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Transforming Accounts Receivable into Cold, Hard Cash for Your Practice

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Manage episode 371673469 series 1336774
Content provided by Sandy Pardue and Michael Arias. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sandy Pardue and Michael Arias or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Sponsors: Do you need a new website or marketing agency? Check out what Docsites can do for you: https://www.docsites.com/landing-pages/ddb/

On this week's Dental Drill Bits episode we're uncovering the crucial topic of turning your accounts receivable into actual cash.

Join us while we discover the key strategies to boost your practice's cash flow, such as aiming to collect 40% to 45% of payments over the counter when patients are in your practice. Learn the important distinction between financial arrangements and treatment plans, and how a knowledgeable team that is comfortable discussing finances can make a significant difference. We discuss why it's so important to regularly pull reports for your practice's financials and accounts receivable, and explore the benefits of implementing a clear financial policy to eliminate decision fatigue among your team members.

Tune in now to maximize your practice's financial success!

Sign up for the Scheduling Academy here! https://classicpractice.com/academy-for-scheduling-excellence-registration/

  continue reading

151 episoade

Artwork
iconDistribuie
 
Manage episode 371673469 series 1336774
Content provided by Sandy Pardue and Michael Arias. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sandy Pardue and Michael Arias or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Sponsors: Do you need a new website or marketing agency? Check out what Docsites can do for you: https://www.docsites.com/landing-pages/ddb/

On this week's Dental Drill Bits episode we're uncovering the crucial topic of turning your accounts receivable into actual cash.

Join us while we discover the key strategies to boost your practice's cash flow, such as aiming to collect 40% to 45% of payments over the counter when patients are in your practice. Learn the important distinction between financial arrangements and treatment plans, and how a knowledgeable team that is comfortable discussing finances can make a significant difference. We discuss why it's so important to regularly pull reports for your practice's financials and accounts receivable, and explore the benefits of implementing a clear financial policy to eliminate decision fatigue among your team members.

Tune in now to maximize your practice's financial success!

Sign up for the Scheduling Academy here! https://classicpractice.com/academy-for-scheduling-excellence-registration/

  continue reading

151 episoade

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