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Payor and Profit Analysis for Dental Practices

Increase profitability in today's low-reimbursement insurance landscape.

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ECONOMICS OF CARE

Declining profits are due to increased costs and stagnant reimbursement rates.

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What you can do about it.

ProfitSocket discloses four
financial drivers of profitability

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Payor Reimbursement

  • Negotiate your most valuable codes for profit.

  • Adjust your payor mix for maximum use of chairtime

  • Evaluate plan usage in your office.

  • Know what procedures are low profit and adjust your costs​​

Adopted by leading solo and group dental practices nationwide.

It begins with understanding where profits are generated and where losses occur.

Cost Allocation: matching your costs with your procedures and 3rd party payors.

Our proprietary AI cost allocation model pulls data from your PMS and accounting software to uncover the key payors, procedures and providers that drive your practice’s profitability— and exposes those that don't.  

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Payors and Profit

It’s about more than reimbursement rates and allowable fees. Some payors are more profitable than others, and the right payor mix will maximize profitability.

Procedures and Profit

High-production procedures aren’t always the most profitable. When you factor in the time they require, some may actually result in a loss.

Providers and Profit

Some providers generate more profit for a practice than others due to how they diagnose, how they choose to practice, and the services they are trained to perform.

Practice Expenses

Understanding your costs—both service-related and operational—allows you to make smarter operational and procedural adjustments that improve efficiency, support better decision-making, and ultimately increase profitability.

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