Do you carry disability insurance? |
1358 total votes |
|
| 82% |
| Yes |
|
| 18% |
| No |
|
|
If you were purchasing a $30,000 piece of equipment today, would you: |
714 total votes |
|
| 20% |
| Lease |
|
| 56% |
| Finance (i.e. get a loan) |
|
| 19% |
| Pay Cash |
|
| 5% |
| Charge |
|
|
What is most important to you when you borrow money? |
706 total votes |
|
| 26% |
| Cash flow flexibility of payment structure |
|
| 18% |
| Ability to pay off early |
|
| 48% |
| Rate |
|
| 4% |
| Longer term i.e., the months/years to pay back |
|
| 4% |
| Knowledgeable and instructive customer service and after sales service |
|
|
Where do you go today when you need capital for your practice? |
700 total votes |
|
| 66% |
| Bank |
|
| 2% |
| Credit Union |
|
| 9% |
| Equipment and/or supply representative |
|
| 3% |
| Matsco |
|
| 3% |
| Sky |
|
| 6% |
| HPSC |
|
| 10% |
| Other |
|
|
What influences your decision on your choice of lenders? |
566 total votes |
|
| 4% |
| State association |
|
| 44% |
| Colleagues |
|
| 22% |
| Seeing an advertisement for a great deal |
|
| 20% |
| Equipment and/or supply representative |
|
| 2% |
| Local dental society |
|
| 8% |
| The message boards at www.DentalTown.com |
|
|
About what proportion of your patients ask about making payments over time for their out-of-pocket costs? |
697 total votes |
|
| 28% |
| 1 - 10% |
|
| 26% |
| 11 - 20% |
|
| 18% |
| 21 - 30% |
|
| 11% |
| 31 - 40% |
|
| 9% |
| 41 - 50% |
|
| 8% |
| 51 +% |
|
|
What percentage of your patients use third-party patient financing? |
698 total votes |
|
| 45% |
| 1 - 5% |
|
| 19% |
| 6 - 10% |
|
| 9% |
| 11 - 15% |
|
| 5% |
| 16 - 20% |
|
| 6% |
| 21 - 25% |
|
| 15% |
| Third-party patient financing is not available in my office |
|
|
If no third-party financing in practice, which of the following reasons best describes why your practice has decided to not use third-party patient financing. |
306 total votes |
|
| 22% |
| Approval rates |
|
| 11% |
| Finance processing fees |
|
| 3% |
| Enrollment fee |
|
| 3% |
| Non-usage fee |
|
| 12% |
| Too difficult to administer |
|
| 31% |
| Patients pay w/cash or V/MC |
|
| 17% |
| Other |
|
|
What payment options besides Visa and MasterCard do you offer instead of third-party patient financing? |
568 total votes |
|
| 52% |
| In-house billing |
|
| 10% |
| Referral to local bank |
|
| 39% |
| Other |
|
|
If you do not offer third-party patient financing, how likely are you to consider offering it in the next two years? |
289 total votes |
|
| 32% |
| Very Likely |
|
| 30% |
| Somewhat Likely |
|
| 20% |
| Not very Likely |
|
| 18% |
| Not at all likely |
|
|
What % of the treatment "dollars" presented to your patients is rejected because of cost? |
665 total votes |
|
| 47% |
| 0 - 20% |
|
| 36% |
| 21 - 40% |
|
| 12% |
| 41 - 60% |
|
| 3% |
| 61 - 80% |
|
| 2% |
| 81 - 100% |
|
|
If a patient were declined by your finance company, would you consider using a sub-prime lender? |
651 total votes |
|
| 39% |
| Yes |
|
| 61% |
| No |
|
|