Resources
February 3, 2025
How IrisMed Can Help Dental Practices Navigate Medicaid Reimbursement Challenges
Han Jing, CEO @ IrisMed

Implications for this finding are of a negative health experience for Medicaid patients as dental care veers towards limited dentist participation due to the low rate of reimbursement Medicaid provides

Patients from low-income areas and households are particularly at risk as access to dental care is becoming more challenging as the dental industry moves towards refusing acceptance of Medicaid insurance.

The low reimbursement percentage rates across the United States not only negatively impact low-income individuals but dental practices and professionals as well.

Countless Medicaid-accepting dental practices operate at a financial loss, putting them at risk for closure and unable to support maintenance proper staffing numbers.

Delaware has the highest reimbursement percentage at 78%, but some states have less than 15% coverage to even none at all. States with lower coverage are amplified in their inability to provide adequate dental care and dental operations.

AI-Powered Assistance

The Medicaid dental reimbursement crisis evidently affects both dentists and low-income patients who rely on Medicaid, issues both of which are able to be supported by artificial intelligence (AI).

Dentists who accept Medicaid patients often operate at a loss, as revealed by the low reimbursement rate for Medicaid-insured services. These complex billing processes for dental practices further lead to claim denials and payment delays.

Payment delays can further complicate and exacerbate financially strained dental practices, providing no added benefit to dental professionals or patients.

Automated Billing Solutions for Dental Practices

Powering the financial side of a dental space through AI solutions can help dental providers in a variety of ways:

  • Promoting maximized Medicaid reimbursements through accurate and efficient AI-driven claim submission and processing.
  • Speeding up appeals for faster payments and reducing the amount of claim denials.
  • Saving precious time, energy, and finances by automating tedious billing tasks, allowing dentists and staff to focus on treating patients rather than filling out paperwork.

AI-powered billing allows dentists to offer care to low-income Medicaid patients as time and money will be saved through data-driven and streamlined claims processing and management.

Dental practices will be able to reinvest these finances back into their practice, offering a well-equipped and maintained staff team, as well as the resources to provide care for individuals with Medicaid insurance.

Supporting Medicaid Patients

Medicaid patients seeking adequate dental care are able to be secure in knowing their coverage is more likely to be accepted at dental practices taking advantage of AI-powered billing offerings.

Dental practices are able to remain financially stable, giving them the means to continue accepting Medicaid patients as opposed to refusing them due to financial strain from low reimbursement percentage rates.

Patient benefits are not limited to these and have expanded favorable opportunities opened for them such as:

  • Reduced delays and claim errors, which means patients will not be stuck waiting for approval or forced to pay out-of-pocket fees.
  • Shortened wait times and increased provider efficiency in providing dental care to all patients without significant in-between-patient lag times.
  • Increased availability and booking freedom when searching for dental care providers.

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FAQs

We've compiled some of the most common questions practices like yours ask about the IrisMed solutions. If you don't find the answers you're looking for here, please don't hesitate to contact us – we're always happy to discuss how IrisMed can specifically benefit your practice.

Do I have to change my practice management system or software to use IrisMed?

No. IrisMed is designed to be compatible with all major practice management systems. Our AI seamlessly integrates with your existing setup, requiring no disruptive changes to your current workflow. We also offer white-gloved implementation and support if needed.

How much does IrisMed cost?

IrisMed offers flexible pricing models tailored to the size and needs of your practice. Contact us for a customized quote based on your clinic’s volume and workflow requirements.

Will IrisMed replace my existing staff members?

IrisMed is designed to augment and empower your existing team, not replace them. By automating tedious billing tasks, IrisMed frees up your staff to focus on what matters most: providing exceptional patient care, increasing treatment plan acceptance, and growing your practice. If you have a current vacancy in a billing role, IrisMed can eliminate the need to fill that position.

My practice management system already has billing features. Why do I need IrisMed?

While your practice management system is crucial for daily operations, it likely lacks the sophisticated AI capabilities needed to automate your revenue cycle end-to-end. IrisMed complements your existing system, providing specialized AI-driven automation, intelligent claim scrubbing, payment posting, and denial management that can drive significant revenue increases. The two systems will work hand in hand to make your practice as efficient and profitable as possible.

How secure is my data with IrisMed?

We understand the importance of data security and patient privacy. IrisMed employs robust security measures, including encryption and strict access controls, to safeguard your sensitive information.

How do I get started with IrisMed?

Getting started is easy! Contact us today to schedule a personalized demo. We'll show you how IrisMed works, answer all your questions, and demonstrate how our AI-powered platform can transform your practice's revenue cycle.