Credit Card Processing Cash Discount Program for Plastic Surgeons

We have been working with over 60 different plastic surgeons for the past 8 years helping them to grow their practice and get more efficient. Jeremy Katz, the owner of AdvertisingForSurgeons.com started using this cash discount service for his agency to save on wasted processing fees. Since it has helped increase net revenue so much, he has helped several of his plastic surgeon clients implement this cash discount program for their practice. On top of saving thousands of dollars a month, there are absolutely no set up fees or monthly fees and practices get free equipment upon signing up.

How Much Can Your Plastic Surgery Practice Save by Paying 0%?

According to Statista, the global plastic surgery industry was valued at 593 billion US dollars in 2021 and is projected to reach more than 810 billion by the year 2030. After some digging, we identified the average amount of revenue generated each month for various plastic surgery types. Some plastic surgeons perform 5 to 15 surgeries per week, while others are performing over 30 procedures in a week. Based on our sources, plastic surgeons perform an average of 10 surgeries per week, or 40 per month.

Here are the average monthly revenues based on 40 surgeries per month with average fees coming directly from American Society of Plastic Surgeons.

Nose Reshaping: $216,360 / month
Eyelid Surgery: $131,280 / month
Facelift: $306,200 / month
Liposuction: $140,720 / month
Breast Augmentation: $157,880 / month

Average Prices Per Most Popular Plastic Surgery Procedures in the US in 2023

Rhinoplasty: $9,752
Eyelid Surgery: $4,120
Facelift: $8,005
Liposuction: $3,637
Tummy Tuck: $10,010
Mommy Makeover: $15,244
Breast Augmentation: $6,420

Based on our full analysis of calculations. There were 2940967 cosmetic procedures performed in the US in 2023. This is about 245,081 procedures per month. The total monthly net revenue of the cosmetic surgery industry in the US in 2023 is about $391 million. This does not include the amount of other non-surgical cases or other non-cosmetic surgery cases.

There are about 1,850 active members of the American Society of Plastic Surgery. This means that the average monthly net revenue per surgeon is $391269176/1850 = $211,498

The total average mothly revenue for a plastic surgeon in the US in 2023 is roughly $211,498 per month

Based on statistics from ASPS and first hand industry analysis of over 60 plastic surgery practices, an established plastic surgery center earns roughly $167,000 to $485,000 per month.

Not all patients pay for services with credit cards and many finance their procedures with CareCredit. From our data, we estimate that the average amount of credit card revenue processed each month for plastic surgeon practices in the US is $150,000.

By switching your plastic surgery practice to cash discount credit card processing, you could save an average of $4,800 per month!

$4,800 per month is a significant saving towards the bottom line of your business. You can use that extra money to aggressively boost your adverting, pay the salary of a new employee or help pay other office expenses.

How will an extra $1,000 to $10,000 look for your practice depending on your current patient volume?

Here are some additional services you can get in exchange for switching your processing:

$500 – $1500 – Monthly Google Ads Management By Expert
$500 – $1500 – Monthly Search Engine Optimization By Expert
$500 – $1000 – Monthly Social Media Management By Expert
$3,000 – $7,000 – Monthly Salary For Additional Team Member
$500 – $2,500 – Monthly Payment for Leasing Plastic Surgery Equipment

At the end of the day, instead of wasting thousands of dollars each month, spend this additional money to boost customer service, invest in new equipment or be more aggressive with advertising.

Here is a payment calculator to determine roughly how much money you can save per month by switching to our cash discount program.

What Exactly Is a Cash Discount Program for Cosmetic Surgery Practices?

Cash discount credit card processing is a unique and innovative method of handling credit card transactions. It is growing significantly in popularity across various industries, especially with medical practices such as plastic surgery centers. This pricing model incentivizes patients to pay for services with cash or zelle by offering a discount on the listed price. The patients also have options to pay for services via credit card instead of cash and they pay regular prices. By giving patients the option to pay cash or credit card, this allows practices to offset merchant credit card processing fees. Why should you have to pay for your customers credit card airline miles or cash back bonuses when you are offering your services? There are surely much better ways to spend the 3-4% of fees to scale your practice and your patients have the option to pay different ways. At EliminateCardFees.com, our US based friendly customer service representatives will hold your hand through the entire onboarding process to ensure a smooth transition. On top of that, we never ask for any contracts, and there are absolutely no setup charges whatsoever.

This simple, yet innovative program is a revolutionary and completely legal way to control costly credit card fees. It does not just reduce fees but completely eliminates them! Typically, you’ve probably thought these fees were a required “cost of doing business” expense but that is not the case anymore. A cash discount program removes your monthly processing fees, PCI compliance fees, termination fees, annual fees and other BS fees. This is not a small discount but a significant savings each and every month. Some of our established practices are saving over $10,000 USD per month!

The Differences Between Standard Processing and Cash Discount Processing

1. Fee Structure: Unlike traditional processing, in which the fees associated with processing are incurred by the merchant, cash discount processing shifts the financial burden of these fees onto the customers who choose to pay with credit cards.
2. Incentivizing Cash Payments: Payments in cash should be encouraged to give patients an option to save some money on procedures but it also lowers transaction costs for surgeons, which automatically increases profitability.
3. Transparency: Cash discount programs have a responsibility to fully disclose the discount that is made available to patients who pay with cash. This differs from traditional systems, which may conceal processing expenses.
4. Impact on Sales and Customer Experience: Some patients may be attracted to the lower price for paying with cash as they realize that 3-4% of several thousands of dollars for a procedure is a significant amount of money. Standard processing can cause patients to be frustrated with extra fees they weren’t expecting after agreeing to a certain amount. The cash discount program gives patients options and boosts the overall customer experience.

Is the Cash Discount Program New for Medical Practices?

Cash discount programs are not a new concept; but have existed for over a decade. EliminateCardFees.com has been helping practices save thousands per month since 2017. Now in 2023, the cost of doing business is increasing every single year and it doesn’t help that inflation is now close to 9%. The cost of labor and medical devices continues to increase at a drastic rate and more and more practices are switching their merchant processing to cash discount programs.

A number of plastic surgeons, cosmetic dentists and other business owners have made the decision to stop funding the extravagant credit card incentive schemes that their customers participate in. If you switched to cash discount, you would be charging the customer the same amount as they are charged for processing.