What\u2019s the \u201clinchpin\u201d of dental practice efficiency? That depends. But in your experience you\u2019ll probably realize it has more to do with a variety of best-practices – including fee schedule efficiency and management.<\/p>\n
Effective dental practice productivity involves many working-parts. But each form a well-oiled machine of sorts that delivers more responsive patient engagement\u2026and a more profitable revenue cycle.<\/p>\n
First, if you\u2019re a fee-for-service practice or one that relies on other insurance-free strategies\u2026no worries. Though for most practices it\u2019s necessary to keep an eye on insurance.<\/p>\n
For example, if you’re a PPO office you perhaps already realize that collecting full fees isn\u2019t going to happen. This makes it essential to keep tabs on your fee schedules with as much routine workflow efficiency as possible.<\/p>\n
You must\u2026<\/p>\n
As you\u2019re likely aware, your core practice financial metrics such as productions and collections are based on insurance fees not your full fees. Thus, any changes to your fee schedule will affect your cash-on-hand and the overall health of your business.<\/p>\n
Dental practice workflows – in this instance – are more than a line-item accounting system. Updating your fee schedule can improve workflows and lead to better patient engagement<\/a><\/span>.<\/p>\n Give your fee schedule some \u201clove!\u201d<\/p>\n Dental procedures can have a variety of layers. Their complexity can create equally complex billing issues.<\/p>\n As you know\u2026each treatment requires a specific task or series of tasks. And each task can be defined by a certain billing code.<\/p>\n It\u2019s a good idea to have some form of a pre-payment strategy (if you don\u2019t already). Your cash flow will appreciate it!<\/p>\n One caveat: update your fee schedule\u2026or you could discover that pre-payment estimates won\u2019t match with treatment costs.<\/p>\n A solution: keep pre-payment amounts aligned with each procedure when you update your fee schedule.<\/p>\n <\/p>\n Transparency helps drive consumer trust. Your dental patients are no exception.<\/p>\n You can avoid patient frustration if you provide them information that matches what their insurance provider is communicating to them.<\/p>\n And speaking of patient-facing solutions\u2026<\/p>\n Confirming billing codes and changes to them is a time-intensive task. Plus, it leaves you vulnerable to error.<\/p>\n The financial management capabilities of your software platform helps manage your cash-flow and the metrics that improve your bottom-line – including fee schedules.<\/p>\n That\u2019s more reason to un-tether yourself from a legacy system<\/a><\/span>.<\/p>\n You might find the cloud solution like Denticon to be a more efficient report gathering platform<\/a><\/span> to monitor and drive your overall dental practice or dental organization\u2019s performance.<\/p>\n Aside from its financial management capacity, the Denticon platform also provides:<\/p>\n It makes sense to look below the surface and see the massive potential of upgrading to a cloud-based dental practice management solution with a more advanced revenue cycle management module.<\/p>\n Thinking about or ready to update your dental practice management software? Contact us<\/a><\/span> or request a demo<\/a><\/span> of the Denticon platform\u2026before you decide!<\/p>\n","protected":false},"excerpt":{"rendered":" What\u2019s the \u201clinchpin\u201d of dental practice efficiency? That depends. But in your experience you\u2019ll probably realize it has more to do with a variety of best-practices – including fee schedule…<\/p>\n","protected":false},"author":3,"featured_media":2788,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146],"tags":[],"class_list":["post-2679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-practice-management"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.planetdds.com\/wp-json\/wp\/v2\/posts\/2679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.planetdds.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.planetdds.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.planetdds.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.planetdds.com\/wp-json\/wp\/v2\/comments?post=2679"}],"version-history":[{"count":0,"href":"https:\/\/www.planetdds.com\/wp-json\/wp\/v2\/posts\/2679\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.planetdds.com\/wp-json\/wp\/v2\/media\/2788"}],"wp:attachment":[{"href":"https:\/\/www.planetdds.com\/wp-json\/wp\/v2\/media?parent=2679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.planetdds.com\/wp-json\/wp\/v2\/categories?post=2679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.planetdds.com\/wp-json\/wp\/v2\/tags?post=2679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}1. <\/span>Clarify and confirm billing code accuracy<\/span><\/h3>\n
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2. <\/span>Nail-down pre-payment amounts (if you use them)<\/span><\/h3>\n
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3. <\/span>Be transparent in your patient communication<\/span><\/h3>\n
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4. <\/span>Automate your workflows to <\/span>increase productivity<\/span><\/a><\/span><\/h3>\n
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Fee schedule efficiency when you need it<\/h2>\n
Consider a cloud-based solution to improve fee schedule efficiency and revenue cycle management.<\/h4>\n
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