In this conversation, Dayna Johnson discusses the four daily accounting tasks that dental practices should prioritize, focusing particularly on the importance of sending billing statements daily. She emphasizes the benefits of keeping patients informed about their accounts, improving cash flow, and utilizing technology for efficient billing processes. Additionally, she touches on the legal implications of medical debt collections, urging practices to stay updated on state regulations.

Takeaways

➡Daily billing statements reduce stress and improve cash flow.

➡Patients should be informed about their account status regularly.

➡Using electronic billing is more efficient than paper statements.

➡Daily statements help keep patients engaged with their insurance claims.

➡It's crucial to coach patients on following up with their insurance companies.

➡Sending statements every 30 days keeps patients in the loop.

➡Technology like DENTRIX Quick Bill streamlines the billing process.

➡Practices should be aware of state laws regarding medical debt collections.

➡Reducing accounts receivable is essential for practice health.

➡Completing daily accounting tasks promptly sets a positive tone for the day.

Chapters

00:00 Daily Accounting Tasks Overview

05:12 The Importance of Daily Billing Statements

10:11 Streamlining Billing with Technology

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