Breaking Bad fans are well-acquainted with Walter White’s drastic transformation from a high school chemistry teacher to a meth kingpin after his cancer diagnosis. Had Walter been properly insured, the entire plot of Breaking Bad would never have unfolded. This example paints a vivid picture for dentists on the importance of insurance in protecting themselves … Read more
Imagine being at the forefront of a revolution, where science meets technology to reshape an entire industry. You’re not in a Silicon Valley startup or a NASA lab; you’re in a dental practice, right here in Canada. Welcome to the world of digital dentistry! This groundbreaking fusion of technology and dentistry is transforming the dental … Read more
A Chicago woman’s new set of teeth should have left her smiling; instead, she’s mouthing off to the Morning Insiders about an $11,000 bill she feels she’s owed from her dentist’s office. “I expect to live another 30 years, so for those 30 years, I’d like to have a more magnificent smile, see?” said Sheila … Read more
Who is the beneficiary of your corporate owned life insurance? A rather simple question but one that is often misunderstood. If one were to dust off one’s corporate owned life insurance contract you would see that the owner and beneficiary of the contract is your corporation. Why? Because of tax law rules dealing with taxable … Read more
In this episode of Weekly Wisdom, Josh Koziebrocki of Koziebrocki Law discusses insurance companies and the recent delisting issues in dentistry. Subscribe to Oral Health’s weekly e-newsletter to have the latest episode delivered straight to your inbox every week! Sponsored by The Institute for Dental Excellence (T.I.D.E.) is committed to providing … Read more
Processing dental insurance claims can be a complex and confusing task. But if you can identify your bottlenecks and redundancies while automating certain manual tasks, you can speed up claims processing and reduce costs. Unfortunately, this can be challenging if you don’t know where to start. But with the right software and best practices, you … Read more
Dental insurance billing is one of the most critical operations at a dental office. No matter how efficiently you’re producing and delivering quality patient care, your practice won’t grow unless an ethical dental billing process is in place. Despite your continuous efforts in improving the practice, there’s always a need for financial management to keep … Read more
Nevada dentist David White has seen diseased and rotted teeth in the mouths of patients who routinely put off checkups and avoided minor procedures such as fillings. While dental phobia is a factor, White said, the overriding reason people avoid treatment is cost. To help patients lacking dental insurance, White in 2019 started offering a membership … Read more
Canadian insurance companies are slashing premiums as claims fall, in a bid to help small- and medium-sized businesses grappling with Covid-19. Canada Life has announced premium reductions of 50% for dental and 20% for vision and extended healthcare benefits, excluding prescription drugs. At Sun Life Financial Inc., credits against dental and non-drug-related extended health care … Read more
B.C. dentists say they’ve been unable to collect pandemic insurance because the province’s current directives do not clearly require that dental offices close so they can provide emergency care. Since March 23, the province has recommended that all dental offices suspend non-emergency care. TripleGuard, which provides insurance to 1,800 B.C. dentists, wrote in a letter to clients that … Read more
Aviva Canada is promising guidance to dentists who want to submit claims arising from provincial government orders shutting down non-essential services. Aviva writes TripleGuard, a property and casualty insurance product for dentists provided by CDSPI, originally known as Canadian Dental Service Plans Inc. In addition to equipment and contents, TripleGuard covers loss of services income, … Read more
Aviva Canada CEO Jason Storah says the insurance company will “stand by” its pandemic coverage for dentists who followed provincial orders to close down their practices because of the outbreak of COVID-19. The reassurance to the dental community comes two weeks after provincial dental associations “strongly recommended” that thousands of dentists immediately suspend all non-essential … Read more
Thousands of Canadian dentists who followed industry recommendations to shut down their practices nearly two weeks ago because of the COVID-19 outbreak have still not received insurance payments despite taking out business interruption policies that include pandemic coverage. The industry-wide policy – sold to dentists and dental specialists by CDSPI Advisory Services Inc. and underwritten … Read more
Are Canadian dentists covered for business interruption or commercial liability arising from the COVID-19 pandemic? That is open to question right now for some existing policies. What seems clear is that if a dentist wants to buy a new policy through CDSPI, it will exclude pandemic. Toronto-based CDSPI, originally known as Canadian Dental Service Plans … Read more
Don’t underestimate the willingness of your patients when it comes to dental insurance. Most patients have it (more than you think) and if presented with a treatment that would be covered, even partially, are willing to use it. Open the dialogue around the topic, whether it’s you, your office manager or front desk staff, to … Read more
As healthcare reforms promote more preventive care and associated healthy-seeking behaviour, some controversies emerge. I notice, for example, that American employers in their efforts to control healthcare costs, are taking a look at the extra-burden of an employee who smokes. One study shows that this behaviour imposes an additional $5,800 per year on the employer … Read more
By Kristen Gerencher – Market Watch – Vital Signs – June 13, 2011 SAN FRANCISCO (MarketWatch) — Got teeth? If you lack dental insurance or have a skimpy policy, your options for scoring a better dentistry deal are growing. Image by loufi via Flickr Out-of-pocket costs for pricey work such as crowns, implants and root … Read more
From CNBC.com – by Margo D. Beller – June 10, 2011 One had an idea: create a website allowing uninsured consumers to compare prices and reputations of dentists across the U.S. before stepping foot in the office. One looked at the numbers: a $45 billion market and a large population paying for their own dental … Read more
After a jaw-clenching recession for dentists in 2010, ADMIT IT!! – 2011 seems to be the year for the oral health profession to get back to the grind (sic). “New patients are coming, walking in and scheduling appointments on a daily basis,” said Rachel Williams, a receptionist at Andersonville Dental. “I have seen a number … Read more
I’m old enough to remember, two early dental entrepreneurs who were excoriated and taken to court for appearing in an ad related to the Holiday Inn. My how the times have changed. From Dental Tribune international – No matter what size your practice is, reaching out to new and prospective patients is a must for every … Read more