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Featured Blog Archives - Versa Solutions Inc. Dental Billing A/R Support

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When you picture how experts in dental billing and accounts receivables spend an average week in November, does it include snorkeling and gourmet lunches? 

No? 

Maybe you’ve been spending your vacations with the wrong dental billing experts. (Or not enough in general). And maybe it’s time that you caught up with how we spent a few days in November in late 2022.

The Versa Team’s First Annual Company Retreat

Last November, the Versa team packed up and went to Cancun, Mexico for something of a working retreat. This was our first annual company retreat—but based on our experiences, it’s fair to say that this isn’t a tradition that we plan on going away any time soon.

It started on Wednesday, November 9th. Yes, there was some work involved. Emails, claims, and scans—if you’re in the dental billing industry, you know the drill. (Sorry. Little bit of a “dental billing” pun for you. Can you see what a good mood we’re in?)

We met up at the Hotel Marina El Cid Spa & Beach Resort—which was every bit as swanky and luxurious as it sounds—and after a brief walk, all caught up in the lobby. From there, it was time for a team lunch at La Alhabmra at the resort, followed by a little team-building. 

(Note: how do we define “team building” at Versa? Beach volleyball. Fancy drink competition. Water sports. ‘Nuff said?)

From there, there was an ample supply of free time, which is our favorite kind of time, and an optional team dinner. But since we wanted a relaxed atmosphere, we kept that dinner fully optional—after all, there’s nothing like a little “me” time to cap off a day in paradise.

“Is This What You Call Work?”

Thursday was the second “main” day in Cancun. This brought another work session—emails, claims, scans, easy-peasy. Thanks to a hotel suite with WiFi packed in, it was easy to do our work remotely. It’s a funny feeling looking out onto the blue waters and skies of Cancun while getting your dental billing work done indoors. 

Kind of makes this whole “dental billing” stuff kind of easy, to be honest.

But Thursday wasn’t going to be just another day at the office. After the a.m. work session, we went on to another team building activity. Drumroll, please…

…are you drumrolling?…

…a session of catamaran sailing and snorkeling touring—with an open bar included. 

After all, nothing quite builds a team quite like sharing a ship together. You learn how to navigate together, how to handle a catamaran, how to—okay, maybe it’s not exactly all business, but it’s definitely a great way to bond.

Thursday also brought a lot of rest and relaxation, with a long free time session and a farewell dinner. That brought us to Friday—the travel home day. And like it or not, there does eventually come a time when you have to go home.

What We Did in Our Winter Vacation

What can you say about our Cancun trip? That’s not a rhetorical question. You can say all sorts of great things. Not only did our team come closer together than ever, but we had some of the best food and drink that side of the border. 

The food was terrific. Everything from authentic French fine-dining to the Pizzeria Il Peccato, an Italian joint. Mexican antojitos, fresh seafood, an Asian-infused menu at Mercado de Delores—you can practically hear the sizzling even now.

Would we do it again? Absolutely. Of course, business back here still beckons us home. But there’s nothing like getting out of the office and doing work in a completely different location to recharge the batteries.

Was it the average week in dental billing? Maybe not. But at Versa, we were never concerned with doing things the average way. 

And the same applies to the work we do at the office. Versa Solutions’ work hard, play hard mentality shows up in the high standards in everything we do. Even if it’s just an ordinary week in November. 

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With the right process, billing and auditing patients’ accounts can be fast and stress-free. We’ve broken down the process of auditing a patient’s account into five easily manageable steps. Following these will let you streamline the process and make it more organized.

1. Confirm the Effective Insurance Dates

The first step is to confirm the effective dates of the insurance coverage. While doing this, look out for overlapping coverage. If that is the case, you might have the option of submitting the claim to the secondary insurance. This would likely apply for a specific time of service.

This is also the time to confirm that you are sending each claim to the right insurance carrier. This can be a challenge with overlapping coverage and other situations. It’s especially common to accidentally label an original claim as “insurance inactive.” When this happens, you can miss the timely filing limits of an insurance carrier.

2. Review Treatment Plans and Notes on Each Date

Once you have the effective insurance dates, it’s time to look at each date of service. For each of these, review the treatment plans as well as the notes. Check if any special payment plan or other discount that the patient may have been promised.

3. Get Copies of EOBs for Each Service Date

Next, you will want to get copies of the EOBs for every single date of service. This lets you confirm that your team properly submitted all procedures on the EOB. It also lets you confirm that the fee you submitted matches your UCR.

