Apex’s Mission to Revolutionize Dental Payments with Dr. Allmand

In this second part of our podcast episode, we dive deep into the evolving landscape of credit card processing fees in the dental industry. If you missed part one, we discussed Dr. Allmand's journey from being a dentist focused on overhead to owning a company offering transparent merchant services.

You can read about it (or listen to it) here: Part 1: Exposing Hidden Fees.

The Credit Card Paradigm Shift

Credit card processing fees have become the norm in many sectors. Where once only specific places like gas stations had distinct cash and credit prices, now almost every business, including government services, incorporates these fees into transactions. So why is this happening, and what can businesses do about it?

Apex Payment Solutions: Transparency and Fairness

Dr. Zak explains that when he founded Apex Payment Solutions in 2016, his goal was to provide a lower-cost processing option for his dental colleagues. By adopting an "interchange plus" model, Apex is able to offer a transparent approach where the true cost of a credit card is passed on with a small percentage for services. This model has allowed clients to see effective rates significantly lower than the industry standard.

Cutting Hidden Fees

The industry has long been plagued with hidden fees, often veiled behind promises of low rates that gradually increase. Apex tackles these hidden fees by performing cost comparison analyses - akin to treatment plans for dentists - showing clients exactly what they pay versus what they could save by switching to their services.

The Apex Zero Solution

In response to rising costs and decreasing reimbursement rates, Apex developed the Apex Zero program. This innovative solution allows dental offices to cut overhead by passing the credit card processing fees back to patients, who can then decide if they want to pay with a credit card or choose fee-free payment methods like debit cards, cash, or checks. By adopting this model, many dental offices have realized considerable savings without compromising service.

Navigating the Payment Landscape

Throughout our podcast, we heard stories illustrating the challenges and considerations in the payment processing world. Dr. Zak shares insights into the pitfalls of bank-tied credit processors and the ease of switching to more beneficial systems like Apex. By providing pre-programmed terminals and comprehensive support, they ensure smooth transitions for dental practices wanting to enhance profitability.

Engage with Suggestive Solutions

In a financial world often dominated by large corporations and private equity, it's crucial for dentists to remain vigilant and constantly evaluate their processing rates. The difference between a 2% and a 3% rate is substantial and understanding these percentages can significantly impact profit margins.

Take Action: Evaluate and Innovate

Assess your current processing fees, consult your statements, and consider a cost-free analysis to uncover hidden fees and potential savings. The Apex team stands ready to assist dental practices in navigating this complex landscape to enhance their bottom line.

As the financial dynamics of credit card processing continue to shift, it's imperative for dental practitioners to stay informed and make conscientious decisions regarding their merchant services. With transparent and fair solutions like those offered by Apex Payment Solutions, dentists can reclaim control over their profitability and continue to thrive amidst these evolving changes. Whether you’re new to the business or looking to optimize your practice, reaching out for expertise and support can make all the difference.

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Reach Out to Dr. Zak Allmand

1. Learn more about Apex Payment Solution's Services: apexpaymentsolutions.com
2. Email Zak:  zak@apexpaymentsolutions.com
3. Schedule a time with Apex: Contact Form