3 Things To Ask When Selecting A Merchant Service Provider

Choosing the right Merchant Services Provider can be a daunting task. To help make things a bit easier we wanted to give you a list of topics you should cover with anyone you are talking to about purchasing merchant services. We talked to Sahand Moussavi, PayConnect Portfolio Manager at DentalXChange and asked him “What are the top three things people should look for when selecting a Merchant Service Provider?”

He gave us 4, because he’s cool like that. 

1. Features & Capabilities: “Making sure your merchant service provider has the technical capabilities that suits your office is crucial. It is not just simply about processing a credit card anymore. Many other features are now available to help run your business more efficiently. Some of these capabilities including emailing receipts, automated recurring transactions, credit score checks, electronic signature capabilities and EMV Chip transactions. Also, your provider should also be integrated with other software and companies, combining the best of both worlds. Regarding dental practices in particular, they should definitely choose a provider that has the ability to do Automated Recurring Transactions & credit score checks. Dental offices set many of their patients up on payment plans, so a recurring billing service plus a credit check service is crucial to ensure you can extend credit at a low risk.”

2. Customer Service: “Customer Service is often overlooked in merchant services, but it is important to choose a provider that has personal customer service and doesn’t force you to get your support from an automated service. Customer service begins right when you sign the contract. Since ALL merchant service providers are essentially a middleman between the merchant and the card brands (Visa, MasterCard, etc.), transparency is very important. A clear and easy to read merchant processing application is a good sign that the service will be good. It is important to have access to 24/7 live support, as dealing with financial transitions can sometimes be an urgent matter. Having personalized customer service is very helpful as a team that is familiar with your account and how it’s set up will make it much less likely for mistakes, and will streamline any changes you want to make.”

3. Pricing: “Pricing is another important factor when it comes to deciding your merchant provider. You want to make sure that the provider offers various pricing models. Different business types use various processing methods and some pricing models will work better for you than others. The card brands charge fees themselves, called Interchange Fees. These fees vary depending on business types as well, so you want to make sure your business is placed in the right category with your provider so you’re getting charged the right fees. Also, your merchant processing application should display any possible fee/rate/charge you might encounter. So once again, make sure your application shows everything when it comes to fees and rates.”

4. PCI & Security Standards: “Being a merchant, you are going to deal with sensitive card information. It is imperative you check the system and training you have been provided are in accordance with Payment Card Industry Rules (PCI). You should ask your provider right away if they are compliant with PCI rules and make sure you are familiar with how their system treats sensitive data. All merchant service providers are required to become PCI Compliant. PCI Compliant Level 1 is the highest level of PCI privacy and security recognized by the PCI Security Standards Council and you want to use a provider who has reached this level.”

If you have any other questions or would like to have your current Merchant Account looked at, give us a call at (800) 576-6412 ext. 473. Sahand, or one of our other PayConnect representatives will make sure you are not being over charged and you are getting the most out of your merchant services.

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DentalXChange at CDA Presents Anaheim, May 4-6 2017

We could not be more excited to attend CDA Presents Anaheim 2017. We are always excited to see old friend and make new ones, but this year we have something BIG to share with all of you.

The release of our new Attachment Service for ClaimConnect!

Our new service will save hundreds of hours by allowing dental providers to attach supporting documents (e.g. x-rays, periodontal charts, EOBs, narratives) that may be required by an insurance company to adjudicate a claim, directly through your ClaimConnect account.

Now, we have a single software system for creating claims and attaching documents, resulting in improved efficiency for both providers and payers.

Features include:

  • System Notifications

Alerts notify the user when an attachment is required, increasing speed and reducing errors on the provider’s side, which it-turn decreases follow-up time with insurance companies.

  • Optimized Image Tools

DentalXChange’s attachment software offers highly functional image tools including high-quality image resolution, and the ability to rotate, zoom, and change image brightness and contrast to better examine attachments.

  • Fully Customizable Platform

The attachment service can be customized and integrated into Practice Management Systems, giving providers the flexibility to personalize the software to their needs.

  • Secure Archive

Payers and providers can view submitted claims and attachments in a secure online archive at any time.

  • Low Cost, Contract-Free Structure

DentalXChange’s attachment service does not require a contract. Payers and providers have the flexibility to sign up for the service on a monthly basis. While many attachment services charge users upwards of $450 annually, DentalXChange offers its attachment service at a price of $25 per month ($300 annual).

