7 Ways To Supercharge Your Insurance Management Game - PowerPoint PPT Presentation

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7 Ways To Supercharge Your Insurance Management Game

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  1. 7 Ways To Supercharge Your Insurance Management Game Insurance management and filing claims are some of the most tedious and maybe redundant workflows in dental practices, if not done right. Since it is a task that decides when a patient’s payment is completed and in extension the revenue cycle, it goes without saying that the workflow must be smooth, bug-free and efficient. Workflows may vary with how your dental practice is set up, but here we will provide a couple of ways in which you can improve how insurances and claims are managed and thus boost effective practice performance. 1.​​Collecting patient details and verifying eligibility before the patient comes in. When setting an appointment with the patient, make sure to collect as much information about the person using forms or questionnaires. The insurance data, thus collected can be verified by calling, emailing or using the insurance carrier’s website. This will ensure that when the patient comes in for the treatment, you will be ready to split the costs and move on to filing the claims without a hitch. 2.​​Confirming the details with the patient on arrival. Assuming that, all the insurance data populations and verification was done beforehand, it will be very helpful to re-confirm the details with the patient just before the treatment. This is to eliminate the chances of any errors or changes that took place since the previous contact with the patient. It is better to find out and rectify changes during the treatment than, at the time of payment. 3. ​Submitting the claims without errors or omissions. Getting a claim properly filed without any issues the first time is a win! Here are some things which may go about unnoticed ; ● ​Omission of important procedure codes and license numbers. ● ​Usage of deleted or expired procedure codes. ● ​Typos in names, addresses, NPI, SSD etc. 4. ​Using a proper dental practice management system. So, by now we can understand that there are a lot of places where things can get messy. The best way to overcome all these issues is by using a ​practice management system that has all these features inbuilt. It will demand all details for the claim to be submitted, thus avoiding omissions and typos. It is always updated on the latest changes in the industry and will almost always run off the latest industry standards. Why go through the hassle of doing all of these by hand when it can be automated and simplified. This saves a lot of time for you and your staff. Stay ​tuned​ for more!