Dental Memberships Increase Recurring Revenue and Build Patient Loyalty

The demand for dental memberships has been growing steadily in recent years. Memberships increase patient loyalty by reducing the consumer’s need for  price shopping. Higher loyalty leads to increase interactions and patient compliance, which in turn increase revenue. All this is because a dental membership provides an affordable, fixed-price plan that covers the necessary treatments and services a patient may need throughout the year. Most dental practitioners offer different membership tiers that cover varying levels of care, allowing consumers to choose the best plan for their needs and budget.

With recurring billing systems, dental memberships can make it easy for patients to stay up to date on their treatments and provide a predictable income stream for the practice. One of the most significant advantages of dental membership plans is that they encourage preventive care, helping to reduce the risk of dental health problems in the long term.

Dental practices grow with memberships:

Dental memberships are tailored to meet each patient's unique needs, ensuring they get the care they need at an affordable cost. With a membership plan, one can receive discounts on certain dental services and routine care, such as teeth cleanings and exams. Instead of charging at the time of service, membership plans often charge a monthly subscription fee that is spread out over the plan period. Research shows that for 12% of participants, the "cost of dental treatment" was a barrier. A tiny percentage of persons (3%) were put off by "fear of the dentist or dental treatment.

Dental practices with regular consumer payments have an advantage thanks to their established clientele. There is no need to increase marketing or advertising costs to attract this demographic.  As a result, these companies can maximize their profits and focus on providing quality services and products to their loyal customers. Patients will be motivated to visit the dentist more often when they don't have to worry about the cost of care for every visit. More visits mean more dental checks, resulting in fewer potential dental problems down the line. The best thing is that these membership plans are often very flexible and can be customized to the patient's specific needs.  This improve the dental practice bottom line and the business value. When it comes to potential buyers and investors, subscription-based firms are worth up to 2.5 times as much as traditional enterprises. This makes perfect sense.

PlanSplit is the best place to manage dental memberships:

PlanSplit is recurring billing software that allows dental practitioners to create and sell flexible and customizable dental membership plans, packages, memberships, and subscriptions to their patients. By leveraging PlanSplit's software, dentists can offer affordable dental care to their patients while generating recurring revenue and establishing customer loyalty.

The value-based solutions increase client satisfaction while increasing and stabilizing monthly recurring revenue (MRR) for the dental practice. PlanSplit has built-in merchant processing and billing support, allowing dentists to focus on the value they offer and the quality of care they provide without worrying about the billing administration. PlanSplit is automated and human supported to handle everything from sign-ups, collections, renewals, and cancellations to enable dentists to focus on delivering the best possible care to their patients.