Townie® Poll

Personal and Patient Financing

Poll conducted from 9/2/2008 To 10/3/2008

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

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