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Years ago, when Jordon started helping dental practices, he realized that generating predictable recurring revenue was never part of the business model in dentistry. But, lately, there has been a growth in dental practice membership plans.
Hence, more and more practices hit a million dollars of predictable recurring revenue from these membership plans.
There are many ways to scale and grow these dental membership plans. It’s also a way to help you cut out insurance contracts-the contracts that reduce the income you earn in your practice.
In this episode, Naren and Jordon discuss the relationship between million-dollar practices and dental membership plans in this episode.
Jordon further explains ways to help practice owners attract insured as well as uninsured patients to accept dental treatments by understanding the patient base and creating membership plans based on them, using marketing to attract more patients, and how to motivate your team to contribute to growing the membership plans.
Give this episode a listen and create your own Million-Dollar Practice by using Dental Membership Plans!
Timestamps
- 00:02:14 – What is a membership plan?
- 00:02:45 – How million-dollar practices are created
- 00:05:14 – Benefits of recurring revenue growth
- 00:08:18 – Importance of customizing your membership plans
- 00:10:13 – How to market the membership plans
- 00:11:20 – Motivating your team to grow the plans
- 00:14:45 – Book: The Million Dollar Membership Plan
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Category: Dental Growth Domination Podcast
