Dental Insurance Terminology - Most important terms you need to know for Daily office management
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- čas přidán 31. 05. 2024
- Learning the basic dental insurance terminology and the most important terms for daily dental office management - is paramount to understanding how dental practices generate revenue and how profit is calculated.
If you’re part of the administrative team in a dental practice, or maybe you’re the doctor getting in to practice ownership - this video is going to be super helpful for you in understanding important dental terminology such as Gross production, Net Production, Adjustments, Collections, Write-offs, In-network vs out of network, deductible, copays, etc.
This is NOT meant to be a comprehensive video on ALL the insurance terminology - although I'll cover a few that you'll need to know to understand how things fit together.
WHO AM I:
I'm Nilay, a Dentist and a software developer living in NY. I work part time in my dental practice, which I started from scratch in 2013. I've been writing inconsistently (www.dentalstartupacademy.com) of my journey in my startup practice since 2015. I've recently taken interest in creating videos because I love talking about all things dental business related.
In 2021, along with my brother (who's also a software developer), we launched our very own SaaS (Software as a Service)- Teamio!
Teamio makes it easy for Open Dental practices to manage the day to day tasks for teams(teamio.app).
Website: www.dentalstartupacademy.com
0:00 Introduction
0:45 Why You Need to understand Dental Terminology
1:25 In vs Out-of-Network
1:44 In-network Example
2:35 Out-of-Network
3:00 Out-of-Network Example
3:26 Gross Production
3:57 Net Production
4:20 Write-offs
4:36 Collections
4:54 Deductible
5:14 Calculating Patient Co-pay
6:00 Adjustments
7:06 Putting it all together - Example Appointment Schedule
I really want to thank you for all your knowledgeable videos on dental practices!! You have no idea how informative your videos are for providers like me who know nothing but just clinical dentistry. Its absolutely wonderful what your doing and thank you for teaching us and sharing your valuable knowledge, God bless you doc!!
Thank you Dr. Pasha for your feedback. Glad you found the video useful! Keep tuning in for more!!
yup, exactly what he said!!!!
Thank you! Please support the channel and subscribe if you haven’t already 🙏
Thank you for all of this! I was a dental assistant a few years ago and now was asked to be office manager. I know nothing about dental insurance 😅
Keep tuning in! I will be uploading more videos eventually!
Dude… your content is awesome. I know your audience may not be massive but the product you’re putting out is incredible. So grateful for these videos as I’m starting up a practice.
Thank you @houstonbrice12 Appreciate your feedback! Make sure to stay on my newsletter from the blog. What do you want to know more of??
Thank you, this helped me a lot!
Glad you found it useful!
very informative video! I am subscribed!
Glad you found it useful Kishan! There’s part 2 to this, and will be coming shortly!
Thank you for yoir video. Very informative
I’m glad you found it helpful! Thanks for the feedback 🙏
What do you do with a writeoff? Do you write it off as a tax credit?
Writeoff is in the form of a discount you may offer to a patient, but it’s usually used to refer to insurance reimbursements. It cannot be used to write it off as a tax credit since it isn’t an expense that you’re incurring. What I mean by that is, write off isn’t something that would show up as an expense on a Profit & Loss statement. Hope this makes sense!
@@nilaygshah thank you!