Insurance verification has a significant impact on your patients. If it falls through the cracks, it may mean a patient has to pay for a service themselves.
This is also a huge deal to dental practices. It can make or break patient retention and create a “dark cloud” hanging over your clinic. You may find this is impossible to recover from. This means it is essential that you learn about proper insurance verification. When you do this, you can start building a foundation and dental practice your patients can rely on.
Why is Dental Insurance Verification So Important?
Insurance verification for your dental practice is crucial because it helps determine your patient’s eligibility to have the costs for an impending dental service covered. Essentially, insurance verification is just another step-in daily claim filings and submissions that need to be processed daily.
It is essential that you know if a patient is covered before the service is provided. If you don’t have this information, the patient will have to cover the service’s cost in full. This is the case even if they have insurance.
Dental practices may discover issues if they perform a service that isn’t covered. At this point, you are forced to explain to your patient what happened and let them know they will have to cover the costs.
This won’t look good for you, the dentist, or your dental practice.
Also, there is probably a reason for this mistake. For example, you may have believed your patient had a different insurance provider that you knew would cover the procedure. You may have even confused the patient. These are issues that happen when the task of practice management and working with your patient becomes too much. Evetually, you will find that something will slip through the cracks.
If a procedure is not covered, and a patient has to cover the costs of an expensive dental procedure, it will impact the relationship negatively and potentially affect potential patients.
The Benefits of Outsourcing Dental Insurance Verification Services
If you are trying to grow your dental practice while keeping your head above water, there is no doubt that you need help. By outsourcing insurance verification, you have someone to handle this for you. Over time, this is going to help you save time and money.
Also, since the company you are hiring is experienced with all the facets of dental billing, including dental insurance verification, they can help ensure the bills are correctly coded, which will reduce the possibility of claims denials. With this, you can feel confident you have efficient and correct insurance verification, which ensures your dental claims are submitted faster and properly, ensuring you are paid on time.
By implementing proper dental insurance verification in your clinic or practice, you can have claims that are processed in a timely and finalized manner. With this, you never have to guess or make a mistake when it comes to whether or not your patient is covered for the procedure they need.
