For many dentists who are participating with PPO’s they find themselves in a difficult position:
1. They need patients to treat in order to keep the business going and earn their paycheck
2. They find it harder to earn a profit as they are treating more patients at low fees.
The thought of no longer accepting PPOs can be a tantalizing one, but will there be any patients?
Fortunately there is another option – optimization of PPO’s and how they are handled!
Simply put, this means optimization of the systems and revenue generated on PPO patients, understanding which PPO’s are profitable, or can become profitable, structuring your fees appropriately, improving PPO fees, benefiting from fee options you have that are state specific and other proven key strategies.
If you’ve got an established practice and are considering starting to take ppos, or even adding a few new ppos it is a big decision.
How can you sign up for plans and do the least amount of damage to your existing revenues? How will it impact your current patients? Should you sign up for a third-party ppo administrator? Will network-sharing be the best option? Direct contacts? Limited participation agreements?
The reality is that there are a lot of options for a practice to consider, the fees can and do frequently vary significantly AND an understanding of the impact on your existing practice revenues and patients is key!
Many dentists chose to participate with ppos when starting a scratch practice. And many times it is the right thing to do!
But with the dozens of different plans, shared networks and third-party administrators and what are often HUGE differences in fee schedules how can you be sure to enroll in the right plans, and do so in a manner that gives you the highest fees for the care you’ll provide?
The difference between just signing up and optimized participation isn’t thousands, or even tens of thousands of dollars it is frequently HUNDREDS OF THOUSANDS of dollars. Its your financial future….learn more about how to optimize it!
If your practice is already participating with numerous ppos you may be one practice owners that feel frustrated, angry or even depressed with low profit margins because of the ppo fees.
Insurance participation is a complex mix or different fee schedules, different networks, different relationships, different rules and different options.
The good news is this — the more plans you have then the more options you have. And that means more opportunities as well to make practicing dentistry more enjoyable….and more profitable!
We can help to assess your various ppo options and opportunities, develop a plan to improve your ppo profitability and execute that plan. In doing so you can focus on your patients and delivering quality care while knowing that the ppo aspects of your practice are being looked after, improved and optimized.
Request More Info:
To learn about optimizing ppo participation, adding ppos to your practice, services for practice purchases or start-ups please call us today at 855-776-4246 or visit our FREE INFORMATION page!