937: Metric Mondays: Is Getting Out of Network Dead? The Data Will Shock You! – Dave Monahan

Over 50% of practices are either thinking about or starting to move out of network. It’s a trend that's not slowing down! In this episode, Kirk Behrendt brings back Dave Monahan, founder and CEO of Kleer, to share the shocking data behind going out of network and why you’ll wish you had done it sooner. To learn all the benefits of going out of network for you and your patients, listen to Episode 937 of The Best Practices Show!

Learn More About Dave:

• Send Dave an email: dave@kleer.com 
• Follow Kleer-Membersy on Instagram: https://www.instagram.com/clerri_official
• Learn more about Kleer-Membersy: https://clerri.com

More Helpful Links for a Better Practice & a Better Life:

• Subscribe to The Best Practices Show: https://the-best-practices-show.captivate.fm/listen
• Join The Best Practices Association: https://www.actdental.com/bpa
• Download ACT’s BPA app on the Apple App Store: https://apps.apple.com/us/app/best-practices-association/id6738960360
• Download ACT’s BPA app on the Google Play Store: https://play.google.com/store/apps/details?id=com.actdental.join&hl=en_US
• Join ACT’s To The Top Study Club: https://www.actdental.com/ttt
• Get The Best Practices Magazine for free: https://www.actdental.com/magazine
• Please leave us a review on the podcast: https://podcasts.apple.com/us/podcast/the-best-practices-show-with-kirk-behrendt/id1223838218

Episode Resources:

• Watch the video version of Episode 937: https://www.youtube.com/@actdental/videos

Main Takeaways:

• More practices than ever are thinking about or going out of network.
• Going out of network doesn’t mean you will lose the majority of your patients.
• Whether you're going fully or partially out of network, adopt a membership plan.
• Membership plans are cost-effective for patients and will be better for your practice.
• Start by dropping your lowest producing insurer. You'll wish you had started it sooner!

Snippets:

0:00 Introduction.

1:50 Are dentists going out of network?

4:56 Why are large insurance companies purchasing dental practices?

7:09 How many patients will you lose if you go out of network?

9:34 What happens if dental insurance disappears?

13:14 Final thoughts.

14:18 More about Kleer-Membersy.

Dave Monahan Bio:

Dave Monahan is the CEO of Kleer, an advanced, cloud-based platform that enables dentists to easily design and manage their own membership plan and offer it directly to their patients. Kleer is turn-key and free to implement. Their mission is simple: partner with dentists to increase the value of their practices by making dental care accessible and affordable to everyone.