Financial Management

Financial management services play a crucial role in ensuring the smooth operation and long-term success of your practice. These services encompass a range of vital functions, including:

  • Budgeting
  • Billing
  • Revenue cycle management
  • Financial analysis

Our expert financial managers in this field are adept at navigating the complexities of insurance claims, ensuring accurate coding and billing for procedures, and maximizing reimbursements. They also create comprehensive financial plans tailored to the unique needs of oral surgery practices, considering factors like equipment procurement, staff salaries, and facility maintenance. Additionally, they keep a watchful eye on key performance indicators, enabling practice owners to make informed decisions and allocate resources efficiently.

Ultimately, these services not only contribute to the financial health of the practice but also allow practitioners to focus on providing high-quality care to their patients without the burden of financial intricacies.

Vendor Savings Example: Clinical Supplies and Services with Schein

Smart Choice helps you make strategic product selections and make sure that everything is uniform across each office for the best discounted rates. We figure out quantities purchased or projected to be purchased of each product.

In addition, we run a fully comprehensive purchasing analytics report. This will help us further streamline purchases and eliminate “waste” while also maximizing our purchasing power with specific manufacturers.

  • Custom catalog access with price contracts with each manufacturer. We negotiated the best pricing we can get.
  • 20 percent discount for standard technical service rates with no arrival fee & priority service response time.
  • Special equipment pricing on equipment and technology (manufacturer specific). 
  • We have negotiated DSO and multi-site packages and programs where we get lower wholesale pricing.
  • 25 to 40 percent discount on supplies. In order to get to the 40 percent, we strive to streamline products across NE OMS Smart Choice offices and then we are able negotiate lower wholesale pricing.