4. Cross-Check the Amount Paid

Now, it is time to make sure the patient made the right payments. Confirm that the amount paid indicated on the EOB is the same as the payment on the ledger. Then, confirm that these are the same as the payments in the bank records.

5. Verify Out-of-Pocket Patient Costs

Finally, you need to confirm the out-of-pocket costs of your patients based on the EOBs. This is the time to check the merchant processor records and the bank records. This will let you confirm that you collected the funds.

Bonus: Why Do You Need to Audit Patient Accounts?

Now that you know the steps to auditing a patient’s account, it might be helpful to remember why this process is essential.

Regularly auditing accounts can improve your profitability by identifying missed payments or claims you failed to file with carriers. You can use audits to find incomplete or inaccurate billing practices that cause you to lose out on money.

On the other end of the spectrum, audits can also reveal unnecessary or unrecorded charges. This can help your patients financially and prevent future issues for your company. Regular audits can even help you improve documentation and get in good habits regarding billing.

Conclusion

Auditing a patient’s account is a good practice, as it lets you spot errors and maximize profits. These audits also help you avoid fraudulent claims and compliance issues, which cause even bigger problems. The process can be straightforward when you follow the steps above. Versa Solutions conducts hundreds of account audits per month FOR FREE for our clients. Millions of dollars has been recovered with our Patient Accounting service. Reach out to see how we can help by clicking here.

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Dealing with insurance companies can be painful. Even when everything is filled out correctly, a dental insurance claim could still be denied for a simple mistake. Something as minor as a missing address of a patient could throw a wrench in the entire claim process. Thankfully, most denials are due to 4, relatively easy to fix, reasons. It is easier to spot these mistakes once you know what to look for. To help your dental insurance claims go as smoothly as possible, be on the lookout for these potential issues:

  1. Non-Covered Services

It can be difficult for patients to understand the ins and outs of their dental insurance. The verbiage makes it challenging for someone not in the dental field to know how often services are covered. A dental claim can be denied due to limitations or for too frequent visits.

What can be done?

The best way to guard against this denial is to circumvent it before services are performed. The dental practice must verify insurance benefits to ensure the insurance policy covers the treatment.

  1. Missing or Incomplete Information

The insurance company could require additional information before agreeing to cover the treatment. They want to ensure that procedures are not performed frivolously. It is important to submit any and all documents supporting the claim in the first go around, otherwise, the claim could be denied.

When submitting a dental claim, a detailed narrative must also be submitted. Using a general narrative for multiple patients is unacceptable per insurance standards and will result in a denied claim.

What can be done?

This is a simple and easy-to-correct mistake. The dental office must gather the missing information to submit to the insurance company. Once the documents have been submitted and attached to the claim, the claim will be reprocessed. Although this is an easy denial to fix, it can still eat up man hours to find and submit the missing information. Ensure that all necessary documents are properly submitted the first time around to save on staff work.

  1. Criteria Not Met

If a dental insurance company believes that a patient did not meet the criteria for a procedure, they could deny the claim. The onus is on the dental office to prove that the patient met the criteria for the treatment and was covered by the insurance policy.

What can be done?

Insurance companies can be intentionally vague with the reason for a dental claim denial. Suppose a “criteria not met” denial comes across your desk. In that case, there must be a follow-up with the insurance company to determine what the criteria are and what other information they require. Using this information, documents can be gathered and attached to the claim for reprocessing.

  1. Core Build-Up (Code D2950) Denied

A build-up involves restoring a tooth that lacks the structure to hold a crown. Teeth that require a build-up procedure typically lack over 50% of their form. Often, an insurance company will balk at this code because they view it as inclusive to a crown procedure.

What can be done?

If a build-up procedure was conducted independently of the crown or bridge, the insurance company must be made aware of the crown or bridge seat date. Additional information may also be required, such as x-rays or proof of the tooth’s condition. As always, a detailed narrative will assist in pushing the dental claim through.

Additionally, Cigna uses at least two denial codes for D2950; PB & NT.

PB: Benefits are not provided for this service as it is considered to be a part of, and inclusive to, the primary service performed.

NT: Your plan does not provide benefits for this service.

If a build-up is denied with code NT, it can be treated as a non-covered service by billing the patient the UCR fee. If a build-up is denied with code PB, call Cigna to provide the seat date of the crown. That is usually all what’s required to overturn that denial.

