A reliable billing partner should offer clear communication, regular updates on claim statuses, and transparent pricing models. Ask about their response https://cleaningmarisolservices.com/2022/03/22/days-payable-outstanding-dpo-formula-for-effective/ times and how they handle rejected or denied claims. It becomes super important to research well about your options for providers when you are considering outsourcing dental insurance billing. Outsourcing dental billing means partnering with a third-party team, like Wisdom, to handle insurance verification, claims submission, payment posting, and follow-ups.

Customized Solutions

• Those savings can be redirected into marketing, new equipment, or even hiring more clinical staff to expand patient care.
• In-house W2 staff also have extremely high costs above and beyond their hourly or salary rate.
• Let’s begin with the list of top dental billing services and tasks that you can outsource.
• By using such dental billing services, claims get sent out on time always, payments come in regularly, and any concerns are answered promptly too.
• It’s a common misconception that a dental billing company is going to take control of the billing at the dental practice.
• Embrace the mindset that outsourcing relieves everyone of insurance stress and helps the practice make more money.

The goal is to have your in-house team be more patient focused instead of insurance focused. Eliminating insurance phone calls for your staff will alleviate undue stress. Allowing your staff to be present with your patients will make all the difference in your team’s culture.

What is the biggest problem with outsourcing?

Insurance verification is more labor intensive, systematic, and with less training and problem solving needed. If hiring in-house, insurance verification is going to be hired as a data entry position at an entry level fixed assets salary. We identify and rectify these errors promptly, minimizing disruptions in reimbursement and preventing revenue loss for dental practices. You’re billing for any and every dental service that needs your client’s data.

Your Dental Practice’s Billing Revolution

If your team hasn’t been fully informed on what the billing company’s purpose is, what it does and how it may affect their job, they might be resistant to the change. As we’ve mentioned, there’s a possibility not everyone on your team will be ready to embrace the change that comes with outsourcing your billing. If you don’t do this, your collections numbers will go back right to where they were before you outsourced. It’s never too early to find experts to help you establish a streamlined billing system. Medical billing for dentists may be billed per claim sent up to $50-$75. Some companies charge the percentage on the production number and some will bill the percentage on the collected amount.

This keeps appointment flow steady while the new billing process settles in. Most practices see results begin to normalize after the first 30 days, with full optimization typically achieved within 60–90 days. These professionals stay current with coding changes that happen quarterly, insurance policy updates, and best practices for claim submission. Their specialized knowledge typically boosts collection rates compared to general administrative staff.

Tip #2: Explain that the dental billing company is not a threat to their employment

Boost the productivity of your operations and maximize patient comfort through outsourcing management. Outsourcing also helps follow well-planned strategies to analyze denials, make actionable claims, and dental billing implement strategies to minimize future denials. By outsourcing your financial operations, you can be stress-free and minimize the workload to a large extent.

While administrative team members are paid by the hour, the remote biller isn’t. Your biller (or billers, depending on the size of your practice) gets paid depending on how much money they bring in for you! Working with a dental billing company requires your team to be open to change, to prioritize communication, and to welcome the opportunity to improve revenue and lower costs with remote helpers. We’ve seen offices shut out the remote biller because they feel territorial about the insurance billing work. Time for a detailed comparison of the costs of outsourced dental billing and the alternative you have with insourcing. Let’s assume that both outsourcing and in-house dental billing would produce the exact same results for your insurance revenues.