108 AUSTRALASIAN DENTIST FINANCE Did you know that cost is the number one reason patients delay or avoid dental care? Managing a dental practice means balancing exceptional patient care with business demands, yet financial concerns often force patients to postpone or decline treatment. This affects patient outcomes, practice revenue and even reputation. Rising operational costs, increased competition and limited knowledge about financing add further challenges. Elevant, your trusted personal loan provider, offers flexible payment solutions that remove financial barriers – helping more patients say yes to treatment while supporting practice growth. Streamlined financing solutions for dental practices According to the latest 2023/24 Australian Bureau of Statistics (ABS) Patient Experiences report, cost remains a major obstacle to dental care. The report highlights the groups most affected: u 19.4% of women and 15.4% of men. u 25.1% of people aged 25-34. u 20.8% of people with long term health conditions. u 27.3% of those living in socio-economic disadvantage. The graph below demonstrates that across all socio-economic groups, people are more likely to delay or forgo dental treatment due to cost compared to other health services. This highlights the need for accessible financing options to help patients receive timely care while supporting practice growth. Elevant offers streamlined financing flexible options: u Interest-free short-term dental loans starting at $2,001 u Interest-bearing long-term dental loans for larger treatments With financing solutions tailored Driving growth in dental practices through flexible financing to patient needs, practices can improve treatment acceptance, increase revenue and enhance patient satisfaction – all without added financial strain. Flexible patient options Patients can spread dental payment plans over 3 to 60 months, depending on the loan they choose. This ensures affordability without compromising care quality, enabling access to care when they need it – not just when they can afford it. How does it work? Elevant’s online portal simplifies the process for dental practitioners, making it quick and easy to submit, lodge and approve patient loans. Most loans are completed in less than 48 hours. Real-world benefits Increasing treatment acceptance rates: Flexible payment plans make it easier for patients to proceed with recommended treatments. Partnering with Elevant can increase acceptance rates and reduce missed opportunities for financing essential dental care. Boosting revenue and growth: Financing supports practice growth by increasing transaction values and creating consistent revenue streams. Patients using personal loans for dental work may also choose full dental care rather than limited treatments. Expanding patient accessibility: Elevant’s financing options allows patients to prioritise their dental care, strengthening patient loyalty while positioning your practice as a trusted community provider. Seamless integration, optimal performance A standout Elevant feature is its easy integration. Onboarding is quick, intuitive Proportion of people 15 years and over, delayed or did not use selected health services when needed due to cost in the last 12 months. and fully supported by Elevant’s team, with minimal disruption to your operations. Once in place, your staff can easily offer financing options during treatment consultations, reinforcing trust and professionalism. Reliable support: Elevant is more than a service provider, they’re a partner in your success. End-to-end assistance ensures a smooth integration, leaving you free to focus on patient care. Streamlined workflows: Forget complicated financing processes. Elevant’s system integrates seamlessly with your existing operations, reducing stress and saving time for your team. Build community trust through patient-centric financing Flexible financing isn’t just a service – it’s a statement about your practice’s values. By partnering with Elevant, you’re signalling to your community that patient-first care and financial accessibility are at the core of your mission. Attracting new patients: Word travels fast when a dental practice goes above and beyond for its patients. Financing options make your practice stand out, attracting more patients seeking affordability and quality. Boosting patient loyalty: When you prioritise accessibility, patients notice – and they stay. By removing financial barriers, you strengthen long-term relationships that drive repeat business. Encouraging referrals: Flexible payment plans for dental procedures create patients who become your greatest advocates, inspiring trust and creating positive wordof-mouth, helping to expand your practice organically. Goodbye to barriers. Hello growth In a competitive dental industry, practices need more than clinical excellence to thrive – they need modern solutions that enhance patient satisfaction and business growth. Elevant’s flexible financing bridge the gap between expertise and patients’ needs. Break down financial barriers and elevate your practice. Contact Elevant today to empower your patients and drive growth. Learn more about how flexible finance can transform your dental practice at elevant.com.au
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