The importance of getting your dental practice credentialed with insurance companies cannot be overstated. Not only does it ensure that your patients can receive the best possible care, but it also helps to keep your practice running smoothly and efficiently by ensuring you receive prompt payment from the insurers.
Furthermore, being credentialed with an insurance company gives you access to a wider range of potential customers who are looking for exceptional dental services at an affordable price.
Below we will discuss why it is important for a dental practice to get credentialed with major insurance companies and how they can do so successfully.
Increase Your Patient Base
When a dental practice is credentialed with insurance companies, it opens up a wide range of potential patients. Over 156 million Americans have dental insurance. Insurance providers will refer patients to credentialed practices, creating an increased patient base for the practice.
This can be especially beneficial for smaller or younger practices that are just getting started, as it gives them access to a larger group of potential customers.
Improved Financial Security
Being credentialed with major insurance companies provides improved financial security for dental practices. When your practice is credentialed with insurance companies, you can be sure that payment will come in promptly.
Credentialing provides more accurate budgeting and forecasting, allowing the practice to focus more on providing quality care to their patients rather than worrying about when they will get paid.
Insurance companies will often offer discounts or reimbursement for services to patients of credentialed practices. This helps to ensure that your practice not only receives prompt payment and that you are able to provide discounted treatment options for your customers.
Greater Visibility
Getting credentialed with insurance companies also helps to increase the visibility of your dental practice. Being a part of an insurance network allows you to be listed in their directory, making it easier for potential customers to find you.
Having greater visibility also increases the chance that potential customers will leave reviews and recommend your practice to their friends and family, further increasing your patient base.
Reduced Paperwork Burden
One of the major benefits of getting credentialed with insurance companies is the reduced paperwork burden. When a dental practice is credentialed, they no longer have to deal with the hassle of submitting and tracking claims manually.
Insurance companies will handle all claims electronically, allowing for faster processing times and fewer errors. This saves valuable time and resources that can be used towards improving the overall quality of care and patient experience.
Enhanced Customer Service & Satisfaction Levels
Getting credentialed with insurance companies can have a tremendous positive impact on customer service and satisfaction levels. When a practice is credentialed, it allows for faster processing times for claims and more accurate budgeting. This means that customers can expect to receive prompt payments from their insurers and not have to worry about any potential delays.
Our Dental Billing Service Can Help You Get Credentialed
Instead of taking on the work involved in getting credentialed alone, you need to let our dental billing service assist you.
