New Patient Acquisition vs. Retention and Reactivation
Ok, let's be honest. Everyone loves getting a new patient. It feels very rewarding for all involved. A bad day can be turned into a good day by successfully acquiring a new patient. Without new patient acquisition, a practice would be nothing.
Why do dentists like to spend so much money to acquire new patients? Is new patient acquisition more important than retention? The answer is no. If you do the math, a patient over a lifespan is worth volumes more than a new patient's first appointment (or 2 appointments). Everyone knows this. Acquisition is more glamorous than retention, so it receives the spotlight.
It is more important to look at acquisition vs. retention from another angle to understand their relationship. Retention would not be possible without acquisition. Therefore acquisition is the first step. Growth is not possible without retention. So retention is the second step. This relationship gives us the following equation:
ACQUISITION + RETENTION = GROWTH
Depending on your market, new patient acquisition can get expensive and be harder to master. Retention is something that can be done on a relatively low-budget and, over a period of time, can have a much greater impact on the health of the dental practice. The mistake most practice make is that they budget money for acquisition and then assume that those patients will remain active patients forever with little or no work.
So, what is the moral of the story. Keep acquiring new patients, allocate some resources and money to retention and reactivation, and watch your practice grow. It is that simple!


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