With the dental sector growing at a decidedly healthy rate, more and more practices are looking for ways to increase their own share of the business.
By 2017, the dental market is projected to be worth in excess of £9bn, of which £6bn will come from cosmetic and private dentistry. In essence, demand will far outweigh supply, so it should be a great time for dental practices to make hay while the sun shines. The frustration comes when patients who desire or require treatment end up walking out of the door due to a lack of funding options.
Whilst practices can now offer short-term credit under FCA guidelines, this still leaves a huge gap in unfulfilled treatment where longer term payment options would benefit both the practice and the patient.
My Patient Finance are now able to provide treatment finance to practices across the UK, regardless of whether they have a credit license or not. Having recently acquired ‘Principal status’ with the FCA, we are now in a position to recruit dental practices under our own licence, negating the lengthy, costly, and onerous task of applying directly to the FCA.
Practices can be up and running in as little as 5 working days, and can immediately start to offer a variety of attractive finance options to their patients.
Patients can choose to spread the cost of their treatment from anything between 6 months and 5 years, making treatment more affordable than ever.
The simple process is conducted online and can be completed in-practice or by the patient in the comfort of their own home.
Response has been excellent and many of our clients are already seeing the huge benefits of increased treatment uptake, improved cash flow, and greater patient satisfaction.
If you’d like to join the crowd or find out more, visit us at www.mypatientfinance.co.uk or call us on 0161 356 0346.