As a dental practice manager or owner, the prospect of acquiring new members and escalating recurring revenue is certainly exhilarating. However, challenges in managing dental memberships can quickly convert this thrill into stress. From time-consuming manual patient tracking to payment complications and the ongoing battle to find and convert new members, the task can seem overwhelming. This is where BoomCloud steps in to transform these concerns.
The Hurdles in Managing Dental Memberships and Optimizing Dental Business Growth
Dental membership management is synonymous with several common challenges, which can be time-consuming and exasperating:
Manual Patient Tracking: Keeping a manual track of patients is a labor-intensive task, consuming significant hours. It demands relentless attention and organization, and there is minimal to zero-margin for error.
Payment Concerns: Dealing with declined payments, chasing unpaid dues, or forgetting to charge members can hamper your dental practice's smooth functioning. These financial setbacks need instant attention and resolution.
Finding and Converting Members: For many dental practices, the biggest challenge to expand dental business growth is locating and converting new members to join their plan. The marketing efforts, follow-ups, and conversions can be intricate and time-consuming.
Why Dentistry Businesses Are Choosing BoomCloud for Practice Growth
BoomCloud offers a solution that not only addresses these challenges but also bolsters your practice's overall efficiency and profitability. Here’s why many dentistry businesses are opting for BoomCloud:
Automated Expansion and Management: BoomCloud revolutionizes the growth and management of your in-house membership plan through automation. This reduces your dependence on PPOs, ensuring your membership plan expands steadily without continuous manual intervention.
Time-Efficiency: By automating monotonous tasks such as patient tracking and payment management, BoomCloud optimizes your staff's time. This enables your team to concentrate more on delivering excellent patient care, avoiding the bottleneck of administrative duties.
Revenue Boost: Efficient membership management leads to increased recurring revenue. Let BoomCloud handle your operations, and you will witness a significant revenue boost in your dental practice.
Real Success Stories: BoomCloud Influencing Dentistry Business Growth
Several dental practices have witnessed extraordinary results after opting for BoomCloud:
Premier Dental: A considerable increase in membership retention and overall satisfaction was noted. The automated system ensured consistent member engagement with smooth payment processing.
Palmetto Dental: With BoomCloud, Palmetto Dental reduced administrative task time by 40%, enabling the staff to focus on enhancing patient care and improving the patient experience.
Stadium Dental: Within the initial six months of using BoomCloud, there was a 25% spike in their recurring revenue. The automated system simplified membership plan management, leading to financial stability and growth.
Taking the Next Step Towards a Hassle-Free Membership Plan optimised for Dental Business Growth
To witness such results for your dental practice, consider adopting BoomCloud. Allow us to demonstrate how you can procure a robust number of members, thereby bringing you recurring revenue and saving precious time. Our automated system aims to simplify membership management, enabling you to concentrate on your prime expertise – providing outstanding dental care.
Let’s earmark some time to discuss how BoomCloud could fuel your practice's growth. Contact us today to schedule a consultation and take the first step towards a more efficient and thriving membership plan.
"As some employers reduce benefits, we are prepared to offer alternatives. With BoomCloud's assistance over 18 months, we added 200+ new patients to our membership plan," —Dr. Cardon (Cardon Dental).
How Practices are Dropping PPOs and Building Membership Plans:
Membership plans are an effective way to reduce dependence on PPOs by providing patients with an affordable alternative to traditional insurance. These plans typically offer benefits like discounted services and preventive care for a monthly or annual fee, fostering patient loyalty and increasing practice revenue. BoomCloud helps practices create, manage, and grow their membership programs with customizable plans, automated billing, and patient support, enabling practices to retain more revenue and offer better patient care.
Veritas Dental Resources is your go-to partner for liberating your dental practice from the constraints of PPOs! With their expert services in PPO fee negotiation, contract optimization, and credentialing, they empower your practice to boost earnings. Imagine negotiating better fees, tapping into umbrella networks for juicier pay schedules, and launching dental membership plans without the headache of direct insurance company dealings. Let them handle the nitty-gritty so you can focus on delivering stellar dentistry with financial peace of mind.
The Thriving Dentist Coaching program, led by Gary Takacs, offers specialized guidance on reducing dependence on PPO contracts. Through tailored strategies, dentists learn how to negotiate better terms, optimize their fee schedules, and transition away from PPOs. This coaching helps practices increase profitability and financial stability while maintaining high standards of patient care.
Marketing Solutions - Gargle
Gargle is revolutionizing how to attract non-PPO patients using the latest in digital marketing wizardry. Imagine laser-focused ads, smart SEO strategies, and vibrant social media campaigns that draw in patients looking for top-notch care who are happy to pay out-of-pocket. This innovative approach significantly reduces reliance on insurance-dependent clients, paving the way for a more diversified and affluent patient base. By amplifying their online presence and leveraging data-driven techniques, Gargle is changing the game, turning practices into magnets for a richer and more varied clientele.
Free Resources to Learn More:
The “Fire the PPOs” ebook, available at BoomCloud, is designed to help dental practices reduce their dependency on PPOs (Preferred Provider Organizations). It offers strategies and insights on transitioning to a membership-based model, thereby enhancing revenue and patient loyalty. The ebook guides practices through the steps needed to implement a successful membership program, ultimately aiming to improve financial stability and patient care quality.
The BoomCloud PPO Loss Calculator is a tool designed to help dental practices understand and quantify the financial impact of participating in PPO insurance plans. By inputting specific practice data, it calculates the potential revenue losses incurred through PPO contracts. This insight allows practices to make informed decisions about reducing their reliance on PPOs and exploring alternative revenue strategies like membership plans.
Dentistry Unmasked is a podcast by Dental Economics that delves into the candid, unfiltered side of dentistry. Hosted by industry experts, it explores the real-life challenges and triumphs of dental professionals. Topics include practice management, clinical advancements, and personal stories that reveal the true essence of the dental profession. The podcast aims to provide listeners with practical advice, inspiration, and a deeper understanding of the dental industry’s complexities.
Dive into the world of dental innovation with The Automatic Patient Podcast! Join Bentley Folkman and me as we uncover the secrets to streamlining dental practices through innovation. From savvy dental membership plans to cutting-edge practice management, prepare for a treasure trove of expert insights and actionable tips. Each episode is packed with advice from industry experts to turbocharge your practice's efficiency and profitability.