Dental Accounts Receivable Management: Optimizing Your Practice Cash Flow

At Advantawise, we specialize in comprehensive dental accounts receivable management that helps dental practices maintain healthy cash flow and reduce outstanding balances. Our systematic approach to AR management ensures that both insurance and patient payments are collected efficiently and professionally.

Common AR Challenges in Dental Practices:

Dental practices face unique accounts receivable challenges:

• Insurance Payment Delays: Dental insurance processing can be slower than medical insurance, leading to extended AR aging.
• Patient Responsibility: High patient co-pays and deductibles for dental services can result in collection challenges.
• Treatment Plan Financing: Large treatment plans require payment arrangements and ongoing collection management.
• Missing Patients: Patients who move or change contact information without updating the practice.
• Coordination of Benefits: Complex situations involving multiple insurance carriers and patient responsibilities.

Our Dental AR Management Services:

Our comprehensive approach addresses all aspects of dental accounts receivable:

• Insurance Follow-up: Systematic follow-up on outstanding insurance claims with appropriate dental terminology and clinical justification.
• Patient Collections: Professional patient collection efforts that maintain positive patient relationships while recovering outstanding balances.
• Payment Plan Management: Setup and management of patient payment plans for large treatment cases.
• Aging Report Analysis: Regular analysis of AR aging reports to identify and address collection opportunities.
• Write-off Recommendations: Strategic recommendations for appropriate write-offs to maintain healthy AR metrics.
• Collection Agency Placement: Appropriate placement of accounts with collection agencies when internal efforts are exhausted.