While evaluating your dental practice’s success, you might think, “If I just had someone who was an expert at our billing, my practice would be in great shape financially.” It’s a niche job, and the person currently handling your billing is probably doing their best, but they don’t have the years of expertise or time to go above and beyond on collecting insurance claims.
Dental admin teams will sometimes file predeterminations to get a better idea of how much the patient will owe and what the insurance will cover for a procedure. It’s like a quote on how much the procedure costs and who will be paying for what. Here’s where the problem lies: this number isn’t always correct.
When making any decision, it’s important to weigh your options. There’s never a perfect option, especially when it comes to running your dental practice.
Sometimes, problems or (if you’re an optimist) opportunities arrive that force you to consider making a change. For dentists, problems like staffing or financial strain usually mean changing how their practice is being managed or run. You might be wondering when to hire a dental billing service, for example.
Finding a good system for insurance verification can be hard for dental teams. It’s the least favorite part of the process for many people because it can feel a little mindless and repetitive. For this reason, many dental practices struggle to find a streamlined process for insurance verification.
You know that feeling when you’re making a decision, and you won’t feel confident in it until you get a second opinion? That’s usually because that second opinion is going to offer an outsider’s perspective on whatever you are trying to decide. Remote assistance for your dental practice is precisely what a good dental billing company offers.
Your dental team has been in place for years. You have a good team culture going, but you, as the dentist and practice owner, want your billing process to be great. A little ambition never hurt anybody.
Have you ever had a confusing interaction with a patient about their insurance benefits? When they made their appointment at your dental practice, they told you their insurance, and you put it into the dental software. Nothing too difficult, right?
It’s a common belief among dental practice teams that in-house dental billing is better than outsourcing. Why is this? They think they will have more control and save money by hiring someone in-house to handle their dental billing. So they don’t consider outsourcing, or they bring it back to their in-house team after having outsourced it to a billing company.
As technology advances, so do methods of payments. In a lot of ways, this makes the lives of dental billers easier, and for others, it can be challenging. Your practice receives electronic funds payments from insurance companies to pay the claim you have filed. This is a payment that goes straight into your dental practice’s bank account. Great!
