The word outsourcing can be associated with unpopular, potentially harmful business choices in several contexts. In many industries, sending jobs to other countries with “cheaper” labor has proven cost effective for American companies, but the concept of outsourcing doesn’t always entail something negative. In fact, when it comes to outsourcing dental billing, jobs can stay in the US and offer a win for everyone, including the patient, the employees, and the dental practice owner! How can it help and save on costs? Here are just a few ways.
Access to Experts
Even if you own a large corporation in a highly populated city, finding talented and experienced employees presents a huge challenge. Especially as turnover has increased in recent years, holding onto experts in the field is difficult. However, those who have a dental practice in a small community can struggle the most to hire those who have the skills to handle essential administrative tasks like billing.
Outsourcing gives your practice a much wider net to cast and catch dental professionals who specialize in this type of work. The service company has already done the hard work and recruited the best of the best for you!
Lower Overhead Costs
Although your front desk team is important for your dental practice’s success, it can also cost you a considerable amount of money. Having an in-house billing expert will require you to pay a salary, but the fee for an outsourced team is significantly less. Also, like it or not, it takes time to train and provide workers with the supplies and support they need to do their jobs—all of which can add up to quite a financial burden on top of the salary and employment benefits themselves.
When you pay a company designed to manage these tasks, you can trust that their employees already have the training, software, and equipment they need to carry out their work. As a result, you don’t have to invest funds in building up their expertise. Outsourcing allows you to enjoy top quality immediately at a more affordable price.
Streamlined Operations
Working with people who already know what they’re doing can help your in-office team work more efficiently. In addition, if payments come through on time from insurance companies, you can make smarter business decisions like hiring an associate, expanding your team or office, acquiring new technology, and so forth. In other words, you and your team can spend time on other necessary tasks and be more productive, which only helps your practice’s bottom line both now and in the long term.
Don’t let the stigma of international outsourcing keep you from an opportunity to make your dental business better. With this type of outsourcing, you can keep valuable jobs in the United States and keep costs down in your small business.
About Dental Support Specialties
Dental Support Specialties is based in Ohio and has provided remote support for dental practices around the US since 2008. Our team members are fully trained and have years of experience. Offering services like call answering, insurance verification, and billing, we can help you get the revenue you deserve as well as run your practice as efficiently as possible. Would you like to talk to us about how we can assist your small business? Contact us today!