Ep. 56: 12 Steps to Getting Out-of-Network & Creating a Fee for Service Practice!

 

We’ve discussed the idea of getting out of insurance plans and creating a fee-for-service practice—but what are the actual steps you need to follow to do it? That’s what we cover today with special guest Sabri Blumberg.

Topics:

:51 – What is your specific situation and level of insurance participation?

3:44 – Ensuring you have an adequate volume of patients

15:34 – Important steps to do BEFORE dropping a plan

30:16 – Starting to phase out of plans

38:58 – Informing your patients (and retaining a high percentage of them)

46:51 – Changes to make in your practice now that you’re fee-for-service

Links:

Free PPO Exit Strategy Session - https://www.mgeonline.com/ppo-exit-strategy

The MGE New Patient Workshop - https://www.newpatients.net

Contact Sabri – sabrib@mgeonline.com

The MGE Communication & Sales Seminars - https://www.mgeonline.com/abc

 

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Questions From This Episode

What are the 12 steps for going out-of-network and creating a fee-for-service practice?

In sequence: build your new patient strategy first, calculate your true patient base (unique patients over the last 24 months, at 80 percent), list every plan and how many patients are in each, calculate your write-off percentage per plan, review your contracts for obligations and exit procedures, run a major reactivation push, drill your staff on handling insurance questions, set a policy for patients who slip through notification, sequence which plans to drop and in what order, notify and handle patients as each plan drops, raise your customer service to match your new fees, and commit to genuinely improving your sales and communication skills.

How do you decide which PPO to drop first?

Weigh write-off percentage against how many patients are actually in that plan. A plan with a small number of patients and a poor reimbursement rate is usually the easiest first target, you likely won't even feel the loss. Plans with reimbursement close to your private fee are lower priority to drop at all, since they function more like a modest, ongoing marketing fee rather than a real problem.

Will dropping PPOs actually hurt my practice's revenue?

In most cases, no. Practices typically lose 28 to 32 percent of patients in a dropped plan, but if the prior write-off on that plan was in a similar range, seeing the remaining patients at full fee often produces the same or better production with lower material and labor costs. A broad patient survey referenced in the episode also found cost was a deciding factor for only about 30 percent of patients choosing a dentist, the other 70 percent cared more about skill, communication, and overall experience.

What should staff say when a patient asks if the practice still takes their insurance after a plan is dropped?

Confirm the practice still accepts the insurance, since technically it does, just not at that plan's negotiated fee schedule, and pivot toward getting the patient scheduled rather than leading with a flat no. Staff should be drilled on this distinction specifically, since a mishandled version of this conversation is what actually causes patients to feel turned away, not the fee change itself.

Why should Delta Dental usually be one of the last plans dropped?

Not necessarily because of reimbursement, but because Delta has historically not allowed dropped practices to continue accepting assignment, and their patient communications can create the impression a patient no longer has any coverage at that practice at all, generating more patient confusion and staff workload than most other carriers. Unless a specific Delta plan's reimbursement is especially poor, or Delta makes up only a small share of the practice, it's usually sequenced toward the end.

Episode Transcript

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Ep. 57: Changing the Way You Hire for Today’s Environment

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Ep. 55: Recession Proofing Your Dental Practice! Part 2