If you’ve been wrestling with insurance hassles, low PPO reimbursements, and inconsistent revenue, it’s time to take control with an in-office dental savings plan. These plans allow patients to pay a monthly or annual fee for preventive care and discounts, cutting out insurance middlemen and creating financial freedom for your practice.
Ready to ditch the PPO grind? Let’s explore how an in-office savings plan, powered by BoomCloud™, can transform your practice.
What is an In-Office Dental Savings Plan?
An in-office dental savings plan is a subscription-based alternative to traditional insurance. Patients pay directly to your practice for access to services like cleanings, exams, and discounts on additional treatments.
Key Features:
- No insurance claims or pre-authorizations.
- Affordable options for uninsured patients.
- Increased loyalty and recurring revenue for your practice.
Why Launch an In-Office Savings Plan?
1. Replace PPO Revenue
PPO reimbursements often don’t cover the true cost of care. A savings plan allows you to set fair prices and collect payments directly.
2. Predictable Income
With monthly or annual payments, your cash flow becomes consistent and reliable.
3. Build Patient Loyalty
Patients who subscribe to a savings plan are more likely to stay with your practice long-term.
How to Create an In-Office Dental Savings Plan
Step 1: Define Your Ideal Patient Profile (ICP)
Identify the demographics most likely to benefit from your plan, such as:
- Uninsured patients.
- Seniors.
- Small business owners or employees.
Step 2: Design the Plan
Customize a plan that fits your patients’ needs.
Example Savings Plan:
- Cost: $30/month or $300/year.
- Includes:
- Two cleanings.
- One comprehensive exam.
- Discounts (10-20%) on additional treatments.
Step 3: Use BoomCloud™ to Automate Management
With BoomCloud™, you can:
- Automate billing for recurring payments.
- Track MRR (Monthly Recurring Revenue) and ARR (Annual Recurring Revenue).
- Send renewal reminders to patients.
Marketing Your In-Office Dental Savings Plan
1. Email Campaigns
Send targeted emails to uninsured patients or those with expiring insurance benefits.
2. Social Media Ads
Highlight your plan’s benefits on platforms like Facebook and Instagram.
3. In-Office Promotions
Train your front desk team to explain the savings plan during patient visits.
4. Direct Mail Campaigns
Partner with MVP Mailhouse to target local communities and small businesses.
Case Study: Wood River Dental
The Challenge:
Wood River Dental struggled with low PPO reimbursements and uninsured patients seeking affordable options.
The Solution:
They launched an in-office dental savings plan with BoomCloud™, targeting uninsured patients.
Results:
- Active Members: 700+
- MRR: $25,000
- ARR: $300,000
- Patient Spend: Members spent 4x more than PPO patients.
You need software to help you scale if you truly want to help more patients & cut out PPOs!
Quote from Dr. Dan Nelson:
“BoomCloud™ helped us simplify our savings plan management, and our patients love the affordability and convenience.”
The Benefits of Using BoomCloud™ for Your Savings Plan
1. Automation Made Easy
BoomCloud™ takes the hassle out of managing memberships with features like automated billing and reminders.
2. Analytics and Insights
Track key metrics like MRR, ARR, and active members to measure your program’s success.
3. Customization
Create plans tailored to your patients’ needs, whether they’re individuals, families, or seniors.
FAQs
Can a savings plan completely replace PPOs?
Yes! Many practices transition from PPO reliance by offering savings plans that provide better value for patients and more revenue for the practice.
How does BoomCloud™ simplify savings plan management?
BoomCloud™ automates billing, tracks analytics, and provides tools to promote your plan effectively.
How can I market my savings plan to uninsured patients?
Use a combination of email campaigns, direct mail, social media ads, and in-office conversations to promote the plan.
Final Thoughts: Empower Your Practice with a Savings Plan
An in-office dental savings plan isn’t just a way to simplify patient care—it’s a game-changer for your practice’s growth. With BoomCloud™, you can automate the management process, create predictable income, and build lasting patient loyalty.
Ready to Launch Your Savings Plan?
Schedule a free BoomCloud™ demo today and see how easy it is to grow your practice with a membership program.
