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Are you collecting monthly payments on your membership plans?Have you ever wondered where to put those monthly payments andhow they affect the ledger? Many offices adjust production and/or collections off to $0 when a patient receives included benefits. This isn’t accurate and can cause issues within a practice. KPI’s are inaccurate, provider compensation can be affected, and a good office manager or accountant knows you should not be adjusting services to zero if you’ve previously collected the revenue. Revenue received should match services rendered and any discrepancies between the two would be a real adjustment.
However, what seems to be the norm, is membership revenue is received and recorded with no match for included benefits. Later, when included membership services (exam, cleaning, x-rays) are received, they are adjusted to $0 on the patient ledger. The services of an exam, cleaning, and x-rays aren’t “FREE”, they have been paid through a membership plan instead of paid at time of service.
The Dental Menu software has been engineered to fix this issue as well as many others. Schedule a demo today to see how Dental Menu can solve your membership accounting debacle. All AADOM members who complete a demo in August will receive a FREE $50 Amazon Gift Card. Use Code AADOM9-22 when you schedule.
