You most likely already have a lot going on in your dental practice. You are managing patients, staff, and the day-to-day tasks that keep things running smoothly. It may seem easier to skip PPO fee negotiations. If you want your practice to grow and be successful, then you need to have a say in your reimbursement amounts.
Are You Credentialed?
Credentialing is a process used to vet dental practices. The facility’s history and the dentist’s qualifications are evaluated before the location can be added to networks used by insurance companies.
The negotiation process requires time and money. That is why it is best to look for networks that are likely to give you the highest number of new patients. Research companies that cover your area’s biggest employers. This will also give you more power when discussing fees.
What Does It Take to Negotiate PPO Fees?
If you are waiting for the insurance company to contact you to negotiate your fees, then you may be waiting a long time. Insurance providers are a business, and it is their goal to pay the lowest fees possible. You will most likely have to reach out to your contacts within the company to begin negotiations. Keep in mind that you will have to be persistent.
You should not take the first fees offered to you when it is time to negotiate. Always push for better reimbursement. You may not want to accept the second or third round, either.
A number of factors come into play when negotiating fees with the insurance company. Strategic Practice Solutions can help with PPO fee negotiation. Work smarter and get paid better. Contact us today to schedule a consultation.