Dental Unfiltered
Episode 23 - Accounts Receivables: How Much Money are You Leaving on the Table?
May 15, 2024
Join Dr. Andrew Vallo and Matt Brown as they discuss financial strategies for dental practices, including upfront payments, financing options like Invisalign, and efficient insurance management. Learn about boosting revenue collection and success through effective accounts receivables management.
37:03
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Quick takeaways
- Implement deposit policies and secure full payment before treatment for effective revenue collection in dental practices.
- Outsourcing insurance verification tasks and hybrid oversight models can prevent outstanding payments, ensuring financial stability in the dental practice.
Deep dives
Importance of Strong Financial Policies
Having strong financial policies, including deposit policies and not completing treatment until balances are paid in full, is crucial in ensuring effective revenue collection in dental practices. By implementing these policies, practices can minimize instances of patients not paying for services rendered.
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