Today, some of our colleagues write off upwards of 20%, even 25% of their fees while bearing a 70% practice overhead. Do the math. With poor reimbursement and high practice overhead, it’s almost as if we’re working for the insurance companies.
Is it Even Possible to Dump All of Your PPOs Today?
Although it’s possible, it’s not necessarily the best plan for many practices today. There are many factors to be considered before you simply cut your managed care umbilical cord. If more than 25% of your patients have PPO insurance for which you are in-network, just dumping all the plans could unnecessarily jeopardize your practice.
When my father was dying of cancer he was deeply in debt and had a veritable PPO “factory.” Elizabeth and I were bedside at the Mass General Hospital when he told us he had no retirement savings, no life insurance… nothing for my mother to live on. He asked us to take over his practice, turn it around to create financial security for my mother. We promised we would, and we did.
He had 15 PPOs and was bleeding money when he passed away. 3 years after taking control of his practice we had eliminated 13 of his 15 plans and created a highly profitable practice. During this program, you’ll discover exactly what to do to REDUCE YOUR DEPENDENCE ON MANAGED CARE INSURANCE and create a more enjoyable, far more profitable practice.
Whether You Want to Say Goodbye to ALL Your PPOs or Just the Worst, Don’t Miss this Webinar!