My Practice My Business: The Clinical Business of Dentistry
Welcome to The My Practice My Business Dental Podcast. I'm Dr. Rob Thorup, Clinical Director at MPMB. In our podcast shows we help dentists profit and thrive with excerpts from The Clinical Business of Dentistry Training here at MPMB.This podcast is dedicated to helping dentists and their teams reclaim forgotten profitability in dentistry, and to learn business skills specifically designed for dental practices. We look forward to your subscription, and we hope you let your colleagues know about our podcast. For more information on our GUARANTEED training, please visit us at www.mypracticemybusiness.com and surf our website pages. Our mission statement is simple: We increase the monthly net revenue of dental practices with our key methods, tools, and training utilizing every day, need-based dentistry, even with PPO plans. And we teach you how to do it ethically, legally, and morally, adhering to contracts and state laws, so you can be paid fairly for the services you provide.
My Practice My Business: The Clinical Business of Dentistry
Frequency: How Dental Insurance Companies Eliminate Procedures, or Reduce Payment
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Think about it, dental insurance companies have eliminated certain codes from their payable lists. From anesthetic to PPE, and from acid etch and bonding to build-ups. It's all about frequency. What do I mean? It's simple, they have algorithms that point to procedures we do all the time, and they realize that if they can alter just one thing, if they can eliminate payment on one particular procedure that is done often, that will save them millions of dollars over the course of one year. It's really brilliant business on their part, but it's negatively affecting our dental practices from being profitable. We need to stop it, and that's why Tracy and I are on Utah's Capitol Hill trying to pass bills that will protect both patients and dentists from downcoding, bundling, and preventing us from charging for services we provide to our patients. What are you doing to help out your dental association in preventing what the ADA says are fraudulent acts from third-party payers?