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By: Angela Holland Negotiating PPO fees is a crucial yet often overlooked step in maximizing your dental practices financial success. Done correctly, PPO fee negotiations can significantly increase insurance collectionswithout requiring more patients, additional treatments, or increased marketing costs.
A frequent topic of discussion on social media these days is whether to drop out of dental insurance plans. In the most recent Levin Group national dental survey, we found that only 10% of practices stated that they were completely fee-for-service. What percentage of the practice revenue does each individual plan represent?
The flywheel of work has slowly carved away time for anything else so much so that life becomes confined to the stress and pain of everyday practicemanagement. Having peace of mind, getting time for the family, and running a profitable practice are all intertwined and play an important part in the happiness quotient.
The flywheel of work has slowly carved away time for anything else so much so that life becomes confined to the stress and pain of everyday practicemanagement. Having peace of mind, getting time for the family, and running a profitable practice are all intertwined and play an important part in the happiness quotient.
First, unless you have an all fee-for-service practice, you cannot apply the yardstick of standardizing everything. Dental insurance, which has allowed many patients to receive treatment they might not otherwise have, has created an incredible level of complexity. Should an insurer be dropped because its reimbursements are too low?
Renegotiate Contracts : Regularly review vendor contracts for supplies, equipment maintenance, and insurance reimbursements to ensure competitive pricing. Accounts Receivable (A/R) and Insurance Claims Aging : Aim to keep these both under 30 days. ” Track Marketing ROI : Measure the success of campaigns to focus on what works.
Vyne Dental strategically develops solutions, for dental practices, healthcare providers, and insurance plans and payers, that facilitate the secure exchange of health information in a digital, end-to-end revenue cycle that optimizes cash flow while reducing associative costs. 29 at 1 PM ET. CLICK HERE TO REGISTER.
Archy’s all-in-one practicemanagement software is designed to help dental practices reduce costs by eliminating the need for multiple add-on software packages, offering all services, from payroll to charting to patient engagement tools, in one streamlined solution.
P earl , the global leader in dental AI solutions, has announced the launch of Precheck, a groundbreaking new artificial intelligence (AI)-powered insurance eligibility and benefits verification tool. With Precheck, Pearl gives users a powerful tool for extending Practice Intelligence benefits to insurance-based revenue cycle management.
Pearl , the global leader in dental AI solutions, has announced the launch of Precheck, a groundbreaking new artificial intelligence (AI)-powered insurance eligibility and benefits verification tool. With Precheck, Pearl gives users a powerful tool for extending Practice Intelligence benefits to insurance-based revenue cycle management.
Get a minimum of three bids to understand current market rates and explore potential cost reductions. Enhance practice efficiency to a level where you may even be able to operate with one less team member. Reevaluate practiceinsurance costs. Suggestions to reduce overhead include: Bid out your major expenses every year.
KeyCorp (NYSE: KEY) announced a strategic relationship, which includes a minority investment, with Zentist, a leading cloud-based insurance revenue cycle management (RCM) software provider for dental support organizations (DSOs) across the country. This ensures faster payment posting into any practicemanagement software.
Productive Dentist Academy (PDA), the nation’s leading dental practicemanagement and coaching, is excited to announce its Alliance Partner Program. This program is a partnership with multiple innovative companies dedicated to advancing dental practice productivity and patient care.
Smart Filtering: Advanced filtering options target specific patient groups, such as those with unused benefits, to send highly relevant campaigns like ‘Use it or lose it’ reminders to use remaining insurance benefits.
Many of these stories can be found in this list of dental practicemanagement books , including dental marketing books , productivity books, and more, that weve outlined below. These best dental practicemanagement books have all been written by experts! Get a FREE copy of this Amazon best-seller now!
Rave reviews are hands down the best dental marketing for your office, but many practices seem to be frustrated about getting them consistently, especially when your automated requests start to get ignored. THE WAY YOU CLEARLY COMMUNICATE WITH YOUR PATIENTS Unfortunately, patients do not understand how dental insurance works.
In today’s world of higher practice overhead, it is essential to raise fees just to keep up and to move ahead. And when you do raise fees, be sure to submit your new fee schedule to your insurance plans. This may be the hidden gem that so many practices do not do and do not think about. Follow up on unaccepted treatment.
Vyne Dental x Patterson Dental “As market leaders in revenue cycle management solutions, we recognize the urgent need to address the challenges our industry faces,” said Steve Roberts, Chief Executive Officer, Vyne. ” – True Smiles Dental “Pretty easy!
Although I’ve never seen any business school research on this theory, I believe that bricks and mortar businesses like dental practices, where a personal relationship with patients is the model, need a higher level of customer service if they want to achieve higher levels of success. ABOUT THE AUTHOR Roger P. and around the world.
The insurance workflow has historically been one of the more time-intensive and frustrating processes for dental offices. But the Eaglesoft Insurance Suite makes managing this part of the business faster and more efficient – all for one low monthly fee. Eaglesoft Insurance Suite: 4 key solutions in one offering.
Peak Dental Services’ provider-led practices offer patients a full spectrum of general dentistry, oral surgery centers, endodontic centers, pediatric practices, orthodontics, and specialty dental services.
