With an ever changing insurance industry, it’s becoming more difficult for dentists to manage insurance restrictions. The main occupation of dental practitioners is to create smiles and not paperwork. As such, when faced with this problem, consider hiring insurance companies that specialize in the involvement of dental practices in insurance plans, like PPO.
A PPO or a Preferred Provider Organization dental insurance is a kind of managed dental care plan that can be self-insured or fully insured. It provides a table or list of all the approved dentists and their covered services. Out of this list, patients can choose dentists who have agreed to discount their fees, by contract.
What Can Dental Insurance Companies Offer?
If you’re already a participant in PPO, dental insurance companies can assess your practice to determine the dental insurance plans you’re in-network with. These companies can determine the fee schedules and profits associated, and the number of patients involved with each insurance plan. These companies can also define which of your insurance plans may be eligible for a fee schedule increase.
Dental insurance companies can provide detailed recommendations on the insurance codes that you need to focus on. While doing so, these companies can also negotiate PPO insurance plan fees on your behalf.
After maximizing your fee schedules, dental insurance companies can then help you decide if you should drop any dental insurance plans. If recommended to do so, these companies can offer advice about which insurance plans you should drop. These companies can also offer advice about the process of dropping an insurance and the appropriate time to do it.
If you’re planning to add PPOs to your practice to increase new patient flow or production, dental insurance companies can offer detailed views of insurance plans. This will help you determine the ones you should add, and those that wouldn’t be beneficial to your practice.
Apart from these, dental insurance companies can also offer other services, such as insurance plan fee negotiations for other dental plans. To learn more about these other services, look for insurance companies near you for consultation.