Financing Options Prove Profitable for Orthodontists
The recession caused a shift in the way people think about money. Instead of giving little thought to expenditures, consumers are now more willing to shop around and look for the best deals. If your business is struggling to grow, consider partnering with a third party financier who can offer your clients flexible consumer financing.
If you're in the orthodontics industry, you've probably noticed a drop off in the number of patients coming to your office. Less clients make the possibility of growth all but impossible. One of the reasons for this is that fewer dentists are offering referrals. This means you need to do more marketing to get your name out there. You can't rely solely on dentists anymore.
Another way around the lack of business is to work on developing a more qualified team. You can't just send your staff off to one convention or annual meeting every year and expect that to take place of proactive training. You need to promote habits that will give your patients something to talk about their friends. Going to the orthodontist isn't the most pleasant experience, but if your staff is properly trained and offers patients excellent interaction, you're going to benefit form word of mouth marketing.
Your office should be constantly looking to improve. Keep training manuals up to date and go over them with your staff frequently to ensure they're always striving for improvement.
Have you tried taking anonymous surveys of your patients to learn where you're falling short? You could be doing a few thing wrong and never know about it unless you ask. Fix these problems and you're likely to see better retention of current customers.
Some orthodontists simply become complacent and stop caring about growth. Do something on a regular basis to improve yourself and improve your team. Try working with a consultant who can lend an objective opinion about your practice and what you can do to improve it.
Having a friendly, well-trained staff only gets you so far – some patients simply can't afford to pay for your services out of pocket. They need funding options. One way to stand out among the crowd is to offer financing options to your patients. By partnering with a non-traditional, third party financier, you can open up a whole new set of treatments that your patients need but can't afford.
Non-traditional financiers can offer more flexible financing plans to your patients, even the ones that aren't exactly the lowest risk for credit. Firms like UGA are ready to work with you and your patients.
If you're in the orthodontics industry, you've probably noticed a drop off in the number of patients coming to your office. Less clients make the possibility of growth all but impossible. One of the reasons for this is that fewer dentists are offering referrals. This means you need to do more marketing to get your name out there. You can't rely solely on dentists anymore.
Another way around the lack of business is to work on developing a more qualified team. You can't just send your staff off to one convention or annual meeting every year and expect that to take place of proactive training. You need to promote habits that will give your patients something to talk about their friends. Going to the orthodontist isn't the most pleasant experience, but if your staff is properly trained and offers patients excellent interaction, you're going to benefit form word of mouth marketing.
Your office should be constantly looking to improve. Keep training manuals up to date and go over them with your staff frequently to ensure they're always striving for improvement.
Have you tried taking anonymous surveys of your patients to learn where you're falling short? You could be doing a few thing wrong and never know about it unless you ask. Fix these problems and you're likely to see better retention of current customers.
Some orthodontists simply become complacent and stop caring about growth. Do something on a regular basis to improve yourself and improve your team. Try working with a consultant who can lend an objective opinion about your practice and what you can do to improve it.
Having a friendly, well-trained staff only gets you so far – some patients simply can't afford to pay for your services out of pocket. They need funding options. One way to stand out among the crowd is to offer financing options to your patients. By partnering with a non-traditional, third party financier, you can open up a whole new set of treatments that your patients need but can't afford.
Non-traditional financiers can offer more flexible financing plans to your patients, even the ones that aren't exactly the lowest risk for credit. Firms like UGA are ready to work with you and your patients.
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