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Two Key Strategies for Cost Savings

In today’s fast-paced world, staying competitive means optimizing both costs and performance. IbeX offers two clear ways to save your practice money:

Team Efficiency: By leveraging additional administrative hours, your existing team can focus on higher-value tasks that increase productivity and revenue. This is often far more valuable than simple wage savings.

Wage Reduction: Automation reduces the need for extra administrative staffing hours, cutting down payroll expenses without sacrificing performance.

Two Key Strategies for Cost Savings

In today’s fast-paced world, staying competitive means optimizing both costs and performance. IbeX offers two clear ways to save your practice money:

Team Efficiency: By leveraging additional administrative hours, your existing team can focus on higher-value tasks that increase productivity and revenue. This is often far more valuable than simple wage savings.

Wage Reduction: Automation reduces the need for extra administrative staffing hours, cutting down payroll expenses without sacrificing performance.

Team Efficiency

Revenue Cycle Management:
An optimized billing process that includes timely insurance verification, prompt claim submission, and accurate denial appeals can improve collections by 10-15%. Additional staff hours allow these tasks to be handled more effectively, reducing overhead costs while increasing the insurance collection rate.
(Opencare)
(AEIS Dental Network)

Improved Patient Flow and Scheduling
Efficient appointment management, such as confirming follow-ups before patients leave, reduces no-show rates and maximizes appointment utilization. Practices implementing these strategies often experience a 10-20% increase in patient throughput, directly translating to higher revenue.
(Method Procurement)

Patient Experience and Retention:
With more administrative hours, your team can focus on personalized patient interactions, such as follow-up calls, satisfaction surveys, and patient retention efforts. Studies show that improving patient experience can significantly boost retention rates, leading to more repeat visits and higher lifetime value per patient.

Compliance and Documentation Accuracy:
Keeping up with regulatory compliance and maintaining accurate documentation is critical in any healthcare setting. With extra admin hours, staff can ensure that all forms, charts, and records are accurately completed and filed, reducing the risk of legal or compliance issues.

50 hours of admin time / month can improve efficiency by 3-10%

50 hours (for a single-dentist practice) of additional administrative time per month provides more than payroll savings—it enhances your overall practice performance!

Team Efficiency

Revenue Cycle Management:
An optimized billing process that includes timely insurance verification, prompt claim submission, and accurate denial appeals can improve collections by 10-15%. Additional staff hours allow these tasks to be handled more effectively, reducing overhead costs while increasing the insurance collection rate.
(Opencare)
(AEIS Dental Network)

Improved Patient Flow and Scheduling
Efficient appointment management, such as confirming follow-ups before patients leave, reduces no-show rates and maximizes appointment utilization. Practices implementing these strategies often experience a 10-20% increase in patient throughput, directly translating to higher revenue.
(Method Procurement)

Patient Experience and Retention:
With more administrative hours, your team can focus on personalized patient interactions, such as follow-up calls, satisfaction surveys, and patient retention efforts. Studies show that improving patient experience can significantly boost retention rates, leading to more repeat visits and higher lifetime value per patient.

Compliance and Documentation Accuracy:
Keeping up with regulatory compliance and maintaining accurate documentation is critical in any healthcare setting. With extra admin hours, staff can ensure that all forms, charts, and records are accurately completed and filed, reducing the risk of legal or compliance issues.

50 hours of admin time / month can improve efficiency by 3-10%

50 hours (for a single-dentist practice) of additional administrative time per month provides more than payroll savings—it enhances your overall practice performance!

IbeX's savings in your practice

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info@IbexDental.Tech

(250) 207 3796