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While many dental patients have some form of dental insurance, many do not. It’s common for dental practices to offer payment plans to patients who need them. While it’s beneficial to offer patients some flexibility in how they pay, the result may be a collection of past-due invoices. As you know, a lack of incoming payments can cause issues with cash flow.
Your dental practice needs patients to survive, but you also need to earn enough money to pay your overhead expenses, make payroll, update equipment as necessary, and market your practice to attract new patients. For many dentists, the rising cost of running a practice necessitates an increase in prices.
What is the best approach to handling patient cancellations? In any dental practice, patient cancellations and no-shows reduce profits and can impede efforts to grow a practice and attract new patients. While it’s impossible to eliminate all cancellations, it’s essential to put practices in place to reduce them and minimize no-shows. No-shows are even more disruptive than cancellations because there is no warning and thus, no way to fill the[…]
Changes within the healthcare industry have led some medical practices struggling to stay afloat. The introduction of the Affordable Care Act (ACA) brought about a series of changes in insurance regulations, becoming an ongoing source of frustration (for both staff and practitioners).
Your Guide To Getting More Google Reviews
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