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0815 The Business of Dentistry: Financial Management for the Dental Office (AGD 552)

0815 The Business of Dentistry: Financial Management for the Dental Office (AGD 552)

0815 The Business of Dentistry: Financial Management for the Dental Office (AGD 552)

Natalie Kaweckyj, LDARF, CDA, CDPMA, COMSA, COA, CPFDA, CRFDA, MADAA, BA
Natalie Kaweckyj, LDARF, CDA, CDPMA, COMSA, COA, CPFDA, CRFDA, MADAA, BA
on behalf of American Dental Assistants Association

$ 63.00 $ 63.00 $ 63.00

$ 63.00 $ 63.00 $ 63.00

$ 63.00 $ 63.00 $ 63.00
$ 63.00 $ 63.00 $ 63.00
Normal Price: $ 63.00 $ 63.00

Review:

Launch date: 08 Aug 2016

Expiry Date: 31 May 2018

Last updated: 28 Apr 2017

Reference: 164650

$ 63.00 $ 63.00 $ 63.00
$ 63.00 $ 63.00 $ 63.00
0815 The Business of Dentistry: Financial Management for the Dental Office (AGD 552)
Exam is embedded in the course
No Exam Available

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Course Availability

This course is only available to trainees days after purchase. It would need to be repurchased by the trainee if not completed in the allotted time period. This course is no longer available. You will need to repurchase if you wish to take the course again.

Description

The administrative assistant plays a key role in the smooth operation of any dental practice. How a dental practice receives money for services rendered and makes payment to outside entities is the focus of this course. After completing this course the administrative assistant will be able to apply standard financial procedures to any dental practice.

Objectives

Upon completion of this course, the dental professional should be able to:
Objective 1:
Define and understand HIPAA.
Objective 2:
Describe what HIPAA requires.
Objective 3:
Discuss how protected health information can be recognized.
Objective 4:
Identify situations in which information can be disclosed without consent.
Objective 5:
Describe penalties for HIPAA noncompliance.
Objective 6:
Identify instances when a parent of a minor may not have access to health information.
Objective 7:
Identify individuals considered business associates under HIPAA.
Objective 8:
Explain how to create or maintain financial arrangements with patients or the responsible party.
Objective 9:
Demonstrate how to maintain patient account records including a record of all charges, payments, and adjustments to the account.
Objective 10:
Understand why patients should be provided with a receipt or walkout statement.
Objective 11:
Verify day-end totals for all charges, payments and account adjustments.
Objective 12:
Show how to prepare a daily bank deposit of all receipts.
Objective 13:
Verify that daily totals have been accurately carried over to the monthly summary.
Objective 14:
Explain how to generate patient account statements on a regular basis.
Objective 15:
Demonstrate how to prepare and verify month-end accounts receivable and related management reports.
Objective 16:
Explain how to handle delinquent accounts.
Objective 17:
Understand and describe the different methods of third-party payments including: UCR, schedule of allowances, DMO, HMO, IPA, PPO, direct reimbursement and capitation programs.
Objective 18:
Understand and be able to explain insurance coverage to a patient and formulate financial arrangements accordingly.
Objective 19:
Demonstrate how to prepare and submit pre-treatment estimates and claims to third-party carriers.
Objective 20:
Explain how to follow-up on delayed, lost, and/or rejected third-party claims.
Objective 21:
Explain how to determine eligibility of benefits.
Objective 22:
Describe the birthday rule.
Objective 23:
Give an example of an alternative benefit policy.
Objective 24:
Explain dual coverage, primary and secondary carriers.
Objective 25:
Give an example of a non-duplication of benefits scenario.
Objective 26:
Understand the CDT code categories.
Objective 27:
Describe advantages of electronic claims submission.
Objective 28:
Understand the difference between release of information and assignment of benefits.
Objective 29:
Explain what a pre-treatment estimate is, and what factors can affect the estimate.
Objective 30:
Give examples of reports for tracking claims.
Objective 31:
Identify key information on an EOB.
Objective 32:
Understand what actions can constitute fraud.
Objective 33:
Understand how to differentiate between invoices and statements.
Objective 34:
Demonstrate how to verify a packing slip.
Objective 35:
Describe how to manage expense records by appropriate categories.
Objective 37:
Discuss how to balance a checkbook.
Objective 38:
Explain how to reconcile bank statements.
Objective 39:
Discuss how to manage the petty cash fund.
Objective 40:
Explain what information is required for payroll deductions.
Objective 41:
Explain how long payroll records should be maintained for tax and government purposes.
Objective 42:
Explain how to establish and maintain an inventory system to assure adequate quantity of supplies in the most cost-effective manner.
Objective 43:
Demonstrate how to determine the reorder point and reorder quantities of consumable supplies.
Objective 44:
Explain how to order supplies in accordance with practice policies.
Objective 45:
Discuss the different types of inventory systems.
Objective 46:
Differentiate between expendable, non-expendable and capital items.
Natalie Kaweckyj, LDARF, CDA, CDPMA, COMSA, COA, CPFDA, CRFDA, MADAA, BA

