Acceptable Numbers for Orthodontic Fees
By Dr. Dean C. Bellavia
It make no sense to set fees using numbers
that are naturally unacceptable, when you can set fees that are naturally
acceptable. About 30 years ago a
research group conducted a study of the fees of about 20 dental practices. They
took every fee quoted for each practice over the life of each practice; they
had hundreds of thousands, if not millions of fees and thus, a significant data
sample. They used only one criterion
for the study, was the fee accepted or was it rejected by the patient. From that study came a remarkable
understanding of which numbers are naturally acceptable and which numbers are
not. Why certain numbers are not
acceptable and why certain numbers are, are not important; what is important is
that they are acceptable or not. Below
is an extrapolation of these findings.
·
Fees between $1 and $9, the numbers 2, 3, 4, 6, 7, and 8
are acceptable with numbers 1 and 5 less acceptable and the
number 9 unacceptable alone or at the end of any number.
Thus, avoid
using 9 (and avoid any other number ending in 9, for example, $99, $169,
$1,489, $5,999, $8,589, etc.).
·
Fees between $10 and $99, multiples of 25 (25, 50, 75, 100)
are unacceptable, multiples of 10 (20, 30, 40, 60, 70, 80) are less
unacceptable than multiples of 25 and multiples of 5 (15, 35, 45, 55, 65, 85)
are less unacceptable than multiples of 10.
Numbers ending in 2, 3, 4, 6, 7, 8 are acceptable. Thus, use miscellaneous fees ending
in 2, 3, 4, 6, 7, and 8, and always avoid 9.
·
Fees between $100 and $999, multiples of 250 (250, 500, 750)
are unacceptable, multiples of 100 are unacceptable, multiples of
50 (150, 250, 350, etc.) are a less unacceptable than multiples of 100,
and multiples of 25 (125, 275, etc.) are less unacceptable than
multiples of 50.
Thus, for fees between $100 and
$500, end with: 15, 20, 30, 35, 40, 45, 60, 65, 70, 80, 85, for example, $115,
$130, $135, $245, $360, $370, $485, etc.
Also, acceptable fees between $500
and $999 are best ended with: 20, 30, 40, 60, 80, for example, $520, $530,
$740, $860, $580, $780, etc.
·
Fees between $1,000 and $9,999, multiples of
500 (1000, 1500, 5500, 8000, etc.) are unacceptable. Acceptable fees between $1,000 and $9,999
are best ended with: 20, 30, 40, 60, 70, and 80, for example, $1,020, $1,530,
$2,740, $3,860, $5,270, $6,780, etc.
To play it safe, I recommend that treatment fees end in 30 and 80. I also recommend that fees over $1,000 be increased in $50 increments, thus avoiding the unacceptable fees that may arise when you increase fees by a percentage. For example, a fee of $4,680 might be increased by $50 to $4,730 (1%) or be increased by $100 to $4,780 (2%) or be increased by $150 to $4,830 (3%) or be increased by $200 to $4,880 (4%), etc. As you can see, $50 increments allow you to choose the percentage within limits still making the fees acceptable.