Episode #282: What does it really mean to be Fee-for-Service?

In this episode of The Less Insurance Dependence podcast, co-hosts Gary Takacs and Naren Arulrajah delve into the topic of what it truly means to be fee-for-service (FFS) in dentistry. They emphasize that being FFS entails charging your full fees and receiving them directly from patients without involvement from insurance companies. They address common misconceptions about FFS dentistry and advocate for a patient-friendly approach. They highlight the importance of continuing to provide excellent care and support to patients, regardless of their insurance status. Additionally, they discuss practical strategies for navigating the transition from being in-network with insurance plans to becoming FFS. This includes insights on handling insurance claims, retaining patients, and effectively marketing a practice. Ultimately, the episode provides valuable guidance for dental practitioners seeking to reduce their dependence on insurance and create a thriving FFS practice.

Episode Timestamps

• 00:00:00 – Introduction to The Less Insurance Dependence podcast.
• 00:02:10 – Announcement regarding coaching strategy meeting. 
• 00:04:49 – Discussion on the meaning of “Fee-For-Service” (FFS)
• 00:06:13 – Importance of being patient-friendly in the FFS approach.
• 00:09:18 – Handling insurance claims and benefits for patients.
• 00:12:33 – Dealing with insurance companies like Delta and their payment methods
• 00:15:58 – Expectation of losing some patients during the transition to FFS.
• 00:17:22 – Recommendation for mastering organic search engine optimization
• 00:18:38 – Conclusion and invitation to the coaching strategy meeting.

Resources

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