Creating an in-house dental savings plan is like designing the ultimate VIP club for your patients—without the velvet ropes, cover charges, or overpriced martinis. It’s your golden ticket to predictable revenue, patient loyalty, and freedom from the soul-sucking grip of PPOs. Sound good? Heck yeah, it does!
But here’s the kicker: launching a successful savings plan isn’t just about slapping a price tag on some perks. It’s a strategy. A game plan. A revolution in your practice’s business model. And with BoomCloud™ in your corner, it’s also ridiculously simple to pull off.
Ready to build your membership empire? Let’s dive into 8 fun, edgy, and actionable steps to create an in-house dental savings plan that will knock your patients’ socks off (and maybe yours, too).
Step 1: Define Your Dental Savings Plan Goals
Before you whip out your calculator and start crunching numbers, you need a clear picture of what success looks like.
- Are you trying to wean off PPOs?
- Want recurring revenue?
- Need to attract uninsured patients?
Pro Tip: Think of your savings plan as a monthly subscription service, like Netflix, but for teeth. It’s gotta be binge-worthy.
Step 2: Choose Your VIP Perks
This isn’t your run-of-the-mill punch card at the local coffee shop. Your dental savings plan needs to pack serious value. Patients want something that screams, “Yes, I NEED this!”
- Include routine cleanings, exams, and X-rays.
- Toss in discounts on major treatments like crowns or whitening.
- Add extras like priority scheduling or freebies (who doesn’t love free stuff?).
BoomCloud™ makes it easy to bundle these perks into an irresistible package.
Step 3: Set Your Pricing
Here’s the fun part: pricing your plan. The sweet spot is affordable for your patients but lucrative for your practice. Think $25 to $50 per month—that’s the Goldilocks zone.
- Calculate your costs.
- Factor in the value of discounts patients will receive.
- Leave room for profit, because, duh, you’re running a business here.
Step 4: Automate Everything with BoomCloud™
This is where the magic happens. BoomCloud™ isn’t just software; it’s your personal savings plan assistant.
- Automate Enrollment: Patients can sign up in seconds—online or in-office.
- Billing Made Easy: Set up recurring payments so you never have to chase patients for dues.
- Track Progress: Monitor metrics like monthly recurring revenue (MRR) and membership growth.
You focus on your patients, and BoomCloud™ handles the nitty-gritty.
Step 5: Market Your Plan Like a Rockstar
No one’s going to join a plan they don’t know exists. Time to channel your inner marketing guru.
- Social Media: Share patient success stories and perks.
- Email Campaigns: Show patients how much they can save.
- Referral Incentives: Reward existing members for bringing in friends and family.
Case Study Alert: One practice saw a 38% increase in membership signups after launching an email series powered by BoomCloud™. Boom, baby!
Step 6: Train Your Team to Sell Like Pros
Your front desk staff isn’t just there to smile and schedule appointments. They’re your membership plan ambassadors!
- Train them to explain the benefits clearly.
- Equip them with BoomCloud’s slick tools to handle enrollment on the spot.
- Set up a rewards system for team members who convert the most patients.
Hot Tip: Practice scripts to make it second nature.
Step 7: Analyze and Optimize
You’ve launched your savings plan—congrats! Now, it’s time to tweak, adjust, and make it even better.
- Track KPIs like patient signups, MRR, and average patient spend.
- Survey your members to see what they love and what they don’t.
- Use BoomCloud™’s dashboard to stay on top of it all.
Numbers don’t lie, and BoomCloud™ gives you the tools to use them like a pro.
Step 8: Scale Like a Boss
Once you’ve nailed your savings plan, why stop there? Scale it, baby!
- Target uninsured patients with tailored marketing campaigns.
- Expand your perks to attract even more members.
- Use BoomCloud™ to manage your growing empire seamlessly.
Case Study: A Practice That Went Big with BoomCloud™
Meet Dr. Visionary (not their real name, but you get the idea). This rockstar dental practice started with just 50 members. With BoomCloud™ on their side, they scaled to 1,000 active members paying $40 per month.
- MRR: $40,000
- ARR: $480,000
- Patient Spend: Members spent 3-4X more than uninsured patients on elective treatments like whitening and implants.
How did they do it? By leveraging BoomCloud™ to automate billing, track growth, and market their plan like pros. Oh, and they added extras like free whitening kits for members, which turned out to be a game-changer for referrals.
Why BoomCloud™ is Your Ride-or-Die for Membership Plans
Let’s be real: running an in-house dental savings plan without BoomCloud™ is like trying to brush your teeth with a stick. Why make life harder?
- Simplicity: Manage everything in one place.
- Automation: Set it and forget it (except you’ll want to check in because watching your revenue grow is addicting).
- Insights: Real-time metrics keep you in the know.
BoomCloud™ doesn’t just make running a membership plan easy; it makes it profitable.
Final Thoughts: The Future of Your Practice
An in-house dental savings plan isn’t just a nice-to-have; it’s the future of dentistry. It’s your ticket to freedom from PPOs, predictable revenue, and happier, loyal patients.
With BoomCloud™ by your side, you’re not just launching a savings plan—you’re creating a movement. So, are you ready to be the dental practice everyone’s talking about? Let’s make it happen.
