Aug 19, 2022
Practices that use patient finance companies spend around $15,000 to $30,000 per year on "discount fees." Moreover, dental practices that run recurring card payments through in-house or practice management software-driven payment plans also lose thousands of dollars per year in merchant fees. Fortunately, there is a much better alternative: DOCPAY.
Today, I'm joined by Ron Barnett, CEO of DOCPAY, to discuss the benefits of offering interest-free payment plans to your patients compared to traditional third-party financing. Tune in to find out more!
You'll learn how DOCPAY provides a reliable way to get paid, why it's a fantastic choice for patients, and how it can help you keep all that hard-earned money in your pocket - instead of the pockets of finance companies and card processors.
Key Takeaways
- Intro (00:00)
- Ron's background and how DOCPAY came to be (01:33)
- Why DOCPAY is different from other third-party financing companies (02:33)
- The main reason practices should consider using DOCPAY (10:50)
- The benefits of using DOCPAY's online payment portal (16:47)
- Why practices lose so much money on merchant services fees (17:39)
- Special offer for 'The Raving Patients Podcast' listeners (24:29)
- Lightning round questions (26:43)
Additional Resources
Learn proven dental marketing strategies and online reputation management techniques at: https://www.drlentau.com
Learn more about DOCPAY and get a special offer at: https://docpay.com/ravingpatients
This podcast is sponsored by Cloud Dentistry, the largest dental talent marketplace. Find out more at: http://www.clouddentistry.com/Len