This year has brought a lot of changes in the way dental insurance networks work, especially with leasing. You might wonder why these changes happen and if it’s something unusual. The short answer is no – it’s actually quite normal. In this blog post, Shelley DeGroff, CEO of PPO Advisors, will explain what network leasing is and how it affects dental practices. Understanding these changes is important so that dentists can protect their practices and even use the changes to their advantage.
What Is Network Leasing?
Dentists can join insurance networks in different ways. They can sign a contract directly with an insurance company or join through a shared network or third-party administrators (TPAs), often called umbrella companies. These companies help expand the dentist’s reach by connecting them with several insurance companies at once.
However, these networks can make changes to the leasing agreement whenever they want. While they’re supposed to notify dentists about these changes, those letters often get lost or ignored. But even if you miss the notification, these changes will still affect your practice.
Why Do These Changes Matter?
Right now, three major changes in network leasing are happening that could impact many dental practices. While change might seem bad, it’s not always negative. Sometimes, these changes can actually benefit a practice if managed properly. Understanding how your PPO contracts affect your practice is really important. For example, something called the Most Favored Nations Clause can affect how much you get paid for treatments. Knowing how to handle things like this can help your practice stay profitable.
How to Manage Network Leasing Changes
Even though network leasing changes are ongoing, they can be managed. PPO Advisors is here to help dental practices navigate these changes. By staying informed and getting the right advice, dentists can make smart decisions that keep their practices profitable. Understanding your PPO contracts, how fees work, and how to adjust to changes will make a big difference in your insurance success.
Why Choose PPO Advisors?
PPO Advisors is committed to helping dental professionals handle the challenges that come with PPO insurance companies. We guide practices through the process of dental PPO negotiation, making sure they are making the best decisions to stay profitable. If you want to learn more about the current leasing changes or need help managing your insurance contracts, feel free to contact PPO Advisors. We can help you stay ahead of the game and make your PPO journey more successful.
Conclusion:
Network leasing changes may seem complicated, but with the right support, they don’t have to be overwhelming. PPO Advisors is here to educate and help dental practices through every step of these changes, making sure they stay profitable. Reach out to us today to learn more about how you can manage these changes effectively.