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”
If you’ve ever worked with a dental billing company, you may have considered bringing billing back in-house. It’s a common thought, and an understandable one; but before making the switch, there are a few important risks to consider.
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.
