666: AR is a Team Sport – Dayna Johnson
The Dental Podcast Directory is Proudly Supported By:
Show Notes
666: AR is a Team Sport – Dayna Johnson
Collecting money isn’t always an easy conversation, but it’s critical to the business. And it’s not just an admin task. The whole team should be learning how to get involved and support the profitability of the business. Listen to expert Dayna Johnson share her systematic approach. Learn more in Episode 666 of The Best Practices Show!
Episode Resources:
- Subscribe to The Best Practices Show podcast https://the-best-practices-show.captivate.fm/listen
- Join ACT’s To The Top Study Club https://www.actdental.com/ttt
- See ACT’s Live Events Schedule https://www.eventbrite.com/cc/act-dental-live-workshops-306239
- Get The Best Practices Magazine for free! https://www.actdental.com/magazine
- Write a review on iTunes https://podcasts.apple.com/us/podcast/the-best-practices-show/id1223838218
Links Mentioned in This Episode:
Dayna Johnson’s Website: https://novonee.com/
Dayna’s Podcast: https://novonee.com/podcast/
Main Takeaways:
Accounts receivable is not just an admin task. It’s the responsibility of the team.
Your money is worth the most today. You have to collect the patient portion on the date of service.
It’s not just about collecting money, but being proactive about preserving the relationship when an honest conversation is had about the patient’s financial responsibility.
Use a systematic daily, weekly and monthly approach to getting insurance claims paid.
Make sure your team understands how critical profitability is and how they personally can influence the collections in the practice.
Quotes:
“Your accounts receivable is the money that’s sitting on the books. So you produce $1000 today and you only collect $500 then you still have $500 of accounts receivable. You still have money that’s sitting on the books. The accounts receivable, some of it might be coming from dental insurance companies, some of the money might be coming from patients. And so there are those two buckets of money that needs to be collected….
Subscribe to The Dental Podcast Directory Newsletter for Incredible Convenience
There are so many dental podcasts that publish great content, but it’s impossible to subscribe to all of them. Three days a week, we send an email newsletter with links to all of the recent podcast episodes published by dental-specific podcasts. To get this newsletter, type your email below and click subscribe.
Audio Disclaimer:
The audio available here uses the podcast creator’s RSS feed to pull the audio file. We do not download or host any of the audio files on our website. If the audio player is broken or the audio is no longer available, it may be that the podcast is no longer live or that the content was moved to another podcast host. If you find an error or need to make a change, please contact us by opening a support ticket. Click Here to Open a Support Ticket