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Rising inflation and increasing overhead costs are challenging dental and medical practices in 2025, leaving limited options to maintain financial and professional success. From higher material and equipment costs to staffing shortages and increased employee wages, a multitude of factors are compounding and straining profitability.
Countless dental practices are simultaneously navigating complex insurance billing requirements and limits imposing overall patient coverage. Valuable time and attention are taken away from providing high-quality patient care to deal with the headache of business management and tedious paperwork.
Take Back Control
Medical insurance reimbursements and coverage caps are unable to be remedied by medical office professionals, placing increased focus on the amount of time spent with patients. Providing personalized care and building patient relationships are paramount.
Dentists are faced with having a revolving door of patients, coming and going every 30 minutes in order to prevent their practices from falling into financial ruin. These professionals are burning themselves out, forfeiting vital relationship-building with patients, and putting themselves at risk for providing low-quality care.
Two Sides, Same Coin
Patients
Receiving adequate care is a right for patients and a duty to be provided by dentists. Due to rising inflation costs, patients are rightfully so worried about what they can afford while receiving necessary treatment.
Due to treatment options and procedures drastically rising in costs, patients are put in an unfortunate position to prioritize which procedures to undergo due to lack of coverage, insurance caps, and inflated out-of-pocket costs.
Dentists
Dentists are forced to see more patients to relieve the strain on their practices, ultimately affecting the overall quality of care. Many dentists enjoy meeting their patients and listening to their medical histories and new issues while providing the best quality care they can.
This is changing as practices are attempting to get patients in and out to bring financial strain to homeostasis, a pervasive and adverse solution that is harming the practice overall.
How to Mitigate Negative Effects
The medical office operates in a complex landscape with constant paperwork and medical billing management. Finding support to decrease the amount of manual labor will increase the well-being of staff and ensure nothing falls through the cracks.
Revenue leakage, as described in its name, is when there are several “holes” in a medical practice, or any business for that matter, that leak and reduce profit. This occurs within the revenue cycle of practice and must be optimized and perfected in order to ensure financial stability.
As 2025 begins and progresses, dental practices must heed the call to secure their revenue cycle management (RCM), stabilize their practices, ensure that dental staff are maintained and unburdened, and provide premium patient care.
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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.