Strategies in Debt Recovery – Proven methods to maximize dental patient collections and reduce cost & overhead.
The Consumer Financial Protection Bureau holds dental practice owners accountable for the actions of third-party service providers. Consumers have filed more complaints with the CFPB against collection agencies than any other business, product or service!
In the face of increasing regulatory complexity and enforcement, one ignores compliance risk at one’s own peril.
Attendees Learned:
How to collect more money and increase cash flow with less effort
The Keys to maintaining diplomacy with patients during the collections process
How to automatically identify overdue accounts for follow-up
How to launch a flexible collection program, which allows dental practice owners to modulate how assertive an approach to take
and
Ways To validate if your practice management systems are compatible with effective
cash flow management.
The webcast, which presented a singular opportunity to hear from two seasoned professionals about how to address these and other pressing issues in the critical dental practice areas of collections and cash flow, and which demonstrated how to boost dental team morale by automating challenging systems while also boosting practice profitability, was presented by David Wiener and Felton Lewis.
David Wiener (aka “Mr. Cash Flow”), is the CEO of Cash Flow Strategies, Inc. David has assisted practices and businesses across the US to maximize their cash flow. Since 2008, he has also provided practices a unique service designed to automate and streamline their accounts receivable follow-up and collections.
Felton Lewis is Founder of Lab References, a Disabled Veteran Owned Business. Lab References Advisory Group partners with businesses of all sizes to accelerate the recovery of past due collections.
The presenters are uniquely positioned to offer dental practices insight into the ‘fourth C’ of the oral systemic practice model that Fourth C being, after Clinical, Collaborative, and Communication, Cash Flow. The oral systemic practice must achieve and maintain a firm grip on cash flow because the more elective procedures one offers, the more essential to success cash flow management becomes.