The Midwinter Meeting, scheduled for February 22 to February 24, 2024, will provide practitioners with an opportunity to experience an immersive display of Henry Schein’s extensive range of products and solutions, aimed at empowering oral health professionals to elevate practice efficiency and enhance the overall patient experience.
In part three of our Why Denticon series, we’ll be diving into how Denticon, an all-in-one practicemanagement software solution, can help your dental service organization (DSO) or emerging multisite dental practice save both time and money. . What are your current costs for your practicemanagement software?
But we probably didn’t learn how to pick practicemanagement software to maximize our operations. . Getting this piece right is critical to practice success. . Today’s market offers many options to help us manage our business with more precision and efficiency than ever. How Much Does It Cost? .
Planet DDS , a leading provider of cloud-based dental practicemanagement solutions, is announcing a significant upcoming enhancement to its Revenue Cycle Management (RCM) workflow, leveraging the new XConnect APIs from its long-time partner, DentalXChange.
Profitability is a crucial aspect of effective practicemanagement. Healthy profits better enable a practice to provide cutting-edge services and convenience to their patients. But before we explore the various methods to increase profits, let’s establish how profits are calculated at a practice.
In our previous “Secrets of How the Top 10% Build Their Marketing Budget” article, the goal you want to strive for when building your marketing budget is an average of $100 per dental patient. of Your Dental Office’s Marketing. of Your Dental Office’s Marketing. Dental InsuranceMarketing.
Tip: This is easily discovered in any practicemanagement software AND – I’m going to add a layer of trust – but verify. The fact is, at this moment, in late 2023, we are amidst a seller’s market. You might want to give a little on some of it as it’s a seller’s market. Who’s Paying for Re-Dos?
A good practicemanagement system can be linked with your website to instantly log appointments. If a website is your digital shop-front, the approaches listed below will help you carve out multiple paths from the highway of the internet to your practice website. Use the law of averages to work in your favor.
Why are we Even Talking About an AI Dental Marketing Tool? Here is a very real realistic scenario… In the near future a new patient is going to call a dental practice and ask a series of questions. They’ll feel satisfied with the practice representative and they’ll agree to schedule an appointment.
Why Do Cybercriminals Attack Dental Practices? Dental practicemanagement and imaging software contains, what White calls, a treasure trove of information. What Best Practices Should an Office Follow to Protect Against Cyberattacks and Stay HIPAA-Compliant?
She works with teams on communicating the value and benefits that dentistry can provide, helping the patient to fit the care into their budget, and converting marketing efforts for patients who want great dental care. What ROI can dental practices expect from phone coaching programs?
Too many people already believe that they… Do not want a larger practice Do not want to work more hours Do not take insurance Take all insurance Resent their staff Resent what they pay Need an associate Never want an associate Should open 4 offices Should open 40 offices None of the above are right or wrong.
Dental Intelligence is proud to announce its partnership with Dr. Scott Leune, one of dentistry’s 30 most influential people and a preeminent thought leader in dental startups, practicemanagement, and leadership coaching.
Dental practicemanagement software is a specialized tool designed to streamline dental office operations. This software blends features such as patient scheduling, appointment reminders, clinical charting, dental imaging, office marketing, and treatment planning into a cohesive system.
This involves prior-to-visit activities such as verification of insurance coverage, during-the-visit workflows such as collecting co-pays, and after-visit duties of claim application and rejection management. The global revenue cycle managementmarket size is projected to reach USD 216,990.6 during the forecast period.
This involves prior-to-visit activities such as verification of insurance coverage, during-the-visit workflows such as collecting co-pays, and after-visit duties of claim application and rejection management. The global revenue cycle managementmarket size is projected to reach USD 216,990.6 during the forecast period.
Sure, you have their addresses logged, but have you truly dug in and analyzed their locations in comparison to your practice? Have you looked at where you are marketing in relation to your office location? Dental PracticeManagement Software, including Dentrix and EagleSoft, can hold the key to understanding your patients’ information.
As you go through dental school, your dreams of opening your own dental practice probably don’t include the tiny, yet crucial, details of practicemanagement, marketing, and running a business. However, owning a dental practice comes with numerous responsibilities to launch and grow your business. How Does It Work?
As dental care in the age of COVID-19 starts to feel routine again, many practice owners are looking for new ways to cut costs and run their offices more efficiently. Content MarketingManager at Solutionreach When: September 17, 2020, Noon CDT Register now. Hosted by: Lori Boyer, Sr. Go Paperless!
Key features and benefits of the new enterprise experience include: Improve Revenue Cycle Management (RCM) Velocity Create and distribute digital forms to any or all locations to enhance first-time insurance claim processing, saving staff time and reducing errors associated with manual data entry.
All too often, I see dentists trying to fight a losing battle by doing what everyone else is doing… discount marketing, commoditized dentistry, and getting involved with more insurance. Now, there are many dentists who do this effectively, but it’s only possible because they practice the art of customized care.
A New Way to Practice Dentistry. Back when Planet DDS was founded in 2003, many dental offices were still using color-coded paper files, and the idea of streamlining practicemanagement through software was still in its infancy. Many practices were still using traditional film x-rays. Software Categories.
Through this, dental practices can not only maintain their appointment volume but also decentralize their access to a broad target market. Because in the end, it’s not merely the number of new patients that matters, it’s the patient experience that brings them back to the practice. Widen the potential market.
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