Dental Revenue Cycle Management (RCM) Services
For a practice, Patient and Revenue are the key areas to focus on. Integrate Medicodental’s dental revenue cycle management system with your practice to streamline billing, reduce denials, and increase profits.
What is Dental Revenue Cycle Management?
Your growth is our growth; it’s as simple as that. Get a free billing consultation now to discuss how we can improve your billing process, ensuring 100% payment collection from both payers and patients with first-submission approval.
We offer a one-month complimentary billing audit for practices, allowing them to experience our services firsthand and assess whether we deliver on the promises outlined in our claims.
Dental Revenue Cycle Management Process
Patients Appointments and Scheduling
The first interaction with the patient typically occurs during calls, where appointments are scheduled and timings are arranged. We ensure that each patient receives specialized care.
Insurance Verification Check
The second step involves verifying the patient's documents and confirming whether they are enrolled with the payer. This ensures there are no delays or denials for the provider afterward.
Planning Treatment
The provider consults with the patient and creates a treatment plan, ensuring that the entire process runs smoothly and satisfies both the patient's and provider's needs.
Billing & Claim Submission
After the treatment, billing is handled by our expert billers and coders to ensure the provider's claims are approved on the first submission without any delays.
Insurance & Patient Payment Collections
Proactively following up with insurers helps secure timely payments. With our expert patient statement and reminder setup, we ensure that every payment is received in full, and the provider gets compensated for the work performed.
EMR/EHR & AR Management
For a practice, managing patient health records accurately is essential. In AR management, it's said that if accounts receivables are handled well, half of the billing process is complete, and we ensure they are properly managed.
Reporting the Total Revenue
While we keep the patient, provider, and payer aligned through real-time reporting, in the end, when the process is complete, the patient is treated, and the provider is paid, we generate a report detailing the total revenue with all costs mentioned.
Dental RCM Services With Medicodentals
✔ Patient Appointment Scheduling
✔ Insurance Verification and Claims
✔ Dental Billing and Coding
✔ Accounts Receivable Management
✔ Patient Payment Collection
✔ Financial Reporting and Analysis
✔ Regulatory Compliance and Policies
✔ Patient Records Management
✔ Laboratory and Vendor Coordination
✔ Provider Credentialing with Insurers
FAQ’s
How does dental RCM improve cash flow?
Dental RCM improves cash flow by streamlining claim submissions, reducing denials, and ensuring timely payments from both insurers and patients, thus speeding up revenue collection.
Can RCM help reduce insurance claim denials?
Yes, RCM helps minimize claim denials by verifying insurance details, ensuring accurate coding, and submitting clean claims to payers, which increases approval rates.
How does Medicodental handle patient payments?
Medicodental handles patient payments through proactive reminders, statements, and follow-ups, ensuring full payment collection and reducing overdue balances.
Why is revenue cycle management essential for dental practices?
Revenue cycle management (RCM) is crucial for dental practices as it optimizes billing, ensures timely payments, reduces claim denials, and improves overall financial health by managing the entire revenue process.
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