As dental practices plan for a return, many are worried about the increased cost of PPE. Don't panice. Use this tool to calculate your PPE.
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Many dentists are concerned about the cost of PPE and the impact on profitability. Thus, the question, what are insurance companies going to do to help share the cost.Delta Dental of CT/NJ has offered temporary assistance as follows. We’ll continue to keep you posted as we hear more.However, before we go looking for relief, let’s answer four basic questions.
Once you have calculated those costs, understand these as a percentage of daily collections. Here is an example:
My back of the napkin math turns out to be about 4% of daily production for an assistant. Start with this template (under the picture above) to add additional costs and staffing for your practice. Most examples I tinkered with will increase costs 6-10%.
Knowing this, we can begin to think about how to re-capture these dollars or what amount of this your practice will absorb.
Finally…looking on the bright side, these supply costs will come down as the supply and demand curve re-balance.
We are happy to provide you with a free consultation and talk about your business goals.