Revenue Cycle Management
Enhance the efficiency of your dental practices and increase the revenue collections. Outsource the RCM solutions to MedStar Billing Services and accelerate the rate of reimbursements of your practices.
Revenue Cycle Management for Dental Practices
The financial stability of each dental practice is directly linked to the efficiency of revenue cycle management (RCM). Each dental practice and those who are a part of any dental support organization (DSOs) always need the most effecient RCM cycle to excel among multiple dental practices.
Multiple factors can affect the stability of the RCM cycle such as errors in claim submission, insurance verification and fewer followups. Our RCM experts have supreme knowledge regarding each aspect of RCM and provide comprehensive RCM solutions for dental practices. We also ensure regular follow-ups so you never take stress off your RCM operations and generate profit with peace of mind.
Ready to Outsource?
Contact your Dental Billing partners to get the best solutions of Revenue Cycle Management for dental practices.
Why Outsource the MedStar Billing Services for RCM solutions?
Our billing experts have years of experience in handling the RCM of enormous dental practices. By outsourcing the RCM services to us, you can boost your revenue by getting the following benefits:
Increase your Collection
RCM expertise
Cost-effective solutions
Ensured Privacy
RCM Monitoring
RCM Guidance
Improved operational efficiency
Revenue Cycle Management for Dental Practices
Credentialing is the initial and most significant step of revenue cycle management. This involves the complete verification of providers and making a structured framework that allows dental practices to deliver their services within their authorized scope of treatment.
Accurate appointment scheduling for patients is necessary to maintain the continuous flow of patients and ensure smooth daily operations. Any error in this step can lead to undesired workflow that can negatively affect both patients and providers.
Eligibility verification and breakdown of benefits are also highly significant for generating revenue. The errors or issues in eligibility verification and BOB can result the claim denials and rejections. In some, some denials become so challenging that offer difficulty in filing an appeal. All such challenges can be navigated by outsourcing the eligibility verification and breakdown of benefits. Experts can then perform the eligibility and benefits verification so dental providers can then focus more on core operations and delivering patient care.
The process never ends with the insurance eligibility and breakdown of benefits verification as experts then utilize the correct dental codes along with the effective fee schedule. Experts need to pay complete attention to the coding as inappropriate coding can lead to multiple consequences for dental practices.
Multiple risk factors can result the increased claim denials which in turn lead to increased account receivables. Our experts make efforts to efficiently submit the claims and then rapidly process them so reduced claims are denied and dental providers amplify the revenue of their dental practices.
Key Performance Indicators to track the Practic’s RCM
With the help of the following key performance indicators (KPIs), you can keep track of the financial performance of your practice and make well-informed decisions accordingly.
We can reduce your claim denials & improve the collection rate by:
- Minimizing errors that can result the claim denials
- Effective eligibility verification and breakdown of benefits
- Communication with patients
- Follow up on denied claims
HIPAA Compliance Revenue Cycle Management
MedStar never leaves you alone and keeps a continuous check and balance on the RCM of dental practices. The sensitive information also remains protected by compliance with all HIPAA standards. So you experience the robust, transparent and productive RCM.