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Putting dental insurance billing on autopilot
The company’s flagship product, Remit AI, facilitates self-service RCM analytics, automatic parsing of explanation of benefits (EOB), electronic remittance advice (ERA) data intelligence, and reconciliation of remittance data against bank transactions from hundreds of payers.
This ensures faster payment posting into any practice management software. Zentist empowers revenue cycle leaders with technology to efficiently follow up on outstanding insurance claims, reduce denials, and manage accounts receivable in less time.
Founded in 2015 in San Francisco, Zentist is backed by leading technology venture capital firms.
Value proposition
Improve Patient Relations with Timely, Trackable, and Transparent Claims Processing
Taking care of dental insurance claims in traditionally manual methods or utilizing outdated PMS can cause frustration, lack of accountability, and delays. Using Zentist to process claims in a trackable and more timely manner provides greater transparency to the patient about how things are being handled between the payor and provider. This shifts the responsibility of insurance work from the provider and improves the patient/provider relationship.
Continuously Track Claims 24/7/365
Using Zentist’s software, all claims coming into and leaving the system are tracked daily. This routine automated process with Zentist’s proprietary Claims Tracking System helps to keep the number of outstanding claims down, identifies appealable denials more quickly, and provides valuable insight into insurance revenue trends.
Facts
- In the past 12 months, Zentist has sent 1.5MM+ automated insurance claims and processed $150MM claims through the platform.
- Zentist is a venture-backed fintech startup with 150+ employees (and growing!).
Highlights
Pre-funding
Zentist, the automated dental insurance claims processing platform, has announced the launch of a financial pre-funding pilot program for the $156 billion U.S. dental services industry.
The program applies machine learning models to dental insurance claims data so that multi-location dental service providers are paid on certain types of claim submissions in real-time. The anticipated outcomes include lower insurance reimbursement risk, improved liquidity, and better near-term financial health which enables dental service organizations (DSOs) participating in the program to better fund their current operations and invest more in their future growth.
Zentist's proprietary revenue cycle management (RCM) platform will predict dental insurance payments with a high degree of confidence and then pre-fund the accounts receivable (A/R) of DSOs and their affiliated practices. The additional capital that is unlocked through Zentist by eliminating aging A/R is then monetized by the DSO or dental practice for meeting bank loan covenants and financing growth. DSOs and their affiliated practices can opt to use the immediate increase in revenue for such activities as:
- Issuing inter-company loans;
- Paying down existing debt;
- Purchasing dental supplies or equipment;
- Funding a dental office renovation or expansion;
- Obtaining new patients through advertising and marketing campaigns;
- Covering employee payroll and benefits expenses;
- Investing in employee recruitment, training, retention, and rewards.
Read more about Zentist pilots with:
Dental RCM Bootcamp
Zentist Dental RCM Bootcamp is a growth initiative designed to teach best practices in revenue cycle management while fostering community among early and mid-career professionals from emerging dental groups.
Through hands-on, in-person classes taught in a venue selected for quiet comfort, the Zentist Dental RCM Bootcamp will help you advance your career while making meaningful connections in the industry.
A thoughtfully-designed curriculum, taught by leaders in the field, will explore a host of topics and popular, industry-standard tools.
Expand your skill-set and network. Cohort size is limited for your benefit and to maximize interaction with a wide network of industry professionals, influencers and leaders. The Zentist RCM Bootcamp promotes a strong ethos of support and shared purpose.
By creating an environment where you can focus exclusively on self-improvement, the Zentist Dental RCM Bootcamp offers unforgettable memories and the community of a lifetime.
The company’s flagship product, Remit AI, facilitates self-service RCM analytics, automatic parsing of explanation of benefits (EOB), electronic remittance advice (ERA) data intelligence, and reconciliation of remittance data against bank transactions from hundreds of payers.
This ensures faster payment posting into any practice management software. Zentist empowers revenue cycle leaders with technology to efficiently follow up on outstanding insurance claims, reduce denials, and manage accounts receivable in less time.
Founded in 2015 in San Francisco, Zentist is backed by leading technology venture capital firms.
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