Buying a practice is exciting, but there are many challenges you might not be thinking about. For example, are you going to be in the same PPO’s as the previous owner? When are you going to start billing under your new tax id? What should you tell patients in the meantime? Let 5Lakes help you transition your practice so you can focus on other aspects.
Step 1 – Determine Appropriate PPO Participation
The 5Lakes proprietary Insurance Analysis results in a customized insurance participation strategy for your office.
|Maximize insurance reimbursements with PPO negotiations and optimizations||X|
|Collection, analysis and ranking of PPO fee schedules across more than 20 insurance plans||X|
|Assistance in setting office fees based on market data||X|
|8 credentialing applications/TIN changes||X|
|2 hours of staff insurance training with an insurance workbook for your team||X|
|EOB Support to ensure claims payment accuracy||X|
Additional Startup Services
The 5Lakes Market Analysis is ideal for doctors interested in scouting a potential location or to supplement a practice acquisition.
✓ Listing of local competitors and the PPO’s they participate with
✓ Research local employers to determine if they offer dental benefits and if so, which carriers