In this episode, Gary and Narin discuss the benefits of reducing insurance dependence in your dental practice to increase its value. They emphasize that a practice’s value is closely tied to its profitability and that reducing insurance dependence can significantly enhance that profitability. They also mention the option of selling your practice to a Dental Service Organization (DSO) as an alternative pathway. Focusing on attracting fee-for-service patients and dropping unnecessary PPO plans can boost your practice’s income and long-term value. Enhancing the value of your practice is a valuable long-term strategy to consider.
Download this Freebie Unlock the secrets to increasing your dental practice’s value! Download the ebook now to discover how reducing insurance dependence can elevate profitability and attract valuable fee-for-service patients. DOWNLOAD NOW Episode Timestamps- 00:00:50 – Introduction to the episode
- 00:01:32 – Quick announcement about the upcoming masterclass
- 00:03:53 – Jumps into the topic
- 00:04:42 – A value of a practice
- 00:07:10 – How does reducing insurance dependence increase the value of a practice?
- 00:08:50 – Fee for service
- 00:12:20 – 2 pathways to sell your practice
- 00:13:30 – DSOs
- 00:16:40 – Strategies to increase patients in your practice
Learn more about the Masterclass
Ready to Take the Next Step?
Get personalized guidance on reducing insurance dependence and building a thriving practice.
Schedule a Coaching Strategy Meeting with GaryBased on Episode 266 of the Less Insurance Dependence Podcast. Listen to the original episode →
Reviewed by
Naren Arulrajah
CEO & Founder, Ekwa Marketing
Naren Arulrajah is the CEO and Founder of Ekwa Marketing, a 300-person dental marketing agency that has helped hundreds of practices grow through SEO, reputation management, and digital strategy. A published author of three books on dental marketing, contributor to Dentistry IQ, co-host of the Thriving Dentist Show and the Less Insurance Dependence Podcast, and a member of the Academy of Dental Management Consultants. He has spent 19 years focused exclusively on helping dental practices succeed online.