Dental Office Ageing Reports Are Treasure Maps
Dental office ageing reports are a bit of an adventure! These rich reports lead you right to your missing money! The dental office doesn’t have to search for where their money is. The patient ageing reports and insurance ageing reports lead you right to it!
Of course, there are some steps involved in finding this missing treasure! The dental front office team, insurance or billing department must print reports and then follow steps to resolve issues.
Become a Treasure Hunter!
There are 2 different types of dental office ageing reports to look at each week. Yes, I said each week! You might have thought I would say “each month”, but the real trick is to print these reports each week! The reports you want to print are the insurance ageing reports and the patient ageing reports.
Then, of course, you must know how to read these aging reports. The person reading the map really needs to know what they are looking at and what the signs and landmarks are!
Dental Office Ageing Reports Are True:
Numbers Do Not Lie!
If you are thinking, maybe you do need some help with your accounts receivable, you probably do. If your outstanding accounts receivable is increasing or if you are not getting through your dental office ageing reports in full each month, it’s time for some help!
Numbers do not lie. Numbers cannot lie. The trick lies in learning to interpret the numbers. When the dental office is looking at their accounts receivable and ageing reports, how can they tell if there is a problem. How much outstanding money is too much?
Take The Test:
The answer is really quite simple. In a nutshell, calculate your average monthly production. The total of all accounts receivable in the dental practice should be the same or less than the average monthly production.
Dental Office Ageing Reports
Require Constant Attention!
Dental office ageing reports don’t fix themselves. Kind of like a bad tooth! When we brush our teeth, we don’t skip a few, we brush & floss them all!
It’s the same with the patient ageing and insurance ageing reports. You don’t want to skip any of those accounts. And we don’t do this on purpose. Usually, it is due to interruption, something else might come up!
The dental front office might start off strong on a quieter day. They might make some phone calls, collect some payments and even correct some claims for re -submission. Then, holy cow!
Implement Weekly Management Systems
Everything changes in the office! And suddenly there is no more time! The schedule picks up and the phones keep ringing. Before you know it, another month passes, and those ageing reports now have new accounts on them. We never did get all the way through!
That’s how life goes in the dental office. I know!
Think of the management system as the vehicle you will use to carry your treasure away!
Dental Office Ageing Reports & Collection Tools
The next step, once you have the management system in place, is to be sure you have the right tools. The tools you will need are words, letters, and whit! Have you downloaded your own copy of my Weekly Management Systems? You can see now what you need to do each week to get through task?
Remember, you are on an adventure here! An adventure of discovery. An adventure to take back your gold!