access. A dental savings plan does the same thing for your patients when it come to dental care, enabling them to say “yes” to more preventive, restorative and cosmetic procedures.

Want to learn more about QDP? Fill out the form on this page or visit our website to discover how in-house dental plans can benefit your practice. And read up on how dental plans can help your patients.

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Dental Plans vs Insurance: 5 Differences You Need to Know

Dental insurance doesn’t have to be a patient’s only option for affordable dental care. And being in-network doesn’t have to be the only way for dentists to attract – and keep – their patients in the practice. It’s important to remind patients of how in-house dental savings plans like QDP are different from standard insurance.

  1. One clear cost – no need to worry about copays, deductibles or maximums
  2. Freedom to choose their own dentist
  3. Ability to decide to pay one-time or in regular installments thru the year
  4. All preventive treatment covered for them and their family
  5. Options for additional discounted dental services

Patients are often left with lackluster options when it comes to dental plans. In-house dental savings plans put the benefit back into dental benefits – for both dentists and patients!

Interested in learning more about QDP? Click here to find out how our customized in-house dental plans can make a difference in your practice.

 

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A Fresh Approach to Dental Benefits: Give Patients a Reason to Come Back

How an in-house dental savings plan provides dentists with a way to attract more patients and to keep them coming back for care

Consider this real-life scenario detailed on the popular Dental Warrior blog. A patient comes into the practice of author Dr. Mike Barr in need of significant work. She had been to the practice years before, but not kept regular appointments. She was nervous so she brought her husband along. After learning she would need extensive restoration work, the conversation turned to costs.

Dr. Barr recently implemented Quality Dental Plan (QDP) in his practice. When he sat down with the patient and her husband, Dr. Barr explained that his new in-house dental savings plan could help them afford the care she needed. It turns out not only had the couple already signed up for QDP with the financial coordinator, but even more interesting, the husband sells dental insurance!

Even an insurance salesman sees the benefits of a dental savings plan like QDP over traditional dental benefits! There’s no insurance company to contend with, and the savings and benefits are greater.

What is Quality Dental Plan?

  • It’s the industry leader in providing in-house dental savings plans to hundreds of dentists across the country.
  • QDP helps dentists attract more new patients and grow their fee-for-service patient base.
  • For a cost often less than insurance, patients pay upfront for a year’s worth of preventive care with additional access to discounts on comprehensive and cosmetic procedures.
  • QDP remove issues of cost and affordability from the financial discussion.

In the blog, Dr. Barr is convinced that this previously unpredictable patient will now complete her course of care since she committed to the QDP program. In fact, case acceptance rates can rise over 25% with an in-house dental savings plan, as patients are more likely to proceed with treatment.

Do you want to attract more fee-for-service patients? Are you looking for a way to overcome patients’ affordability concerns and increase treatment acceptance? Fill out the form on the right to discover how an in-house dental savings plan can be the answer you – and your patients – have been looking for.

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Small Businesses Struggle to Provide Dental Benefits: A Dentist’s Solution

Small businesses are finding it hard to continue providing quality healthcare benefits to their employers under the new healthcare laws. The New York Times recently published an article highlighting the obstacle business owners face today: providing adequate benefits to their valued employees that are still affordable to the company.

Dental benefits aren’t even included in the necessary services under the ACA, and dentists are more than well aware that many times dental coverage is among the first to go when finances are strained.

This presents a unique opportunity for dentists. What if you could provide local small business owners with a way to provide genuine, quality dental benefits to their employees at a cost often less than the insurance companies?

Offering an in-house dental savings plan, such as QDP, helps dentists provide small business owners with a way to provide dental coverage to their employees.

  • The employers will feel satisfied knowing they haven’t had to sacrifice employee dental benefits.
  • Employees themselves will have their preventive treatment covered for the entire year, and be incentivized to come in for services since the costs are included in an annual membership plan.
  • And dentists will know that they have finally found a way to reach more of the patients in their community, feeling good that they are able to provide the care their patients need at a cost they can also afford.

