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Control your profitability
Insurance reduces payouts by applying lower reimbursement rates to targeted procedures...
-15K
Monthly losses on hygiene and diagnostic procedures
-210K
Annual losses due to chairtime used on bottom 10 plans
-32K
Annual loss on posterior class II composites
-4K
Monthly loss per provider for a specific dental payor
+6K
Profit that could be made by using best coding practices
draining profits based on number of contracted providers and procedures performed.
First, understand how your profit is made.
Revenue Conversion
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Services and products generate gross production.
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Gross production is adjusted for contracted insurance rates.
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The adjusted amount is net production.
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Direct service costs, including provider pay, are deducted.
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The result is gross contributed profit and service-level margins.
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Operational and overhead costs are applied.
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This produces an implied net profit.
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Revenue leakage (discounts, write-offs, uncollected amounts) reduces results.
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The final outcome is actual net profit.
Next, activate profit levers.
Notifications
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