13 Mar Doing the Math on Dental Accounts Payable
Accounts payable (A/P) represents the sum of a practice’s financial obligations. Meeting those obligations efficiently can enhance the practice’s overall financial health. Conversely, when A/P isn’t being done right, it can affect everything from revenue growth to staff satisfaction and the patient experiences, as well as the practice’s reputation in the community at large.
Counting the ways you can struggle with A/P
A/P processes are so varied, it can seem like there’s no end to the ways it can complicate billing, impact supplier services or handicap the day-to-day flow of the office. If you’re struggling with any or all of these, it might be time to streamline A/P processes:
How exactly does streamlining A/P happen?
By taking it the professional level. With expert, experienced dental billing professionals at work, A/P is handled accurately and efficiently, and staff is relieved of administrative burdens so they can focus on patient care.
Moving to professional grade A/P generally means outsourcing those functions. And even though A/P is difficult and can cause problems, some practices are reticent to look outside for assistance because they feel they’ll lose control of their own systems. That’s not always inaccurate, either. That’s why the choice of an outsourcing company is so important.
How to Make Outsourcing a Partnership: The Medusind Solution
Look for an outsourcing company like Medusind that offers services and document management technology, combined with hands-on support from billing professional who will answer questions and help you solve problems. Actual humans, not chat bots or 800# s, who will be there whenever you need them. Medusind is a true resource that works with the systems and processes you already have.