PPO or Not to PPO….that is the question

After assessing numerous practices, one of the first questions I’m asked is “Should I stay in network with the insurance companies.” There is not a simple yes or no answer. There are three options. Fee for Service….no participation with any insurance company; In network with all insurance companies (PPO’s) or Partial enrollment. As some of…

Unprofessional Profession

I love dentistry….if it wasn’t for the people. It can be a very unprofessional profession to say the least. 80% of the doctors I speak with are upset about PPO’s, swear at the insurance companies, are ashamed of the profession, shout their disapproval with what is happening (Like Delta announcing a reduction in reimbursement)….yet they do absolutely NOTHING…

PPO

A recent survey of over 300 upper Midwest dentists revealed that managed care (PPOs) and related write-offs were their major concern by far. Yet that same survey revealed that only 3% of these doctors planned to leave a PPO in 2018. Most doctors have signed up for more PPOs over the past 10-15 years. However,…

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Protect Yourself from Embezzlement

Embezzlement is a serious problem that continues to grow in the dental industry.  Depending on the surveys that have been done by multiple sources, the average amount ranges from $20K -$900K.  Highs into the millions have been reported.  Here are some examples of how it can happen and suggestions to prevent a loss. How it…

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Understanding Production Income

Understanding Production Income A very common misconception amongst health-care professionals is the method of determining profits from the operation of their practices. Their accountants take the gross income (collections) of the practice and subtract the direct expenses to determine what they call “operating profits.” This is an error when computing the true operating profits of…