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Signs That It May Be Time to Raise Your Dental Fees

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Calculator and number sheetAs a dentist, you may find the idea of raising your dental fees to be uncomfortable. If your patients are happy with your prices, you may not want to push your luck by raising dental prices which may cause them to look elsewhere for a dentist.

However, your patients understand and expect a rise in prices. They know that in order for you to provide the highest quality dental services as well as updated equipment, you’ll be required to raise fees at some point. You’ll find that most of your patients are happy to spend a little extra money for procedures if it means that they’ll continue to receive quality, top-of-the-line dental care, and technology.

Signs That It May Be Time to Raise Your Dental Fees

Below are a few signs that may mean it is time to consider raising your dental fees:

  • Your fees are unstable – An unstable fee schedule means that your prices for some procedures may be too low while prices for other procedures are too high. This inconsistency can cause your patients frustration or confusion.
  • You’re unaware of fees at other dental offices – Avoid setting fees before you’ve done some research on the other dental offices in your area. You can check dental competitors’ online websites or contact your local Chamber of Commerce to find this information.
  • Your fees are the lowest around – Having the lowest fees in town may draw in patients who need a one-time procedure but won’t return for cleanings or exams. Because price often represents value, having the lowest prices may make it difficult to find long-term patients.
  • You’re having trouble making ends meet – Lastly and most obviously, if you’re unable to meet your financial goals, this is a clear sign that you need to reevaluate your fees. Set specific financial goals and make sure your fees are able to help you meet them.

As long as you continue to provide exceptional dental care and customer service, your patients will know the value of your practice and stay loyal even if your prices need to increase a bit. For information on how Dental Insurance Credentialing can help you run your dental practice more smoothly, please contact our office today.

Posted on Jan 28, 2019

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Technology has made it much simpler to stay in contact with your patients. From traditional communication methods like…
In light of the nation’s current situation, there’s no time like the present to prepare for a recession. With COVID-19…
If you’re having trouble with finances, you’re not the only one. As recently as 2014, it was discovered that dental…

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