Comprehending Accounts Receivable (A/R) is one of the most important process in the revenue cycle of a dental practice. It pays for your salary, your office and your bills. Failing to adequately work denials from insurers translates to loss of revenue for your dental practice.
At Star ITech, we provide a range of accounts receivable services to our clients with an option to outsource all or part of your accounts receivable backlog to us and benefit from high-quality services at a low cost. Star ITech leverages a large workforce of highly trained Accounts Receivable associates who manage your accounts receivable efficiently and save your time and money. Our Denial Management team classifies denials by reason, source, cause and other distinguishing factors. We develop and assess effective denial management strategies.
At Star ITech, we understand Accounts Receivable for a dental clinic. We generate an insurance aging report and track outstanding claims every week by paying attention to the clearinghouse status report. We analyze information obtained from financial statements using basic financial ratios specifically looking for words like "zero payment," "rejected," "holding claim" or "unprocessed."
While denied claims are a chief source of frustration for your billing staff, they also put a pressure on your practice’s cash flow. By proactively striving to Identify, Monitor, Manage and Prevent denials, we at Star ITech educate your employees, streamline your work, improve your internal processes and make sure you get paid what you deserve.
For the long-term success of the Revenue Cycle, establishing an effective denial prevention program is crucial. We have the required infrastructure, resources, expertise and experience to provide better results and our approach ensures that our services are delivered on time at cost-effective rates.
Our A/R management service is designed to increase Revenue Collection and reduce operating expenses. The process begins after the clients office creates and sends the Insurance Claims (Electronic/ Paper claims) to the respective carrier.
There are two types of claims Follow-Up:
The Follow-Up process is divided into 3 methods:
Once the Follow-Up process has begun Denied Insurance claims will require extra effort for resolution.Denials management is divided into two categories:
Our AR management solution allows practices to manage their ever-growing number of insurance claims because we proffer the service and expertise needed to effectively handle all aspects of the accounts receivable department.
Ineffective management of your insurance accounts receivable can be detrimental to the profitability of your practice and cost your organization a substantial amount of money. This is typically caused by a lack of time or unorganized and unproductive efforts by the in-office staff. Our service alleviates this concern by always following industry best practices and operating with the utmost efficiency. This is the result of a combination of our skilled and knowledgeable subject matter experts and our array of innovative management methodologies.
No. The best part of our services is that no change is required at your end. We are capable with all dental management systems whether it is Dentimax, Dentrix, Eaglesoft, etc.Who will handle our actual payments and deposits?
With our dental management services, your office staff will open all mail, collect all payments and make all deposits. NEVER does anyone at Star ITech handle your money.What are the requirements for the Star ITech services for dentist billing?
Broadband internet service is all what is required for us to process and execute the work efficiently.What happens to our staff members if we use your services?
Your staff members continue to work in the same capacity. We only provide them additional support so that they can work efficiently, focusing on increased production and giving patients more personalized attention, thereby greatly increasing your patient’s acceptance of treatment plans you initiate.Are there any long term contracts?
No long-term contract is required. There is no set up fees. We are confident that you will be pleased with our services. What’s more, we only get paid after you have collected the receivables due to your practice.