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Episode #66: Growing Your Profits by Reducing Insurance Dependence

Published on: December 1, 2021
DealsforDentists
DealsforDentists
Episode #66: Growing Your Profits by Reducing Insurance Dependence
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When dentists decide to sign up with one PPO plan, they get roped into the insurance world, where they end up signing up with more than one plan. This is when dentists start depending on insurance plans to get patients. 

As an in-network dentist, have you ever considered the actual cost of depending on insurance to get patients?

With rising costs and decreased profits, there’s a pattern of reduced growth in dental practices that have signed up with PPO plans. But, in reality, your practice profit growth is directly affected by your practice insurance dependence.

In this episode, Naren Arulrajah joins Dr. Eric Block to discuss how you can grow your practice profits by reducing insurance dependence!

Shownotes

  • 00:01:08 – Intro to the topic
  • 00:01:21 – PPO Participation in the USA
  • 00:03:01 – Major volume discount
  • 00:03:12 – Who doesn’t have insurance?
  • 00:05:41 – What is RIDA?
  • 00:09:18 – Math behind the concept

Resources

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