Many dental practices are focused on PPO negotiations to maximize reimbursements. Yet, negotiating reimbursement rates is only part of a comprehensive PPO participation strategy. When developing an insurance participation strategy for your practice, often times it makes sense to consolidate participation. Thus, the opportunity presents itself to leave PPO plans! Othertimes, providers are at capacity or at their wits end and want to drop PPO’s. Making a sound decision to leave PPO plans comes down to math. In this episode, Five Lakes Founder and President Nick Partridge will discuss the different calculations needed to:
While no one enjoys a solid 7 minutes of math, these calculations are essential to beginning to put a plan in place to leave PPO’s.
Five Lakes has been helping practices implement their optimal insurance participation strategy for over 10 years. Please feel free to connect with us if you have questions or are considering leaving plans and want to do it the right way to avoid losing too many patients, negatively impacting cash flow or creating too many holes in the schedule.
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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