Increasing collections for your dental practice is crucial to financial sustainability. When collections decrease as a percentage of production, cash flow suffers.

A recent dental practice management update from Transitions Consulting Group suggests five ways to increase collections. One is linked to collecting outstanding patient debt. Take a step today by running a computer AR aging list by name, time frame and amount and plan a sequence to collect the largest amount owed, longest time frame over 120 days. Make contact, verbally request immediate payment of a portion and follow up with a three-step contact to collect the balance. Don’t forget to include brightly colored DUE DATE stamps on statements to patients, using their preferred method of communication.

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