In this episode of The Less Insurance Dependence Podcast, Gary Takacs and Naren Arulrajah discuss whether dental insurance will undergo significant changes in 2025. Gary highlights the historical context and entrenched profit-driven practices of insurance companies and explains why a major overhaul is unlikely. However, minor legislative improvements, such as prohibiting insurers from setting fees on uncovered services, might occur.

Episode Timestamps

  • 00:01:26 – Live event announcement: Thriving Dentist Live Workshop in Austin, Texas.
    Topic: Grow Your Practice To Full Potential And Achieve An Effective Work-life Balance!
    The Blueprint to kickstart your year in 2025 February 1st, Time 9- to 5 pm, Location – City of Austin, TX, Register www.thrivingdentist.com/austin/
  • 00:03:15 – Will Dental Insurance Finally Get A Much-Needed Overhaul in 2025?
  • 00:06:55 – What change can we expect to see in 2025?
  • 00:12:44 – if you look at it at a core level, why are you paying an insurance company 45 to 50% of your revenue?
  • 00:13:24 – The reality is that patients are not going to the insurance database or insurance website to find you.They are finding you on Google.
  • 00:15:37 – The idea of insurance companies being able to charge you 45 to 50% of your revenue to get a patient is outdated.

I’d love to report that, yes, insurance is going to get a big overhaul in 2025, but it just isn’t going to happen. It’s too deeply entrenched, and the game is too slanted in their favor.

Gary Takacs

You’re paying an insurance company 45 to 50% of your revenue to provide you with patients, but if you step back and look at it objectively, you could get new patients into your practice for a fraction of that cost.

Gary Takacs

Resources


Gary Takacs

Gary Takacs One of Gary's most significant achievements as a dental practice management coach is transforming his own practice, LifeSmiles, from one that was infected with PPO plans, no effective marketing strategy, and an overhead of 80% to a very successful dental practice that is currently one of the top-performing practices in the US.

With over 2,200 coaching clients, Gary has first-hand experience transforming insurance-dependent practices into thriving and profitable practices.

Through his Personalized Coaching Program, Gary shares access to the systems, strategies, processes, and experience gained over 41 years of coaching dentists and transforming over 2200 practices worldwide.

Learn More: www.thrivingdentist.com/coaching/
Connect with Gary Takacs on Linkedin

Naren Arulrajah

Naren ArulrajahAs CEO of Ekwa Marketing, Naren has over a decade of experience working with dental practices and helping them attract the ideal type of patients to their practices. It is his goal to help dentists do more of the type of dentistry they love with the help and support of effective digital marketing.

Ekwa’s "Done-For-You" Digital Marketing model blends fundamental persuasion principles with an all-in-one Digital Marketing solution to help your ideal patients find you and choose you for reasons other than being on their insurance plan.

If you’re interested in finding out if Ekwa is the right fit for you and your practice, book a Free Marketing Strategy Meeting with Ekwa’s Marketing Director, Lila Stone.

Book Free Marketing Strategy Meeting: www.lessinsurancedependence.com/marketing-strategy-meeting/

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