What would be the impact of a 70% saving, in your monthly payroll, on your dental practice?
If your answer is a huge impact, then you might want to continue reading.
Knowing when to outsource dental billing and insurance verification services can set your practice apart from the rest if you act on it.
Fortunately, there are several ways you can determine if your practice needs to outsource some tasks such as insurance verification and billing to dental outsourcing companies.
Ask yourself this;
How many insurance verifications does my team do daily?
How many successful claims go through?
How is this affecting my team’s productivity?
How can I improve the billing and claims process?
Do I need help?
These questions are a great starting point and will help you have a clear picture of what is going on and how it can be improved.
You should consider outsourcing dental insurance verification and billing when;
1. When there is an increase in call-in volumes.
Dental outsourcing companies are flexible and can quickly add virtual teams to help you practice handle increased call volumes. This means your existing team’s workload is reduced, allowing them to focus on other key areas in your practice, such as delivering a great patient experience.
2. When you need to hire new employees.
Growth is inevitable in a progressing practice, however, it comes with extra costs. The process of hiring a new employee can cost up to $4000 and that’s before we add monthly salaries and benefits.
Outsourcing your dental billing services, for example, helps you maintain consistency, frees up your time, and increases efficiency without overwhelming you with increased payroll costs.
3. When you want to expand your practice.
Expanding your practice footprint can come at a considerable cost. You will need new offices, furniture, hire employees, etc, however outsourcing saves you a ton of money that you could channel to other areas of your new practice.
Dental virtual assistants do not need new furniture, office space or computers, etc, all this is provided to them by the outsourcing company.
As your dental practice grows, so does the need for resources. Specific tasks arise that require human, time, or financial resources that might not be available or come at a high cost. This might also not be sustainable for the news practices. We are here to help you to success in your business.