Professional Business Management, Inc.

Did you know that 84% of healthcare organizations suffer financially due to outdated accounts receivable processes? Many providers depend heavily on paper statements, which slows down collections and misses the benefits of digital payments. It's time for a change. Learn how automating payment workflows can streamline operations and boost efficiency. Check it out here: #healthcarepayments #accountsreceivable https://lnkd.in/eUKccRAx

Thinking about adding a new service? By evaluating patient demand, competitive factors, and financial viability, you can make an informed choice that enhances your practice and benefits your patients. Read more 👉 https://lttr.ai/AYVeq

No matter how much patient demand exists or how well you differentiate your service, financial viability can’t be ignored. Read more 👉 https://lttr.ai/AYVOf

The last few years have been tough for the healthcare industry, including dental offices. These challenges have made revenue cycle management (RCM) from patient registration to final payment even more complex. Learn more about the impact of effective RCM and how it can improve financial health and patient care. Read the full article here: #revenuecyclemanagement #healthcare https://lnkd.in/gC_j2xFC

Finding an associate dentist who treats your practice with the same care and dedication as you do can be challenging. But it's possible to cultivate this ownership mentality with deliberate strategies. Ensure clear communication of expectations, provide autonomy, invest in continuing education, foster a supportive work culture, implement performance-based incentives, and hold associates accountable. Lead by example, and you'll inspire your associates to take true ownership of their roles. Want to learn more? Get the scoop here. https://lnkd.in/esAiAtxy

If you are beginning to save for college expenses more than a few years out, you can invest funds in the market through a taxable brokerage account. Read more 👉 https://lttr.ai/AXuPp #CollegeSavingsStrategies

The IRS recently announced major updates regarding the Employee Retention Credit (ERC). Some claims that were previously under a processing freeze will now be reviewed. They have also issued 28,000 disallowance letters to businesses with high-risk claims and plan to start paying 50,000 validated claims for this pandemic-era credit. Understanding these developments is crucial for businesses navigating the complexities of ERC claims. Stay informed and ensure your claims are accurate and compliant. Read the full article to learn more about these changes and how they might affect your business: #dentalpractices #dentalpracticemanagement https://lnkd.in/eherbJM9

To prevent any issues when executing a backdoor conversion to a Roth IRA, many practice owners will use a trustee-to-trustee transfer, where the Traditional IRA provider sends the funds directly to your Roth IRA provider. Read more 👉 https://lttr.ai/AXtzN

The challenge with tasking the front desk to collect outstanding patient balances is that it’s also a busy place – phone calls coming in, handling insurance paperwork, other paperwork, etc. Read more 👉 https://lttr.ai/AXrni

According to a recent survey, healthcare providers must excel in both digital and analog communication methods to gain patients' trust. The survey revealed that people are equally divided on whether they prefer an in-person or virtual visit for their initial consultation. Interestingly, half of the respondents prefer to schedule their appointments over the phone, while four out of ten favor online scheduling. To read the full article, click here: #healthcare #patientcare https://lnkd.in/g_rzaJmy