Versa Solutions can help find a list of denied D2950 procedures in your software and overturn these denials. Ask us how!

Say Goodbye to Denials

If the dental insurance company denies a claim, it is usually for one of the above reasons. Although it can be frustrating dealing with vague denial reasons, submitting all the necessary paperwork the first time around can make the process easier for everyone involved. Use this information to your advantage to stop claim denials and receive the money that your dental office is rightly due.

We’ve spoken with many, many, MANY dental offices and found that most are only collecting 60-80% of the pay they should be receiving.

Ouch!

If you are in this camp, you work wayyy too hard and wayyyyy too many long hours to only take a fraction of what you’re owed.

But who has the time to clean up your A/R, spend hours on insurance billing, or talking to insurance companies over the phone?

Because we’re sure your office is swamped with mountains of other important things to do like scheduling, patient care, dentistry, the patient experience, and more.

And that’s where we step in…

Our services are 100% virtual, so you won’t have to worry about us taking up more of your time or getting in the way of other important jobs in the office.

But just because we’re virtual doesn’t mean we’re not hands-on — we assign a dedicated billing specialist to your specific office to handle: 

✅ Claims Submission

✅ Insurance Payment Posting

✅ Appeals Submission

✅ Audit Accounts

✅ Patient Statements

✅ Patient Billing Calls

✅ And more!

Want to take that 60-80% to 100% in a cost-effective, time-saving fashion?
Schedule a 15-minute call with us to find out if what we do would be a good fit for your office!

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Dropping network participation is often considered an overwhelming task by many dentists due to the fear of losing customers or money. In 2019, around 80% of Americans had a dental plan. In 1994, the figure was a meager 43%. The growth of dental benefits drastically changed the landscape of the practice, bringing in a massive inflow of providers into dental networks to attract and retain insured patients.

On average, providers are part of 8+ dental networks, and nearly half are affiliated with 11+ networks. Simply put, it is no longer a new thing to be a participating provider since participation only improves the playing field.

How to Drop Network Participation in Dentistry?

Dentists drop dental participation to increase revenue. However, transitioning away from heavy insurance participation may seem daunting. The following 4 factors will help you gather the relevant data and speed up the process.

Collect Contract information for all your in-network plans

This step is crucial and will involve scrutinizing each plan, its updated fee schedule, and the possibility of renegotiating the fees. It is also essential to know when the contract will be renewed and the notice period required (some require a six-month notice) before the network can be left.  

Know your Active Patient Count

Before knowing how the transition will affect your practice, it is critical to know the active patient count. This includes all the patients who have visited your office in the last one and a half years. Once you have calculated your active patient count, determine how many participate with each insurance plan. This will help you understand the potential attrition you could lose with a network change.

Know your Cancellation Rate

Sometimes, dentists drop one or more insurance contracts because their schedules seem “overbooked.” Keep in mind that many offices experience high cancellation rates, which can disguise an underlying schedule issue by filling it with appointments that might get canceled. The ideal hygiene cancellation rate is 8% or lower, translating to less than one patient per column per day. Moreover, doctor cancellations should lie below 1%. For example, if your cancellation rate is 11%, take appropriate measures to reduce or make room for extra patients to compensate for the canceled appointments.

Assessing cancellation rates is integral as it will help you see if you are overbooked with many patients or if you have a masked cancellation issue that will probably worsen if you drop networks.

Meet Patient Expectations

Irrespective of your fees, patients inherently see you as an expensive option when you are out of fees for service or network. Some patients will be willing to pay more, but it typically comes with the expectation that your service will be exceptional compared to the dentist down the block who is in-network.

If your existing service is already top-tier, or if you are willing to go the extra mile to improve the level of provided care, then dropping networks may be a good solution.

Conclusion

Dropping network participation in dentistry is viable, provided that it is done for the right reasons, such as those mentioned above.

Additional Sources:

https://www.actdental.com/blog/the-5-things-to-know-before-you-drop-a-dental-insurance-ppo

https://www.dentistryiq.com/practice-management/insurance/article/14181287/how-dentists-can-successfully-drop-ppos

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Some new insurance updates that affect claims submission, EOB management, and payment reconciliation have come to light. To help you navigate this new dimension, we bring you key updates you should know about. This will help you make informed decisions with your claims and act quickly where necessary. 

