Dental RCM Can Improve Your Bottom Line

Everywhere you look, dental billing companies and business of all stripes are talking about dental RCM. Everyone wants a piece of the profit pie, and finding ways to scale your practice seem ever distant amidst mounting AR and troubles with claim submissions and follow up. How can you know that your practice is ready to take the next step and partner with a dental RCM specialist that will actually provide solutions? Let’s talk about it.

What does dental RCM comprise of?

What does dental RCM even mean? More than a simple buzzword, dental revenue cycle management is the engine that keeps your practice running, from patient scheduling to dental billing claims and submissions. Like a machine, every part of your practice should be working in tandem to keep you cash flow positive as well as dimmish any outstanding AR.

There are seven special funnels that comprise a majority of dental RCM:

1. Scheduling of patient appointments
2. Confirmation and assessment of patient insurance coverage
3. Development of treatment plans and clinical
4. Processing and submission of dental billing claims
5. Handling and collection of payments from insurance and patients
6. Management of outstanding AR
7. Analysis and frequent reporting of overall revenue

Sound like a lot? Each of these pieces of your revenue cycle pipeline is crucial to keeping your practice profitable, and eventually scalable. Everyone has to start somewhere, and for many dentists, that journey starts with understanding each aspect of what keeps your dental RCM pipeline free of clogs and AR buildup.

How is dental RCM integral to my practice’s bottom line?

Let’s start with dental billing. Typically, your front office staff are your first line of defense when it comes to ensuring that you are paid 100% of what you’re rightfully owed. But what about all of the other things they’ve got on their plate? From scheduling, claim follow-up, to even making sure the office is clean; your staff have other things to worry about than sitting at the computer and working claims all day. What better way to appreciate your staff than to retain them and take the burden off of them? Plus, newfound timesaving and streamlining of processes means that they can partake in continuing education (CE) courses that work to keep them sharp and ready for dentistry’s future.

 

Outsourced dental billing and RCM

Think about the tangible “right now” benefits that outsourcing the primary aspects of dental RCM can provide to your practice:

• More time for patients
• Accountability reports and transparency in communication
• Cost that scales with profitability
• No need to hire or train additional staff

What if your practice needs help with the A-Z of dental RCM, but you’d like to stay within budget as well as increase profits and retain staff? What used to sound like a “magic bullet” for scaling profits and increasing cash flow is now a reality, thanks to a new type of business created by dentists for dentists.

What if I need help with managing my dental RCM?

Help with establishing protocol and streamlining your dental billing processes is no longer out of reach or an unprofitable endeavor. eAssist Dental Solutions is the nation’s leading provider of bespoke service packages that work with your profitability in mind. Simply put, we don’t get paid unless you get paid, and our scalable model of reducing and eliminating AR works to keep your dental RCM pipeline free of debris. Plus, we offer more than simple dental billing. Our solutions compromise the gamut of dental RCM:

• Accounting
• Patient scheduling and recare
• Patient billing management
• EFT deposit reconciliation
• Dental coding
• Insurance verification
• And more

Reaching out to us means not waiting an hour or more on a sales call. We want to hear what your goals are and we can outline how our solutions work to serve your practice. It’s time to take the leap into outsourced dental RCM and the future of practice profitability.