How to drop low-reimbursement insurance contracts without losing patientsIf your profits are being squeezed by low-reimbursement insurance contracts but you hesitate to drop them because you think you’ll lose too many patients, then this podcast episode is for you. I’m going to explain 4 key steps that my students have used to not only minimize loss of current patients, but to actually increase their patient numbers with high-value services that more than double their profit per visit! 

You’ll hear the top strategies that can help a practice successfully navigate the transition from insurance-based to self pay. This is equally applicable for practices that will be dropping all those low-reimbursement insurance contracts at once, for hybrid practices that are trying to cultivate more out-of-network business, and even to fully cash practices that are looking for ways to stand out from the insurance-based competition.

This “highlight” is from a Q&A call with my Mastermind Gold group—a highly interactive, supportive group where people who have tons of questions and concerns about how to start, grow, or transition to a cash-based private practice get the answers, resources, and confidence they need to build the practice of their dreams. We have a group coaching call every week, and we occasionally use excerpts of those calls for this podcast.

More specifically, we discuss these topics related to dropping low-reimbursement insurance contracts:

  • Ideas for communicating with existing patients to help them understand the reasons why you are making this change and how it can actually provide additional value for them.
  • Tips for helping potential patients learn what portion of their self-claims will be covered by their out-of-network insurance benefits.
  • How to guide payment-related conversations so that patients will focus on the importance of successfully reaching their treatment goals.
  • How to use transition packages to prove the value of your cash-pay services to patients who are “on the fence.” 
  • Powerful language you can use to feature your improved service offerings in promotional messages to your email list.

Interested in the cash-based private practice model? 

>> Click Here to learn how to start, grow, or transition to your own Cash-Based Practice <<

Do You Know The 5 Characteristics Common To All Successful Cash Practices?

Enter your info to join my newsletter and learn all 5 in this free article series.

 

Thank you! Please check your inbox for an email from me.

The Best Way To Get Started Is To Learn The 5 Characteristics Common To All Successful Cash Practices

Enter your info to join my newsletter and learn all 5 in this free article series.

 

Thank you! Please check your inbox for an email from me.

Almost there!
Enter your info to join my newsletter and get this free article series now.

 

Thank you! Please check your inbox for an email from me.

Latest Podcast Episode

Get my best cash-pay practice advice, how-to’s, and updates delivered to your inbox

Pin It on Pinterest

Shares
Share This