Have you thought about offering a patient membership plan but aren’t sure where to start? Or are you wondering about different options that could be added to your current patient membership plan?
As more dental practices are moving to offering membership plans to their patients, how to charge for these plans can be confusing when considering what options to offer, etc. In this episode of Beyond Bitewings, Ash and Robert and are joined by Katie Franklin, Director of Illumitrac Software, to discuss why patient membership plans are becoming so popular for dental practice owners, and what you need to know about adding such a plan to your practice.
Katie discusses why it is so important to focus on the relationship between the patient and the practice first when creating your membership plan, and why some states are cracking down on how practices are charging for these plans.
They also talk about how dentists can customize their own plans and the different options typically seen. Plus they talk about the benefits of having a patient membership plan and why it goes far beyond just offering an option for those who don’t have insurance. A patient membership plan can also be an option for your insured patients because most dental insurance plans only offer limited reimbursement. And with the cost of dental services going up, this can help patients.
Katie discusses what types of practices are ideal candidates for patient membership programs and why this strategy can benefit so many. She also talks about why, if you’re thinking of selling your practice in the near future, adding a patient membership plan can potentially increase your sales price.
Katie also announces a generous offer for all Edwards & Associates listeners, a reduced rate of $149 for Illumitrac’s initial fee. If you’d like to learn more and take advantage of this offer, visit: https://www.illumitrac.com/ and schedule a demo.
If you have specific questions about membership plans or if you’d like to have another question answered on a future podcast, please reach out to the Edwards & Associates team.