Now, more than ever, it is difficult to hire and retain experienced front office personnel. With the implementation of new health and safety guidelines, your front desk staff time is undoubtedly being spent on these important issues. You are looking for profitable and efficient ways to streamline processes in order to complete all the tasks within your practice.
Outsourcing some of your front desk functions allows you to maximize profits and efficiency to Focus On Growth.
Even though 2020 resulted in a shrinking employee base, last year did one critically positive thing for the dental field; 2020 required us to re-examine how and with whom we do business, and forced us to implement change in a time-sensitive and cost-efficient manner.
According to Dental Economics Magazine, "The main benefits of outsourcing can be narrowed down to three things: time, savings, and access to expertise."
Zuchowski, W. (2018, September). Should I outsource? If I do, to whom should I outsource? Dental Economics. Retrieved from https://www.dentaleconomics.com.
Last fall an article in Strategic Finance Magazine promoted seeking out service providers to outsource certain financial functions "...to improve process efficiency; reduce and eliminate manual processing and human error; and ensure delivery of financial reporting in an accurate and timely manner."
Lawson, R & Hatch, T. (2020, October). Preparing the finance function for technological change. Strategic Finance, 102 (4).
Dentistry iQ shared the idea of dental practices hiring a virtual CFO stating this, "Dental practices are ideal candidates for the services of a virtual CFO. If your business is ready to grow, if you’re looking to improve cash flow by determining how to better allocate and manage line items...such as accounts receivable...then you are a good candidate."
Montgomery, C. (2019, August). Growing dental practices with a virtual CFO. Dentistry iQ. Retrieved from https://www.dentistryiq.com.
When you make the decision to outsource, Virtual Dental CFO is here for you with a Focus On Growth for dental practices. Outsourcing to us is more cost-efficient for you than hiring additional staff, it saves you and your staff time, and you are hiring expertise.
Our service offering allows you to:
Outsource your bookkeeping and practice analysis process
Outsource your insurance verification process
Outsource your entire claims process
Please click on the contact us button to schedule your free consultation.
We look forward to hearing from you!