Why Every Late Payment Costs The Practice More Than You Think
Late payments hurt your practice. If you charge a hundred bucks, and several weeks go by, you’re not getting a hundred bucks. The value of the dollar declines BY THE DAY! Studies have shown that collections drastically decrease after the 90-day mark.
The later the payment, the less money you get.
Late payments also create more work. Once a patient leaves their appointment, you’ll have to chase them down for money. Your receptionist is tired of making those awkward phone calls and asking for fees that are long overdue.
Don’t waste time. Don’t work for free. Collect money at the time of service! Other businesses do it all the time. Imagine walking out of a restaurant or grocery store without paying. There would be an uproar! If other businesses can do it, then so can you.
Create a game plan before patients arrive. Work as a team to make sure patients don’t leave without paying first. Be proactive, create a system and collect the money you deserve!
Want to collect earlier? Of course you do! Download our nine-step checklist for free, and start raking in those collections.
Kirk Behrendt is a renowned consultant and speaker in the dental industry, known for his expertise in helping dentists create better practices and better lives. With over 30 years of experience in the field, Kirk has dedicated his professional life to optimizing the best systems and practices in dentistry. Kirk has been a featured speaker at every major dental meeting in the United States. His company, ACT Dental, has consistently been ranked as one of the top dental consultants in Dentistry Today's annual rankings for the past 10 years. In addition, ACT Dental was named one of the fastest-growing companies in the United States by Inc Magazine, appearing on their Inc 5000 list. Kirk's motivational skills are widely recognized in the dental industry. Dr. Peter Dawson of The Dawson Academy has referred to Kirk as "THE best motivator I have ever heard." Kirk has also assembled a trusted team of advisor experts who work with dentists to customize individual solutions that meet their unique needs. When he's not motivating dentists and their teams, Kirk enjoys coaching his children's sports teams and spending time with his amazing wife, Sarah, and their four children, Kinzie, Lily, Zoe, and Bo.