We’ve highlighted some important information for you below. 

Catch Up on Insurance Updates

As of January 1, 2023, Avesis stopped being the administrator of dental benefits for Molina Healthcare of Illinois Medicaid plan and Molina Dual Options Medicare-Medicaid plan in Illinois. However, Avesis will still process all eligible claims with dates of service on or before December 31, 2022. 

You must note the important filing dates and their deadline to ensure you stay compliant. 

Molina Healthcare of Illinois Medicaid plan Deadlines

  • File and correct an initial claim 180 days from date of service
  • Correct a claim 90 days from the last EOB date after the timely filing limit has expired
  • Appeal a claim 90 days from last EOB date
  • Submit a claim with primary EOB 90 days from date of primary payer’s remittance advice

Molina Dual Options Medicare-Medicaid plan in Illinois

  • File and correct an initial claim 365 days from date of service
  • Correct a claim 90 days from the last EOB date after the timely filing limit has expired
  • Appeal a claim 30 days from last EOB date
  • Submit a claim with primary EOB 90 days from date of primary payer’s remittance advice

When billing Avesis for claims with a DOS before December 31, 2022, you can file claims through the following three formats.

  • The first format is going through Avesis secure web portal. Proceed to the portal and follow the prompts to bill Avesis. 
  • Clearinghouses: Avesis has three clearinghouses through which you can file your claim. These include Change Healthcare (Payer ID: 86098) (1-888-255-7293), DentalXChange (Payer ID: 86098) (1-800-576-6412), Tesia (Payer ID: 86098) (1-800-724-7240)
  • The final option is sending a completed paper ADA claim to:

Avesis Third Party Administrators, Inc. 

ATTN: Dental Claims

PO Box 38300

Phoenix, AZ 85069-8300

2023 Changes Avesis Billing

Starting in January 2023, you will need to use Payer ID AVS02 (dental) to avoid claim rejections and payment delays. Your billing team at Versa Solutions will make the necessary changes in your software for clean claims submission.

Speak With Our Professionals

With new updates concerning insurance and billing, we understand you may have concerns and questions you need answers to. At Versa Solutions, we’re always available to take your questions and provide you with practical answers that help solve your dental billing needs. 

Our goal remains to help you create a predictable cash flow so that you can focus on offering premium dental care without worrying about your A/R. We’ll help you navigate your billing systems to ensure you don’t miss out on cash flow. 

You can always reach out to us for any billing questions you have. We’re always happy to help!

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It’s vital for the financial health of your practice to choose the right dental billing company.

A reliable and efficient billing service can help ensure that claims are handled correctly and on time, reducing the chance that claims will be denied or payments will be late.

But because there are so many choices, it can take time to pick the right company for your practice.

Consider these dental billing factors:

Experience and Expertise:

A dental billing company that has worked in the field for a while will know more about how complicated the billing process is and how to deal with the insurance business.

Look for a company specializing in dental billing with a team of professionals with a lot of experience and a good understanding of the rules for dental coding and billing.

Transparency and Communication:

Regarding billing, it’s essential to talk to each other.

Choose a company that regularly tells you about your claims’ status and answers any questions or concerns you may have.

A transparent billing process, where you can see all the claims that have been sent in and the status of each one, can help ensure that there are no surprises and that you always know how your practice is doing financially.

Customizable Services:

Every dental office is different and has its own set of needs.

Look for a billing company with various services you can mix and match to meet your needs.

This could include services like electronic claims submission, billing the patient, and checking if the patient has insurance.

Security and Compliance:

With the risk of data breaches growing, choosing a billing company with robust security measures in place to protect your patient’s sensitive information is essential.

Cost-Effectiveness:

Even though price shouldn’t be the only thing you think about, it’s crucial to pick a billing company with competitive prices.

Look for a company whose prices are easy to understand and can give you a detailed breakdown of the costs.

Technology:

Technology is a vital part of the billing process in our digital age. Look for a company that uses the most up-to-date technology to make billing easier.

You can save time and work by working with a company with electronic claims submission, patient portals, and integrated practice management software.

Conclusion

When choosing a dental billing firm, you should consider experience, openness, communication, customized services, security and compliance, cost-effectiveness, and technology.

If you carefully look at your options, your billing business will meet the needs of your practice and help you reach your financial goals.

Contact Versa Solutions today and discover how we’ve been able to successfully serve hundreds of offices in the US!