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Should I Drop Insurance Plans?
Manage episode 371490809 series 3370106
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It may seem counterintuitive to consider dropping insurance plans in the midst of patients not accepting treatment. However, because of continued increased supply costs and elevated employee costs, it’s important to close the gap between costs, revenue, and net profitability. Currently, insurance reimbursements are one of the main hurdles in closing that gap. While there are several options to consider for increasing reimbursements, in this episode, Dr. Kuba and Bethany discuss dropping network status. First, they discuss HOW to evaluate which insurance companies to consider dropping including specifics on how to evaluate reimbursements. Next, they discuss HOW to drop insurance including how to prepare your team for successfully dropping insurance. They focus on avoiding the “language of the enemy” and ensuring that your team is 100% confident before dropping a plan or two. Finally, they cover specific takeaways for determining an insurance drop system and plan.
Previous Episodes Worth Revisiting:
Overhead Expenses: How to Make More Money
Insurance MAD World Part One
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