In this episode, Ben, Naren, and Jordon discuss the growing trend of doctors dropping insurance in the dental industry. They explore the motivations behind this shift, such as rising inflation and the desire for traditional profitability, delving into the numbers, revealing that approximately 98% of dentists are considering dropping insurance plans.
The episode highlights the changing landscape among DSOs (Dental Service Organizations), with some leaving insurance participation and the potential impact on insurance administration in dental offices. Additionally, they touch upon the concept of patient financing and discount membership plans as possible solutions to make it easier for patients to afford dental care.
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Time stamps
- 00:01:25– Is the fee-for-service practice model making a comeback?
- 00:03:05 – Why is it that more and more doctors these days are dropping out of insurance?
- 00:05:16– Do you know specific numbers on how many doctors are dropping out of insurance?
- 00:08:30 – How are the DSOs (corporate dentistry) handling insurance participation?
- 00:00:00 – When doctors go out of network, are they accepting the assignment of benefits or not?
- 00:10:20 – How does going out of network impact insurance administration in the dental office?
- 00:17:49 – What do you recommend if I’m interested in going out of network but don’t know where to start?
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