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The Most Effective way to Lower your Practice Overload
Manage episode 414630717 series 3560564
Contenido proporcionado por Naren Arulrajah and Less Insurance Dependence. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Naren Arulrajah and Less Insurance Dependence o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.
In this episode of The Less Insurance Dependence Podcast, hosts Gary Takas and Naren Arulrajah delve into the topic of reducing practice overhead in dentistry. They emphasize the importance of addressing rising expenses, particularly in the post-COVID era, where overhead costs have surged due to inflation and increasing wages.
The hosts present a case study illustrating the impact of transitioning from in-network to fee-for-service, highlighting significant revenue increases and profit gains. They emphasize viewing PPO adjustments as marketing expenses and advocate for dentists to regain control over fee setting by resigning from PPO plans.
Gary recommends seeking guidance from the Academy of Dental CPAs and conducting a marketing strategy meeting to reduce overhead and increase profitability.
Overall, the episode provides valuable insights into addressing practice overhead challenges and emphasizes strategic decision-making to enhance practice profitability.
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