The dental industry is one of the most used medical services provided in the US. In a poll taken in 2014 by the American Dental Association, more than 50% of Americans went to see a dentist every six months. With so many potential customers, one of the greatest hurdles for dental practices is handling the logistics of billing patients.
While billing clients seems like it should be one of the more simple activities that occur within a dental office, in practice billing is often an incredibly complex process for both dental practices and clients alike, requiring the commitment of time, money, and space to handle in-house. A great way to sidestep all that hassle and guarantee your revenue cycle is to outsource dental billing work to a professional third-party company. Here are three reasons why you should consider dental billing outsourcing.
Outsourcing Can Increase Your Income and Revenue
One of the most compelling reasons to outsource dental billing is because doing so can actually increase the amount of money you make. Although paying a dental billing company might seem expensive at first, billing errors can result in significantly greater losses in the long run. In addition, outsourcing dental billing means you can stop paying to hire and train billing staff, a long-term constant financial burden since you’ll always have to re-train new staff eventually due to turnover.
Outsourcing dental billing is also a great way to increase cash flow in your dental practice. Poor billing practices can result in hang-ups on revenue that can eventually cause greater borrowing and debt later on. By allowing a professional firm to optimize your billing, you can detect issues in your billing practices earlier and solve them quickly, preventing bottlenecks from hurting your revenue stream.
You Can Reduce Clutter and Use More of Your Office Space
Another great thing about outsourcing dental billing is that you’ll be able to recover some of the office space you had previously allocated to cabinets and boxes filled with medical paperwork, or even for billing employees to work in. Trying to handle dental billing in-house is an incredibly tedious task, which requires a lot of additional space that you could otherwise use to expand your practice and even treat more patients at a time.
By letting a dental billing company handle that paperwork for you instead, you’ll be able to reorganize your dental practice to seem more open and orderly. In addition, this will allow for more space to store dental records and other documents of relevance.
There’ll Be More Time To Focus on Your Patients
Finally, the greatest advantage of outsourcing dental billing to a professional third-party company is that it’ll free up your time and concentration to focus more on your patients, providing them with higher quality healthcare and service. Worrying about dental billing shouldn’t be a major part of your day. As the owner of a dental service provider, your priorities should be with your patients, first and foremost.
However, by outsourcing dental billing, you can put your attention back to where it matters the most: your patients. In turn, you can count on having happy, loyal patients who will continue to come back year after year — and of course, a practice that is also flourishing! To learn more about how our services can help you focus more on your patients and practice, please do not hesitate to contact us today.
