Uploaded on Dec 7, 2022
Believe it or not, dental billing software could be just the boost you are looking for! Aside from helping your collection rate go up, your account department will code more efficiently, including implementing a better grouping of common procedures. How is this possible? Read on to find more!
How Dental Billing Software Boosts Your Revenue
How Dental Billing Software Boosts Your Revenue
Is your dental office's productivity being swamped by patient volume, billing challenges, and reduced reimbursements
because of government healthcare reform? If your profitability has plateaued lately, you may be looking for new
business strategies that can help you scale to demand and boost your revenue streams.
Believe it or not, dental billing software could be just the boost you are looking for! Aside from helping your collection
rate go up, your account department will code more efficiently, including implementing a better grouping of common
procedures. How is this possible? Read on to find more!
What is Dental Billing Software?
Dental billing software is a must-have digital tool for any successful practice. Because this type of billing requires
specialized coding that's unlike standard medical codes, without it, it's vital to your operations to minimize human
errors, adjustment denials, and missed claims.
If you want to improve your staff's efficiency, increase your collection rate, and provide more flexible patient options
to encourage quick payments, you need this digital tool. In addition, many dental companies that rely on this
technology have it integrated with their existing dental practice management software. This means a shorter learning
curve for their team and an immediate benefit to their patients.
Dental Billing Software Benefits that Improve Revenue
If you haven't done so lately, take a few moments to consider your current billing process and how it benefits your
dental office. Do you see anything lacking in its features? Such as automated billing reminders or SMS linking to your
payment processor?
If yes, consider the following advantages that modern dental billing software brings to the table that antiquated
systems do not.
Easier Ways To Pay For Patients
For many patients who have outstanding balances, all it takes is a little added convenience to collect what they owe.
Billing software like Adit Pay has the option to include automated reminders on SMS texts with a quick link to your
preferred payment processor.
So, instead of waiting until they get home or until they call in a payment and take up more precious productivity time
on non-billable tasks, make accessing their account and payment options a breeze. Just click a link on their mobile
phone or tablet, and your office gets paid. Patients can even save card information in a virtual wallet to use later
without entering all the details again.
Centralized Financials
Instead of logging into three different locations on your computer, digital billing software brings it all under one roof.
Simultaneously view payments, refunds, requests, adjustments, and more in one central location on your network.
This empowers your team with crucial information and tools to stay ahead of potential account issues and keep
payments timely.
PMS Integration
Platforms such as Adit Pay integrate with your practice management software to automatically record received
payments directly to your patient's account file. This saves time for your billing staff and streamlines their already
busy workflow, creating more time to focus on getting new receivables coded.
Automated Payment Reminders
Another way that dental billing software improves your practice's revenue is by automating your entire payment
reminder process. Make better use of your productivity by avoiding sending out individual statements, making follow-
up calls, and writing separate emails to insurers or patients. This is time better spent on patients, processing new
treatment claims, and more.
HIPAA Secure Transactions
With all of the advanced features that come with dental practice management tools, it's also vital to safeguard your
patient's sensitive information. Whether receiving, transmitting, or storing this data, HIPAA requires specific
encryption and safety protocols to protect against unauthorized access to EHR and PHI.
Dental billing software typically meets and exceeds these expectations.
Improved Reimbursement Turnaround
Efficiency is often the biggest factor impacting how much revenue your dental office earns each year. By processing
insurance claims through a digital platform instead of faxes and emails, you can shorten the reimbursement wait from
a couple of weeks to a few days. This is because most billing platforms can automate the validation process and send
your claims electronically.
Need to include supporting documentation? No problem. Just like an email message, you can attach important
information like X-ray imaging and photos with just a few mouse clicks.
Real-Time Eligibility And Claim Tracking
Another prominent feature your billing platform might offer is real-time status updates on a patient's insurance
eligibility or claim. Having the ability to monitor the progress of your reimbursement requests means more control
over your revenue for the month.
Stay ahead of potential claim issues by verifying patient eligibility before they ever arrive. This means better
treatment plan preparation and reduced denials.
Send Statements With A Button Click
Your end-of-the-month billing cycle doesn't have to be a three-ring circus event. Code, generate and send account
statements via text message or email to the address on file. Even better? Your team can quickly customize
notifications with reminders and other follow-up requests and distribute them in one batch instead of individually.
Important Aspects of Quality Dental Billing Software
Much like practice management technology, your dental billing software will play a crucial role in how your busy
practice achieves its financial goals. Improving your revenue metrics by reducing claim denials and late payments is
just one advantage these platforms provide. If your current PMS doesn't have an integrated billing feature to support
collections efforts, you're missing out and losing money!
Before deciding on a software that is best for your dental company's needs, incorporate these factors in making your
decision:
Let's understand the various points you should consider before opting for dental billing software.
Features
Again, you need a digital billing system that provides a higher level of functionality that can scale to future collection
needs. This means managing claims in both electronic and paper formats, having HIPAA-compliant encryption, and
performing consistent backups to protect the integrity of your data.
Patient Engagement
Remember, to boost revenue with your dental billing software, focus on patient access and payment flexibility. This
means transitioning collection efforts to channels beyond email and physical statements in the mail.
Leverage user-friendly text messaging options to provide an added level of convenience that doesn't require a
computer to log in. Instead of wasting time making individual phone calls, automate this aspect of your
communication and insert one-click links to your preferred payment processor and patient account access.
Software Pricing
While you probably don't want to break your budget purchasing a new billing system, don't make pricing a top factor
in your consideration. Thousands of providers offer little to no startup costs, but the support may only be a short wiki
link on the Internet and no live technicians.
Lower priced or free billing software options may seem appealing, but many of these products have limited
functionality and outdated features that don't integrate with your current PMS. This is why it's best to choose a
product that best fits your financial needs and worry about cost last.
Software Integration Flexibility
If you already have an efficient and up-to-date practice management platform, but there aren't any billing features,
you'll need a software integration. This will save your team the shock of transitioning to an entirely new PMS and
create a quicker onboarding period, so downtime is minimal.
The Dental Billing Software Provider
There is a lot of billing software on the market to choose from, so be picky about who you choose. Ideally, pick a
company that has dental industry experience. Their products will address the most common challenges you face
when trying to improve your revenue.
Firms like Adit also provide continuous improvement of their products to meet the ever-changing demands of your
practice. So always choose a partner for the long haul that can provide scalable solutions.
Support
In the world of cloud-based technology and automation, learning how to navigate your new dental billing software
could be confusing at first. Ensure that the provider you choose offers more than just onboarding training. Your
accounts team may need additional support tracking and analyzing data reporting as your business expands. It's also
important to establish a supportive relationship so that your team is just a phone call away if your team has any
technical issues.
Start Enhancing Your Revenue Streams With Adit
Ready to use a dental practice management platform that boosts revenue and provides in-depth analysis and
marketing support? Adit provides a comprehensive dental practice management software that incorporates cutting-
edge features, including:
● Practice analytics
● Adit VoIP
● Automated appointment reminders and confirmations
● Advanced metric analytics
● Online scheduling
● SMS messaging
● Adit Pay
● Review and marketing support
● Patient forms
● Call tracking and recall
● World-class support
Our extensive offering of digital tools helps you find the solutions you need to make every department in your
organization efficient and profitable. Trust our team to help you onboard quickly and scale our platform as you grow,
so your dental company always utilizes the latest practice management technology.
Request your demo today and discover how your revenue and other operational processes can benefit from Adit Pay
and our other service features.
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