The 10 Minute Healthcare Marketing Podcast
Business:Marketing
Many dental patients do not have dental insurance, so dental practices often offer payment plans. However, this can result in past-due invoices, which can cause issues with cash flow. Dental practices lose an average of 9% of their revenue to uncollected bills, and overdue accounts receivable can impact the valuation of a practice. To reduce overdue accounts receivable, dental practices should perform proper insurance verification, provide out-of-pocket cost estimates, put financial guidelines in writing, create an in-house dental membership plan, make sure patients understand their financial responsibilities before treatment and offer incentives for up-front payment.
This post provides tips for dental practices to increase their collection rate for past-due invoices. Suggestions include engaging in friendly and persistent follow-up communication, training and involving the team in the collection effort, offering flexible payment options, sending billing reminders on patients' preferred channels, offering electronic billing, and setting up shorter billing cycles. The article also discusses the option of using a dental office collection agency as a last resort.
The podcast discusses the pros and cons of using a dental collection agency to collect past-due invoices. While it can provide relief, there are also drawbacks such as high expenses and distressing patients. It suggests considering a collection agency as a last resort. It provides questions to ask when choosing an agency, such as their recovery rate and whether they specialize in the dental field. It also emphasizes the importance of reducing accounts receivable to improve cash flow and offers assistance through Titan Web Agency's services.
How Can You Find A Reputable Dental SEO and Online Marketing Company?
Getting Started With A Blog for Your Healthcare Practice
How a Doctor Can Succeed With Email Marketing
How You Can Get Good Reviews & Use Them to Get More Patients
3 Strategies to Increase Your Website Traffic
7 Ways to Make Your Blog a Success
What is a Citation? Where do I get them?
How can I Improve my Search Rankings?
An Introduction to Social Media for Doctors
4 Local SEO Tips for Doctors to Show Up Higher in the Search Results
7 Ways You Can Rank Higher in Search Results by Learning from Your Competitors
7 Reasons Your Healthcare Practice Should Start Blogging Today
5 Ways You Can Create Loyal Patients to Build a Thriving Practice
3 Reasons Why Your Website Isn't Bringing in New Patients
3 Marketing Tricks to Explode the Growth of Your Practice
Three Ways You Can Get to Googles' First Page
What are backinks? Do I need them? How can I get them?
How does Google determine who to show up in the search results?
Q and A Episode, Listener Questions
Everything Google My Business. Setting it up, and Optimizing it.
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