How 0% financing options can increase profit margins in your dental practice?
The benefits of 0% financingPatient financing is a critical aspect of your business. But, as a dental practice, you are often the one who pays the cost of patient financing services with fees and interest rates. And while this may not seem like a significant expense at that point, with time, it becomes substantial. A dental practice that finances at least 3-to 4 patients every month can potentially save thousands of dollars every year as a result. Our financing options come at 0$ cost to you in most and a marginal fee in some cases and leads to a significant increase in dental practice profit margin. In most patient financing options and third-party loans, the additional fees hurt the business profit by taking away a substantial portion instead of helping the business grow. The 0% dental financing option reduces overheads by taking away the burden of financing fees of the dentist, thus adding to your dental profit margins. Easy loan approvals mean more patients, and with 0% financing costs, dentists see about a 30% average increase in their practice revenue and profit margins. This allows the doctor to focus on his core work and new patient acquisition rather than dental practice profit margins. Not only that, the FXPay financing options come with several additional benefits, including.
- 100% Approval: We approve all of our patients regardless of their credit score.
- 0% APR Plans: We provide affordable payment plans to your patients, including zero-interest loans when paid back fully within 24 months.
- Instant Application: Our loan approval process can be completed as fast as 2 mins, allowing practices to do same-day case starts.
- Cover Related Dental Procedures: We finance associated dental procedures for aligner therapy.**