Revenue Cycle Management at DBP
Our top priority is maximizing revenue collection for your practice. We are dedicated to ensuring that you receive the highest possible reimbursements.
Revenue Cycle Management for Dental Practices
The financial well-being of dental practices in the United States hinges on the effectiveness of their Revenue Cycle Management (RCM). This applies to both independent practices and those within Dental Support Organizations (DSOs). Without proper RCM, practices, regardless of their patient load, may struggle with growth and stability.
Numerous dental practices encounter RCM challenges, often stemming from errors in insurance verification, claim submission, and inadequate follow-up. This is why Dental Billing Partner offers comprehensive revenue management services. Our goal is to establish a seamless and efficient RCM process, including thorough claim checks and regular follow-ups. As a result, our clients have experienced significant growth in revenue, income, and peace of mind.
Why Outsource to Dental Billing Partner?
With our exceptional claim reimbursement rates, our revenue cycle management team comprises some of the most skilled billing experts in the industry. Outsourcing your dental billing services to Dental Billing Partner can significantly boost your revenue in just three months. This will lead to a reduction in daunting accounts receivable figures and an improvement in your overall financial health. Your entire dental practice will benefit from these changes, making it scalable for long-term growth.
Step by Step Procedure of Revenue Cycle for Dental Practices
Revenue Cycle Management (RCM) comprises several intricate steps that require meticulous and precise management to guarantee revenue collection and prevent claim denials. These steps include:
1. Credentialing and Enrolment
Prior to offering oral care services, dental providers must ensure that credentialing is completed correctly. This initial step in the revenue cycle establishes a framework that enables practices to operate within their authorized scope of treatment.
2. Appointment & Scheduling
Scheduling appointments for patients is a critical task that requires precision to ensure smooth daily operations. This step in the revenue cycle is highly important, as any mistake can disrupt workflow and lead to frustrated doctors and patients.
3. Eligibility Verification & Breakdown of Benefits
Most claim denials stem from errors in benefit breakdowns, making these mistakes a major cause of challenging claim denials that are tough to appeal. Consequently, a backlog in accounts receivable can accumulate, negatively affecting your overall revenue. Outsourcing benefit breakdowns can be a solution, saving you time and money. With a dedicated team handling insurance eligibility and benefits verification, your in-house team can prioritize providing excellent service to your patients, who are the real focus.
4. Coding & Fees
After verifying eligibility, the next critical step in revenue cycle management is ensuring the correct use of dental codes alongside the appropriate fee schedule. This step is at the core of the billing process and requires careful attention; incorrect coding and charging according to contracted rates can lead to significant issues for dentists.
5. Accounts Receivable & Denial Management
Claim denials are a significant challenge in the revenue cycle, leading to increased accounts receivable. Our denial management service addresses this issue by diligently following up and appealing denied claims. We also ensure that all claims are processed efficiently to maximize revenue collection. Outsourcing your denial management to Dental Billing Partner can help maintain the financial well-being of your dental practice.
Our Brands
Contact Us
Feel free to reach out to us at any time. Our team of Dental Billing Experts are available to assist our valued client practices. Let’s work together to simplify and enhance the dental billing process.
Call us or WhatsApp
(+1) 234 224 1732
Email Us
info@dentalbillingpartner.com
