Medusind & Method: Transforming Dental RCM Together

Sustained business growth requires comprehensive dental revenue cycle management that includes these two critical steps: Control spending and collect every dollar earned.

The challenge? In today’s dynamic marketplace, independent dental practices and Dental Support Organizations (DSO) can’t do this without the help of technology. That’s why Medusind and Method Procurement Technologies, LLC (Method) have joined forces. Through strategic alignment, Medusind and Method seek to transform dental revenue cycle management and establish a new standard for dental revenue cycle management excellence.

The result? Resilient dental organizations thriving in the face of economic hardship and remaining nimble during times of transition.

What is Medusind?🔗

Medusind combines comprehensive dental revenue cycle management solutions with knowledgeable dental revenue cycle management professionals to improve the efficiency and profitability of today’s independent dental practices and DSOs nationwide. With its highly experienced personnel, cutting-edge platform, and forward-thinking approach, Medusind helps providers manage essential dental revenue cycle management processes including insurance verification, dental credentialing, fee schedule maintenance, payment posting and denial management, accounts receivable follow-up, claims clean-up, and medical dental billing.

A key feature of Medusind’s portfolio of dental RCM solutions is that they integrate with mainstream, cloud-based, or proprietary practice management software. This means dental organizations can keep the practice management software on which they depend.

What is Method?🔗

Method provides inventory management and procurement capabilities to independent dental practices and DSOs nationwide. Method acts as a marketplace where dental practices can compare supplies across all vendors. Clients can shop for supplies and can optimize their search for the lowest-cost goods, preferred suppliers, and more.

Method’s automated end-to-end procurement cycle platform allows dental providers to track and manage dental supplies, request quotes and proposals from multiple suppliers, plan and coordinate purchases from any supplier, easily record receipts for purchased items, and streamline the accounts payable process.

How Medusind and Method Enhance RCM Efficiency🔗

Together, Medusind and Method enhance dental revenue cycle management efficiency and drive business growth by:

• Demanding accountability. Method helps dental practices stay accountable to their supply spend budget. It helps track what’s purchased, where it’s at, and when to repurchase it. Similarly, with Medusind, dental providers have dedicated Medusind team members who use best practices to streamline revenue and are accountable to the dental practice for accuracy and transparency.
• Enhancing cash flow. Method ensures front-end cost containment while Medusind maximizes profit and handles back-end revenue retention, so dental providers have a steady stream of cash flow to support all business endeavors.
• Expediting and optimizing payments. Medusind follows dental revenue cycle management best practices to collect 98%+ of net production and ensure no more than three percent of a practice’s accounts receivable is past 90 days. Dental revenue cycle management experts follow up with insurance regularly, resubmit claims along with attachments (if needed), and handle denials per office protocols.
• Lowering operational costs. With Method, dental providers leverage data about their buying patterns to cut unnecessary spending and reduce overhead costs. Method gives dental providers the tools they need to easily request quotes from multiple suppliers and compare pricing to make sure they receive the best value, stay on budget, and manage price creep. In addition, dental providers can access group purchasing organizations and supplier promotions to amplify their buying power.
• Reducing the administrative burden. With Method, dental providers eliminate manual inventory systems while optimizing stock levels and leveraging competitive supplier pricing. Similarly, with Medusind, dental providers automate fee schedule updates, claim submission, insurance verification, payment posting, and more. As a result, staff spend less time on manual, repetitive tasks and more time on patient care and interactions that add value and boost patient retention. This is all great news, especially for dental organizations struggling with healthcare staffing shortages. Medusind and Method help practices do more with less.
  

When combined, Medusind and Method give today’s dental organizations the tools, insights, and operational support necessary to succeed in a dynamic environment.

Medusind and Method: A New Standard for RCM Excellence🔗

As independent dental practices and DSOs search for ways to improve efficiency and profitability, cutting-edge dental revenue cycle management technology must be part of the equation. By leveraging a digital-first approach, dental providers eliminate administrative tasks and gain data-driven insights enabling them to exceed revenue and growth targets. Contact a Business Development Specialist to learn more about how the Medusind suite of dental revenue cycle management solutions can help you grow your dental business.