Ep. 251: Breaking Up with Insurance: A Step-by-Step Guide to Getting Out of Network — Part 1 

 

Thinking about dropping PPOs but not sure where to start? In the first installment of this three-part series, Jeff breaks down the first three essential steps to leaving insurance the right way while protecting your patient flow and profitability. 

Handouts - https://www.mgeonline.com/ep-251-podcast-downloads-form-page/ 

Free Fees & Plans Analysis - https://www.mgeonline.com/fees-and-plans 

The Get Out of Network Blueprint Seminar - https://www.mgeonline.com/out-of-network-blueprint 

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

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Questions From This Episode

Why is getting out of network suddenly urgent, when insurance fees have been low for decades?

It comes down to a squeeze that accelerated over the last several years. Reimbursement rates have stayed flat or dropped for most dentists even as inflation has run far higher than it did in the previous five year period. The average dentist's net income dropped from about 230,000 dollars (2015 to 2019) to about 200,000 dollars (2020 to 2024), while inflation ran more than twice as high in the second period. The combined effect is close to a 35 percent cumulative pay cut in real purchasing power.

What's the actual difference between fee for service and being out of network? Do I have to stop taking insurance payment entirely?

No. Fee for service means charging your normal private fee with no insurance discount applied. Being out of network just means you are not contracted to accept a lower negotiated fee. You can still file insurance and accept assignment, meaning the insurance company pays you directly, so the patient isn't stuck paying the full fee upfront and waiting to be reimbursed themselves.

What are the first three steps before actually dropping any insurance plans?

Maximize new patients through active external marketing and better front desk conversion, aggressively reactivate patients of record who have quietly gone inactive, and do your plan homework: listing every plan, how many patients are in each, the negotiated fee for a few key procedures, and the out of network allowable fee for those same procedures. The first two keep patient volume steady so collections don't dip as you drop plans.

How do I find out what an insurance plan actually pays out of network, since that number isn't published anywhere?

Call the insurance company directly and ask about out of network benefits for the specific procedure codes you use most. Confirm whether the plan offers out of network benefits at all, what percentage it pays by category (preventive, basic, major), and whether it allows you to accept assignment as an out of network provider. Some carriers won't state the exact allowable fee outright, so you may have to narrow it down through a series of higher or lower questions until you land on the number.

Will dropping PPO plans cause me to lose a lot of patients?

Not if it's done correctly, and not for PPOs specifically, HMOs behave very differently since patients get no benefit anywhere else. Practices that maintain steady new patient flow and handle the transition properly, rather than surprising patients about network status at check in or after treatment, have lost under 10 percent of the affected patient base. Practices that handle it poorly can lose up to 30 percent.

Episode Transcript

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Ep. 252: Breaking Up with Insurance: A Step-by-Step Guide to Getting Out of Network — Part 2

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Ep. 250: Rating Your Treatment Acceptance