FAQ

Billing

DPM Solutions follows up on unpaid claims, send patient accounts & allocate payments.

Accounting & Tax Planning

We provide our clients with an integrated solution from the initial billing process right through to the financial statements.

Wealth Management

Some of the services offered include investment management, tax planning, estate planning and long term insurance. 

Frequently Asked Questions

What is the difference between billing and debt collection?

There is no reason why any medical practice should have more than 1% debt older than 60 days. You don’t need to settle for that. The more effective your billing process, the better your cash flow and lesser the money spent on debt collection.

DPMS offer a practice evaluation and debt collection service to provide you with a report on your Billing process challenges and to provide you with an effective Billing Solution.

An integrated like-minded approach of over a century

Let’s start at the very beginning, a very good place to start. There are various strategies to follow when you decide how you will manage your business or practice. A typical approach for a Medical Practitioner would be to consult a financial chain:

  • Employ an administrative assistant (right hand), which handles all the administrative duties in the practice.
  • He/she would hand over to an accountant.
  • He/she would hand over to a financial planner and or insurance broker.
  • Then you would always have the DIY (Do It Yourself) approach some might follow dating from the 1900s.

The various DPMS team members were once upon a time also just one link in the above chain. They shared their frustrations around many braai fires, golf tees, and CPD events. They all had one thing in common: The challenge of dealing with competing strategies or individuals that werenot team players in this business chain.

The links had an overall strategy difference, mindset or lack of like-mindedness.

“He who has the vision, has the mission.”

Rev. Jacob Maree

They asked each other: “What if we could integrate our like-minded approach to managing a business? What if we could combine the strategies, experience, and skillsets into a daily mission when serving our clients? What if we combine our strengths in a like-minded way?

“Though one may be overpowered, two can defend themselves. A cord of three strands is not quickly broken.”

Ecclesiastes 4:12 (NIV)

And thus the birth of Dimensions Practice Management Solutions. The team has a combined experience of over 50 years in the financial industry as well as over 80 years in the medical industry. With a combined experience of over 130 years, you are guaranteed a wealth of knowledge.

The Mission of DPMS: “To conduct business in the interest of the client.”

 

What services do Dimension 1/Billing offer?

 

How to start a medical practice
How raising a business is like raising a child
How long will it take to move to DPMS?

Step 1 – Is always acknowledgement ????

Complete and sign the DPMS Service Level Agreement, sign Annexure B containing service fees and provide us with your practice letterhead.

Step 2 – FICA documents (We can never get away from that) Supply us with the following:

  •  Certified copy of your Identity document (We can help you get it certified)
  • Certified copy of BHF Registration sheet
  • Proof of HPCSA Registration (Certificate or invoice)
  • Proof of address of Medical Practice
  • Original stamped letter: MP bank details

Step 3 – Lexis Sign

We have partnered with Lexis Sign to create a safe digital signature. If we ever need any other documents signed by you, we will complete the forms with your details for you and you will be prompted via email to just sign the document with one click.

“That is it!”

Myburgh Wessels 2019

Within 15 minutes you will start

  • saving money,
  • earning more fees through successful claim
  • and have more time to do the things you enjoy most!

 

Reasons to live and keep practicing medicine in South Africa

Let’s see how Johannesburg compares:

  • Consumer prices are 44.09% lower than in London.
  • Rent prices are 75.13% lower than in London.
  • Restaurant prices are 51.68% lower than in London.
  • Groceries prices are 39.36% lower than in London.

2 – Exceptional private healthcare

South Africa’s private healthcare is on par with any of the best in Europe and the United States. The hospitals, staff, and care given are first class, with plenty of medical aid schemes to choose from.

Here’s something you might not know – people from all across the world opt to come to South Africa for plastic surgery each year, not only due to the outstanding quality of our plastic surgeons but also because of the favourable exchange rate.

3 – Awards, awards and more awards

South Africa, its cities, and its citizens win plenty of international awards each year.

    4 – Our people

    South Africans are known around the world as some of the friendliest, most welcoming people in the world. You’ll always be greeted with a smile and a helping hand will be extended whenever you need it.

    5 – Fantastic weather and no natural disasters!

    6– Our national treasures

    We have many differences, but some things bind all South Africans together – a ‘lekker’ braai, tucking into bunny chow, supporting the Boks and the Proteas, sharing biltong and a gatsby, watching the Comrades and the Cape Town Cycle Tour, disagreeing over where you can find the best koeksisters and vetkoek, as well as legends like Ladysmith Black Mambazo, Caster Semenya, AB de Villiers, Wayde van Niekerk, Desmond Tutu, Benni McCarthy, Johnny Clegg and Pieter-Dirk Uys.

    And let’s face it – where else in the world can you buy newspapers, sunglasses, hats, fruit, flowers and cell phone chargers at a traffic light?

    So keep on doing what you’re doing and do it well!
    DPMS will keep on managing your practice towards effectivity and profitability.

    https://www.intergate-immigration.com/blog/reasons-to-live-in-south-africa/

    Credit to the author of the original article.

    Wealth Management

    Some of the services offered include investment management, tax planning, estate planning and long term insurance. 

    Wealth Management

    Some of the services offered include investment management, tax planning, estate planning and long term insurance.