PPE guidelines and regulations have no doubt increased your operating costs, and many insurance companies are not recognizing the need for coverage or the additional costs you’re incurring. The easiest way to reduce overhead is to increase collections, but how do we do this when we’re limited to insurance carrier’s allowable amounts?
There’s been a lot of confusion regarding PPE. And rightfully so. It’s going to be a process for the insurance companies to get this hiccup figured out. Especially with all the leasing agreements and making sure third party providers are on board and up to date with billing policies.
Recently the ADA released a letter on negotiating and handling contract negotiations. While we appreciate the ADA’s commitment to advocating for dental practices, we found that most information included in this letter is inaccurate and has proven to be ineffective over the last couple of years.
We have seen the emergence of two types of practices during this pandemic. The first type being paralyzed with fear and shutting down every aspect of their business in an effort to preserve and maintain. The second being those that are learning to pivot and maintain their forward motion during difficult times.
e-DentalMarket was founded by dentists for dentists. Our mission is to educate. The most common mistake we see is a lack of understanding about how PPO insurance companies and leasing impact practice reimbursements.
Dental practices have been hit hard with the requirement of closures and only being able to accept emergency visits. Rather than falling into the pit of potential doom and gloom ahead, it only makes sense to leverage this downtime to your benefit as much as possible.
Everyone is back to work after the holidays. This time of year brings an overload of calls to our office with practices reevaluating their yearly plans and making big financial decisions for the up coming months.
If you caught our article about PPO Optimization and the endless number of structural possibilities available, you're probably wondering if this might be affecting you. If you are participating with even a handful of PPO plans, the answer is likely YES!
Ever seen one of these? This is the simplest way to explain the possibilities of "leasing/sharing" that can take place between insurance companies and the endless number of combinations any practice can utilize.