Beyond Bitewings: PPO Reimbursement Rates

Insurance can be a necessary evil in the world of dentistry, and if dentists are doing their own negotiating of reimbursement rates, they could end up overpaying as much as 20 – 25 % for PPO programs.

In this episode of Beyond Bite Wings, the Edwards & Associates team welcomes Shelley DeGroff of PPO Advisors. Shelley, having over a decade of experience in the dental industry, knows the ins and outs of working with insurance companies to get the best rates for dental offices.

They discuss many frequently asked questions such as when is the right time to bring in someone like Shelley to look at PPO contracts. How does a specialist like Shelley help with PPO negotiations? And what kind of savings can they expect? Plus, how has COVID changed the way dentists are looking at both taking on and dropping insurance?

To get in touch with Shelley, you can visit the PPO Advisors Facebook Page
https://www.facebook.com/PPOAdvisorsLLC

Their website
https://ppoadvisors.com/

Or you can email Shelley directly
shelley@ppoadvisors.com

If at any time you would like to talk to someone at Edwards & Associates, please feel free to email us at info@eandassociates.com, we’d love to hear from you!

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Beyond Bitewings: Lease Negotiations

When it comes to leasing dental offices, many dental office owners will seek help when negotiating their initial lease but fail to put in the same amount of effort when it comes to renegotiating their lease renewal. This can be a big mistake.

In this episode of Beyond Bitewings, the team at Edwards & Associates talks to Evan Reynolds of Dental Space Advisors who helps answer some of the biggest questions dental business owners have.

They discuss how to negotiate a lease renewal for a business, and the important factors that need to be considered when you’re working with your landlord. Plus they talk about why bringing in someone like Evan can be so crucial in helping you work out the right terms.

They also talk about the pandemic, and what it means for negotiating a dental office lease, whether it’s new or renewing. Can free rent be considered? You’ll need to listen to find out!

Would you like to connect with Evan and his team? Visit: DentalSpaceAdvisors.com Or MedicalSpaceAdvisors.com

Or you can email Evan at:  Ereynolds@dentalspaceadvisors.com

If at any time you would like to talk to someone at Edwards & Associates, please feel free to email us at info@eandassociates.com, we would be happy to help!

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Marketing Your Dental Practice

Marketing your dental practice can be an overwhelming task. Understanding where to best spend your marketing dollars and how to measure results is crucial for the success of your practice.

Eric Hubbard and Andre Santos of Pain Free Dental Marketing join the Edwards & Associates team to talk about some of the biggest marketing questions and struggles dental practice owners have.

In this episode, you’ll hear why content is king, why you should treat your practice’s social media different from your personal accounts, and why understanding your demographic is crucial to attracting new patients to your dental office.

You’ll also hear the answer to the two biggest questions. How much should spend on a marketing plan, and what kind of timeline can you expect to see results?

If you’re looking to get the most out of marketing your dental practice, then this is a can’t miss episode. 

We are happy to help answer any specific questions you may have. Please feel free to email us at info@eandassociates.com any time or give us a call at 972.267.9191.

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Beyond Bitewings – 2020 Tax Planning

It’s hard to imagine, but 2020 is already almost over, which means it’s time to start making sure your dental practice tax planning is tied up for 2020.

Many dental offices are finding themselves with more cash in the books, and they’re wondering what they should do with it. Plus, everyone is trying to understand the guidelines for the loans, grants, and unemployment paid during the shutdown. Some of rules around these will not change (i.e. unemployment), and some of the policies are evolving and changing daily.

In this episode, the team from Edwards & Associates discuss where the current guidelines stand when it comes to tax planning and what you need to know as you figure out how to best spend and save your money for 2021.

The team discusses the tax implications from PPP loans and what will be forgiven, other loans, HHS grants, unemployment, and loan distributions from retirement accounts.

They also discuss a few things that you can do right now to get yourself set up for the end of the year and maximum dental tax deductions, including purchasing equipment, potentially adding children to the payroll, and getting your retirement accounts set-up and contributions added.

We understand that tax planning, especially for this year, can all be very confusing and are happy to help answer any specific questions you may have. Please feel free to email us at info@eandassociates.com any time or give us a call, and we are happy to help you navigate through your next steps.

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Welcome To Beyond Bitewings

 

 

In this episode, the team at Edwards and Associates discusses why Beyond Bitewings was created and what you can expect in upcoming episodes. 

We know running a dental office isn’t easy. In fact, dentists are taught to be great at their craft, but they’re not taught about the business of dentistry. This podcast aims to help educate dentists on business matters, ideas on how they can run their business more efficiently, and to inform about general issues and current events.

Plus, you’ll be on the inside track of how the firm works together to discuss and brainstorm common scenarios brought up by clients and the best way to tackle those and create dental business solutions.

We hope you’ll join us every other week for a new episode, as we’ll have a combination of guest episodes and episodes with our team. 

We would also love to hear from you and answer any specific questions you may have. Please feel free to email us at info@eandassociates.com any time, and we may even have your question on the show!

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Beyond Bitewings – COVID Update

As we wrap up 2020, many dentists are wondering how they can optimize the money they received through various grants and loans because of COVID. In this episode of Beyond Bitewings, the Edwards & Associates team discusses the loan forgiveness status and strategies for making sure you’re best prepared for whatever may come in 2021.

There are a lot of questions about PPP loan forgiveness, and the team covers everything you need to know about the timelines for rules for applying for forgiveness of the loan, how and when you needed to spend the money you received, and why the rules of forgiveness aren’t quite yet 100% clear.

The team also discusses the EIDL payment payback.  EIDL stands for the Economic Injury Disaster Loan, and why paying back this loan right away might not be the best decision as we enter 2021.

The third thing they discuss is the HHS stimulus payment and what you need to know when it comes to paying this back in addition to preparing your taxes for 2020.

We understand that these can all be very confusing and are happy to help answer any specific questions you may have. Please feel free to email us at info@eandassociates.com any time or give us a call, and we are happy to help you navigate your next steps.

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