Ep. 259: Is There a Million Dollars Sitting in Your Software?

 

Your incomplete treatment list may represent one of the biggest untapped opportunities in your practice. In this episode, Jeff explains how to reactivate these patients, bring them back into the office, and get more diagnosed treatment accepted. 

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

DDS Success (coupon code RX269) - https://ddssuccess.com/ 

Morning Production Meeting - https://www.mgeonline.com/morning-production-meeting-download/ 

Dental Business RX Episode 34 - https://www.dentalbusinessrx.com/episodes/ep34 

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Questions From This Episode

According to Sabri's data on new MGE clients, what percentage are typically still in-network, and how many of the ones who've tried dropping plans end up going back?

Roughly 85 percent of new clients are still in-network, a conservative estimate, with another 10 to 15 percent out or in the process of getting out. Of the practices still in-network, about 10 percent have actually tried dropping a plan at some point and taken it back, and about half of practices currently out of network are having real financial problems as a result.

What are the four foundational pieces that determine whether dropping insurance plans actually works?

Control over new patient flow through effective marketing, a genuinely functioning hygiene department that pulls existing patients with outstanding treatment back onto the schedule, healthy treatment acceptance so the practice can actually sell the dentistry it diagnoses, and staff trained specifically on how to talk to patients, new and existing, about being out of network. Practices that struggle after dropping plans almost always have one or more of these four already weak beforehand, since being in-network had quietly been propping up the business.

Why does the hygiene copay cause so many patients to leave once a practice drops a plan, and what's the actual fix?

Patients are used to preventive care being fully covered, and even a small new copay, sometimes as little as $15, creates the sense that something changed and they're now being charged for something insurance used to pay for, which people respond to badly regardless of the dollar amount. The fix is finding the UCR, or usual, customary, and reasonable, fee for preventive and diagnostic codes, which sits between the old negotiated fee and the full private fee, and setting that as the new fee for those codes specifically, so out-of-network patients still get 100 percent coverage on cleanings and exams.

How can a practice actually find out what a given insurance plan's UCR fee is for a specific code?

Call the insurance company and play what Sabri calls the over-under game, asking whether the fee is higher or lower than a given number until you narrow in on the actual figure, since insurers won't simply state it outright. Open Dental users have an easier option through a crowdsourced feature called the Blue Book, and once real claims start coming back, the UCR shows up directly on the EOB, so a spreadsheet can be built up within about a month even without knowing every fee in advance.

Why did Sabri end up building her own insurance billing company, Smile Care Claims, instead of just recommending outside vendors?

Outsourcing insurance filing frees up a trained staff member to focus on things that actually drive revenue, like reactivating patients or supporting treatment presentation, but Sabri kept running into outsourced vendors where nobody was genuinely taking ownership of the account, leading to unhandled accounts receivable and dropping collections. Smile Care Claims assigns each practice a dedicated account manager who learns that specific office and its software, so real responsibility for the work stays in place the way it would with an in-house employee.

Episode Transcript

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Ep. 258: The 4 Reasons PPO Exits Fail