In medicine, Revenue Cycle Management (RCM) is a standard feature that increases the speed and likelihood of insurer and patient payments. In dentistry, this is a relatively new concept when it comes to RCM integration in dental software. But RCM will dramatically change the way dental groups get insurance reimbursement. So what does this mean for a dental group? What are the services that a revenue cycle management program can offer?
One of the key benefits is speed of collections. Keeping claims from languishing and falling to the wayside increases revenue, and revenue cycle management provides automated tools that work to improve dental office billing and follow-up. In addition, auditing and analysis of claims to help dentists understand what is happening, which claims are most likely to have problems and how collections can be improved provides a broad overview to assist dental offices in making growth decisions.
The Benefits of Revenue Cycle Management
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