Dental Loans
Save money with $0 merchant fee options!
Offer low payment options for dental costs and
procedures through our quick and easy process!
Dental Services
Clear Aligners
Offer dental loans for clear aligners.
Cosmetics & Orthodontia
Offer dental loans to your patients to improve their smile and the position of the teeth and jaw to overcome an improper bite.
General Dentistry
Offer dental loans for the overall oral health care needs of your patients.
Gingival Contouring
Offer dental loans for gingival contouring.
Orthodontics
Offer financing for the treatment of irregularities in the teeth and jaws.
Implants
Offer financing for dental implants.
TMJ
Offer financing for temporomandibular joint disorders.
Veneers
Offer financing for veneers.
Dental Financing for Providers
As a dental provider, you understand how essential teeth are to our overall health and wellbeing. However, an estimated 74 million Americans lack dental insurance, making the costs of dental procedures a leading deterrent to receiving care. Fortunately, there are effective ways you can improve accessibility and affordability of your patients. Offering dental financing to your patients is a valuable consideration as both a healthcare professional and a business owner. There are multiple ways to do this, so it is important to choose the best option for your practice.
The Benefits of Dental Financing with PowerPay
PowerPay is a financing company that offers several benefits to both patients and providers by working directly alongside them. Some of our highlights include:
- No hidden HCP/ office fees
- Quick payment solutions to help your patients cover their procedures
- Receive payment right away with our instant approval process
- Financial management help for coordinating loans with patients
How do my patients benefit from financing?
There are many benefits for patients when they choose to finance their dental needs. Some of these include:
- No upfront costs. Patients can get the procedures they need without having to pay any upfront costs.
- Lower interest rates and flexible repayment terms.
- Afford procedures not covered by insurance. That root canal or implant is no longer out of reach!
How it Works
As a dedicated healthcare provider and business owner, we understand the demands on your time. — that’s why we pride ourselves on making the enrollment process as simple as possible. When you enroll your business with PowerPay, our team will provide comprehensive training, equipping you to offer loans to your patients seamlessly We also offer a range of resources to help your business get started, including mobile links, printed guides, excellent customer service, marketing assistance and even on-demand assistance for any loan-related inquiries.
Once your team has been approved and trained, your patients can apply directly for a loan via our website or yours by simply clicking a link. Our team will promptly review their applications within 24 hours and assist them in selecting the right loan product, including collection of identity, all necessary loan documents, process of stipulations for any applications that might need more work, and funding. For more support, we have a team on stand-by from 8 AM – Midnight (EST) everyday!
PowerPay’s Concierge service is available for healthcare professionals new to patient financing or seeking additional resources to manage the loan process, our Concierge service is here to assist you. By opting for Concierge, your practice will benefit from a dedicated personal finance manager who will handle the time-consuming tasks associated with the loan process on your behalf
50%
of Americans have less than $600 in savings.
75%
of dealers report financing increases their average sale.
91%
of cardholders feel promotion financing makes their larger purchases affordable.
Why You Should Offer Dental Financing at Your Practice
There are many benefits to offering financing to your patients. To name a few:
- Grow your client base. Offering loans can help you attract new patients who may not have been able to afford your services otherwise.
- Increase customer satisfaction. By offering financing, you can make it easier for your patients to get the treatment they need.
- Improve cash flow. Offering loans can help improve your business’s cash flow by providing you with payment upfront.
- Decrease cancellations. By removing the obstacle of finances for your patients, they will be able to follow through with receiving your service.
Why might a patient need to finance dental care?
In certain situations. patients may face financial constraints and not have the money upfront to pay for the procedure. Alternatively, some patients prefer to distribute the cost of the procedure over a period of time. While dental insurance covers certain procedures, there are others that it does not, either because it is considered an elective procedure or exceeding their maximum out-of-pocket spending limit. Whatever the case, numerous financing options exist to help patients access and afford the care they need and might not otherwise be able to afford.
Win More.
Close more sales by focusing on low monthly payments
Keep More.
Eliminate paying fees to banks and finance companies
Earn More.
No more compromising on price – upsell the project your customer really wants.
Reviews
Dental Loan Financing for Dental Professionals FAQs
How can I offer dental financing to my patients?
To offer dental financing to patients, you can contact a company that specializes in providing dental loans or visit their website. Consider reading reviews written by other dentists about these companies before signing up with them so that you can choose the best option for your practice. Whether you’re paying upfront or your patient is paying later on, be sure to read the fine print of your contract with any financing company.
Will my patient’s credit be hit when they apply for dental financing?
It depends on the loan provider. Some loan providers will check the credit of the person taking out the loan, while others will not. If the credit is checked, it could temporarily lower the score of the person taking out the loan. If you are thinking about offering dental financing, it is important to research different lenders and compare terms.
What are the options for financing dental procedures these days?
Dental patients have multiple options for financing their dental procedures and needs. Many use insurance when and where possible, but for elective dental procedures not covered by insurance, most often dental procedures are paid out-of-pocket, through credit cards, or personal healthcare loans. Ultimately, selecting which method to use depends on what services a patient wants to finance, how fast they want a procedure done, and their financial status. Offering dental financing provides support for patients who may not be able to afford procedures otherwise.
What are other payment options for financing dental care?
Explore Flexible Payment Options:
- Line of Credit: Consider utilizing a line of credit specifically designed for healthcare expenses, providing convenient access to funds for your cosmetic procedures.
- Insurance: Check if your insurance plan covers any portion of your desired treatment, reducing out-of-pocket expenses.
- Credit Cards: Utilize credit cards with favorable terms and rewards to finance your cosmetic procedures.
- Savings: Plan and save for your desired treatments, allowing you to pay for them upfront without incurring any debt.
We understand that each patient has unique financial circumstances. By offering a variety of healthcare financing options, we aim to provide you with flexibility in affording the care you deserve. Choose the payment method that aligns with your needs and embark on your transformative journey today
Offering Dental Loans & Financing through PowerPay FAQ
Visit the PowerPay FAQ for businesses to learn more about offering patient financing for elective dental treatments and procedures, as well as answers to other frequently asked questions.