January 17, 2025

The Hidden Cost of NOT Raising The Fees of Your Dental Practice

25 minutes

Raising your fees as a dental professional? You need this episode. With rising overhead costs, inflation, and the need for fair compensation, increasing your fees can help ensure your practice remains financially sustainable. We’ll explore the key factors driving fee increases and discuss how to approach this decision in a way that aligns with your practice goals while maintaining high-quality care.

We also dive into the impact of fee increases on patient retention. How do you raise your rates without losing patient trust? I’ll share strategies for communicating fee adjustments effectively to keep patients loyal and understanding. Plus, we’ll discuss how to determine the right amount to raise your fees, and offer resources for setting competitive and fair pricing that reflects your expertise. You’ll also learn how to navigate insurance negotiations to optimize your revenue.

Finally, we cover the practical side of implementing fee increases and the financial impact of these changes. Whether you’re adjusting your fees to stay competitive or improve profitability, this episode provides actionable insights on how to do it right. Tune in to learn how to raise your fees strategically, improve your bottom line, and continue offering excellent care to your patients.

What you'll hear in this episode:

[1:40] Why You Should Raise Your Fees

[1:50] Factors Driving Fee Increases

[4:10] Is Raising Fees Fair?

[5:40] Patient Retention and Fee Increases

[6:45] How Much to Raise Fees

[8:45] Resources for Setting Fees

[12:30] Insurance and Fee Negotiation

[13:45] Implementing Fee Increases

[19:10] Financial Impact of Raising Fees

Learn more about Tooth and Coin's services: https://www.toothandcoin.com/

Watch full episodes on YouTube: https://www.youtube.com/@Dentistmetrics