Approximately two-thirds of all people in the U.S. have private dental coverage. And because patients know they can usually save money by going to an in-network provider, many dentists are in network with multiple plans. It makes sense for business. But there are also plans you can add to your roster -- in addition to traditional insurance -- that will increase the amount of time your staff spends on administrative tasks. All About Teeth can help providers be more productive and profitable.
Consider accepting plans that come with paperwork, such as dental savings plans. Dental savings plans are an alternative to traditional dental insurance and aim to serve those who are uninsured or underinsured or who have maxed out their dental insurance for the year. Accepting both insurance and dental savings plans can help dentists build a robust list of accepted plans that in turn allow them to treat more patients and grow their practice.
Top insurance providers, including Aetna, Cigna, and more, offer dental savings plans. If you accept insurance, you may already be in network with dental savings plans, too. Our team call the insurance carriers you already accept to join the dental savings plan portion of their plan.
While dental savings plans are offered by insurance companies, they do not have the same payment process. Your patients pay you directly at the time of service based on the contracted rate you have with the network carriers, eliminating the need for claims to be sent.
In addition, you do not have to negotiate rates with your cash-paying patients. Each dental savings plan comes with its own fee schedule so your practice, and the patient, can know exactly what will be charged at the time of service. The lack of surprises can bring peace of mind for all involved as well.
If your practice decides to accept more than one dental savings plan, the fee schedule for each plan will be different. Our expert check which plans the patient has and then charge him or her the correct fee based on the appropriate fee schedule. This means you and your team have more time to focus on profitable activities, like growing your practice.
These fee schedules are very straightforward and easy to understand, and they typically align with the dental insurance fee schedules you may already be familiar with. This is because insurance and dental savings plans are usually offered by the same providers.
Comments