Dentaltown May 2021 - 57

continuing
education

SAMPLE DENTAL FINANCIAL
COORDINATOR EMPLOYMENT AD
We are looking for a dental financial coordinator to join our team. A minimum of 3 years
of experience is required. The ideal candidate must have knowledge of dental billing, good
communication skills, knowledge of dental terminology and ability to multitask. Duties include
but are not limited to: presenting treatment plans, making payment arrangements, entering
payments in the software, closing out the day, preparing bank deposits, sending statements
and calling on past-due accounts. Some knowledge of dental insurance billing and working with
third-party finance companies such as CareCredit is preferred.
Competitive compensation will be based on qualifications and includes competitive hourly
rate, vacation, paid holidays and medical insurance.

Statistics kept and reported monthly
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The financial coordinator position is responsible for tracking the following:
Total office collections: Goal is 98%.
Total A/R balance: Goal is less than one month's production.
Dollar amount over 30 days due.
Dollar amount over 60 days due.
Dollar amount over 90 days due: Goal is less than 12% of total A/R.
Number of calls made to collect on past-due accounts.

Establish financial policies
As you are developing the role of a financial coordinator and filling the position, you need to
create your financial policies. This will reduce a lot of stress and help keep the practice financially
secure. When deciding on your financial policies, keep them simple and easy to follow. Keep in
mind that they need to align with the demographics of your practice.

Some common financial options are:
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Cash practice: Patient pays in full
up front before scheduling.
Patient pays a 25%-50% deposit
before scheduling, balance due
on appointment date.
Collect copay, file insurance and bill
patient for any balance after insurance pays.
Third-party financing.
Allow patients to provide a credit card
for approved monthly payments.
In-house financing.

Some practices offer discounts to
noninsurance patients, such as:
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5% senior citizen discount.
5% discount for payment before
the day of the appointment.
Whitening programs.
New patient programs.

dentaltown.com \\ MAY 2021

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Dentaltown May 2021

Table of Contents for the Digital Edition of Dentaltown May 2021

Dentaltown May 2021 - Intro
Dentaltown May 2021 - Cover1
Dentaltown May 2021 - Cover2
Dentaltown May 2021 - 1
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Dentaltown May 2021 - Cover3
Dentaltown May 2021 - Cover4
Dentaltown May 2021 - Outsert_SI1
Dentaltown May 2021 - Outsert_SI2
Dentaltown May 2021 - Covertip_SM1
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