All of our innovative products and services have been designed to help dentists run their practice in a more efficient and cost effective manner. Our services are so renowned that the California Dental Association has endorsed us for 6 straight years!

 

Our booth will be located at #703. Visitors can find out how much time and money they can save by switching from paper to EDI. Plus, when you sign up for one of our paid services at the convention, we’ll give you a 19” Disney character plush toy. The perfect souvenir from Anaheim, California!

 

Snapper Chomp

We will feature some other cool giveaways like Snapper plush dolls, Snapper Chomps, DentalXChange note pads and DentalXChange pens.

 

 

If you are a current client, come by, meet our staff and get a Snapper pin to show how much you love our services. So if you are coming to CDA Presents Anaheim, download the CDA app, find our booths, stop by and say hi!

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Filed under Attachments, California Dental Association, CDA Presents, ClaimConnect, Claims, dentalxchange, E-Claims, EDI Claims, Electronic Claims

DentalXChange Announces New Completely Integrated Attachment Service for ClaimConnect

facebook_attachment2_1200We are proud to announce our electronic claims attachment service is now completely integrated with ClaimConnect.

DentalXChange Attachment Service allows providers to electronically attach x-rays, periodontal charts, EOBs, narratives and any other documentation required by a payer to adjudicate a dental claim without having to use a third party application.

“Our goal in designing our attachment solution is to improve administrative efficiencies and control costs for payers and providers,” explained Scott Wellwood, President of DentalXChange. “By using one service to send claims and associated documentation, providers will simplify the claims cycle and expedite reimbursements.”

DentalXChange Attachment Service will allow providers to submit electronic attachments along with the claim, directly to Payers like Cigna, MetLife, UnitedHealthcare, among many others.

Along with sending solicited attachments without third party software, other features of the service include customizable attachment rules, attachment alerts and an online attachment archive.

“We want to empower our clients with services that perform at the highest level for less cost. We feel we have done that once again with DentalXChange Attachment Service,” he added.

To learn more about this innovative service, please call 800-576-6412 Ext. 455 or click here.

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Filed under Attachments, ClaimConnect, Claims, Dental EDI, Dental Office, dentalxchange

DentalXChange at CDA Presents San Francisco and AADOM’s 12th Annual Office Manager Conference in Boca Raton, FL.

CDA SF 2016

CDA San Francisco 2016 September 8th – 10th

We will be at CDA Presents San Francisco next week!

We look forward to this convention every year and next week we will be there to show everyone attending why DentalXChange is the premier clearinghouse for the dental industry.

Because they were so popular, once again this year we will be giving away our wine accessories kit to anyone who signs up for one of our paid services. This kit will help you open all those delicious wines San Francisco has to offer.

We will also have Snapper plush dolls, DentalXChange pens and Post-it notes to hand out. If you are a current client, come by, meet our staff and get a Snapper pin to show how much you love our services!

You’ll find us at booth #702

 

AADOM 2016

AADOM’s 12th Annual Office Manager Conference in Boca Raton September 15th – 17th

If you are a dental office manager heading to Boca for AADOM 12th Annual Office Managers Conference we’ll be there too! We’ll also have some cool things to hand out, so stop by booth #216  and say hi!

 

Whichever conference you may be attending this September, be sure to come by to see how our innovative products and services help dentists run their practice in a more efficient and cost effective way. We’ll help you cut down on paper usage, save time and most importantly, save money! Our services are so renowned that the California Dental Association has endorsed us for 6 straight years!

We look forward to seeing all of you soon!

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Filed under AADOM, California Dental Association, CDA Presents, ClaimConnect, Claims, Customer Service, Dental Office

The Need For Credit

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In today’s economic climate, the need for dental practices to extend credit to prospective patients is a necessity. With the rising cost of healthcare across the board, most patients just cannot afford to pay for their treatment in one lump sum. So they will look for a dental practice that will extend them credit to pay over time.

Unfortunately, according to a report from the Corporation for Enterprise Development, “56% of consumers have subprime credit scores. Meaning they are unable to take advantage of the best, or even average interest rates if they need to borrow money.” So where does that leave your practice? Do you blindly extend credit on faith, hoping you’ll eventually see your return?

The good news is you don’t have to with our new Patient Credit Score Services.

