Over 100,000 practices now offer CareCredit to help patients get the care they want and need.
Many doctors are unaware of just how significantly CareCredit has changed. We invite you to learn about patient financing as we respond to some of the most common misperceptions.
Fiction: Patient financing programs are too difficult to use and will cause more work for my busy team.
Fact:
CareCredit has been streamlined and simplified. The application requires only a few fields of information and takes less than 1 minute to complete. It’s even faster if you use leading practice management software that is already integrated with CareCredit. Submitting an
application can be done by phone, fax or online. Credit decisions are instantaneous and your practice receives payment within 2 business days. Plus, your team receives FREE customized training and all the materials they need to successfully add CareCredit as a payment option.
Fiction: Approval rates and credit lines are too low.
Fact:
CareCredit has steadily increased credit lines and approval rates. Customized healthcare credit scoring enables CareCredit to provide credit lines designed to meet the needs of today’s dental patient. Your office is in control of how much of a credit line you request.
Fiction: If my patient doesn’t pay, I’m responsible for the treatment fee
and will have to put them in collections anyway.
Fact:
With CareCredit, the financial relationship is between us and the patient. There is absolutely no responsibility to the doctor or practice if the patient delays payment or defaults.
Fiction: Patients don’t need it. They already have a way to pay with their
Visa or Mastercard.
Fact:
Because CareCredit is a line of credit only for dental and healthcare needs, patients can save their consumer cards for day-to-day household expenses. Patients need and appreciate having lower interest payment options and the No Interest Plans are especially popular. Which is why research has shown that 86%1 of patients using CareCredit would recommend CareCredit to a friend or family member.
Fiction: Patient financing is only for large cases over $1,000. Even though
I’d like to do more cases like that, the majority of mine are smaller, so I don’t need patient financing.
Fact:
CareCredit is good for any case of any size. So, if you’d like to do more large cases, you can make it easier for patients to say “Yes” by offering a monthly payment option that fits comfortably in their budget. There is no minimum on our 3 Month No Interest Plan, making them ideal for patient with smaller cases including hygiene and co-pays.
