The letters “UCR” in insurance stand for usual, customary, and reasonable. These are the fee guidelines by which an out-of-network dentist is allowed to charge a patient if the dentist is not a member of the patient’s PPO network. This does affect the patient’s claim payment and how much they are to pay out-of-pocket. You […]
Read MoreDental Revenues
Avoid Accidental Insurance Fraud
Insurance fraud costs Americans more than $80 billion per year in higher premiums, according to the Coalition Against Insurance Fraud. Insurance fraud happens when an insurance company is deceived in order to collect money for someone who is not entitled to receive the money. This is against the law in every state, and health care fraud also falls […]
Read MoreStrategies to Recover Lost Revenue from 2020
The COVID-19 pandemic affected businesses throughout 2020 and, unfortunately, most are still struggling with financial loss now in 2021. Business closures, drastic decreases in clientele, and staff layoffs are just a few of the changes that affected dental practices across the United States and the world. Now that it has been deemed safe by the […]
Read MoreHow Safe is Your Dental Practice Revenue from Claims Repricing?
Medical costs for a medical procedure can vary from one medical provider to another, by hundreds and, sometimes, even thousands of dollars. Costs can also vary by whether a provider is in-network or out-of- network with an insurance plan. What is the role of insurance claim repricing when it comes to paying for medical services? […]
Read MoreHow to Make UCR Work for Your Practice
How your dental practice gets paid is of supreme importance. There are numerous elements that surround the entire area of accounts receivables, and it literally “pays” be know how these aspects factor into your overall income strategy. A working knowledge of UCR can actually benefit your dental practice and help you avoid financial losses. First, […]
Read MoreHow to Build a Successful Dental Practice
Dental medicine is a thriving industry with enormous potential. However, that does not guarantee that your dental practice will automatically become successful. Dental medicine has evolved over recent years to become more advanced, more appealing and more comfortable for patients. The modern dental practice has numerous moving parts and functional systems to keep it operating […]
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