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This episode focuses on the critical issue of managing credit balances in dental practices and the associated legal implications. Various state laws dictate how these balances should be handled, with non-compliance leading to potential fines, making it essential for dental offices to incorporate credit balance reports into their regular billing processes.

• Overview of why credit balances are often ignored 
• Importance of credit balance reports in financial management 
• Explanation of state laws and dormancy periods for unclaimed property 
• Consequences of failing to manage credit balances 
• Practical steps to take for compliance and management 
• Resources provided for state-specific compliance information 
• Call for proactive measures in managing credit balances

Link to check your states laws for unclaimed property:

https://unclaimed.org/state-reporting/

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https://linktr.ee/dental_billing_coach

Would you like to set-up a billing consultation with Ericka? She would love the opportunity to discuss your billing questions and see how Fortune Billing Solutions may help you.

Email Ericka:
[email protected]

Schedule a call with Ericka:

https://calendly.com/ericka-dentalbillingdoneright/30min

Perio performance formula:

(D4341+D4342+D4346+D4355+D4910)/(D4341+D4342+D4346+D4355+D4910+D1110)