No-Interest Payment Plans: 3 Often-Overlooked Reasons You Should Offer Them

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