Author Information Play Video Bio

Natalie Kaweckyj, LDARF, CDA, CDPMA, COMSA, COA, CPFDA, CRFDA, MADAA, BA
on behalf of American Dental Assistants Association

Natalie Kaweckyj, LDARF, CDA, CDPMA, COMSA, COA, CPFDA, CRFDA, MADAA, BA has worked in the dental assisting profession administratively, as a clinician, and as an educator. She is currently a Licensed Dental Assistant in Restorative Functions, Certified Dental Assistant, Certified Dental Practice Management Administrator, Certified Orthodontic Assistant, Certified Oral & Maxillofacial Surgery Assistant, Certified Preventive Functions Dental Assistants, Certified Restorative Functions Dental Assistants, a Master of the American Dental Assistants Association, and holds several expanded function certificates. Natalie graduated from an ADA accredited dental assisting program at ConCorde Career Institute and graduated with a BA in Biology and Psychology from Metropolitan State University. She is currently pursuing her Master’s in Public Health with a focus on epidemiology through Independence University. Natalie is currently serving as ADAA President-Elect. She has served in many capacities at the local and state levels of her state association, and is a past ADAA President in 2010-2011, past Seventh District Trustee, and past Director to the ADAA Foundation. In addition to her association duties, Natalie is very involved legislatively with her state board of dentistry and state legislature in the expansion of the dental assisting profession, the MN RDA Exam Committee in Expanded Functions, is an advisory board member to the Century College Hygiene Department. Natalie is also affiliated with OSAP, the National Association of Dental Assistants, and the American Association of Dental Office Managers. She has authored several other courses on a wide variety of topics for the ADAA and is a speaker on dental topics locally and nationally.

Acknowledgement of Contributing Authors
Wendy Frye, CDA, RDA, MADAA, currently lives in St Louis, Missouri where she is a chairside dental assistant and implant treatment coordinator in a periodontal office. She is a Certified Dental Assistant, Registered Dental Assistant and Master of the American Dental Assistants Association. Wendy graduated from the ADA accredited dental assisting program at Kirkwood Community College in Cedar Rapids, Iowa.

Wendy has served in many various capacities on the local and state levels of the Iowa and California Dental Assisting Associations.

Lynda Hilling, CDA, MADAA, lives in Billings, MT. She is a Certified Dental Assistant and has been employed in the private practice of Michael W. Stuart, DDS for the last ten years as a chairside assistant. Lynda began her dental assisting career as an on the job trained assistant and then challenged the CDA exam in 1999. Lynda is a Master in the American Dental Assistants Association. Lynda has served on the Executive Board of the Montana Dental Assistants Association including the Presidency.

Lisa Lovering, CDA, CDPMA, MADAA, is a Certified Dental Assistant and a Certified Dental Practice Administrator and is employed chairside in the private practice of Michael W. Stuart, DDS. Lisa began her dental assisting career as an on the job trained assistant, and then challenged the CDA and CDPMA exams.

As a member of the American Dental Assistants Association, Lisa has received her Mastership. Lisa has served on the Montana Dental Assistants Association Executive Board including the Presidency.

Linette Schmitt, CDA, LDA, MADAA, is a graduate from the ADA accredited dental assisting program at Hibbing Community College. Linette currently works as a chairside assistant in a large group practice. She is a MN Licensed Dental Assistant and a Certified Dental Assistant, and is also certified to administer nitrous oxide analgesia and place gingival retraction cord. She is a member of the American Dental Assistants Association, and holds an ADAA Mastership.

She has served in many capacities at the local and state levels of her association, and has previously served as ADAA Seventh District Trustee. Linette is legislatively involved with the MN Board of Dentistry’s Policy Committee.

Wilhemina R. Leeuw, CDA, BS, is a Clinical Assistant Professor of Dental Education at Indiana University Purdue University, Fort Wayne. A DANB Certified Dental Assistant since 1985, she worked in private practice over twelve years before beginning her teaching career in the Dental Assisting Program at IPFW. She is very active in her local and Indiana state dental assisting organizations. Prof. Leeuw’s educational background includes dental assisting—both clinical and office management, and she received her baccalaureate degree in Organizational Leadership and Supervision

Current Accreditations

This course has been certified by or provided by the following Certified Organization/s:

  • Academy of General Dentistry (PACE)
  • 4.00 Hours -
    Reference number: AGD 552

Faculty and Disclosures

Additional Contributors

Conflicts Declared

Conflicts of Interest declaration by Author:

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