Dental Account Receivable

Let’s change your dental receivables into a steady revenue system that you can count on.

Dental Accounts Receivable Management

Managing accounts receivables is a critical challenge for the financial success of any dental practice. Unpaid claims, denied procedures, and accounts receivables are very unhealthy for the economic structure of the practice. Not only does this harm the business’s cash flow but it also hinders growth through the acquisition of new equipment, employee training, and expansion of practice locations. Delinquent accounts receivable become progressively more difficult to collect, and may eventually turn into bad debt if not collected timely. MedStar Billing Services focuses on dental accounts receivable management to keep growing and running efficiently. Our services are aimed at ensuring that processes of generating revenues are not a hindrance to the delivery of services to the patients. By outsourcing it to us, you will have your practice’s A/R management back under control and take a load off your staff’s shoulders.

Impact of A/R Backlog on Dental Practice Performance

A dental A/R backlog can hurt your practice on both business and healthcare levels. The revenue for the dentists mainly comes from insurance claims and receipts from the patients. When payments are delayed, or in some cases, denied, it puts the whole practice’s financial security in jeopardy, and therefore practices may not be able to deliver the best patient care as expected. That is why, managing the revenue cycle coupled with pushing for the reduction of accounts receivable remains important.

Why Choose Our A/R Management for Your Dental Practice?

To be completely frank, at MedStar Billing Services, we know that all dentists and their teams have to pay bills, but they don’t want to think about finances when treating their patients. The purpose of our account receivable management service is to ensure that your practice increases its revenue by reducing unpaid claims. This means our style of doing business considerably decreases your internal overhead costs, especially in terms of staff usage while making sure you retain control over your cash flow cycle as well.

Accounts Receivable Managed with Clean Claims

Whenever there is an error in coding services rendered or an incomplete verification of the patient’s eligibility, it is possible to end up not being paid for the services rendered. This is because we aim at submitting clean claims so that your dental practice does not have to deal with challenging denials or anything of the sort that delays your payments from MedStar. With a competent billing team, your practice’s claims move efficiently without a glitch and therefore, the level of rejection is low.

Dental Accounts Receivable Services We Offer

Prepare and submit dental insurance claims after receiving client consent.
Record and account for dental service revenue.
Submit periodic reports and declarations for review.
Track and follow up on receivables to expedite collections.
Apply payments to accounts and resolve short-payment issues.

Accounts Receivable Management Process

Track Status

We follow up with dental insurance companies to track claim status.

Identify Denial Issues

If claims are denied, we analyze and correct the errors, then refile.

Refile the Claim

We resubmit corrected claims and initiate follow-up actions.

Resolve the Claim

We continuously track and follow up until the claim is fully resolved.

Reduce your A/R backlog and increase collections with our expert help

Key Metrics We Use in Dental Accounts Receivable

Average Days in Accounts Receivable (ADAR)

We keep track of ADAR to minimize the time taken to process and make payments to your dental practice.

Net Collection Rate (NCR)

Our goal is to collect every cent possible so that your practice can get as much of the collectible revenue as possible.

Denial Rate

We manage the denial rate trends, and make efforts to reduce them while promoting a high approval of your dental claims.

Bad Debt Percentage

Our main goal on this is to reduce your bad debt percentage by proper management of balances that are not recoverable and unpaid claims.

Outsource Dental Accounts Receivable to Experts

Boost Cash Flow

Dental A/R outsourcing will enable billing and collections to be done faster hence resulting in faster reimbursements.

Reduce Administrative Overload

Keep your team more productive in areas like providing care to patients and allow us to deal with affairs of A/R collections.

Access to Expertise

Our certified billing professionals are experts in dental coding, and handling claims, to get you the maximum reimbursement.

Cost-Effective Solutions

This means that the overall cost is saved by outsourcing your dental A/R management since it will not require training of staff and additional investments in infrastructure.

Send us a message

Whenever you need us, our expert support is here for you. So let’s start the conversation to get our results driven billing services.

+1 407-337-5901

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