Chief Executive Officer Practice Quotient, Inc. Griffin, Georgia
Disclosure: Nothing to disclose.
The private insurance industry and the federal/state governing bodies are responsible for financing most of the healthcare treatment in the Unites States. These entities are constantly evolving in regards to budgets, perceived treatment necessity, legislative initiatives and market share. A summary of material industry changes that have happened in the past 12 to 18 months and/or are pending will be included with a breakdown of resulting effects on the OMS specialty. This session will focus primarily on private insurance industry efforts to reduce cost of care as well as attempts to add/remove OS procedures and alter overall methodology to compensate OMSs for treatment. It will cover new companies and products that have potential to disrupt traditional markets and provide an overview of recent network participating contract language and what steps can be taken to remedy (if applicable). A 20-minute question-and-answer period at the end will facilitate discussion among 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 revenue, new patient growth, service approach and overall business strategy of the practice(s).
List the dental insurance trends that have occurred and/or are underway that will materially affect various aspects of practice.
Supply information about trends to the appropriate stakeholders within practice organization for discussion and/or execution of desired actions in response to respective trends.