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
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Schedule a Coaching Strategy Meeting with GaryBased on Episode 266 of the Less Insurance Dependence Podcast. Listen to the original episode →