When it comes to running a business, there has to be a clear system to account for income properly, and it’s no different for dental practices. If you want to impact practice success, you’ll need to track incoming revenue. That’s why running the daily deposit report is important to help you make sure your revenue is well managed.
When a dentist chooses to outsource their insurance billing, the dental team might feel a little uneasy about the change that’s coming. It’s fair - outsourcing dental insurance billing is not the easiest transition for every dental practice. And there are certainly challenges that come with adding a remote dental billing specialist, especially when you’re not sure what changes are coming.
Collecting payment from your dental patients is vital to your dental practice. But talking with patients about their payments can be a sticky situation, especially if their insurance benefits are complicated. Whether or not the patient is covered by insurance, you need to clearly communicate what their estimated out-of-pocket costs are.
If you’re like me, when dental patients mention Medicare, your head spins a bit. Most people would rather ignore Medicare than deal with it! But if your practice has Medicare Advantage patients or anyone over 65, you need to know about Medicare.
When you’re giving dental patients an estimate of their out-of-pocket costs, it’s important to be accurate. This means you understand their full breakdown including deductibles, downgrades, and overall: insurance verification.
As we all know, the dental billing process is complicated. If your process includes outdated dental insurance billing practices or preparing claims without proper training, you risk using illegal dental billing practices without even knowing it. Insurance companies thrive on the incidence of dental billing errors.
When introducing your team to a dental billing company, or even bringing up the idea of hiring one, your employees will naturally have a lot of questions like: Do we report to the remote team? Are we losing our jobs? How will this work?
Dental patients notice more in your office than you might think. Sure, the top priority is to see a dentist who can give them amazing dental care, but the experience they have in your dental office can make or break their return rate. You can dramatically improve the dental experience with a simple step: by using a dental billing service.
Dental insurance billing is, to a lot of dental professionals, their least favorite part about working at the dental office. It’s complicated, tedious, time-consuming, and always challenging. But it’s also vital because claims are a major revenue source.
So you’ve heard about this service that you’re noticing more and more of your fellow dentists utilize: outsourced insurance billing. And from what you’ve heard, this service is helping dentists all over the country increase their collections percentage while also relieving their admin team of dealing with insurance companies.
