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Dental Insurance Billing Outsourcing: Benefits You Can Gain

By Outsource Strategies International Subscribe to RSS | February 14th 2012 | Views:

Medical billing for dental practitioners needs proper attention, as it involves medical codes, documentation, claims and reimbursement. A good amount of dental practice income is lost due to dental billing errors such as under pricing, under coding, and missed charges. This is the reason why there is a need to outsource dental insurance billing to a dependable medical billing company.

Majority of the dental healthcare practices now prefer to outsource dental insurance billing, as it is the smartest way to get benefited. Surveys and researches show that outsourcing medical billing services has become a global trend these days. The rapidly increasing number of dental billing companies is proof of the fact that dental billing outsourcing is widely accepted.

Dental insurance billing is the process covering a wide range of activities but its main intention is to process medical bills and submit claims to insurance companies in order to receive payments for their clients in a timely manner. It requires great attention to detail, quick processing, and adherence to norms to ensure minimal claim denials.

What You Can Gain by Outsourcing Dental Billing Services

Providers of dental insurance billing services can take care of all matters pertaining to insurance claims management and processing as well as deal efficiently with insurance companies and other government agencies. Services include processing paperwork that will be submitted to the insurance company. Another important feature of dental billing services is the use of online or electronic billing, coding and submission systems that would accelerate the claims process. Dental physicians can receive reimbursement within days.

When you outsource dental billing, apart from the general benefits, you will experience the real pleasure of sharing the business risk. Dental practices reap many benefits with dental insurance billing outsourcing:

•Risk sharing

•Time to focus on core functions

•Helps business expansion

•Competitive advantage

•Tremendous cost savings

•Increased cash flow

•Reduce management time for dental physicians

•Increase reimbursement by a minimum of 30%

•No maintenance of hardware/software/technical issues or dealing with backups

•Eliminates backlog

•Save cost on employee benefits such as health insurance, payroll taxes, and paid vacation time

•Increased patient satisfaction

•Easy to understand invoices means response rate goes up by 400%

•Simplifies your workload, so you can focus on patient care

Listed above are some of the benefits of dental insurance billing services that dental professionals and organizations can take advantage of and save precious time that they can allot for providing dental care for their patients.

As an outsourcer, you should be very cautious in selecting a dental billing service provider. Before deciding on a dental billing company to partner with, check whether the company is HIPAA compliant, ISO certified; has enough years of experience; can meet deadlines; supports the latest technology and other relevant details.

Outsource Strategies International - About Author:
Outsource Strategies International (OSI) offers medical billing services, focusing on every aspect of the medical billing / patient cycle. Our medical billing company is staffed with skilled and experienced billing specialists, coders, and other service personnel, having extensive experience in providing accurate results.

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