PPOs and dental insurance companies are viewed as – at best – necessary evils by most dentists. As an example, take this communication that SmartBox received recently.
“A lot of dentists are so reliant on PPOs and so helplessly reluctant to do anything about it....ever (like a fly caught in a spider's web).
“I had an insurance rep tell me this morning that we're part of their healthcare industry and have to do what they say (lol). They done lost their minds! It's scary that any insurance might really, truly believe they're in charge of a private practice.”
Obviously, we’ve withheld the sender’s name, but the points are both valid and alarming. The dental insurance industry does not care about you, your success, or even your survival.
Throw Off Your Chains
The power of the PPOs and dental insurance companies to determine policy and reimbursement rates may be significantly lessened in the coming months. Congress took action to dilute the power of the 1945 McCarran-Ferguson Act that sharply essentially removed the insurance industry’s exemption from non-competitive practices. The result is projected to be an increase in competition between insurers, and that’s a very good thing for dental practices.
But if you’re not willing (or able) to wait for longer-term effects of that legislation, there’s something you can do right now. SmartBox produced a free report in 2020 that provides a clear, four-step strategy that you can implement in your practice to limit or even eliminate the influence of the insurers on your bottom line.
BUSTING OUT OF THE PPO PRISON: The 4-Step Strategy For Declaring Your Independence From the Insurance Beast Before It’s Too Late is available as a free download.
Why wait for the wheels of change to turn if you can turn them for yourself and your future?
SmartBox employs the best minds in dentistry to help you grow your practice. Our Practice Growth System™ is proven to help dentists in every market area across the country achieve predictable year-over-year growth.