When PPO negotiations aren’t enough and you’re ready to leave plans, it is important to analyze and thoughtfully plan your exit. Leaving PPO plans requires a comprehensive review, consideration of employers, patients, treatment in progress, fee schedules and more. When ending your relationship as an in-network provider, it is important to plan your exit in a way that does not cause lasting financial damage to the practice in the form of lost patients, open chair time, cash flow problems and lost revenue. To help, Five Lakes will work with your practice to develop a roadmap to PPO freedom. Watch our third installment, Planning Your Exit.
The Five Points from Five Lakes series is designed to help educate practices about why PPO negotiations are only part of a comprehensive PPO insurance participation strategy. Your insurance participation strategy should reflect your business goals with support from market data, practice data and information about available PPO plans in your area. Five Lakes provides the most comprehensive analysis to develop the optimal plan PPO participation strategy for your practice.
Read practical tips to drive patient volume this fall. Tip #1, continue to communicate your offices protocols to keep patients safe.
Dental providers affected by COVID have a number of resources available to support their successful re-opening. CARES Act monies are available through August 3, 2020.
Join Five Lakes Founder and President Nick Partridge as he discusses what to do now that you've submitted your PPO termination letter.
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