The Economics of Patient Retention
Patient acquisition costs $150-$350 per new patient. A retained patient generates $10,000-$15,000 over their lifetime with your practice. The math is clear: retention delivers higher ROI than acquisition. (Source: ADA Practice Success 2024)
Cost of Attrition
- • Losing 15% of patients annually = practice decline
- • Lost revenue from incomplete treatment plans
- • Negative reviews from disengaged patients
- • Constant pressure to find new patients
Value of Retention
- • 5% retention increase = 25-95% profit increase
- • Retained patients refer 2-3 new patients
- • Higher treatment acceptance rates
- • Predictable, stable revenue base