Running a dental clinic is no easy job and involves much more than treating dental problems of the patients. Additional staff is required for managing the billing and accounts. For ensuring that a dental practice is profitable, the task of checking dental insurance of the patients must be correctly handled.
Getting the dental insurance of the patient verified and approved before the treatment is necessary, as otherwise, it could lead to unnecessary expenditure for the patient or the doctor. However, the process of Dental Insurance Verification is not easy and requires a lot of time, as too many details are involved.
It is, therefore, advisable that you outsource the work of dental insurance verificationto an expert. Following are a few of the benefits of outsourcing dental insurance verification.
Improved Patient Experience: As a dental practitioner, one’s primary focus should be providing superior dental expertise to the patients. This would make them feel welcomed, and they would keep coming back. Also, this would earn you a good name and reputation, thereby increasing your customer base.
Easy Insurance Verification: The whole process of insurance verification is tedious and complicated. There is too much nitty-gritty involved like deductibles, coverages, waiting period, maximums, etc., which vary from plan to plan. Tracking each and every detail for so many customers can be tiresome for a person who is handling other things at the workplace.
Besides, even if just one detail is missed out on, it can have major repercussions. The doctor or the patient could get charged with an unanticipated bill.
By outsourcing Dental Insurance Verification, a lot of time and resources are saved. Dental Insurance Verification is an elaborate process that involve details like name, date of birth, insurance ID number, provider information, diagnosis, location, etc. Apart from this, the insurance company can ask for other documents such as previous treatment documents, medical notes, clarification on expenses, etc. Hence, it takes a lot of time to get the authorizations related to the insurance amount.
Keeping a tab of your pending insurance claims is also crucial since it is related to managing your account receivables. It can be a cumbersome routine to call your insurance carrier now and then to know the status of the claims. By outsourcing, you save multiple hours as the agency/expert takes care of the same for you.
Savings in Cost: By outsourcing Dental Insurance Verification process, you save on the salaries of the staff, who you would otherwise have to hire to do it. The salary of a dental assistant would range somewhere between $20-$32 per hour, and there would also be additional 30% benefits costs. A lot of monetary resources also go in recruiting, onboarding and retaining of employees. Hence, outsourcing dental insurance verification is much more cost-effective.
Outsourcing dental insurance verification would assure you have complete paperwork and approved insurance before the treatment and relieve you of this additional responsibility.