How To Help your dental practice focus on retaining patients and increasing cash flow.

Many dentists realize that keeping patients indirectly affects their bottom line and cash flow. The majority of dentist are usually constantly thinking about bringing in new patients as compared to keeping the patients they already happy and allowing them to remain a steady customer.

Dentists struggle with keeping patients. So by bringing in more patients it will appear that the monetary aspects are steady when over time it will begin to hurt the bottom line if you cannot keep your patients on a steady basis. 

Many patients are willing to give a new dentist a try but will not stay around for long if they are not happy with the service.  It is important to focus on keeping your patients because if you find them constantly leaving to go to other competitors then you need to find out internally what is the issue. 

Marketing your practice is important but if you can't keep patients it is a waste of time. Of course there are things you can't control but if you find out what the problem is the current base of customers can allow you to use them to refer even more new client to you and help you save marketing dollars in trying to bring in new patients.   

Some of the reasons dentist lose patients is because they move to another area. This is something that is not the fault of the dentist and can't be helped.  All the dentist can do is find more customers to fill the void of a patient client that moves.

Some dentists are unaware they make their customers feel uncomfortable or make them feel as though they are not being attentive to their teeth while gone and then do not want to hear this so they go to a new dentist and start over fresh.  Be sure to make each of your patients feel welcome and not embarrassed if they haven't done the proper maintenance in between visits. 

If a dentist has found the root problem why they are unable to retain patients then they realize they will increase their cash flow.  Once a new influx of patients come in through marketing programs the bottom line will increase if the customers are retained and refer in new customers.

This process can take time however and in the meantime the dentist may need additional working capital to add staff, pay bills or buy equipment.

There are alternative funding sources such as Small Business Loans Depot that offers bank statement loan programs  and many other programs that allow chiropractors to receive the working capital needed to add staff or purchase equipment or keep the cash flow to allow proper operation of the business. 

It is important for a dentist especially a newly opened practice to ask for help and find alternative funding. Small Business Loans Depot offers many programs that allow dentists to have working capital that may be used for any purpose.  To qualify you will need at least 4 months in business and have 3 months of verifiable revenue.  

If you are looking for additional cash flow or working capital, contact Ed Rogers at Small Business Loans Depot. 919-771-4177. 

Growing your dental practice through a bank statement loans program.

A dental practice is a business that is very important to the public and it is also a service.  Many dentists don't become dentists to become rich although many do get into the business to earn a very good living.  Also many dentists are looking to help people and help them feel good.  

Many dentists are good at dentistry but not so good at marketing. Many times the public has a negative impression about the dentist and associates the dentist with pain.  One of the first things good dental marketing has to deal with is easing a potential customers fear of coming to the dentist. 

Once this is accomplished, the dentist will see an increase in clients.  One of the ways to increase the the bottom line of the dentist is by having an increase in the total number of new patients that come to visit.  If a good job is done the new patients will tell friends and family and then the number will exponentially grow to allow the dentist to have a healthy growing practice.

One way to increase the client base is by increasing the amount of hours the dental practice is open. This will be seen by the public as giving good customer service. By increasing the total number of hours it will make it easier to accommodate your clients needs and allow you to work around their schedules. 

If you are unable to offer extended hours, consider changing them to something that will fit the public's schedule.  You may want to offer open hours after the normal business hours or switch your days off from the weekend to midweek.

In order to market the business properly a dentist must have working capital to add staff, pay bills and also increase the reach of the marketing campaign.  All of these things cost money. 

In many cases new dentists that only have 4 months established business can rarely get a bank loan to receive working capital through a bank statement loans program. 

Small Business Loans Depot offers a program that allows dentists with at least 4 months in business and 3 months of verifiable references to receive working capital with a simple 1 page application.

Once the dentist receives the working capital funds, they can then purchase the inventory to handle the increased client base brought in from the additional marketing that is done with the additional cash flow that the dentist now has.

If you are interested in learning more about our cash flow and working capital programs call Ed Rogers at Small Business Loans Depot. 919-771-4177.

Adding patients to your dental practice by increasing cash flow through bank statement loans.

Dentists are always looking to bring in new patients. The best way to bring in new patients is by asking your current satisfied customers to tell 1 other person about your practice and what they like about it.  You also should consistently contact your roster list of clients who have not yet received follow up care.

Ideally if you can hire a part time telemarketer in the evening for about 3 hours, this is sufficient enough time to bring in new clients that are in need of your dental services.

By hiring a telemarketer , you will need to contact each patient and discuss their current dental difficulties. Once this is covered with the patient then you can discuss the benefits of additional dental care and ask for an appointment to come in to get it taken care of.

At this point have your telemarketer inform the client in regards to dental wellness education.  This is very important for your practice gives your office the ability to be known as a problem solver and important part of the community. 

Another way to bring in additional clients is to set up an office seminar series. An in-office dental seminar displays the dentists ability to apply itself to various dental conditions and helps to soothe the client's unease regarding dental practice treatments and make them aware there are now pain free services available. 

The seminar topics can cover subjects such as updated nutritional help for specified dental conditions and integrating movement into a patient's daily life. Your seminar can also cover dental health and maintenance.

Your dental seminar can also tailor special topics based on specific patient needs.

Exhibiting your practice at a health fair is a great way to showcase your business to the public.

A health fair gives your business direct access to the public and allows you to meet potential clients and at the same time show the benefits of receiving dental care. .

Local hospitals, city newspapers, colleges all are great sources to find out when the next dental health fair will be in your area.

If cost is an issue and your practice does not have the cash flow to put together an adequate marketing program you may want to consider a bank loan. An average marketing budget and run as low as $2000 or as high as $10,000 a month. Please realize you must spend wisely to get the best return on investment.

If you have a new practice with at least 4 months in business and 3 months of verifiable revenue, you will qualify for a cash flow or bank statement loan through a bank statement loans program. Contact Ed Rogers at Small Business Loans Depot 919-771-4177 to learn more details. 

Once your funds are established you will be able to begin by finding a marketing consultant to discuss your ideas and receive feedback on the best way to begin marketing your business.

The road to a steady flow of new patients starts with a good marketing program. Take the steps necessary as soon as possible to bring in as many new patients who are looking for the solutions your dental practice has to offer.