There are many things that we cannot control about our business. For example, we cannot control a similar practice opening up only a couple of miles away or changes to what an insurance provider covers for plan enrollees. However, there is one thing we can control...
Whether you’re ready to expand your business or hoping to start your practice by acquiring another, it’s an exciting and stressful time. Part of the stress comes from how complex and lengthy the process can be. After all, you don’t want to risk skipping over important...
Maintaining a healthy cash flow is crucial for the success and sustainability of any business, and dental practices are no exception. In the healthcare industry, where patient needs and trends are constantly evolving, managing your dental practice’s cash flow is even...
Dental practice acquisition can be a fantastic move, as it gives you a practice that is already in operation. This allows you to skip over some of the more tedious parts of starting your own practice and reap the benefits of someone else’s labor. However, it also...
Any time there is a mistake in a dental billing claim that you submit, you are taking time and money away from your practice. It will take you longer to receive reimbursement since you’ll have to resubmit the corrected claim. Needing to deal with the denial,...
Credentialing is a labor and time-intensive process that every dental practice needs to complete to enroll with new insurance providers. Because it takes up so much work and requires attention to detail to execute properly, many dental practices find themselves...
Dental practices that provide excellent care and a good patient experience consistently have their chairs full and an easier time reaching profitability. Even if you are doing a good job on the services that you perform, a negative patient experience can lead to...
One of the biggest challenges faced by dental practices is optimizing reimbursements. Even if you’re doing an excellent job and taking as many patients as you can, claim denials can leave you struggling to stay afloat. Navigating the complex world of dental insurance...
Running a dental practice is a delicate balance of providing patient care and managing a variety of administrative processes, including revenue cycle management. Proper revenue cycle management is the backbone of any dental practice’s financial health. However,...
You started your dental practice to help patients and members of your community maintain their oral health. However, you need to have the proper amount of money coming in to help all of those patients and continue to expand your practice. Mastering revenue cycle...