Dental Accounts Receivable Management
Dental office accounts receivable management is no small task. However, on the other hand, it isn’t brain surgery either! In fact, consistent, systematic dental office accounts receivable can be quite repetitive.
A Very Necessary Task
Regardless, it is a necessary task. But one that is quite often put off… for maybe a better day. Maybe one day you will feel more like tackling the a/r reports. Maybe tomorrow will be a quieter day. Or just maybe, all the insurance companies and patients will just pay their bills and claims, and you won’t have to do it at all!
Dental Accounts Receivable Challenges
Truthfully, that’s not likely. And truthfully, almost all dental offices have some sort of receivables problem. I’ve seen offices that have trouble calculating true patient estimates well. I’ve seen offices that don’t send statements often enough. And I’ve also seen offices that aren’t consistent in reviewing their patient ageing reports.
The only way to avoid any type of accounts receivable issues is through solid training and accountability. Strong systems and support for your dental practice are essential for your financial well-being.
Dental Office Accounts Receivable Training
Train the entire team in collection practices. From treatment presentation to benefit calculation. What are the differences between a PPO plan, an HMO plan, a private indemnity plan, and a discount dental plan?
How often do patient statements go out? And how do we set these up with balance forwarding? Use my Weekly Management Systems so you never miss an outstanding claim or patient credit balance again!
Even the Strongest Dental Practice Can Struggle
It doesn’t take long for a dental practice to slip into a place where the accounts receivable numbers increase, and the collection numbers start to slide downhill. I’ve stepped into dental practices where for a season, things were going well. Then a new team member came aboard, and all the numbers went south.
Follow my plan & keep your accounts receivable down & your collection numbers up! Get this system down and you can focus your time and energies on bigger things. Ignore your dental office accounts receivable for too long, and you can honestly kiss that money good-bye!