A July 14 webinar will provide information dentists and their team members need to reduce practice overhead costs by using electronic funds transfer to receive claim payments from dental plans.
Decreasing Costs and Improving Efficiencies in Your Practice is Easy as EFT will broadcast live at noon CDT. It is worth one hour of continuing education credit.
Health care EFT was introduced in 2013 to reduce administrative cost and improve payment flow for health care providers, including dentists. Electronic claim payments represented almost 75% of all claim payments in medicine in 2020, while only 20% of all claim payments in dentistry were electronic.
The webinar will highlight data from the CAQH Index, which annually tracks dental plan and dentist adoption of fully electronic administrative transactions, as well as results from a private dental practice that uses electronic claim payments, to demonstrate how electronic funds transfer benefits dental practices and how easy it is to get started.
Webinar participants will learn:
• How to effectively implement EFT into their practice’s daily reimbursement posting and reconciliation.
• How EFT can positively impact a typical dental practice's revenue cycle.
• How EFT enables secure and rapid receipt of claim payments directly to the dentist's bank account.