Dos and don'ts for practice finances: Outside financing

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Think about your patients. More specifically, think about the kind of debt many of them have. A large percentage of people cannot open their checkbooks and write a check for thousands of dollars worth of treatment.

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Be part of the solution. It is nearly impossible in this day and age to offer larger procedures without having outside financing as a payment option. Your case acceptance rate is heavily determined by how easy you make it for patients to pay.

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Don't be scared off by fees. Some doctors resist using outside financing due to the fees. They don't like the idea of having to pay a very small percentage to a financing company. It's really a small price to pay to increase case acceptance!

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