Consistent Dental Office Collections Diagnostic
Consistent dental office collections are a direct result of consistent administrative systems. It really is that simple! Frankly, we do get out of it what we put into it.
When we operate in a spirit of chaos or a “hit and miss” mentality, our results reflect this. However, we can turn it all around today. With just a little discipline and desire to make a fresh start.
So how do we begin? Let’s print the entire aging report. An aging report that includes everything. We want to look at outstanding insurance claims as well as patient balances. And let’s identify if we have a problem.
Is There a Receivables Problem?
Now, let’s take a look at some numbers. We want to know what the entire outstanding accounts receivable total dollar amount is. Then, compare that to the average monthly production number.
What’s healthy?
We want our total accounts receivable to be equal to or less than our average monthly production number.
If our entire accounts receivable is more than our monthly production, Houston, we have a problem!
Consistent Dental Office Collections With Weekly Management Systems
Let’s say we find our outstanding receivables are greater than our monthly production numbers. How do we begin to fix this? Let’s break it down.
Before we do anything, we want to stop the more current balances from rolling over into the over 60 or over 90 day categories. And the best way to do that is to begin working overdue accounts at the over 30 day mark.
Weekly Management Systems
Make it So Easy!
You’ll find my Dental Front Office Weekly Management Systems deeply planted within all of my resources and training materials.
This system is super easy to implement. And all we have to do is repeat each month. Through each week of the month, there are special assignments for each day. There is the secret to success.
Consistent business systems.
Create a Consistent Collection Rate of 100%
Consistent dental office collections means payment at the time of service. And accurate patient copay collection with impeccable dental insurance claim management. With superior financial management each and every day, there is rarely an outstanding patient balance to collect.
Especially with pre-payment options in place! We truly want to be in a place where we are not chasing money from our patients after the date of service.
Consistent Dental Office Collections
Include Daily Patient Statements
Patient statements go out each and every day. This practice reduces the amount of time required to send patient statements. And brings money more consistently into the practice. Daily output = daily input.
Plus, we become more familiar with patient balances. This allows us to answer patient questions better. And to just have a greater awareness of what’s going on with our accounts.
Allow Me to Introduce You to My Systems
I’m so excited to introduce you to my Dental Front Office Weekly Management Systems here. Because I know what they do for dental practices. Reduce your stress and increase your collections!
Not to mention, you’ll just enjoy your dental office days so much more!
