Skip to main content

Managing Increased PPE and Operational Costs in the Dental Office

How will you manage the increased costs associated with new PPE, more expensive PPE or a changed workflow if you can only see one patient at a time?

Many dental offices are finding that the cost of face masks that used to be 10-15 cents each are now $2-3 dollars a piece, a 10-20 fold increase. In addition, many offices are considering adding new types of PPE that will need to be changed after each patient and that dentists may not be able to see multiple patients simulataneously, but rather one at a time and sequentially without overlap. 

If you cannot see as many patients and each patient has higher costs from PPE and other supplies what is your plan for managing office income?

Have insurance companies who have been collecting premiums while dental offices are closed offered to compensate you for increased costs? Some dental insurance companies have advised dentists that they should be ready for decreased reimbursements.

Going forward dental offices are faced with the challenges of increased costs and decreased capacity. An in-office dental subscription could help you to manage these challenges.

Join us for a webinar about dental subscriptions and how they could help you thrive in the changing dental environment. Signup at https://mycirrusdental.com/webinarLandingPage.html

Comments

Post a Comment

Popular posts from this blog

Investigate Dental Subscription Options - New Learning for the Dental Team

If your dental team is faced with downtime, you might consider having them learn about a new product or service that results in more patients and more income for the office. A dental subscription is a way to create recurring revenue for your office and create loyalty with your patients.  But what type of subscription is right for your office and what should you consider when setting up your subscription program? Who will administer the subscription?              Option 1 : Dental office does everything from designing the plan, crafting legal documents, contacting patients monthly for collections and renewals, maintaining financial records of transactions, maintaining renewal dates. Administering this plan is possible but requires significant startup costs, time and labor to administer.              Option 2 : Contract with a dental membership administrator. There are many companies offering services and the level of service varies greatly. Some offer dental practices a wo
Post a Comment
Read more

My Decision to Leave the Dental PPO's

In the fall of 2019, Delta Dental announced that they were going to reduce benefits for all of the patients in my practice with Delta coverage. I decided to make a change. I became a non-restricted provider.  It was a very scary decision. I had prepped my team that I was considering this change for months. But when the time came, I wasn't sure what the result would be. Would I lose 35% of my patients, would my practice be able to survive? Would I be able to retain my staff? I have great patients and a great staff and want to be able to provide the best dental care with the best staff. I sent a letter to all of my patients letting them know about my decision, that we still welcomed them in our practice, and letting them know that we were offering an alternative, an in-office membership. I had calculated that the membership was a great value that would cost the patient significantly less and allow us to earn more. To my surprise, very few patients left, many subscribed to our members
Post a Comment
Read more

Dental PPO’s Will Drive You Out of Business

Dental PPO’s Will Drive You Out of Business Significant changes are underway in the dental marketplace as a result of the novel coronavirus. The ADA Health Policy Institute is forecasting a 2/3 decline in dental spending in the next year. This is coupled with increased costs for PPE and decreased capacity to see patients due to social distancing and new infection control procedures. The economics associated with PPO’s likely mean many of the procedures you perform will cost you more than you will receive in payments. Do you have the ability to set fair rates of reimbursement when you participate with a PPO? How long will you be able to continue practicing when you are losing money on procedures? With many traditional dental insurance companies retaining 40 percent or more of patient premiums, now is the time to consider a new economic model, an in-office subscription. A subscription service allows you to capitalize on the inefficiencies of traditional insurance by increas
Post a Comment
Read more