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In this episode, Gary and Naren dive into a common issue dental practices face – the challenge of collecting payment at the time of service. They discuss how this problem is exacerbated when dealing with insurance companies that send reimbursement checks directly to patients, making it difficult for dental practices to obtain payment.

To address this issue, Gary and Naren recommend reducing reliance on PPO plans and providing practical tips on communicating the need for patients to pay upfront. They also advise informing patients that insurance companies like Delta Dental will send the check directly to them. They suggest that patients contact their benefits supervisor if they are still waiting to receive the reimbursement within two weeks.

Although they recognize that patients may only sometimes be enthusiastic about paying upfront, Gary and Naren emphasize the importance of doing so to improve cash flow and reduce dependence on PPO plans. 

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Episode Timestamps

  • 00:50:00 – Introduction to the episode
  • 00:01:25 – Quick announcement about the upcoming MBA
  • 00:06:12 – What insurance companies do
  • 00:07:22 – Mindset of patients
  • 00:08:20 – Delta’s Check
  • 00:10:00 – Paying At Time of Service
  • 00:11:21 –  Insurance companies focus
  • 00:12:03 – Frozen in fear
  • 00:12:37 – A solution to overcome patient’s resistance to paying
  • 00:13:50 – Recap 
  • 00:16:17 – Marketing solution for dental practices

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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