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.
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So you’ve tried outsourcing your dental billing, and after some time, you’re considering bringing it back in-house at your dental practice. It’s pretty common to assume the ideal is to keep every practice administration task in-house.
When you hire an in-house dental biller, you already have a pretty good idea of their previous experience. They should know how to appeal claims, work the aging report efficiently, and maintain a good collections percentage. These qualifications are a no-brainer, right?
When it comes to making a dental practice profitable, some financial mistakes are all too easy to make. This is largely because dentists get very few if any business classes in dental school. Yet launching a private practice makes you the CEO of your own company while you’re also working in your company.
When a dental patient cancels their appointment, it’s easy to say, “no big deal, life happens.” And that’s true, you can’t force someone to make it to their dental appointment. However, when a patient doesn’t come in for their appointment, it results in a loss of revenue, especially if cancellations are common at your practice.
You know it’s important to have a streamlined dental billing process, but how do you build one? There are a lot of moving parts in the dental billing process. It’s important to have the right strategy in place to help it run smoothly so that you can collect on every procedure performed while keeping overhead costs low.
Navigating Medicare feels like being lost in a maze without a clue where to take the first step, we get it. Unfortunately, too many dentists have no idea that ignoring Medicare rules can really hurt them. Are you wondering what Medicare coverage has to do with your dental practice? Well, it’s more than you know.
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.
