How to Generate Sales and Increase Revenue for Your Dental Practice

Remember, a good marketing strategy is the first essential step towards putting your business on the map. When you can offer patients a way to gain access to the expensive dental work they need at a price they can afford, your approach must be easy to explain, simple to understand, and convenient enough for the patient to participate. 

At Fund My Contract, we make it easy for you to educate, enroll, and approve patients who want affordable, high quality dental care. 

Giving your patients access to this financing helps generate more revenue for your practice and puts that important dental care within reach for patients who couldn’t afford it before.

But they won’t know it exists or that you offer this kind of opportunity unless you know how to market it to the public. Consider the following selling points to help educate your patients about this genuinely unique financing platform:

Patient Financing Programs

Your practice is offering a range of financing products from our pool of third-party lenders that are ready to work with your patients. They need not have perfect credit histories nor excellent scores. Our pool of lenders include many entities willing to work with less than perfect credit.

Fund My Contract has created a way to make long-term financing more accessible to those who would be more likely to utilize it for having costly dental work performed. These lenders have affordable payment options for eligible patients to be approved at credit scores as low as 580.

Reducing the barriers for approval at lower thresholds generates more revenue for your practice and allows you to take on new patients who may not have been able to engage your services due to an expensive bill. But without having to pay out of pocket all at once, you increase sales, help those patients get the care they need, and your dental practice can continue to grow. 

Easy Applications

Everything about the process is made to be easy. Easy to apply. Easy to get approved. Easy to be funded.

You present a patient with the various different financing programs you wish to offer, the patient will choose the program that fits best. That program may offer lower payments or easier terms or the most competitive rates. Your practice sends the patient an application that can be filled out digitally on any wi-fi connected device.

Credit Impact

Your patient may be wary of filling out the application because they are concerned about the impact it could have on their credit. It is important to stress that submitting an application to our pool of lenders results only in a soft pull of your patient’s credit report. This is done solely as a means for determining which loan programs are available to that applicant.

A soft pull has no negative impact on the patient’s credit score or history. But once the patient has received a pre-approval on the program they wish to engage in, a hard pull is then made on their credit history to determine if they can be approved for the amount necessary to have their dental work performed. 

When the preliminary credit check does not affect the patient’s credit report, they are more willing to enter into a potential lending agreement with the Fund My Contract pool of lenders and you can build your clientele faster and earn the trust of new patients.

Word of mouth can easily spread that your practice not only does the best dental work but offers the best lending opportunities for financing that dental work at manageable terms.