Psychiatry Medical Billing Services
Psychiatry Medical Billing Services
Our goal is to increase practice collection so you may concentrate on patient care and practice growth. You don’t have to be concerned about new government rules, insurance needs, or coding changes. We’ll keep you up to date on the newest developments, whether it’s HIPAA compliance, PQRS, ICD/CPT revisions, or e-prescribing. We give web access to all of our clients’ financial data for their convenience, offering them complete transparency and peace of mind.
We Offer Free Practice Audit Tailored to Your Practice Needs with Free First Month Billing Service
Unsure why your cardiology practice isn’t growing better financially? As a Medical Billing Specialist, we’ll help you find the issues – and create a strategy to succeed. Our Medical Billing audit services are 100% transparent and analyze your practice’s technical, follow up processes, denial management processes, Coding, including ICD-10-CM, CPT, HCPCS, and medical terminology, Specific critical care units, specialty areas, and/or ancillary unity involved in a particular audit and all state and federal regulations concerning the use, disclosure, and confidentiality of all patient records.
Who We Are?
Respect for All
- Every employee is treated with dignity and respect, as we recognize that their work and backgrounds are just as essential as our own. We’ll never be frightened to speak up and stand up for what’s right.
Integrity is Valued
- We seek to earn the trust of our clients and stakeholders by being honest and ethical.
What We Stand For?
We Are Accountable
- We acknowledge and accept full responsibility for our actions, decisions, and outcomes.
Passion for Excellence
- We are enthusiastic about people, processes, and providing excellent service. We serve our consumers by innovating and constantly improving our service delivery while maintaining a laser-like focus on their changing needs.
How We Behave?
Team Work and Togetherness
- We work as a single firm and a single team. Every team member is respected, cherished, and pushed to achieve at their best. They are also recognized for their contributions.
Innovation Breaks Through
- We put innovation at the Centre of all we do. We encourage people to break down boundaries and take calculated risks in order to develop real answers to some of our clients’ most pressing problems.
Why You Choose Us for Your Psychiatry Revenue Cycle Service’s Needs?
- Costs Can Be Reduced by Up To 75%
- No Long-Term Contracts
- Choice of Flexibility
- Proven Quality Control Process
- Manager of Your Own Account
- Thrive and survive equally
What We Offer to Your Psychiatry Practice
Count on us to help you greatly enhance the efficiency of your cash flow by streamlining your accounts receivable and denial management.
1. High Level Consulting
We can give help desk and highly experienced support to your billing personnel if you’re executing some or all of your medical billing tasks in-house.
2. Complete Psychiatry Medical Billing Outsourcing
We can become an extension of your staff and expertly perform some or all of your medical billing tasks, greatly increasing your resourcefulness in pursuing reimbursements due to your medical practise.
We can seamlessly integrate with these key third-party systems to speed up the submission of medical claims as well as the receiving and processing of payments.
4. Patient Balance Processing
We handle patient statements and delinquency letters, as well as refunds and the collection agency interface, in an efficient and comprehensive manner.
5. Custom Financial Reports
Get customized reports that display data the way you want it to be seen. Precision ensures that you have the reporting you need to support decision-making at your medical practice, whether it’s monthly reporting, on-demand information collection, or project work demands.
Our Psychiatry Medical Billing Services Includes
Processing of Claims
Pre-billing entails recording patient data and insurance information, double-checking authorizations, submitting claims electronically wherever possible, filing supplementary claims, and organizing automatic crossovers.
Billing for Patients
Patient statements are mailed out, and we have a toll-free number where patients can call with questions about their accounts. If the client agrees, sending a dunning letter and directing to a licensed collections agency.
Payments and modifications from insurer EOBs are entered, and patient copays are posted.
Over 30 reports on your practice’s financial health are available. Insurance ageing, patient ageing, monthly and daily summaries, and reimbursement analysis for various payers are all examples.
Appeals and follow-up
Calling insurance companies to inquire about the status of unpaid claims; submitting appeals if necessary.
Data can be accessed online
Our on-line system allows providers to verify the status of unpaid claims, look up balances, and run financial reports at any time. When you don’t have time to email or phone the billing office with questions, this is a great option.
Before the patient is seen, we phone insurance companies to verify mental health benefits and eligibility. We’ll verify the co-payment amount, deductible, annual visit limit, any authorization needs, and claim mailing address.
Solutions for Practice Management
On-line appointment calendars, credit card processing, an on-line patient payment portal, and appointment reminder calls/text messages are all time and money-saving alternatives for your clinic.
Mental health billing is unique from other sorts of medical billing, as we understand it. For starters, the payer for mental health services is not usually the same as the payer for medical services. A third company, may manage reimbursement. Our knowledgeable staff is familiar with CPT and ICD coding for therapy, evaluation and management, academic testing, and evaluation and management claims.
Overhead is reduced
Because you don’t have to pay payroll taxes, benefits, or workers’ compensation, our services save you money. Our online method eliminates the need for costly billing/scheduling software, as well as training and maintenance expenditures.
Our clients report a 20-30% increase in collections and increased cash flow as a result of prompt claim submission and strong follow-up on delinquent bills.
Patients will have more time
Spending less time on billing will give you peace of mind and allow you to focus on what you do best—caring for your patients! You’ll also have more time to focus on building your practice instead of getting distracted by administrative issues.