How can you master the art of insurance collections and minimize outstanding claims? In today's episode, Michael and Sandy dive deep into the essentials of managing insurance collections with expert insights that can save your practice valuable time and resources. Sandy explains the critical importance of timely and consistent follow-up on insurance claims and recommends designating a specific day each week for this task to streamline operations.

Meticulous tracking of claims—whether using spreadsheets or software reports—and conducting follow-up every three weeks are essential strategies Sandy advocates for. Sandy warns about the pitfalls of outsourcing insurance management without proper oversight, emphasizing that understanding and smoothly handling these processes within your own practice can lead to tremendous benefits.

What You'll Learn in This Episode:

• Why timely and consistent follow-up on insurance claims is crucial
• Best practices for designating specific days for managing collections tasks
• The benefits of tracking claims meticulously using spreadsheets or software
• The recommended frequency for following up on claims
• What you need to know before considering outsourcing insurance management
• The significance of electronic payments in streamlining your practice operations

Don't miss this opportunity to elevate your practice's efficiency—tune in now!

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Mentions and Links:

Communities/Groups:

Dental Gumbo Group

Tools/Software:

Excel

Dentrix

Brands:

Five Guys