You’re a dentist looking into outsourcing your billing. You’ve seen how complicated dealing with dental insurance claims can get. Your team is feeling burned out trying to do it all: insurance billing, office management, patient check-in and out, patient billing, scheduling, answering phones.… It’s a lot.
How do you modernize a dental office? When it comes to running your dental practice, keeping pace with change is a big challenge. Opportunities to upgrade are everywhere, from treatment technology to office systems to management practices. As a dental practice leader, deciding what to update can be one of the hardest parts of running a business.
If you’ve worked in a dental office for a few years, you certainly have heard the word clearinghouse before. You know it’s a step in the dental billing process, but in the back of your mind you might be thinking, “Do I really understand what an electronic claim clearinghouse is and why it’s necessary?”
The decision to outsource your dental billing typically comes when some preconceived expectations. And when those expectations aren’t met in the way you, as the dentist envisioned, there can be disappointment. And neither you nor the outsourced dental billing company wants that.
Dental insurance claims can account for about 50% of your overall revenue. As a dentist, you likely see that percentage and realize or already know, “wow, getting insurance claims paid needs to be a number one priority for my dental team!” And you’d be right.
After several months of working with your outsourced dental billing company, you might be thinking, “Is outsourced dental billing working? Am I getting my money’s worth?” Hey, that’s a fair question! And now that enough time has passed, you’ll want to check your billing performance metrics. What are billing metrics? How is billing performance measured?
When you explore outsourcing your dental billing, your first question is likely to be, “How much do dental billing companies charge? ” And if you ask any remote dental billing companies, there’s not typically a cut-and-dried answer. This can feel a little frustrating to dentists - but the reason there isn’t one magic number is that several factors can affect dental billing pricing.
As a dentist and business owner, you’re interested in exploring outsourced dental billing to solve a big problem: the costly, slow, confusing process of getting insurance firms to pay your claims.
To help dentists use new health plans correctly, Dental Cashflow Solutions has published a book on Medicare billing for dentists Dental Cashflow Solutions has just launched a guide helping dentists make essential Medicare decisions more easily - “Essential Guide to Medicare for Dentists”