Click here to learn more about how QDP can help your practice with local business outreach.

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5 Reasons NOT to Increase Your Reliance on Managed Care

With reimbursement rates falling across the board, dealing with insurance companies has become more trouble than they are worth. Going in network isn’t the only way to fill the schedule.

In fact there are better options for increasing new patient flow and stimulating practice growth without having to increase reliance on managed care. Here are 5 reasons to reduce the insurance companies’ influence on your practice:

1 – Collections Issues

Talk about a nightmare. Most practice management consultants recommend a 95-98% collections rate. Hard enough to achieve on its own, but becoming a provide for insurance plans just makes attaining this goal nearly impossible.

2 – Loss of Control of Your Fee Structure

Having to reduce your UCRs to the insurance companies’ liking defeats the purpose of being in private practice if you can’t even set your prices.

3 – Decrease in Patient Perception of “Quality”

One of things patients hate most about going to their medical doctor is the wait. Patients with appointments often find themselves waiting up to an hour while the MD has to see 10 patients per hour just to afford his or her overhead.

Why would a dentist ever want to emulate a medical practice? If you want to project an image of quality comprehensive care, a volume-based drill and fill operation may not be the way to go.

4 – Why Offer a Permanent Discount?

What is an insurance company? Basically it’s a marketing scheme. In return for them filling your appointment book, you agree to discount your services to the people they send to you. Forever.

5 – There Are Other Options!

With an in-house dental membership plan like QDP, dentists can offer their patients an alternative to dental insurance. Patients pay the dentist an annual membership fee and in return they receive a year’s worth of preventive care. The dentist gets paid up front and the patient has one low annual fee that is often a fraction of an annual dental insurance premium. There’s no third party involvement, and dentists get to collect their own fees and stay in charge of their fee schedules.

Insurance is not the only option for dentists. Alternatives exist that actually benefit the patients and the doctors in a more effective way. Reduce your reliance on managed care and set your practice on a path to success.

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Baby Boomers and Your Dental Practice

Much of the focus on marketing today is on the Millennial generation (typically considered those born between 1977 and 2002). Online marketing is a hot topic, and Millennials are among the most digitally adept group there is, so it is no wonder that companies strive to capture the Millennial audience. And there is no doubt that with their size and influence, Millennials are a consumer group that dentists will need to focus on in the years ahead.

However, in terms of marketing your practice, don’t forget one very significant portion of the population: Baby Boomers. There may not be a more powerful group than the Baby Boomer generation. Inside Dentistry just released an article highlighting the importance of preparing your practice for the Boomer generation and it’s worth taking a read.

Here are a few statistics from the article worth noting:

  • A Baby Boomer turns 50 every 8.5 seconds and for the next 18 years, Boomers will turn 65 at a rate of about 8000 per day.
  • Boomers not only have high household incomes (on average $70,000+), they also have high accumulated wealth.
  • Baby Boomers account for almost half of all consumer spending.

So what does this mean for dentists?

Baby Boomers are interested in feeling good and looking good – and that goes for their smile. They take better care of themselves than their parent’s generation and they are working far longer as well. So not only do they have the disposable income for dentistry, they also see the value.

According to the article, between 2000 and 2010, dental spending increased among Baby Boomers, where as it flat lined in all other demographics.

Also interesting to dentists: Most Boomers are used to having dental insurance as after having this benefit throughout their working years. Upon retirement, they are left without coverage. Among adults older than age 45, only 41% reported having dental insurance.

So here is a group of people who want dental care, with the means to pay for it, but who do not have dental insurance. Welcome Baby Boomers into your practice with open arms and give them a way to pay for their preventive care with discounts on restorative and cosmetic procedures! QDP can do just this for you and for your Boomer patients. Turn their value for dentistry into real growth for your practice.

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