204. Navigating Healthcare Pricing in the New Year

Your host, Dr. Addison Killeen delves into the pertinent subject of fee setting within healthcare, specifically focusing on dental practices. He suggests contemplating a fee adjustment around the onset of January, aligning it with the beginning of the new year. Dr. Killeen underscores the repercussions of inflation, referencing the fluctuating Consumer Price Index (CPI) as a tool for monitoring economic shifts. Proposing a specific approach to fee updates, he recommends a comprehensive adjustment on March 1st for all treatment plans, ensuring both existing and new procedures reflect the updated higher rates. Dr. Killeen also touches upon the consideration of ongoing treatment, advising a postponement until March 1st before incorporating fee changes for patients concluding their treatment plans.