The term “in-network” is defined as health care facilities – hospitals, doctors, dentists, specialists, pharmacies – that have an agreement with insurance companies to provide medical care to their insured members at a discounted rate. The rate is agreed upon by the health care provider. Patients will typically pay less with an in-network provider. At […]
Read MoreDental negotiations
What Dentists Should Know About PPO Re-Negotiation
If you decide to become an in-network (PPO) provider, from the very beginning it is of utmost importance to negotiate contract fees. Keep a record of your contract dates to be proactive in having the ability to re-negotiate your contracts. Most contracts for fees have a term of 18-24 months. In order to maintain your bargaining […]
Read MoreShould You Hire a Negotiator?
A part of the job the dentist may not have considered when opening a dental practice is dealing with insurance companies. As a matter of fact, it is one of the particularly stressful things the office deals with; but it is so very necessary. Dentists are in the business to make money and insurance companies […]
Read More10 Tips for Private Equity Stockholders and DSOs to Optimize PPO
Insurance negotiations and credentialing are essential parts of maintaining a dental practice. To have the most profit, negotiations for fee schedules will need to be done regularly and by someone who is trained and familiar with the processes. Providers credentialed with a variety of insurance will benefit from the most patient flow and retention. Let’s […]
Read MoreResilient Dental Practices During and After the Pandemic
The methods for patient care in dental practices changed drastically in 2020. In March 2020, the CDC released a statement recommending that dental practices postpone elective procedures, surgeries, and non-urgent visits. Although the recommendations have been updated and more elective procedures were allowed, the COVID-19 virus is still present, and it is unknown what the […]
Read MoreStrategies for Dental PPO Negotiations and Credentialing
Negotiations and dental credentialing can seem like a lengthy and time-consuming process. But if you want to increase your profits and provide more services to your patients, they are necessary to keep your practice thriving. Here, we will discuss some strategies for dental PPO negotiations and tips for credentialing, including assessing your opportunities, renegotiating with […]
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