Why Some Dentists Hesitate to Raise Their Fees

Like most other services, the cost of dental procedures rise periodically. However, quite a number of dentists are reluctant to raise their service fees perhaps for fear of losing their loyal clients. Although most dental offices review their pricing strategy on an annual basis, not too many of them increase their rates as often as they conduct reviews.

Some dentists do not see the point of raising their fees because it is the dental insurance companies that dictate the reimbursement rates. Still a lot of others wait for the economy to stabilize before deciding on the final figures for rate hikes that are long overdue. Not a few dental offices also choose to minimize the discounts they offer clients rather than charge higher rates.

Regardless of the actual pricing strategy each dental practice decides to adopt, it is crucial to ensure optimum PPO reimbursement rates and thereby remain profitable. Dentists who cater to individuals, families, and corporate clients covered by insurance should thus find ways to seek the highest compensation possible. Among other things, this may require the services of capable third-party providers who can negotiate with insurance companies and obtain maximum reimbursement rates on behalf of the dental office.