Dr. Mark Murphy: So Eric, I could not agree with you more. And—and I think you’re talking predominantly about the clinical side of dental sleep medicine. It’s very easy. If you can make a bite splint, that is way harder than taking a bite and making an upper/lower device that somebody’s gonna wear to hold their mandible forward. It doesn’t require anywhere near the precision. It’s very easy to do.
Many of those steps are delegatable to other team members because it’s a medical procedure that a dentist delivers for a medical problem. Um, but we’ve got the data that’s very interesting—some of it from the ADA and some of it from insurance bureaus in terms of their billings.
There’s a couple hundred thousand dentists in the country—give me that. About 100,000 of them have ever taken a sleep course. That’s good. That means the knowledge is rising.
Dr. Mark Murphy: I started a sleep program at Detroit Mercy School of Dentistry a few years back. So students are starting to get a little bit of that. But 100,000 of the 200,000 dentists have ever taken a sleep course—that’s great. But we know that only about 7,500—maybe, maybe 8,000—we don’t know the exact number, but certainly not more than 8,000 have ever made a device for someone other than themselves—have ever made a device for a patient. Well, that’s not very good.
And then we say, Well, wait a minute, let me tell you one more factoid: Of that 7,500 dentists who’ve made a device for another patient, only about 1,200 or 1,400—maybe as many as 1,500, but not 2,000—have ever successfully billed medical insurance.
And this is a medical procedure covered by medical insurance routinely and compensated very well.
And so then if you look around—with my history with ProSomnus and what I do with the International Academy of Sleep—and we look around and say, Well, how many dentists are doing 15 or 20 or more devices per month—really doing sleep in their practice?
Dr. Mark Murphy: And the answer there is two or three hundred. Maybe 350, but not 400.
And so—wait a minute—there’s 100,000 dentists that have taken a course, and it’s not hard to do. Oh. But you could hear from that story—it’s hard to get paid by medical insurance.
And that’s why, you know, whether it’s the International Academy of Sleep or the American Academy of Dental Sleep Medicine, there are lots of great places to learn the clinical aspects of dental sleep medicine.
But unless you have a software—and warning, warning, big warning lights coming out, I’m about to say some sort of commercially overt things—unless you have a software like our Restful software that makes sure you check all the boxes, that you get everything lined up correctly so that you can get paid by medical insurance…
And unless you have a billing partner, like our concierge billing from Restful, that really has access to all of these portals for all the insurance companies, it becomes very, very difficult to get traction and start to do the kind of numbers that you know are available.
Dr. Mark Murphy: Because the average practice has a couple thousand patients. That means 500 of ’em have sleep apnea. 480 of those—80%—have never been diagnosed or treated. And yet, when they start screening those patients—if they are screening those patients—very few of them move forward because they haven’t untangled the medical communication and the software that you need.
And they haven’t untangled the medical reimbursement model. And so they end up doing them for cash only, and they end up doing one or two devices a month.
Now, there’s nothing wrong with that if that’s what you said—that’s your goal and objective. But usually when you talk to those practices, they say, I gave up on sleep, or I quit trying to do this ’cause I couldn’t get paid by medical insurance.
And it’s because they didn’t have the right kind of software or the right kind of billing partner to really make sure that they—they had that kind of continuity of—of, uh, perpetuation.
Dr. Eric Block: Can you actually explain more about the IAOS? Um, what’s involved? Is it a membership? Do you have, um, uh, is it live? Is it online?
Dr. Mark Murphy: Sure.