If you are a dentist, you know how important equipment is. Whether you’re just graduating dental school, you have experience but you’re looking to branch out on your own, or you already own a practice, there will come a point in your career when you will need to purchase new dental equipment. Using dental equipment financing to grow your practice should be an option at the top of your list.
No matter where you are in your career, getting new equipment is a great way to stay on top of your game, use best practices, and keep your patients happy. Technology is constantly changing and evolving – if it wasn’t, we would still be using headgear to straighten out teeth rather than braces or even Invisalign. To put it simply, it’s important to stay up-to-date – especially when you’re in the dental field.
While new dental equipment is important, it can be expensive. These expenses can be stressful – especially if you’re just graduating school or you’re branching out on your own for the first time. Because of this, many dentists find that the most effective way to get new dental equipment is to finance it. When you do, you can get the following benefits:
1. Extra money for other expenses
If you run a dental practice or you’re looking to start one, it’s important to think about the costs associated with owning a business. Just like any company, dental offices have certain expenses in order to run. These can include scheduling software, payroll, building expenses, maintenance, and insurance just to name a few.
When you have these expenses, it can feel overwhelming to add new equipment on top of it all. However, when you choose to finance new equipment, it frees up money that you can spend on your other business expenses. It’s a win-win situation, and the experts at Hippo Lending are here to help if you have any questions about financing medical equipment.
2. Opportunities to keep adopting new technology
Buying dental equipment outright can cause a strain on your bank account, and it can take time to rebuild. And because equipment is constantly changing and evolving, you’ll want to have the ability and flexibility to adopt that new technology every so often. It can be difficult to purchase new equipment every few years out-of-pocket, which is another reason why financing is such a great option.
When you finance your dental equipment with Hippo Lending, you keep cash in your bank account and have the flexibility to get new technology as it becomes available. You’re not risking a large amount of money by purchasing thousands of dollars worth of equipment outright, so you’ll be able to stay up-to-date with no financial stress.
3. Increased patient satisfaction
Patients notice when your technology is outdated. They want the very best treatment when they go to the dentist, so they appreciate it when they know they’re getting the best and newest technology. Dental equipment financing allows you to stay up-to-date and staying up-to-date keeps your patients happy.
If you own a practice, you know the most important thing you’ll do is treat your patients. They are the reason you’re in business in the first place, so make sure you’re giving them the best care you possibly can.
4. Ability to see more patients
As we mentioned above, a dental practice would be nothing without its patients. As a dentist, it’s likely that you’re always looking for new ways to grow and improve – which means seeing more patients in a shorter amount of time. As technology gets better, it gets faster and allows you to see more people in a day. This not only helps your business, but it helps your patients as well.
When you finance your medical equipment, you have the ability to update more areas of your practice that need it. Whatever your needs are, you’ll be able to see more patients in your workday – which will ultimately take your business to the next level.
5. Increased accuracy and better diagnostics
Dentists use equipment every day to make sure they are as accurate as possible. Working with teeth requires concentration and precision, and it also requires accuracy when it comes to diagnostics. Old dental equipment can hinder your ability to properly treat and diagnose your patients, which ultimately hurts them and your business.
When you purchase new dental equipment, you’re doing yourself and your patients a favor. You can get better results, more accurate diagnostics, and higher patient satisfaction rates just by using better technology. If you are wondering how dental equipment financing works, reach out to one of our experts at Hippo Lending and we will answer any questions you have.
Purchasing new dental equipment doesn’t have to be an intimidating or stressful process. You have options when it comes to financing, and we want to help. Contact Hippo Lending today to fill out an application and get started on your new dental equipment purchase.
Hippo Lending represents the convergence of medicine and finance. While we may not be saving lives, the underlying principles of the Hippocratic Oath closely align with our values: a commitment to service and treating our customers as people, not just a loan. We ensure privacy and always act from a position of unity and humility.
Hippo Lending is an originator and servicer of commercial loans to medical professionals. We provide these services to match lenders with medical professionals. Upon completion, Hippo Lending facilitates commitments between borrowers and lenders.