{"id":125,"date":"2011-08-09T11:47:50","date_gmt":"2011-08-09T11:47:50","guid":{"rendered":"http:\/\/www.medicalbillersandcodersblog.com\/?p=125"},"modified":"2025-05-13T09:18:41","modified_gmt":"2025-05-13T09:18:41","slug":"avenue-for-optimizing-dental-practice-revenue","status":"publish","type":"post","link":"https:\/\/www.medicalbillersandcoders.com\/blog\/avenue-for-optimizing-dental-practice-revenue\/","title":{"rendered":"Avenue for Optimizing Dental Practice Revenue"},"content":{"rendered":"

Unprecedented increase in qualified dental practitioners, technological advancement, and market-driven competition has all contributed to continual decrease in operating margins. The fact that dental practitioners, whose core-concern is to maintain highest standard in dental care, rarely find time or resources to address revenue issues has further compounded the issue. But, there exists unanimous consensus on leveraging people, process and technology to positively impact operational efficiency and revenues.<\/p>\n

Consequently, identification of functional entities that require well-coordinated efforts towards realizing the objective of operational efficiency and revenue maximization becomes crucial. Generally, Patient Registration, Patient Scheduling, Eligibility Verification (EV) and Benefits, Cash Posting, Analysis, Insurance Follow up, Denial Management<\/strong><\/a>, and Patient Collections are the areas that need to be managed in a sequential manner.<\/p>\n

Patient Registration<\/strong>
\nPatient Registration, which involves creating or updating the personal details of the patient, guarantor & subscriber in the system database, enables entry & archiving of the patient’s coverage information in the system.<\/p>\n

Patient scheduling<\/strong>
\nPatient scheduling, both for new and follow up appointments, ensures time-specific appointment with dentists, resulting in optimum time management. As in dental practices follow up and procedure visit are recurrent and delays and cancellation of appointment happen frequently.<\/p>\n

Eligibility Verification and Benefits<\/strong>
\nEligibility Verification and Benefits find out whether the patient is eligible for dental insurance, and if so, to what extent: preventive, basic or major. Establishing a proper communication channel with the patients\u2019 insurance providers is crucial to mitigate undesirable delays or denial of dental bills.<\/p>\n

Cash Posting<\/strong>
\nCash posting is the act of applying the insurance payments to the patients\u2019 account, which ensures reconciliation of medical bills on your billing system.<\/p>\n

Claim Analysis<\/strong>
\nAnalysis is a crucial effort that identifies causes for claims held up for too long, and devises means \u2013 such as modifiers, and resubmission \u2013 to speed up the realization of Account Receivables. Ideally, Accounts Receivables Analyst ensures that AR is under control & acceptable by industry standards.<\/p>\n

Denial Management<\/strong>
\nDenial Management is the process of devising suitable action on denied claims. Usually, it comprises reprocessing the claim for payment and closing of the claim.<\/p>\n

Patient Collections<\/strong>
\nPatient collection takes care of informing patient about the portion of their bill payable by them individually and time period for payment before moving the account to a collection agency.<\/p>\n

Thus, having a billing mechanism that can ideally complement your dental practice will render the realization of following benefits:<\/p>\n