Retention rates are critical for several reasons. Firstly, they can reflect the quality of care provided by the pediatric practice. High retention rates often correlate with improved patient outcomes and increased trust and loyalty from families. Secondly, retention rates are financially beneficial for practices, as acquiring new patients is usually more costly than retaining existing ones. Lastly, high retention rates can indicate effective communication and strong patient-provider relationships, which are essential for successful pediatric care.
