Join Five Lakes Founder and President, Nick Partridge as he discusses how to manage PPO's during a practice transition. It all starts with building a plan!
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Our Five Points from Five Lakes series focuses in on how to thoughtfully review and update your UCR. Join Founder and President, Nick Partridge as he walks through an example, providing valuable insight so that offices can price their services appropriately.
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.
Join Five Lakes Founder and President Nick Partridge as he discusses how to plan your exit when PPO negotiations aren't enough and you're ready to leave a plan.
Join Five Lakes Founder and President Nick Partridge as he discusses how to calculate the financial impact when leaving plans so you can make a coordinated plan to leave.
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