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Negotiating Dental Fees: Why and How

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Dental FeesWhile it’s true that insurance companies are in the business of making money, insurance does not have to be one of dentistry’s worst evils. It can be frustrating negotiating dental fees. But if you want to stay in the game of dentistry, you will have to accept the reality and simply learn how to negotiate dental fees.

With proper management of insurance claims, the whole process can be made easier for the dentist, the dental team, and for the insurance provider. Here are some tried and tested tips from professionals regarding insurance management that works for all kinds of dental practices.

Monitor With Accuracy

As with the majority of practices, insurance checks cover about 50% of the dental practice’s income. Because it represents a major part of the income, it should be monitored with extreme accuracy. This means there must be an efficient process for filing and follow-up, to ensure that your present insurance processing system is clear and well streamlined.

It Doesn’t Hurt to Ask

Despite the rumor of an economic downturn for dentists, it doesn’t hurt to ask your PPO provider if they are open for negotiation. Even if they identify themselves as a non-negotiable PPO company, remember they need you the same way you need them. Due to the drop in patients carrying insurance, they are likely going to need you, even more, this time around.

Consult With an Expert

If you’re unsure as to how to negotiate with your PPO company, you can ask a third party professional to help you maximize your PPO insurance revenue and get better reimbursement rates. These are professionals in this field and can offer you valuable advice and insight that can improve your dental practice.

Success will not happen if you don’t ask or if you don’t try. By negotiating dental fees, you get to save more money and in this market that is always one step away from recession, this will count for a lot in the long run.

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