13 Mar Get the Money Owed Your Dental Practice by Streamlining Your Accounts Payable
Your accounts payable (A/P) represents what your patients owe you. By collecting your accounts payable, you increase your bottom line, strengthen your practice, and boost staff satisfaction. Learn how outsourcing your accounts payable to expert dental billing professionals can benefit your practice and help you reap increased revenue.
The Challenges Involved With Dental Accounts Payable
Processing your accounts payable can be complex; it can complicate billing, affect supplier services, or handicap the day-to-day flow of your office.
Here are some of the A/P-related problems your dental practice might be confronting:
- Payment delays
- Duplicate payments
- Inefficient use of accounts payable processing resources
- Lost approvals
- Inefficient accounts payable workflow
- Payment to invoice application issues
- Locating reliable payable files so you can check register imbalances
If you’re struggling with any or all these problems, it might be time for you to streamline your account payable processes.
On top of this, there’s another roadblock: most dental practices don’t have a staff member who is completely devoted to accounts payable and who’s conversant with the most up-to-date techniques for improving your cash flow. Here’s where contacting a top dental billing specialist like Meduisnd can be a wise idea.
How Medusind Can Help: A National Leader in Dental Billing Solutions
Your staff members may not be experts on accounts payable—but we are. Medusind is a top provider of dental billing solutions, and we help thousands of dental practices manage their essential billing needs. In fact, Medusind is also the leading dental insurance eligibility verification company—so we can not only help collect patient debts faster, but we can also quickly verify if they qualify for insurance coverage.
Medusind enables dental practices to:
Exceed Revenue and Growth Targets
Receive Payments Faster
Support Staffing Challenges
Here’s How We Can Simplify Your Tangled Accounts Payable Processes. We:
- Identify best payment methods
- Create automatic invoicing for all eligible invoices
- Optimize by payment type
- Solve payment issues, resends, refunds, change requests, and supplier inquiries
- Implement trackers to help organize payable workflow
- Onboard suppliers through multi-channel campaigns
- Handle check cutting and mailing needs, including generating required documents if needed
- Create Positive pay files
- Cross-reference payable files to check registers to confirm balances and ensure processes are accurate
You Choose the Services You Want
Medusind integrates its features seamlessly with your existing practice management software. We can provide only the services you need, à la carte style, or we can deliver end-to-end dental billing, including:
When You Need Help, Talk to an Expert, Not a Chatbot
In addition to offering the above-listed services and document management technology, we furnish hands-on support from billing professionals who will answer your questions and help you solve problems. They’re actual humans, not chatbots or 800 numbers, who will be there whenever you need them. Medusind is a true resource that works with the systems and processes you already have.
Our team of knowledgeable dental billing professionals catch what technology can’t. Together, our 20 years of proven industry expertise, up-to-the-minute technology, and team of knowledgeable dental billing professionals are a powerful combination that can help your practice thrive, grow, and deliver the highest quality patient care.
Learn how we can improve your cash flow and help your practice thrive
Interested in learning more?
