A common misconception is that in-house payment plans are risky and result in a low collection rate. When set up properly, an in-house payment
plan can result in greater case acceptance and a higher collection rate. In fact, when compared to third-party financing options, in-house
payment plans can result in more revenue for the practice and save patients money.
At Breakaway, we have a designated team trained to set up and monitor in-house financing plans. With our systems, our team creates the payment
plan in minutes, and checks the payment statuses on a daily basis. When patients miss a payment, daily reports are used by our patient accounts
receivable and collections team to collect on money owed, giving your practice the support it needs to become financially successful.
Many potential patients need help financing their dental care. Whether they have a dental plan that has poor coverage or no insurance at all, they
still need access to quality oral care. An in-house payment plan gives you access to a large pool of potential patients in your local area
that can be loyal, quality patients for many years to come. Giving your patients financial options can improve your retention rates, reducing
the costs of marketing to new patients.
Besides risk, one of the biggest concerns of dentists when considering an in-house payment plan is the time needed to manage these accounts. Breakaway
makes this a non-issue by managing the payment plan for your practice. Our team can manage all aspects of these accounts for you, giving your
practice the ability to gain more patients without an added workload for your staff.
Fill your schedules and add more new patients and revenue to your practice by creating an in-house payment plan. Breakaway Practice will make it
simple and easy by setting up and monitoring your plan for you.
AVERAGE NUMBER OF IN-HOUSE PAYMENT PLANS CREATED PER MONTH
AVERAGE ADDITIONAL INCOME PER MONTH PER PRACTICE FROM IN-HOUSE PAYMENT PLANS