Sunbit Dental Professionals Survey Says: Smile Now, Pay-over-time

By David Lemon.
Updated Oct 11, 2021

LAS VEGAS (PRWEB) October 11, 2021 - Four months after announcing a buy now, pay later solution made specifically for dental practices, Sunbit is sharing the results of new industry survey data at ADA SmileCon 2021 (Booth C4314). Sunbit has quickly become the buy now, pay later (BNPL) partner of choice for dental groups and independent practices like BDG Dental, Dossett Dental, and Dynamic Dental, adding hundreds of practices each month.

According to the ADA, 59% of adults indicate theyve skipped dental care due to cost. (1) This is unsurprising, considering that 63% of patients pay at least a portion of their dental treatments out-of-pocket (2), and that many Americans have difficulty covering an unexpected $400 expense (3). To better understand the gaps between recommended treatment and case acceptance, Sunbit conducted a survey of 1,559 dental professionals.

The survey found that:

Sunbit is proving that Buy Now, Pay Later can offer dental practices a new option for dental care financing and access. Sunbit offers access to financing for dental procedures between $60 and $10,000, with 6, 12, 18 and 24 month payment plan options, and 85% of patients who apply using Sunbit technology are approved. All qualified patients get access to 0% for 6- or 12-month payment plans. Sunbit powers the application process and manages the collections process. The dental practice gets paid immediately, which contributes directly to the cash flow of the business.

The Buy Now, Pay Later trend is also growing in popularity among consumers and dental patients are starting to take note -- and even come to expect more flexible options. Sunbits survey of patients shows that:

Click here to read more about the survey and its full results. Click here for information on how to implement Sunbit technology at your practice.

About Sunbit: Sunbit is the preferred buy now, pay later technology for everyday needs and services. Sunbit eases the stress of buying everyday things by offering access to fast, fair and transparent payment options to people everywhere. Our technology is offered in-store and online at 8,000 locations, including 1 in 4 auto dealership service centers, optical practices, dentist offices and specialty healthcare services. All loans are made by Transportation Alliance Bank, Inc., dba TAB Bank, which determines qualifications for and terms of credit.

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(1) Patients. ADA Health Policy Institute FAQ Dental Patients in the U.S. (n.d.). Retrieved September 17, 2021, from https://www.ada.org/en/science-research/health-policy-institute/dental-statistics/patients. (2) Patient Survey: n=500 U.S. adults age 18 or older nationwide. July 29 - August 12, 2021. Dental Professionals Survey: n=1,559 U.S. adults age 18 or older nationwide. May 5 - June 27, 2021. (3) Grover, M. (2021, June 11). What a $400 emergency Expense tells us about the economy. Federal Reserve Bank of Minneapolis. Retrieved September 22, 2021, from https://www.minneapolisfed.org/article/2021/what-a-400-dollar-emergency-expense-tells-us-about-the-economy.

Media Contact: Sunbit press@sunbit.com