Creating a Steady Stream of Income
You obviously need revenue coming into your dental business if you want it to survive. That isn’t quite as easy as it sounds. Even if you have plenty of patients to fill up your time, there is no guarantee that you will get paid what you are worth, or even that you will get paid at all. The whole issue of receiving fair payment for your services can become discouraging if you do not do what you need to do to help your business thrive.
The good news is that you can get the revenue you need coming into your business in a steady stream. First, you have to set your prices wisely. You can train your staff to work together so patients feel comfortable agreeing to your treatment plans. If you plan carefully, you can ensure that the patient’s insurance company will approve your fee and learn to work with insurance companies to see that they pay you for what you do. If the patient cannot afford to pay all at once, you can offer payment arrangements with the help of a financing company. And, if all else fails, you can hire someone to do the difficult work of past due collections. All these methods can be effective, and all of them are within your grasp.