How It Works

By Feb 08, 2016
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WE ONLY COLLECT DENTAL REVENUE AND OUR APPROACH IS UNIQUE. THE FIRST THING WE DO IS ASK YOUR PATIENTS HOW WE CAN HELP THEM AND THEN WE EDUCATE THEM ABOUT THEIR INSURANCE, CO-INSURANCE, AND THEIR CO-PAYMENT RESPONSIBILITY.  DENTAL COLLECTORS CURRENTLY AVERAGES OVER 39% RECOVERY OF FOR SELF-PAY DENTAL REVENUE, MORE THAN DOUBLE THE NATIONAL AVERAGE.  THESE RESULTS ARE ONLY POSSIBLE WHEN WE INTEGRATE WITH YOUR PRACTICE AND WORK ACCOUNTS TOGETHER.

  

 

DAY 1 BILLING PROCEDURES

Your first day working with DC will provide tremendous educational value. We provide you procedures to help you avoid accounts from going into collections which will begin to optimize your revenue. After you submit accounts online through our easy and secure placement portal. We will begin to work your accounts, sometimes the same day which will immediately free up your staff.

BENEFITS

  • Next Day Service
  • Save Admin Staff Time
  • Immediate Account Attention
  • Low Cost Dental Billing Procedure

 

 

DAY 45 FRIENDLY BILL REMINDERS

Our first step to increasing your revenue is providing a patient-friendly notice and call service where we will contact all your late paying patients to make their payment to you directly. Calls are made weekly and statements go out every 15 days. During our 60 day pre-collect phase you will generate patient pay revenue for a flat fee of $5.00/account. There is no other fee or percentage for the recovery of your self-pay revenue nor is there any minimum volume requirement to use our pre-collect. All collection efforts are made on a first-party basis where we act as an extension of your business office using your clinic’s name and branding. All revenue is directed to your office for immediate processing and credit. You remain in control of your revenue at all times.

BENEFITS

  • No Up-Front Cost
  • Low Flat Fee Per Account
  • Same Day Service
  • Friendly Follow-up Calls
  • Bi-weekly Statements
  • Maintain control of all payments and revenue
  • Payments Via PayDentist.com
  • Updated Account Information

 

BAD DEBT PHASE I

In the event that collections are not made in the “pre-collect” phase, accounts are offloaded to our 3rd party bad debt collection process. Phase I last 45 days and allowing for the following FDCPA/FCRA compliance requirements to be met:

  • Validation notification
  • Dispute processing
  • Verification of debt

During Phase I voluntary collection efforts are made using postal, telephonic and electronic media to solicit payment in full of your self-pay patient balance. Payments are made to our office directly or via our payment portal (www.paydentist.com). Monthly remittances are then submitted to you itemizing all monthly payment activity and remaining account balances.

 

 

BAD DEBT-PHASE II

Balances not collected in Phase I roll to Phase II of our Bad-Debt collection cycle on day 46. During Phase II the following traditional collection tactics are deployed:

  • Skip-tracing
  • Credit Reporting
  • Litigation

We understand your patients are important to you. So we act on your behalf with professionalism and consistency. Patients that express a genuine interest in resolving their debt but lack the resources to pay the balance in full will be provided options for a payment plan. We prefer to collect the maximum amount of revenue in the shortest period of time so our payment programs are favorable to your practice.

BENEFITS

  • Quick Reimbursements
  • Locate Alternative Payment
  • Arrangements
  • Client Driven
  • Skip-tracing and asset location
  • Reporting to all 3 NationalCredit Bureaus
  • Payment Programs
  • Ongoing Payment Plans
  • Customer Retention

 

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Dental Collectors

Amir Erez, President and CEO

Website: www.dentalcollectors.com
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