Learning the basic dental insurance terminology and the most important terms for daily dental office management is paramount to understanding how dental practices generate revenue and how profit is calculated.

If you’re part of the administrative team in a dental practice, or maybe you’re the doctor getting in to practice ownership this video is going to be super helpful for you in understanding important dental terminology such as Gross production, Net Production, Adjustments, Collections, Writeoffs, Innetwork vs out of network, deductible, copays, etc.

This is NOT meant to be a comprehensive video on ALL the insurance terminology although I'll cover a few that you'll need to know to understand how things fit together.

WHO AM I:

I'm Nilay, a Dentist and a software developer living in NY. I work part time in my dental practice, which I started from scratch in 2013. I've been writing inconsistently (https://www.dentalstartupacademy.com) of my journey in my startup practice since 2015. I've recently taken interest in creating videos because I love talking about all things dental business related.

In 2021, along with my brother (who's also a software developer), we launched our very own SaaS (Software as a Service) Teamio!

Teamio makes it easy for Open Dental practices to manage the day to day tasks for teams(https://teamio.app).

Website: https://www.dentalstartupacademy.com

0:00 Introduction
0:45 Why You Need to understand Dental Terminology
1:25 In vs OutofNetwork
1:44 Innetwork Example
2:35 OutofNetwork
3:00 OutofNetwork Example
3:26 Gross Production
3:57 Net Production
4:20 Writeoffs
4:36 Collections
4:54 Deductible
5:14 Calculating Patient Copay
6:00 Adjustments
7:06 Putting it all together Example Appointment Schedule