Here is a great article to get you thinking about “the business of dentistry.” In the financial area, it is vital that co-pays be collected at all times, and that patients be motivated to pay more, sooner, on their responsibility.
I’d be happy to show you some new ways to get that done, while actually building your relationships with patients rather than tearing them down.
10 daily practice statistics every dentist should review – DentistryIQ.
Dental office manager sent to prison for embezzlement – DentistryIQ.
Wile we don’t read articles like this one every day, the fact is that practices are being embezzled all the time. By the time the crime has been identified, it is often too late to recover, and a great deal of money has been lost and the practice hurt terribly.
One of the little-mentioned ways of protecting your office against embezzlement is to use a 3rd party partner to work with your practice A/R. The earlier you can get a partner involved, the less opportunity there is to hide embezzlement from the office.
Let me show you how to quickly and easily protect your practice from this terrible situation. It is easier and less costly than you would believe. Respond to me via the form below and I will call to set up a brief consultation via telephone. There is no charge, and no obligation. I’m just glad I can help.
The most common lies dentists tell themselves – DentistryIQ.
This is a good article, and I recommend that all my dental clients and friends read it and take it to heart. There is one lie that dentists often tell themselves that I would like to add to the list:
PATIENTS WILL PAY THEIR BILL EVENTUALLY AS LONG AS I DON’T MAKE THEM MAD BY ASKING FOR IT TOO AGGRESSIVELY
This is just not true. Patients who owe you money may be waiting to see how serious you are about collecting the money, or they may not be planning to pay you at all.
Systematic, regular follow-up early in the process (not just a monthly statement) is required for those who either forget to pay or are too disorganized to get your bill paid on time.
Third party impact is necessary for those who don’t believe that you are serious about collecting their money.
Professional collectors are necessary for those few who are “professional debtors.”
Even if you could do some of this in-office, it is not time-effective or cost-effective. I would like to show you a way to accomplish all of this less expensively than the way you are doing it now, and giving your staff time to do things that actually grow the practice.
Request a brief consultation, via phone, using the form below. Quite lying to yourself!
Flourishing in Changing Times: A dental office should have solid systems in place – DentistryIQ.
I totally agree with the idea behind this article.
As the world changes around us, and reality demands efficiency and effectiveness in every area of a practice. solid, workable systems are mandatory.
From my perspective, one of the most critical systems to have in place has to do with your revenue cycle. Getting paid quickly by insurance companies and patients is vital to a practice’s success in the new economy. Having systems in place to make that happen, and systems in place for what to do when they don’t are challenging, at best, for a practice to accomplish on their own.
New options have become available and affordable for even small practices to utilize technology and new tools that enable them to do very systematic follow-up on insurance claims, without having to spend staff time waiting on hold for insurance clerks to find claims, and to follow-up on patient balances. These tools will not only enable the practice to get more of their money faster than ever before, but also free up staff time to work on more productive and profitable activities.
I offer practices a free, no-obligation look at these tools to determine if they make sense (and profits) for their practice. Isn’t it worth an investment of 22 minutes to find out how much more profit your practice could be making right now?
Respond to me with the form below and request a brief, telephone meeting.
Patient Payment Responsibility Increases.
Does this surprise you????
If you have been paying attention these last few years, you already knew this. It has been steadily going up for a lot of years. What many doctors and practice administrators don’t know, or aren’t paying attention to, is the result of this increase.
Doctors MUST, perhaps for the first time, figure out how to get patients AND insurance companies to pay them faster. In many cases, to pay them at all. To fail to do this quickly is resulting in:
This does not have to happen!! It is foolish and unsustainable. I can show you, in 22 minutes, how to get more patients paying you, and faster than before as well as speeding up the response time from insurance companies who benefit from dragging their feet before finally sending you a check. I can show you how to do it for less than you are currently spending to do it the way that you are currently doing it, possibly the reason for the problem after all.
Respond to me via the form at the bottom of this email, requesting a 22 minute A/R strategy session. It won’t cost you anything and you will know, when we are done, if the tools I recommend will help you put more cash in your accounts than you are currently getting. Even so, after we are done you are under no obligation to take my advice.
Isn’t it worth a 22 minute phone call?
Patient payment responsiblity increases | Healthcare Finance News.
Top 7 ways to get more new dental patients to your practice – DentistryIQ.
Here is a great article on getting new patients into your practice. Obviously, that’s where your cash flow comes from, hopefully.
If you follow these steps and bring more patients into your practice, I can show you how to actually get them to pay their bills, and faster than ever before, without putting any additional stress on your staff or expense to your bank account.
Contact me below for a free, personalized A/R strategy session via phone. We will know in 22 minutes or less whether or not the tools I recommend will help your practice be more profitable. Isn’t it worth a 22 minute investment?
Practice profitability outlook negative | Healthcare Finance News.
I have tools for medical and dental practices that can prevent this from happening. I would love to review them with you and discover if they can help your practice maintain a healthy profitability, even in the face of major challenges. Just respond to me via the form below, and I will be in touch.
Transworld Systems has proudly partnered with Sikka Software Company to bring dental practices a unique receivables management tool called Dental Collect. Dental Collect integrates seamlessly with your practice management system (PMS), and helps dental practices increase overall cash flow while saving time and maintaining patient diplomacy.
Sikka Software Corporation
Sikka Software Corporation is the leading innovator in developing Business Intelligence Software for the small business healthcare community. Their software products enable small business healthcare offices to take control of the business and clinical aspects of managing day-to-day operations, which over time have become more complex and involved.
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