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 MoreDental Revenues
Strategies 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 […]
Read MoreHow Healthy is Your Practice? 5 Key Indicators
You work hard to make sure that your patients’ teeth are healthy, but how healthy is your practice? Chances are good that you spend most of your time focused on serving patients and managing your staff, but long-term stability requires focusing on things that apply to your financial big picture as well. Part of understanding […]
Read More