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.
- One clear cost – no need to worry about copays, deductibles or maximums
- Freedom to choose their own dentist
- Ability to decide to pay one-time or in regular installments thru the year
- All preventive treatment covered for them and their family
- 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.
A first-hand look at the impacts an in-house dental savings plan made in one practice
Dr. M runs a general practice in rural Oklahoma. While the practice is profitable, Dr. M was looking for something more. He was searching for a way to attract more fee-for-service patients while improving case acceptance rates among his current patient base.
Dr. M discovered Quality Dental Plan. He thought perhaps this in-house dental savings plan could be the solution he was looking for, so he signed up with QDP in October 2012.
He set his membership fee at $300, giving patients the chance to pay upfront for a year’s worth of preventive care. His patients were now able to afford the dental care they needed, and not have to worry about issues with deductibles, maximums or copays.
By October 2013, Dr. M had enrolled 300 members in QDP at his practice. While the savings plan was truly a value-add for his patients, he saw his practice thriving at the same time.
- Dr. M created a predictable annual revenue stream of $90,000 in the first year.
- Recall intervals tightened and case acceptance rates increased because patients had prepaid for treatment.
- There were no longer concerns about collections or dealing with insurance company hassles since patients no longer needed to rely on insurance. Dr. M was even able to give his staff bonuses based on collections!
- Finally there was a compelling way of reaching more new patients and growing the fee-for-service patient base.
By October 2014, two years into his QDP membership, Dr. M reports enrolling another 300 patients in his plan. With 600 patients now taking part, Dr. M has over 50% of his patient base prepaid for treatment – every year!
What is next on Dr. M’s QDP to-do list? Take advantage of QDP’s professionally designed marketing templates to help spread the word throughout the community and surrounding towns to reach even more patients in order to provide them with the care they need at a price they can afford.
- Dentists don’t have to be located in a sprawling urban area or spend a ton of money to achieve practice success.
- Insurance is not always the answer.
- Increasing production, treatment acceptance, collections and new patient flow can be accomplished with the right solution.
Want to learn how to make dental practice success a reality in your dental practice? Fill out the form on the right to discover how to create your own similar success story for your dental practice.
I hear from many fellow dentists who feel that all dental marketing seems the same. They get frustrated when the same-old marketing techniques fail to produce any real growth, especially when the competition is offering the exact same thing. Discounted tooth whitening and a free toothbrush – does this really excite patients? Not likely.
The problem is that these types of promotions are the exact same as everyone else’s. If everyone else is doing it, then it’s impossible for your practice to stand out from the crowd. There’s nothing compelling enough to attract patients to your practice.
It’s time to change your approach to dental marketing. You don’t want incremental growth. You want double-digit growth. Make your practice original and offer patients something new.
Not every dentist offers an in-house dental membership plan, especially one that trumps insurance benefit maximums. Quality Dental Plan allows you to offer unique patient membership programs that increase practice revenue while helping patients afford the dentistry they need – without giving up all of your profits in promotional discounts or reduced fees for insurance companies. And with geographic exclusivity, you can be sure that no one else in the area is offering anything similar.
What’s more incentivizing to patients: a free toothbrush, or a way of affording a year’s worth of preventive care for the entire family? With QDP, you have a new message, a leg up and a way to break away from the pack.
Ever met someone who was dead sure about something, but you could easily see they were wrong? People are very committed to their beliefs. I hear from dentists like this all the time – they’re doing everything right and still not seeing any real growth in their business.
Often the problem is that they’ve already decided what’s right without learning about all of the options. They are stuck in the comfort zone, and it’s these preconceived notions that are exactly what hold us back. If someone decides they’ve made the right choice about something, they’re simply not going to be open to other possibilities, even if their choice proves to be flawed or even outright wrong.
In this era of decreased insurance reimbursements and increased patient consumerism, it is easy to understand why some dentists believe it is impossible to grow their practice. There will always be forces beyond our control that present challenges to practice success. What we must remember to focus on are the factors that we can control. What can we do now to create a sustainable practice that can thrive during times of economic success AND under duress?
The solution comes when we start to think outside the box. That is how I came to develop Quality Dental Plan. QDP gives dentists the opportunity to provide their patients with a way of affording dental care so that they can grow your practice on a long-term basis. QDP is a value-oriented, bundled preventive care system that allows dentists to reduce their reliance on insurance companies, while attracting new patients, especially those without any insurance coverage, to the practice, helping to protect the practice against economic downturns and times of financial crisis.
When it comes to opportunity for dental practice success, there’s always a multitude of possible solutions that exist at all times – you just have to reach out and find the one that works.
It’s a different world out today for dentists, one that has probably changed since you first started practicing. Dentists are forced to grapple with the often frustrating bureaucracy that comes with dealing with dental insurance companies. Decreasing reimbursements and increasing hassles have come to make accepting dental insurance quite costly – both in time and money – for your practice.
Finally, there is a solution for dentists looking to reduce their reliance on dental insurance companies – a genuine alternative to dental insurance. A dental membership plan can yield huge dividends for the dental practice while providing dentists with the freedom to operate their practice the way they first dreamed of doing.
Here are just a few of the benefits of a dental membership plan:
- Eliminating third party influence from your practice
- Increasing practice income
- Decreasing overhead
- Set your own fees and keep 100% of the profits
- Improving treatment acceptance by providing patients with actual benefits
- Instilling patient loyalty
If you are fed up with the insurance company hassles and are ready to make a change, consider the positive impacts a dental membership plan can make in your practice, and get back to running your practice in a way that benefits you and your patients.
I first started Quality Dental Plan in order to help my fellow dentists achieve practice success and freedom from insurance companies, while giving patients a compelling reason to go to the dentist.
