What’s the recipe for success? Plenty of dentists and office managers have asked themselves this question when it comes to their practice finances. What if there was a way to go out and purchase what you need to succeed, just like any other shopping trip? Having to spend time, money, and energy tackling daily in-office problems like dental billing, scheduling, and insurance verification can at times feel fruitless. Partnering with a dental billing outsourcing platform can help to standardize these time-consuming revenue cycle management processes without leaving a bad taste in your mouth. Let’s take a look at the top three dental billing outsourcing “ingredients” your practice can shop for to create the perfect recipe for profitable revenue cycle management — along with the details of our own recipe for dental practice success.
Power up your patient billing
One of the primary “bitter tastes” affecting your revenue cycle is ballooning A/R, oftentimes with long-term patient statements that go unpaid and unreconciled. Patients might not even know that they owe you anything, and your practice revenue can suffer as a result. Just like insurance companies, it isn’t always easy to reconcile an unpaid bill or collect what you’re rightfully owed without hours spent on legwork and playing phone tag. Plus, there’s the issue of needing to clean bad debt from your aging reports so you can start fresh with new processes that help your patient statements remain consistently paid and up to date.
Leverage your Insurance verification
If you see your outstanding accounts receivable going up every month, you might need to sprinkle in a more cohesive insurance verification process. Oftentimes, between ourselves and patients, we have no idea what’s covered or for how long, — or even if the patient is covered the moment they walk in the door. Being able to have timely, comprehensive insurance verifications means easier financial discussions and fewer surprise EOBs.
Dental billing outsourcing that works for you
The “main course” of your revenue cycle management meal is streamlined and consistent dental billing processes. With the needs of your patients taking priority, it’s easy for denied claims to go uncontested and A/R to consistently rise. eAssist can help.
With a brand promise of getting your A/R as close to zero as possible (and keeping it there), your practice can finally achieve peace of mind. Combined with a suite of other services from patient scheduling, dental accounting, and dental credentialing, we can help your office kickstart your revenue cycle management into high gear. Schedule your consultation today by clicking HERE and learn more about eAssist’s mission to offer the nation’s most comprehensive dental billing outsourcing platform.
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