What Are Mental Health Billing Services? The Process and Benefits
When you’re busy attending to patients, it’s easy to make errors in billing and coding and miss deadlines, resulting in claim denials and loss of revenue. To get around these problems, successful practices frequently outsource mental health billing services. Making this move can also help your billing team deal with changes in insurer policies, coding requirements, and governmental restrictions with less uncertainty. Mental health billing face challenges that differ from other medical billing.
How does it work?
In mental health billing, insurers and patients are primarily billed for psychological testing services, therapy, and medical management. Insurers have rules for the length of sessions they are willing to pay for, how many they will pay per week or day, and the maximum number of treatments they can cover. However, there are situations when a patient’s mental health requirements go beyond an insurer’s coverage, making it challenging for mental health professionals to balance an effective treatment plan with sufficient reimbursement.
Mental health billing services can help your practice prevent revenue shortfalls and payment delays. Custom solutions can free up time, boost revenues, and reduce costs in your practice. They also ensure compliance while enhancing transparency regarding your billing operations.
Leave it to the experts.
Insurance companies have different timelines for each therapy, and because they don’t match the amount of time it actually takes to deliver or finish a treatment, there are inconsistencies in the way the services are billed. Practitioners must be aware of the issues that result in denials and delayed reimbursements, such as prior authorization, documentation errors, policy violations, and coding accuracy.
You don’t have to worry about when you outsource your mental health billing to dependable service providers specializing in the area. They have a dedicated team of trained mental health billing and coding specialists that can provide data-driven solutions to enhance your practice’s revenue cycle.
Additional reasons to outsource
Customized mental health billing services offer the following benefits to your practice:
- Scalable and affordable – Access the human resources and systems to handle every bill more cost-effectively than when you do it in-house. A pay-as-you-go service charges only for the work done while taking only a small percentage of the collection, so you pay less when you file a few claims.
- Fast payouts – Reputable mental health billing professionals use technology to immediately manage claims, bills, and re-bills fast and accurately. Rejections and errors are fixed right away.
- Enhance your patient care – Outsourcing mental health billing frees up your schedule, allowing you more time for your patients. Additionally, it relieves your support team’s workload so they can concentrate on helping your patients.
Outsource mental health billing to Plutus Health. We offer customized solutions to reduce costs, save time, and boost your ROI. Our mental health billing systems use automation, artificial intelligence, and other technologies to automate chores like payment reminders, ensuring on-time bill payment. Contact us for an assessment.
About the Author:
Thomas John leads a global team of 500 employees in 3 locations as the President & CEO of Plutus Health providing, RPA powered revenue cycle management services to healthcare organizations across 22 states. Plutus Health Inc. is a 15-year-old full-cycle RCM firm specializing in medical coding & billing, denial management, credentialing, prior authorizations, AR follow-up for both medical and behavioral health specialties. As the industry experts in revenue cycle management solutions, they’ve created a unique process that combines machine learning and robotic process automation to address the clients’ most frustrating problems.
