“Chris Haines is a wealth of knowledge. She has robust experience in running practices day to day and intimately knows the insurance reimbursement process. It is strongly recommended you reach out to her to find out how you can automate your insurance reimbursement cycle.”
Update on EFT system that was set-up 6 months from initial system put in place
Training of a new staff member handling the insurance
Consult with practice CPA for accurate bookkeeping of EFT system
Set-up new EFT’s from insurance companies now offering this form of payment
Training on Insurance company websites
Improve Cash Flow Systems
It’s all about improving cash flow systems and working less! Moving from overwhelm, we’ll move into overdrive, so you can serve more patient’s than you’re currently serving and make even more money while working less and finally having time off to be with those you love.
Increase Your Free Time
You know implementing cash flow systems is critical to building your business, but you struggle with getting the foundation pieces in place. The different rules and regulations, forms to fill out, dealing with insurance companies, how to train staff, etc. You need to see results and need to fill your pipeline.
Is it costly to implement EFTs via ACH and does it require special equipment?dentalwebsmart2022-01-10T13:58:59-05:00
No, the only item required to receive EFT via ACH payments is a bank account.
What’s more, EFTs via ACH are more cost effective than many other forms of payment, including checks and virtual cards. Providers see an average savings of $3.04 for every claims check converted to an ACH payment.
When EFTs are used in combination with ERAs–which allows for automated reconciliation of EFT and ERA and automated posting–cost and time savings increase even more. Providers can save $7.21 per payment when they switch from checks and explanations of benefits to EFT and ERA.
Additionally, some health plans are offering virtual cards for claims payments instead of EFTs and believe that this complies with the standard. It does not. Providers have the option to say no to virtual cards, and all health plans must offer the healthcare EFT standard via ACH if it is requested.
How much will Dental WebSmart’s services cost?￼dentalwebsmart2022-01-10T14:00:02-05:00
The total cost for consulting, office set-up and training varies for each office based on their needs. For example, one office may only need help with online registration and would like training on improving efficiency, while another office may need a complete overhaul of their insurance filing system. If you would like a personalized estimate, please contact us and we’ll set up a free consultation.
I’ve heard about dental practices being embezzled. Does registering for EFT from insurance companies put my office at risk?￼dentalwebsmart2022-01-10T14:00:58-05:00
Actually, EFT is more secure and transfers are routed through approved banking channels in highly protected formats. All dental insurance companies and banks have to meet all privacy and security standards with password encrypted account entry. Be aware this is a federally mandated system.
Cash is the main target, but the theft of patient checks (personal and Insurance) is increasing dramatically.
Dental WebSmart will help you with the EFT & ERA set up process in which all monies go directly to your bank account. Setting up a secure environment for receiving EFT payments is the most important feature to avoid the risk of embezzlement.
“I ran into problems with one insurance company, and I hired her a second time to solve the issue. Chris is reliable, professional, responsive, and priced reasonably. I’d highly recommend hiring her services!”