Episode 506

Can a PPO Practice be a Thriving Practice?

Host: Gary Takacs | Published Date: September 22, 2021 | Listening Time: 00:51:28

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Never make permanent decisions on a temporary basis. But, of course, everyone has those times where we haste to make decisions influenced by temporary circumstances. We don’t think through the consequences that we drag along until we are faced with that particular judgment day. In this episode, Gary discusses how PPO affects a thriving practice.

Special clinical tip presented to us by Dr. Trevor Nichols, an Orthodontist from Mayca, Arizona, on Five keys to creating beautiful smiles.

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This episode also features a clinical tip from Dr. Trevor Nichols, an Orthodontist from Mayca, Arizona, on Five keys to creating beautiful smiles.

Time Stamps

Today’s Clinical Tip

Coaching In Action

  • 00:09:36 – How has COVID affected ppo practice?
  • 00:10:52 – Can a PPO practice be a thriving practice?
  • 00:14:03 – Why is it difficult to get to know your patients if you are a PPO dependent practice?
  • 00:16:13 – Why will it be difficult to do the kind of services you would like to for your patients if your PPO dependent practice
  • 00:17:18 – What are some issues of being a PPO dependent practice?
  • 00:18:47 – Can a dentist looking to do high end dentistry thrive in a PPO practice model?
  • 00:22:07 – How much would a PPO practice have to produce annually to collect 1.2 Million dollars?

Q&A Segment

  • 00:36:28Question 1 – We are experiencing high demand right now in our practice. I am booked out farther than I would like for the first available new patient appointment. I really don’t want more PPO patients. Should we offer our potential new PPO patients a new patient appointment further into the future and save closer appointments for potential new fee for service patients?
  • 00:40:04Question 2 – Can I stop seeing future PPO patients while I am still in network?
  • 00:40:53Question 3 – Gary I have heard you talk about looking at my insurance write off as a marketing expense. That’s a new context for me. Can you elaborate on that?
  • 00:46:11Question 4 – Delta is the dominant insurance in my community as I suspect it is for many dentists. In your experience is it realistic to resign from all the other PPO plans and keep Delta?

Resources


Gary Takacs

Gary Takacs Gary became a successful practice owner by purchasing a fixer-upper practice and developing it into a world-class dental practice. He is passionate about sharing his hard-earned insights and experiences with dental practices across the globe.

As a dental practice coach, Gary provides guidance for dental professionals on how to create a healthier practice style that lets them deliver excellent patient care while reducing depending on insurance.

More importantly, Gary’s insights are not just based on theory – as a co-owner of a dental practice, he has first-hand experience in making this transformation from a high-volume and low-fee insurance model to a fee-for-service approach that is more sustainable and promotes a patient-centric and financially healthy dental practice, and he is dedicated to sharing this knowledge with other dental practitioners via the popular Thriving Dentist Show!
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Podcast Assistance by Jodey Smith, Rodecaster Expert