Convert Uninsured Patients into Paying Customers with StrongBox
The benefits of dental insurance are clear. According to the National Association of Dental Plans, preventive dental treatments can lower medical costs by 31 to 67 percent. Despite the advantages, a growing number of uninsured patients are forgoing dental insurance. This can place a financial barrier between dental care providers and patients.
Uninsured Patients and Seniors are Going Without Dental Insurance
According to the National Association of Dental Plans, an estimated 5.2 million Californians (14 percent of the state population) lack dental insurance. The health implications for the lack of dental insurance are “significant,” a recent article in the Desert Sun noted. In California, that’s twice the rate of medically uninsured. The article noted that there is a strong correlation between overall health and gum disease.
Research suggests that heart disease, clogged arteries, and stroke might be linked to gum disease, according to the Mayo Clinic. The Harvard Medical School has found that individuals with gum disease are at two to three times the risk of having a heart attack, stroke, or other serious heart condition. Seniors constitute the largest group in California without dental insurance. Around 2.5 million seniors lack dental insurance, according to the Desert Sun.
Around 37 million Americans who use Medicare lack dental insurance, according to the Henry Kaiser Foundation. Many of those beneficiaries, along with low-income individuals, forgo dental treatments and exams. That growing dynamic is bad for patients’ health. And it’s bad for your dental practice. So how can your dental office convert uninsured patients into paying customers? By incorporating StrongBox eSolutions’ patient finance and revenue integrity options.
StrongBox eSolution’s Revenue Integrity and Finance Options
StrongBox offers our cloud-based SaaS platform to dental care providers that will allow your dental business to serve uninsured and underinsured patients utilizing our risk minimizing, profit and efficiency maximizing cloud platform.
When patients know that they can access easy-to-use and affordable financing, they will be more likely to pursue dental services. By integrating our patient financing into your practice workflow, patients will have the option to apply online via a finance portal and your website as well as work with your practice administrators to work with the patients to apply for dental care financing. The online application can be completed in only a few minutes. Once the application has been financed, your business can receive the funds. StrongBox partners with a strong pool of trusted top-tier lenders.
Our revenue integrity platform delivers flexible payment options to your patients, which allows your business to maximize profitability while lowering your risk profile. Insured and uninsured patients are increasingly expecting flexible online payment options. StrongBox recently launched StrongBox Mobile to add payment options through smartphones.
Patients can initiate payments online via our integrated on-line patient payment portal alternative or via mobile phones. Our digital solutions provide a seamless experience to your patients at every step along the revenue cycle.
Gain the Benefits of StrongBox’s Revenue Integrity and Finance Options
The growing number of uninsured Americans does not have to be a drain on your dental business. StrongBox’s patient finance and revenue integrity solutions allow your patients to sculp affordable and convenient payment plans so that they afford important dental treatments. In the long term, those preventive treatments will help them avoid more costly procedures. To schedule your consultation with our Boca Raton office, contact our staff online or call us at (855) 468-7876.