Friday, June 19, 2009
Dental production per dentist
Saturday, April 11, 2009
Production in a dental or medical practice
Monday, March 9, 2009
Proveer completes first dental practice acquisition
Proveer Practice Management helped Grand Rapids dentist office Van Haren Family Dentistry acquire the practice of Grand Rapids dentist Dr. Robert Bochniakas on March 1st, 2009. The merger is a win-win-win for Dr. Bochniak, Van Haren Family Dentistry, and patients. Dr. Bochniak will continue to see his patients at Van Haren Family Dentistry for 6-12 months while transitioning to full retirement. The larger patient base furthers Van Haren Family Dentistry's growth objective. Finally, Dr. Bochniak's patients will experience a smooth transfer of care to Grand Rapids dentist Dr. Ryan Van Haren as Dr. Bochniak transitions to retirement.
According to Dr. Van Haren, “We have experienced consistent organic growth over the last few years despite the economic downturn. Dr. Bochniak’s desire to transition to retirement offered us an opportunity to take a big leap in our growth."
Dr. Van Haren adds, "The fit between the practices in this merger is great. Both Dr. Bochniak and I enjoy the relationships we form with patients and our sense of service to patients. We both built our practices to foster those relationships and help our patients.”
Greg McGlaun from Proveer Practice Management was the architect of the acquisition and is now managing the transition. "We are managing a number of tansition issues: different location, different fees, different relationships with insurance companies, different practice management software, different approaches to periodontal care and x-rays, and more. It's early, but so far so good."
Sunday, January 11, 2009
Genuine service
Friday, December 12, 2008
Leveraging dental insurance benefits
Dental insurance is complicated. Annual maximums, benefit periods, exclusions, participating versus non-participating, usual and customary, claim submission, narratives, explanation of benefits, deductibles, coverage levels, and writeoffs. Through all the complexity, hundreds or thousands of dollars of each patient's household budget are at stake.
Many insurance companies provide ready access to details of patients’ insurance benefits. Rather than assume each patient has generic benefits, dentists can leverage insurance benefit information to design treatment plans that better leverage patients’ dental insurance benefits. By taking account of variation in patients’ insurance benefits, dentists can produce one hundred or more dollars per day of highly profitable dentistry while providing better dental care to patients. Just one hundred dollars per day adds $10,000 or more profit for the dentist over the course of a year. What’s best, insurance companies pay for the extra production.
While insurance benefits would be irrelevant in a utopian world of “ideal treatment”, financial considerations are relevant in the real world. If economics were irrelevant, why would so many people – especially in poorer countries - continue to walk around with imperfect smiles? Why would employers put so much money and effort into providing dental insurance benefits? Why would patient financing programs such as Care Credit exist? Why would Americans seek dental care in Mexico or other countries?
The principle of Patient Autonomy in the ADA Code states, “The dentist’s primary obligations include involving patients in treatment decisions in a meaningful way, with due consideration being given to patient’s needs, desires, and abilities.” Finances are not only a justifiable, but a required consideration for dental treatment under the ADA Code.
With detailed information about patients' dental insurance benefits, dentists are armed to provide optimal care for real-world patients who face constraints on their household budgets.
Tuesday, November 4, 2008
Dental fees for profitability part 1
Proveer Practice Management now offers a dental fee balancing service with a guaranteed 1,000% return.