Today, most practices participate widely in 5 or more insurance networks. As a result, you are focused on increasing reimbursements to maintain your standard of care, staffing and income.
In considering a partner to help you increase reimbursements, consider the following:
– Why have my fees decreased or remained stagnant while my costs continue to rise?
– What do I need to do to prepare to negotiate with insurance companies?
– How much better can 5Lakes negotiate than my office manager?
– Really, how crazy is the insurance game today? Do I need a company to help?
Step 1 – Choose An AnalysisThe 5Lakes proprietary Insurance Analysis results in a customized insurance participation strategy for your office.
|Premium Analysis||Insurance Analysis|
|Maximize insurance reimbursements with PPO negotiations and optimizations||X||X|
|Collection, analysis and ranking of PPO fee schedules across more than 20 insurance plans||X||X|
|Review and audit of current UCR fees compared to insurance reimbursements||X||X|
|Review of competing providers and the PPO’s they participate with||X|
|Employer benefit plan research. Which employers have Aetna?? Is Aetna a big player in my market?||X|
Step 2 – Implement The Strategy
Leveraging the results of the Five Lakes Premium Analysis OR the Five Lakes Insurance Analysis, let our team implement the approved insurance plan for you. Must be purchased at the same time or after the completion of one of the Five Lakes Insurance Analyses. This is a 12-month minimum commitment.
✓ PPO negotiations and optimizations
✓ Regular tracking and monitioring of your PPO participation and progress
✓ Insurance training for your staff
✓ Reporting of benchmarking, patients and production trends
✓ Access to 5Lakes Insurance Center for industry news, updates, and management of your account
✓ Access to 5Lakes University (self-serve education & support)
* Pricing is for three dentists with the same specialty at the same office.
We will provide a customized quote if your office is larger than this or includes more than one specialty.