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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
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