Why You Need Patient Financing in Clear Aligner Treatment
Clear aligners can be termed as one of the best inventions in orthodontics and are extremely popular among patients looking to straighten their teeth. It is transparent, convenient, and mostly takes much less time than traditional metal braces in treating malocclusion. However, clear aligners are made from premium quality raw material and need high-grade technology. Thus, the expenses that tag along may not be pocket-friendly for all patients. In this blog, we’ll tell you why patient financing is important for you and your practice in clear aligner treatment.
Cost for clear aligner treatment
Clear aligners are transparent plastic trays that are customized to fit a particular patient’s teeth. As any practicing orthodontist would know, the treatment depends on how complex a patient’s case is and how long it will take to straighten the teeth. Hence, the cost, too, depends on these two factors. Thus, the longer the treatment time, the more would be the number of trays required. Now, the trays are made from high-quality, medical-grade polymers, which could be expensive, thereby hiking up the total cost of the treatment.
Importance of patient financing
Now, even if a patient is ready to undergo clear aligner treatment to get the much-desired beautiful smile, they may not be in a position to spend as much. In addition, if their insurance coverage does not include dental treatment, they tend to opt out even more. But patients not choosing to undergo treatment due to high expenses is not good news for either their dental health or an orthodontist’s practice. Here’s where patient financing comes to help. They help reduce out-of-pocket costs for the patients to a large extent, thereby helping them to avail of clear aligner treatment. Especially in the aftermath of the ongoing pandemic, most people might prefer going for such treatment only if suitable financing options are available.
Types of financing available
You can opt for packages for your patients instead of making them pay upfront for their clear aligner treatment. Payment plans like installments over the treatment period make it affordable and much more feasible.
You can assist your patients in paying for their clear aligner treatment by tying up with third-party lenders who pay upfront on behalf of the patients. The patients repay the lender later.
Insurance, HSA, and FSA:
Most insurance plans cover all types of dental treatment. You can help your patients in understanding the coverage limits of their insurance, HSA, and FSA.
Patient financing is one of the important aspects of clear aligner treatment. It helps your patients to continue with their much-needed teeth-straightening journey while also adding to your revenue.