It is often a challenge for healthcare providers like dentists to collect the money that is owed to them, from both insurance companies and patients. Confusion and mistakes made by staff members are part of what slows down the billing process.
To prevent this problem from continuing, many dentists outsource this function to a dental billing company that knows what they’re doing. These healthcare professionals know how to help you collect your money on time, every time.
Let’s talk about what’s involved in outsourcing your billing to a dental billing company, and how this can help boost your dental practice’s bottom line.
How Outsourcing Your Dental Billing Can Help You
Outsourcing your dental practice’s billing and related financial matters will provide you and your staff with many important benefits, including the following:
More Time for Your Patients
You can focus less on the collection of your patients’ fees and more on providing the best service and developing relationships with them. Not having to expend your energies on the billing process can also reduce stress and conserve your staff’s morale and enthusiasm.
Fewer Billing Errors
Dental practices that leave their billing up to staff members are highly prone to errors from incorrect coding, inadequate follow-ups, and slow collections. Such errors may have a significant impact on your billing practices. By outsourcing to a dental billing company, whose sole purpose is to watch over your billing practices, those errors can be avoided.
Better Cash Flow
Poor management of your cash flow may lead you to going into debt. Billing and collections experts can help you maintain smooth cash flow with timely payments from your patients and from the insurance companies.
Save More Money
Trusting an outsourced billing company with your dental billing processes will help you save money thanks to fewer errors and timely payments. Plus, you do not need to purchase the upgraded billing and coding technology necessary, since the billing company will already have it in place.
Keeping Up with Changing Regulations
A professional dental billing company remains updated with all changes in the medical and dental billing world. Keeping up with these changes can often be time-consuming and problematic for most practices, so outsourcing this function can help you manage these changes and not let them negatively affect your receivables.
Outsource Your Dental Billing Process
Founded by a group of medical professionals who saw a need for dental practices and medical practices to outsource their billing and other financial functions, Prospa Billing serves as an outsource company whose staff knows the ins and outs of medical and dental billing and collections. Our company uses the most advanced, state-of-the-art financial software and billing technology so dentists and doctors can focus on their patients without distraction.
If you need help with your dental practice’s billing and collections, contact us today by calling us at (844) 663-3686, or request a consultation by filling out our online form. We look forward to serving you.