Question

the last staff meeting focused on ways to attract new patients to the dental practice. Several ideas were discussed. One of the ideas suggested that patients who have dental insurance would not be responsible for their copayment after the insurance company paid. Your assignment is to research the idea and report back to the group at the next meeting. What will you report back at the next meeting?

Answer 1

Implementing a policy where patients with dental insurance are not responsible for their copayment after the insurance company pays could help attract new patients to the dental practice.

Step-by-step explanation:

At the next meeting, I will report that implementing a policy where patients with dental insurance are not responsible for their copayment after the insurance company pays could help attract new patients to the dental practice. This is because it reduces the financial burden on patients and provides an incentive for them to choose the dental practice over others. The idea is based on the concept of cost sharing, which is a common practice in insurance, including health insurance.

Cost sharing refers to the portion of healthcare expenses that individuals are responsible for paying out-of-pocket. It includes elements such as deductibles, copayments, and coinsurance. By reducing the copayment for patients with dental insurance, the dental practice can potentially attract more patients and increase their revenue.