This innovative service provides you and your staff with the financial data needed for making in-house credit decisions. Powered by TransUnion, you’ll get a synthesized report featuring a FICO score and the healthcare-specific metrics you need to get a more complete picture of your patient’s financial situation, right at the point of service.
Here are the great ways this service is designed to help make better in-house decisions:

  • Improve financial counseling with easy to read Decision Messages, which help staff with in-office credit determinations.
  • Expedite the registration process and improve revenue recovery through self-reported data that is quickly verified.
  • Reduce fraud and identity theft through five standard alert messages, including Red Flags.
  • Review the patient’s available credit and TransUnion New Account score, which are compared against pre-set thresholds to help optimize your collections processes.
  • Improve your charity care determination process and reduce bad debt by comparing the patient’s Federal Poverty Level (FPL) % estimate, which is compared against financial aid thresholds.
  • Makes soft inquiry on a patient’s credit, which will not affect their credit score.

Patient Credit Score Services will help your practice make objective, ability-to-pay decisions and ultimately help you collect on services rendered.

Improve your financial counseling and collection with DentalXChange!

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Filed under Financial Assessments, PayConnect, Uncategorized

DentalXChange at CDA Presents Anaheim 2016

What will you discover?

CDA Ana 2016

CDA Presents Anaheim is all about helping the California dental community find new and innovative ways to improve the industry. It is one of the most anticipated dental conventions in the U.S. and is one we look forward to every year. Next week, May 12th through the 16th, we will be there to help everyone discover why DentalXChange is the leader in EDI solutions for the dental industry.

Our innovative products and services have been designed to help dentists run their practice in a more efficient and cost effective manner. We help dental practices cut down on paper, save time and most importantly, save money. Our services are so renowned that the California Dental Association has endorsed us for 6 straight years!

Disney Plush ToysOur booth will be located at #703. Visitors can find out how much time and money they can save by switching from paper to EDI. And, when you sign up for one of our paid services at the convention, we’ll give you a 19” Disney character plush toy. The perfect souvenir from Anaheim, California!

We will feature some other cool giveaways like Snapper plush dolls, DentalXChange note pads and DentalXChange pens.

photoIf you are a current client, come by, meet our staff and get a Snapper pin to show how much you love our services. If you refer another practice, you’ll be eligible to receive a $25 American Express gift card.*

So if you are coming to CDA Presents Anaheim, download the CDA app, find our booths, stop by and say hi. We love to meet our current clients and discover new friends!

*One gift card per office location. Account must stay active for 30 days without cancellation. DentalXChange will mail your gift card within 45 days of activation. 

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Filed under California Dental Association, CDA Presents, ClaimConnect, Customer Service, dentalxchange, E-Patient Statements, EDI Claims, Uncategorized

DentalXChange Selected To Provide All Payer Portal For Humana

DentalXChange has announced a partnership with Humana Inc. (NYSE: HUM) to launch a co-branded online portal supporting electronic data interchange (EDI) for the dental community.

Better Solutions for your Practice!

DentalXChange has designed and will operate the insurance company’s All Payer Dental Portal, allowing Humana’s dental providers to securely file insurance claims and conduct insurance-related transactions.

Scott Wellwood

“Our goal in supporting Humana’s All Payer Portal is to improve utilization management and increase administratice efficiencies” Scott Wellwood 

“Our goal in supporting Humana’s All Payer Portal is to improve utilization management and increase administrative efficiencies for providers,” explained Scott Wellwood, President of DentalXChange. “By increasing the speed at which providers of dental care can gather and utilize insurance information, we will be helping to improve the overall healthcare experience for patients, while accelerating revenue cycles for each of Humana’s dental providers.”

Through the portal, providers will have the opportunity to interact more directly with Humana, completing all dental EDI transactions at reduced or no cost. Features include the submission of claims and predeterminations, checking patient eligibility and benefits, obtaining the status of claims and receiving remittance information to balance claim payments. Transactions can be conducted directly on ClaimConnect or through integration with popular dental software programs.

“Humana is one of the nation’s leading health and well-being companies,” Wellwood said. “We look forward to working with Humana to further streamline the company’s EDI processes and reduce costs for their providers.”

“DentalXChange’s EDI tools will help empower Humana’s dental providers with the ability to eliminate paper and manage their entire revenue cycle, from eligibility verification before a patient’s visit, through the receipt of the electronic remittance advice and payment,” he added.

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Filed under California Dental Association, ClaimConnect, Claims, Dental EDI, E-Credentialing, EDI Claims, Humana, Uncategorized