September 23, 2024

From complicated reimbursement procedures to low fee schedules, dental insurance can be a pain in the neck. Accordingly, many dentists are understandably considering dropping insurance plans, which will undoubtedly cause them to lose patients. But what if these dentists offered their patients a dental membership savings plan instead?

A dental membership savings plan is exactly what it sounds like. In exchange for a monthly or annual fee paid to a practice, member patients receive discounts on dental care. Unlike insurance, these plans have no deductible or annual limit and the practice determines what discounts patients receive. Dentists would no longer be bound by unreasonable reimbursement rates or forced to deal with insurance claims. Rather, they would be allowed to create treatment plans based on the needs of patients, without insurance coverage restrictions, leading to better treatment quality and patient satisfaction.

Practices offering membership plans are also likely to experience increased loyalty and repeat visits from patients desiring to reap the benefits of their paid memberships. This in turn helps practices build good relationships with patients while increasing profits via a steady and predictable revenue stream.

Questions or comments? Please contact us at (917) 444-2879 or Admin@AndrieuxLaw.com.