Founder/CEO Practice Quotient, Inc. Griffin, Georgia
The private insurance industry and federal/state governing bodies are responsible for financing most of the healthcare treatment in the United States. These entities are constantly evolving with regards to budgets, perceived treatment necessity, legislative initiatives and market share. This session will include a summary of material industry changes that have occurred since 2020 and/or are pending with a breakdown of the resulting effects for the OMS community. This session will focus primarily on the private insurance industry efforts to reduce its cost of care, attempts to add/remove oral surgery procedures and alter overall methodology to compensate oral surgeons for treatment. It will cover new companies and products that have potential to disrupt traditional markets. There will be an overview of recent network participating contract language and what steps can be taken to remedy (if applicable). A 20-minute Q&A period at the end will facilitate discussion among the session participants.
Learning Objectives:
At the conclusion of this presentation, participants should be able to:
Describe how changes in the industry that finances the delivery of healthcare may impact their revenue, new patient growth, service approach and overall business strategy of their practice(s).
List the dental insurance trends that have occurred and/or are underway that will materially affect various aspects of their business.
Explain the information regarding trends identified in the course to the appropriate stakeholders within the practice organization for discussion and/or execution of desired actions in response to respective trends.