Townie^® Poll

Patient Financing

Poll conducted from 12/15/2009 To 1/18/2010

Are you currently requiring auto-drafts from patients choosing your in-office payment plan?	62 total votes

35%
a. Yes

65%
b. No


Do you ever extend payment plans beyond treatment time?	56 total votes

11%
a. Often

71%
b. Sometimes

18%
c. Never


Do you pull a credit report to determine risk before offering a payment plan?	56 total votes

18%
a. Often

13%
b. Sometimes

70%
c. Never


Do you offer third-party financing?	56 total votes

84%
a. Yes

16%
b. No


What percentage of your patients choose third-party financing?	54 total votes

80%
a. 1-25 percent

4%
b. 26-50 percent

0%
c. 51-75 percent

4%
d. 76-100 percent

13%
e. We do not offer third-party financing


How would you prefer to receive your payment?	56 total votes

36%
Receive the full payment at the beginning of the ortho treatment via an outside patient financing program.

64%
Receive payments from the patient/guardian spread over 18 months.


Do you have online payments available for your patients?	56 total votes

39%
a. Yes

61%
b. No


What amount is the down payment you currently request?	55 total votes

0%
a. None

4%
b. One to four percent

13%
c. Five to seven percent

84%
d. Eight percent or more


Have your patients ever delayed the start of treatment because they couldn’t immediately pay cash for the down payment?	55 total votes

96%
a. Yes

4%
b. No


How long are you willing to extend in-house financing to your patients?	56 total votes

4%
a. Up to 6 months

2%
b. Up to 12 months

11%
c. Up to 18 months

55%
d. Up to 24 months

29%
e. More than 24 months


In the next 12 months, how do you see your use of third-party patient financing?	56 total votes

32%
a. Increasing

4%
b. Decreasing

64%
c. Staying the same

Orthotown Magazine

July/August 2019

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Townie® Poll

Patient Financing

Are you currently requiring auto-drafts from patients choosing your in-office payment plan?

Do you ever extend payment plans beyond treatment time?

Do you pull a credit report to determine risk before offering a payment plan?

Do you offer third-party financing?

What percentage of your patients choose third-party financing?

How would you prefer to receive your payment?

Do you have online payments available for your patients?

What amount is the down payment you currently request?

Have your patients ever delayed the start of treatment because they couldn’t immediately pay cash for the down payment?

How long are you willing to extend in-house financing to your patients?

In the next 12 months, how do you see your use of third-party patient financing?

July/August 2019

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