Fast forward five years later, and we continue to work faithfully to helping dentists across the country. It is incredibly rewarding to hear the success stories from our member dentists. Rather than hearing from me, take a look at a few of our success stories, in the words of the dentists themselves.
Finally, a plan that benefits not only patients, but also practices. This plan is so simple to integrate into your office, your patients and staff will love it. – Frank Clayton, DDS – Suwanee, GA
I love that we have an option like Quality Dental Plan to offer our patients! A lot of patients in our area have lost dental coverage. Most people feel that a lack of dental coverage is a roadblock to going to the dentist. QDP gives those patients piece of mind about returning to the dentist. It’s great for doctors because it creates value, loyalty, and a busy schedule. It’s great for patients because they can get the dentistry they need at an affordable price. Total Win-Win! – Missy Lapic, President, Next Step Dental Resource – Willoughby Hills, Ohio
We originally tried doing an in-office discount plan on our own, but it became difficult figuring out all the details that had to be covered. When Dr. Marut told me about QDP, it was like an answer to our prayers. With full support on implementation, all the “bugs” already worked out, and a plan that was simple for patients to understand (as well as for us to implement), QDP has been a huge benefit to both our patients and our practice. Quite simply, it WORKS! – Charles Payet, DDS – Charlotte, NC
I have tried many various promotional activities over the years with limited success, but I can honestly say that joining Dan Marut’s QDP has been the best thing that has happened in years. I have only been with the plan for one month and have already enrolled 23 patients. It’s really a win-win situation for both the patients and myself. – Robert Wick, DDS – Hayward, CA
We remain committed to providing a genuine solution to dentists and their patients. If you are interested in learning more, click here to find out how Quality Dental Plan is rethinking dental plans.
A staggering number of Americans, an estimated 127 million, lack dental insurance. While the recent rollout of the Affordable Care Act (ACA) has increased the availability and affordability of medical coverage, dental benefits continue to be viewed by the public as a luxury, instead of a necessity.
According to the American Dental Association, the ACA is only estimated to cover dental care for about 26 million Americans, mostly children and Medicare recipients, leaving the rest of the uninsured population wondering how to afford basic preventive dental care.
Providing genuine alternatives to traditional insurance is an increasingly important issue within the dental industry, evidenced by the fact that Forbes.com recently published an article titled When You Don’t Have Dental Insurance. The article addresses the growing issue of lack of access to affordable dental care, and suggests patients look for a dentist who offers a membership program, naming QDP as a prime example. Through these innovative programs like QDP, millions of uninsured Americans can now find the necessary dental care they need at a cost they can actually afford.
Dentists realize that with a dental membership plan, they are able to provide quality dental care at an affordable price to a greater number of patients in their communities without having to surrender to the hassles of insurance companies. Dentists are happy and their patients can finally enjoy peace of mind, making QDP a true win-win scenario for both patients and dentists.
Here on the QDP blog, we talk often about how important it is for dentists to have alternatives to dental insurance. It seems there are many more pitfalls of accepting insurance than actual upsides.
Never has this rang more true than for our dentist colleagues in Arizona. Last month, dentists there received a letter stating that a dentist can only remain “Premier” if they do not have contracts with other PPOs. In other words, if they accept PPOs, they have to be a Delta PPO provider or they’ll get dropped entirely by Delta. Read more about this change here at Unlock the PPO. This could pose serious financial ramifications for the dentists there, and speaks to the need for dentists to create other sources of practice growth, separate from insurance companies. And even though this particular situation is taking place in Arizona, there’s no telling if a change like this could become a reality in other states across the country.
Dentists need to know there are genuine alternatives to going in network. Options such as Quality Dental Plan help to increase new patient flow and make dentistry more affordable to your patients without giving up control of the practice’s fees to third parties. Consider taking a more proactive and long-term approach with QDP – for the good of your patients, and your practice!
It is often said that the dental industry is recession-proof. However, I believe few of my dentist colleagues would argue that they didn’t feel the effects the “Great Recession”.
As we come out of the most recent economic downturn, now is a good time to plan ahead and put processes into place in order to protect your dental practice against future recessions. As dentists, we are well aware of the impacts oral health has on an individual’s overall health. We work to positively contribute to our communities by reaching as many patients as possible and providing them with quality dental care.
Local business owners sure felt the pinch of the recession. They incur a large expense in providing dental insurance for their employees. What if you could offer a real solution to your fellow business owners? What if you provided a dental plan at a much lower cost, but with greater benefits to their employees?
Offering a dental membership plan for your practice to local businesses often costs them less than group dental insurance and helps ensure that their employees and dependents get all of the preventive dental care they need. That means fewer absences as dental issues account for 164 million hours of missed work. And small business outreach gives dentists a chance to provide care to an even greater number of patients than before….a genuine win-win for the entire community!
With the recent rollout of the Affordable Care Act (ACA), health insurance is on the tops of many Americans’ minds, and that includes dental insurance. However, according to the American Dental Association, the ACA is only estimated to cover dental care for about 26 million Americans – mostly children and Medicare recipients – leaving the rest of the uninsured population searching for coverage.
Sure, there are alternatives to insurance such as dental HMO’s and so-called discount plans, but they stop short of actually providing real benefits to Americans. Many don’t provide coverage for comprehensive treatment and restrict patients from choosing their own dentist.
What if you could offer your patients a genuine alternative to dental insurance? One that would incentivize patients to seek the treatment they need, at a cost they could afford? An in-house dental savings plan benefits patients by showing them they actually can afford quality oral healthcare without the hassles of insurance. You can finally meet patient expectations – without sacrificing the welfare of your practice.