How Dental Patient Financing Has Changed the World for the Better

Getting dental procedures done is no-longer expensive. With the introduction of patient financing, affording even expensive treatments has become easy. Whether it’s for dental procedures or any other medical treatment, patient financing has brought a revolution in the healthcare industry. 

What exactly is patient financing?

Patient financing has a plethora of benefits. It covers you from any mishappening and helps in fighting against diseases and health risks. Also, it is beneficial for federal income tax. It covers your medical bills, day-care surgeries, hospital bills, ambulance coverage, and cosmetic surgeries. The list is endless. As our lifestyle changes, due to the tectonic shift, it would be unwise not to have your health covered and financed.

How does Denefits patient financing help in retaining patients?

Denefits patient financing plan can actually help your practice to retain as well as expand the patient base. Once you offer Denefits patient financing plan to your patients, 

They can pay for the treatments, conveniently: Denefits offers the patients to pay medical bills in installments, monthly or even yearly. Hence, patients don’t have to think about unexpected medical expenses.

They feel privileged: Denefits patient financing plan makes patients feel privileged. They get instant approval that too without any credit checks. They get an option to choose the best practice in town.

They trust your practice: When you confer them with the best financing plan, you gain your patient’s trust. You and your patient then start to work on a long term and fruitful relationship.  

They might not have to think about out-of-pocket medical bills: Ailments are indeed unexpected and might weigh on your patient’s pocket. With Denefits patient financing services, they don’t have to worry about these sudden expenses. 

They will recommend you to their acquaintances: You give the best service, we bet, your patients will definitely promote your practice. This is all about give- and-take policy. You provide extraordinary service to them, your patients will stay loyal to your practice. 

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Top ways to finance an expensive dental procedure

Dental procedures are really expensive. And this is one of the biggest reasons that people avoid going to the dentist.

According to a report by the Federal Agency for Healthcare Research and Quality, from 1996 to 2015, there was a 23% increase in the cost of dental care per person.

Having said that, putting your health at risk because of expensive dental procedures is not wise. Oral health is related to overall health and risking it, can lead to serious health issues, like heart problems.

Dental insurance plans are often sold separately as most medical plans do not cover it. Also, it should be noted that even if you have a dental insurance plan, it does not guarantee to cover the cost of an expensive procedure.

However, there are ways that can help you pay for your expensive medical procedure. For instance,

Insurance for Dental procedures

When you opt for medical insurance for dental work, it may offer coverage for the procedures it considers ‘medically important’. Also, these procedures may differ from provider to provider. As mentioned, dental health can potentially impact the rest of the body. And, there can be a slight difference between what’s considered a dental procedure and medical procedure. Hence, all dental procedures aren’t covered the dental insurance. So, if you opt for insurance for dental work, do not forget to ask the insurance company the procedures it will cover.

Payment plans offered by your dentist

Considering the fact that dental procedures aren’t cheap and people find it difficult to afford them, dental offices have introduced patient payment plans option. It allows patients to pay for dental work in convenient monthly installments. Hence, paying monthly becomes easier for the patients rather than paying an upfront lump sum amount. Some companies who offer payment plans consider checking their credit scores. However, there are companies such as Denefits, who instantly approves the customers as there is no credit score. This way you can afford any dental work and you are just required to pay a monthly amount.

A health savings account

A Health Savings Account or HSA is another option to finance your dental work. It gives you the ability to put pre-tax money each month and then use it to pay for medical expenses, which also include dental work. HSA also helps to lower your overall health care costs as it pre-taxed money.

Dental Loan

You can also consider taking a personal loan. A personal loan can be used for anything and because of its flexibility, people use it to pay out-of-pocket medical expenses.  But it should be noted that personal loans have a higher rate of interest. So, paying back the amount may become challenging for people who are on fixed incomes.

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Were you denied 🦷dental financing by CareCredit?

When it comes to getting financing for dental work, CareCredit and similar traditional lenders will only approve 4-5 patients out of 10*. It means that more than 50% of applicants that are seeking dental treatment may still need an alternative to CareCredit. This leads us to the question; Is there any dental financing institution in the US that can approve these rejected applications when other patient financing companies won’t?

*Reason: Traditional lenders approve applicants based on their current credit score or credit history.

Why dental patients are opting for Denefits? 

The ever-rising cost of medical insurance plans and high copays/ deductibles have forced the patients to look for alternative dental financing options. These cost associated with most healthcare plans often gets so expensive that most patients struggle to make timely payments.

Denefits offers perfect dental patient financing for you and your family. Denefits patient financing covers all medical and cosmetic procedures. Applicants can bear the full cost of dental procedures with Denefits dental financing services.

How to instantly afford expensive dental treatments?

