Which, if any, of these financial options do you currently offer to your patients? |
412 total votes |
|
| 32% |
| a. In-house billing, up to three months |
|
| 15% |
| b. In-house billing longer than three months |
|
| 11% |
| c. Reduced or provisional treatment |
|
| 8% |
| d. Referral to a local bank |
|
| 34% |
| e. None of these |
|
|
If you do not offer an outside patient financing program, how likely are you to consider offering one in the next year? |
135 total votes |
|
| 44% |
| a. Very likely |
|
| 13% |
| b. Somewhat likely |
|
| 16% |
| c. Somewhat unlikely |
|
| 27% |
| d. Very unlikely |
|
|
If you do not offer outside patient financing in your practice, which of the following reasons best describes why your practice has decided not to use patient financing? |
157 total votes |
|
| 11% |
| a. Approval rates |
|
| 20% |
| b. Processing fees to the practice |
|
| 4% |
| c. Enrollment fee |
|
| 13% |
| d. Too difficult to administer |
|
| 51% |
| e. I currently offer patient financing/other |
|
|
What decision-making criteria would or did influence your choice of patient financing programs? |
187 total votes |
|
| 20% |
| a. State association endorsement |
|
| 18% |
| b. Dentaltown message boards |
|
| 27% |
| c. Number of dentists using the program |
|
| 35% |
| d. Recommendation from another practice |
|
|
Which patient finance program do you use? |
227 total votes |
|
| 0% |
| a. Allcare |
|
| 18% |
| j. None |
|
| 2% |
| b. American General |
|
| 7% |
| c. Capital One |
|
| 60% |
| d. CareCredit |
|
| 1% |
| e. Chase |
|
| 2% |
| f. Citi |
|
| 0% |
| g. Springstone |
|
| 2% |
| h. Wells Fargo |
|
| 8% |
| i. Other |
|
|
About what percentage of your patients make payments over time for their out-of-pocket costs? |
235 total votes |
|
| 39% |
| a. Zero to 10 percent |
|
| 35% |
| b. 10-25 percent |
|
| 14% |
| c. 25-50 percent |
|
| 8% |
| d. 50-75 percent |
|
| 4% |
| e. 75-100 percent |
|
|
Do you use the services of a personal financial advisor? |
232 total votes |
|
| 48% |
| a. Yes |
|
| 52% |
| b. No |
|
|
What is your target retirement age (i.e., no longer working)? |
233 total votes |
|
| 4% |
| a. 46 to 50 years old |
|
| 13% |
| b. 51 to 55 years old |
|
| 23% |
| c. 56 to 60 years old |
|
| 29% |
| d. 61 to 65 years old |
|
| 30% |
| e. Over 66 years old |
|
|
Do you review detailed financial reports about your practice on a regular basis? |
234 total votes |
|
| 57% |
| a. Yes, monthly |
|
| 22% |
| b. Yes, quarterly |
|
| 21% |
| c. No, just the day to day basics (money in the account, deposits made, etc.) |
|
|
Do you use an accountant that specializes in dentistry (that has more than 25 dental clients)? |
236 total votes |
|
| 37% |
| a. Yes |
|
| 63% |
| b. No |
|
|