Strategic Insights on Dental Membership Plans from Plan Forward
![Strategic Insights on Dental Membership Plans from Plan Forward](https://investorshangout.com/images/blog/ihnews-Strategic%20Insights%20on%20Dental%20Membership%20Plans%20from%20Plan%20Forward.jpg)
New Insights into Dental Membership Plans by Plan Forward
Plan Forward, a leading developer of dental software focused on membership plans, has unveiled significant findings from three dental service organizations (DSOs) that highlight the financial benefits of cash-pay alternatives. As practices adapt to consumer needs, these findings underscore the critical role that customized membership plans play in enhancing both patient care and business performance.
Remarkable Production Increases at Participating DSOs
One prominent DSO operating 37 clinics across various regions designed its membership framework to maximize production and hygiene appointments, offering premium, service-oriented plans. This strategy resulted in a remarkable 260% increase in total production for plan members compared to cash-pay patients at the same organization, translating to an impressive $1,206 gain per member.
Improved Treatment Acceptance Rates
Another DSO, consisting of 27 clinics in the Midwest, teamed up with Plan Forward to develop membership plans aimed at boosting treatment acceptance rates. Since the rollout of this initiative, they have observed a 170% increase in total production among plan members, primarily due to a 1.9-fold rise in restorative care, amounting to $551 per member.
Enhancing Patient Loyalty Through Membership Plans
The third DSO focused its membership offerings on fostering patient loyalty and an increase in visit frequency. After an 17-months period, members averaged five visits during their first year of membership compared to just two visits among cash-pay patients, with over half of the cash-pay patients eventually opting for membership. This approach not only led to frequent patient visits but also produced significant gains in overall production for hygiene services (+200%) and restorative care (+140%).
Empowering Dental Practices through Strategic Membership Models
Megan Lohman, Founder and Co-CEO of Plan Forward, commented on the achievements of these practices, stating, "These examples illustrate how effectively harnessing our platform and guidance from our customer success team can lead to significant benefits. Their tailored membership plans demonstrate a deep understanding of their patients' preferences, providing a competitive edge that enhances their resilience in the industry."
Flexibility in Creating Membership Plans
Moreover, numerous practices are leveraging their membership plans as strategic tools to diversify their offerings in areas such as cosmetic treatments, orthodontics, and laser services. Co-CEO Jane Levy mentioned, "The data we have emphasizes that membership plans are not one-size-fits-all. We created Plan Forward to give DSOs the versatility to design membership offerings that yield meaningful outcomes in their unique environments."
About Plan Forward
Plan Forward is at the forefront of delivering a comprehensive solution suite, featuring an advanced platform that empowers the seamless creation, management, and analysis of dental membership plans, compliant agreements, and marketing strategies to drive membership growth for practices and groups. Established in 2018, the company boasts a team of experienced technology and domain professionals dedicated to superior service delivery.
Frequently Asked Questions
What are the key findings from Plan Forward’s recent report?
Plan Forward revealed that DSOs leveraging their dental membership plans observed significant production increases, with reported gains up to 260% for members over cash-pay patients.
How do membership plans enhance patient care?
Membership plans have been shown to increase patient visits and improve treatment acceptance rates, resulting in better overall care and higher production levels for practices.
What is the strategic value of dental membership plans?
They offer flexibility for practices to tailor services, leading to higher patient loyalty and enabling offices to expand their offerings into cosmetic and restorative services.
When was Plan Forward founded?
Plan Forward was established in 2018 and quickly emerged as a leader in developing innovative solutions for dental membership plans.
Who are the leaders at Plan Forward?
Megan Lohman and Jane Levy serve as the Co-CEOs of Plan Forward, guiding the company in delivering strategic tools and insights to dental practices.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Related Articles
- Explore the Yocan Kodo Plus: Power and Personalization
- Global Soft Drinks Market to Reach USD 754.92 Billion by 2033
- Histology and Cytology Market Projection Reaches USD 92.93 Billion
- Russian Central Bank Highlights Ongoing Inflation Challenges
- August Jobs Report Crucial for Federal Reserve's Actions
- Forecast for Downward Shift in U.S. Housing Inflation Trends
- Dan Sogorka Takes Charge of Rocket's Mortgage Broker Division
- Carlyle Group Chooses Banks for $4.7B Acrotec IPO Plans
- Intel Faces Dow Jones Removal Amidst Plummeting Shares
- Rite Aid Transitions to Private Ownership Post-Bankruptcy
- Farm Aid 2024 Media Credential Deadline Approaching Soon
- Massive Bitcoin Whale Acquires $19 Million in BTC Holdings
- Shell Plc Announces Share Purchase Details on 03 September
- Advancements in Cancer Detection Through Space Experiments
- NevGold Secures C$3.5 Million in Convertible Securities Financing
- Avista Seeks Long-Term Renewable Natural Gas Solutions
- Exclusive Tax-Free Gear from Bass Pro Shops for Military
- Tastemaker Conference Joins Winter Fancy Food Show for 2025
- DCS Corporation Named 2024 GovCon Awards Finalist for Excellence
- First Citizens Bank Secures $145 Million Financing for Linea Energy
- Klarity's Fall Summit: Strategies for GenAI in Operations
- IRSA Inversiones y Representaciones S.A. FY 2024 Results Overview
- Monarch Tractor Offers 0% Financing on MK-V Electric Tractor
- Lycoming College Honors Coach Steve Wiser with Locker Room Dedication
- Alcoholic Beverages Market to Hit US$ 3.87 Billion by 2033
Recent Articles
- Global Soft Drinks Market to Reach USD 754.92 Billion by 2033
- Megan Holdings Ltd Pursues IPO With 1.25M Shares Offered
- Nvidia Stock Faces Rough Start Amid Market Declines
- Klarity's Fall Summit: Strategies for GenAI in Operations
- Invesco Closes End Funds Boost Dividend Rates for Investors
- Graphic Processing Unit Market Forecast: USD 1.41 Trillion by 2034
- Rheumatoid Arthritis Drugs Market Forecasts for Major Growth
- Riad Salameh: Lebanon's Central Bank Chief in Legal Turmoil
- Tropical Cheese Industries Considers Sale at $500 Million Value
- Polkadot Hackathon Finalists Showcase Innovative Projects
- Combatting Loneliness: The Benefits of Eating Together
- Amundi SA Lowers Stake in Ageas Below 3% Threshold
- HCSC Introduces Simplified Health Care Coverage Alternative
- Kroger Launches Flu Vaccine Promotion for Healthier Communities
- HomeSafe Alliance Achieves Milestone Of 100 Military Moves
- Education ERP Market Growth Projected to USD 75.84 Billion
- Top Three High-Yield Dividend Stocks to Buy Now
- Allpowers Showcases Innovative Power Solutions at IFA 2024
- LIS Technologies Names John M. Shimkus as Energy Policy Chair
- Bio-Based Coatings Market Growth Driven by Eco-Friendly Demand
- H&R Block Elevates Andy Phillips as VP of The Tax Institute
- Alexandria Real Estate Equities Announces Q3 2024 Results Call
- Brillo Hair Care Unveils Innovative Detox Scalp Mask for Healthier Hair
- PDS Biotech CEO to Present at H.C. Wainwright Conference
- NKGen Biotech Set to Showcase Innovations at Investment Conference