Use Denefits to get the most affordable payment plan options compared to any other traditional lenders. That too, at reasonable interest rates.

The bottom line 
The inflexibility of healthcare insurances and medical credit cards has opened new channels for the dental financing market to blossom. In this era of increasing costs of dental treatment plans in the US, dental financing companies have become a necessity.
The innovative financial ideas of Denefits in social patient financing have made patients free from the worries of the complicated health insurance plans tangled with the terms and conditions.

Denefits dental patient financing can be tailored to meet the needs of the patients and service providers. These payment plans can also be opted by the patients of limited or low-income brackets.

We embrace this new digital age & bring innovative financial ideas for your medical needs. If you wish to have more info, please visit https://www.denefits.com/ or call us at our helpline number (+1) 833-336-3348 [Toll-free]. You can also write to us at support@denefits.com

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Enhanced dental patient financing options for Orthodontic treatments

Orthodontics is formerly referred to as orthodontia. This branch of dentistry deals with the diagnosis and correction of malpositioned teeth or jaws. Orthodontists specialize in giving patients the beautiful smiles by straightening their teeth. But many patients can not afford the recommended procedures due to involved high costs. Moreover, these procedures are considered cosmetic, so they are generally not covered by most insurance companies. But all that was a thing of the past. Denefits dental patient financing can pave the way for your patients getting the beautiful smiles they deserve. Denefits financing for dental work removes the barrier of treatment costs and lets you finance all your patients, who are seeking a financing option.

Enhanced payment plan options for dental care

“A healthy smile can say a thousand words and it’s the best cosmetic that one can have. 

Use Denefits dental financing for patients for dental braces and help your patients smile, forever”.

Denefits - Financing Any Customer

The first stage of an orthodontic treatment starts with the assessment of the state of your teeth and how they're likely to develop. This process usually requires X-rays, plaster models, and photographs of your teeth. Once the complete picture emerges, your service provider can choose the best method for dental corrections. 

There are many types of orthodontic treatments available depending upon the intensity of your problems.  For instance, your orthodontist can recommend either fixed appliances (like braces, special fixed appliances, & fixed space maintainers) or removable appliances (like aligners, jaw repositioning appliances, palatal expander, removable retainers, & headgear). 

However, in everyday experience, most people are not able to consult orthodontists due to associated high treatment costs. Such avoidance or delay in the desired orthodontic treatments keeps the patines away from bearing a beautiful smile that they wish to have. Hence, it is always recommended to opt for affordable dental financing for patients.  

The average cost of Orthodontic Treatments

The orthodontic procedures and treatments include Bonding, Braces, Panoramic X-Rays, etc. The average costs of some of these procedures are as below.

Bonding – $300 to $600 per tooth

Braces – $4000 to $6000

Panoramic X rays – $60 to $150

Straightening crooked teeth - $3,500 to $8,500

Treating an improper bite: $2,000 to $4,000

How can Denefits help you in orthodontic financing?

Denefits dental financing for patients can help you to get the desired oral surgeries. Denefits makes paying for out-of-pocket expenses a lot easier. Unlike traditional financing, Denefits payment plans are a great way for patients who wish to afford oral surgeries. Denefits dental financing options for patients ensure instant processing, 100% approval, dental financing with no credit checks, NO hidden fees, low-interest rate, flexible financing terms, and letting the patient's loved ones be their helping hand (through our Social Healthcare Payments™ option, patients can raise funds for their medical bills). With Denefits payment plans, patients receive dental care when they need it, and pay you in monthly affordable payments. Your practice revenue rises as you get to retain more patients. 

Finance All your Procedures with Denefits 

With Denefits payment plans for dental work, you can finance your patients for any treatment or procedure you offer. You can get financed for all the medical tests, procedures & treatments offered by your provider with Denefits payment plans. With Denefits dental surgery financing, you can finance your patients for any medical test or procedures you offer. Here is a list of common tests or procedures that most Orthodontists use Denefits for, to finance their patients for their financing needs.

• Adjustments
• Aligning the tips of the teeth
• Asymmetrical teeth
• Bonding
• Boosting the long-term health of gums and teeth
• Braces
• Closing wide gaps between the teeth
• Crossbite
• Crowding
• Impacted teeth
• Impressions
• Improving speech or chewing ability
• Misplaced midline
• Open bite 
• Overbite or "buck teeth" 
• Panoramic X-Rays
• Preventing long-term excessive wear or trauma of the teeth
• Protruding front teeth
• Spacing 
• Straightening crooked teeth
• Treating an improper bite
• Underbite
• Wax Bite
• Also, many more

Affording your orthodontic treatment was never easier before. Now you can get financed for all the procedures & treatments offered by your dentist with Denefits payment plans for dental visits.

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