Is Your Practice Losing With Insurance?

In my over 20 years in the dental industry, I have seen practices lose money time and time again because of lack of knowledge and/or training in working with insurance.  Many don’t even realize to what extent they are losing. Here are some of the most common ways practices lose money every day.
 

• Writing off money when it is not necessary
• Missing the timely filing deadline for insurance claims
• Submitting PPO plan fee on the insurance claim form
• Not charging the full practice fee when procedures are not covered by insurance (when applicable)
• Not following up on unpaid insurance claims
• Credentialing errors
• Not leveraging benefit information in the practice management software
• Not reading/understanding the PPO contract
• Not asking for a fee schedule of the PPO plan before they sign
• Not knowing which companies the practice is in network for

 
This is why I started Virtual Dental Office. I wanted to help dental practices better manage the insurance side of their business. Over the past few years I have had the pleasure of seeing how staying on top of insurance can make a huge impact on the bottom line.
 
As much I as I love being able to take these insurance tasks off the hands of dental practices, I know they need more. I believe that with the proper training and education dental professionals can stay educated in the ever-changing world of dental insurance, and make a significant impact on their dental practice’s bottom line.
 
This is why I have been working feverishly over the past few months to figure out how I can provide practices the tools to avoid costly insurance mistakes. Next week I will be launching an exciting new platform that has the power to change all of that.
 
Is your practice losing money on insurance? Stay tuned…