Episode #284: The PPO Umbrella Nightmare

  1. March 21, 2024
In this podcast episode, Gary and Naren expose the hidden costs and restrictions of PPO umbrella plans. Learn how to break free and take control of your practice's profitability. You can also discover success stories and 3 key steps to resigning from PPO plans strategically. Listen now and escape the PPO Umbrella Nightmare!
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Are you tired of PPO plans dictating your dentistry and income? This episode exposes the dark side of PPO umbrella plans and how they can sneakily increase your write-offs, costing you thousands of dollars. Tune in and learn how to successfully untangle yourself from this web of PPO plans that keep you trapped in a system that doesn’t value your practice.

Gary shares some real-world examples of dentists who have successfully broken free from PPO dependence and grow their practices and how they strategically did this. Furthermore, learn the 3 most essential steps to be prepared to resign from PPO plans successfully.

If you are a dentist who thinks you can not get out of this complicated web, this episode will help you see how you can do it! Tune in to the Less Insurance Dependence podcast and escape the PPO Umbrella Nightmare! 

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Episode Timestamps

  • 00:00:07 – Introduction by Naren Arulrajah and Gary Takacs, co-hosts of the Less Insurance Dependence podcast, emphasizing the aim of reducing insurance dependence in dental practices.
  • 00:01:00 – Introduction to the episode’s topic: “The PPO Umbrella Nightmare.” 
  • 00:01:24 –  Gary explains the concept of PPO plans and the evolving nature of their administration, highlighting the trend towards umbrella networks.
  • 00:03:01 – Discussion on the financial implications of outsourcing administration and the potential beneficiaries.
  • 00:04:02 – Explanation of the complexities associated with resigning from umbrella plans and the challenges it poses to dental practices.
  • 00:05:15 – Illustration of the tangled web created by umbrella plans using a real-life example.
  • 00:06:01 – Further elaboration on the challenges faced by dental practices, including the necessity to deviate from typical resignation strategies.
  • 00:08:38 – Naren’s perspective on the deliberate complexity created by PPO plans to discourage practices from resigning.
  • 00:10:04 – Speculation on the common setup of umbrella plans to deter resignations.
  • 00:10:38 – Discussion on the prerequisites for successfully resigning from PPO plans, including relationship-driven practice, marketing strategies, and demand.
  • 00:12:08 –  Gary’s analogy of breaking down complex tasks and the potential for practices to overcome PPO challenges with the right approach.
  • 00:14:00 –  Conclusion and invitation to explore Thriving Dentist’s coaching services for support in navigating PPO challenges.

Resources

Learn more about the Masterclass

Schedule a Free Marketing Strategy Meeting with Ekwa!

Schedule a Free Coaching Strategy Meeting with Gary Takacs!

Become a RIDA Member!

Calculate Your Practice Insurance Write-off!

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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