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Episode 140: Are PPO Plans going to be lowering your contracted fees?

June 17, 2021
If you have a PPO practice, you must listen to this episode to find out what’ll happen in the future!
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Dental insurance companies have always made a massive amount of money. And there has been a pattern for the past nine years. This pattern increases your practice overhead and negatively affects the practice growth. The ADA announced that the average practice overhead is 74%. Doctor, if your practice overhead is 74%, you’re working too hard for too little! Your overhead becomes so high because of the amount of money you are giving away as insurance adjustments. In this episode, Gary Takacs does the calculations and explains how the change in contracted fees will exactly affect your practice growth in the future.

  • Intro to today’s topic > 00:00:59
  • Quick announcement > 00:01:17
  • Start of a pattern > 00:02:18
  • Average practice overhead > 00:04:50
  • Who took action > 00:07:59
  • Two realities of practices > 00:11:45

Resources


Gary Takacs

Gary Takacs One of Gary's most significant achievements as a dental practice management coach is transforming his own practice, LifeSmiles, from one that was infected with PPO plans, no effective marketing strategy, and an overhead of 80% to a very successful dental practice that is currently one of the top-performing practices in the US.

With over 2,200 coaching clients, Gary has first-hand experience transforming insurance-dependent practices into thriving and profitable practices.

Through his Personalized Coaching Program, Gary shares access to the systems, strategies, processes, and experience gained over 41 years of coaching dentists and transforming over 2200 practices worldwide.

Learn More:: www.thrivingdentist.com/coaching/
Connect with Gary Takacs on Linkedin

Naren Arulrajah

Naren ArulrajahAs CEO of Ekwa Marketing, Naren has over a decade of experience working with dental practices and helping them attract the ideal type of patients to their practices. It is his goal to help dentists do more of the type of dentistry they love with the help and support of effective digital marketing.

Ekwa’s "Done-For-You" Digital Marketing model blends fundamental persuasion principles with an all-in-one Digital Marketing solution to help your ideal patients find you and choose you for reasons other than being on their insurance plan.

If you’re interested in finding out if Ekwa is the right fit for you and your practice, book a Free Marketing Strategy Meeting with Ekwa’s Marketing Director, Lila Stone.

Book Free Marketing Strategy Meeting: www.lessinsurancedependence.com/marketing-strategy-meeting/

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Episode 216: 5 Specific Things We Learned from the 2022 RIDA Summit
Episode 215: Does it Work for me as an Owner Dentist to be Fee For Service but for my Associate Dentist to be a PPO Provider?
Episode 214: Tips to Get New Team Members on Board when Resigning from PPO Plans
Episode 213: Turning Patients into Ambassadors