This advanced course is designed to provide participants with a greater understanding of Power Practice. We will provide instruction on processing insurance payments, understanding insurance reports, treatment proposals, managing planned treatment, managing recalls, processing held payments, adjustments, using the accounts receivable manager, practice analysis reporting, and custom reports.
|1. to provide participants with a greater understanding of Power Practice|
|2. to provide instruction on processing insurance payments|
|3. to provide greater understanding of insurance reports|
|4. to better manage recalls|
|5. to run a more efficient office using the accounts receivable manager|
1. Understanding Insurance Policies
Setting up insurance policies correctly is one of the most important tasks to be mastered. It is the foundation for good financial management. In Power Practice, it is the combination of three pieces of information that creates a unique policy: Employer Name, Insurance Company, and Group Policy Number. Based on this principle, once a unique policy is created, it is then available in the system to be added to other patients who have identical insurance policies. It is important to note that future changes to the parameters of the policy will affect all families that share the same policy. This can be a time saver for your office. Note: All policies are added in the same way. It doesn’t matter if they’re primary or secondary.
2. Treatment management
The Treatment Proposal module can be used for treatment options. Treatment proposals can be created from within the Odontogram or from the Treatment Proposals module. The Proposals are generally used to put in treatment options when patients are unsure of which treatment plan they are going to choose but can also be used for all treatment that requires an estimate, pre-authorization, or consult.
3. Recall Lists
Keep up on patients with a plan that allows reoccurring recalls. Create a recall list for those patients due the next month.
An insurance underpayment can occur if the splits were predicted incorrect and the insurance is covering less than initially calculated. If there is an underpayment, the software will notify you and give the option to Transfer Balance.
When Insurance has accidentally overpaid and they want the payment back, you would use a BID-Bulk Insurance Debit adjustment.
6. Managing Financials
There are specific processes and reports that should be run monthly to help you manage your production and collections.
All about the Info Manager