The health care industry has undergone some significant changes over recent years. A series of new administrative difficulties were brought about by the need to deal with complicated insurance forms and prepare insurance policy procedures. As a result, many practices choose to outsource their medical billing to independent professionals. Mental health practices are no exception to this rule.
When it comes to handling your mental health billing, you are presented with several options, the most common of which are as follows: you can try to do your mental health billing yourself, you can hire new staff to do that for you, or you can use one of the many mental health billing services available on the market. There are some advantages and disadvantages to each of these alternatives.
Doing your mental health billing yourself is cost-effective, but it can be very time consuming, and have a negative impact on the efficient running of your practice, including a reduced number of patients and many missed appointments. If you opt for hiring your own staff to handle your mental health billing, you will eventually find that this course of action is neither time nor cost-effective. Hiring new billing staff requires extra space, as well as extra costs with payroll and payroll taxes. On the other hand, outsourcing your billing to a mental health billing service company emerges as a very good option, as it equals efficiency, time-effectiveness and the opportunity to control your costs.
When you choose to outsource your billing to medical billing professionals, there are numerous advantages on your part. Mental health billing service equals professionalism, experience and specialization, which is exactly what the efficient running of your practice requires. A mental health billing specialist can perform most of the major services that healthcare insurance encompasses, such as paper and electronic billing, super bill design, electronic claim submission, dead claim recovery, claim entry, annual code updates, insurance verification, patient setup, consultation, fee reviews, eligibility testing, customized service for your practice, reporting, etc. And when the mental health billing service that you choose includes the use of exclusively designed mental health billing software (either your already-existing one or the one that that they provide), things couldn’t be simpler.
You are probably aware of how demanding the mental health billing task can be, and how no more than a minute error can lead to your insurance application being rejected. Such errors can be easily avoided with the assistance of a professional mental health billing service.
In conclusion, using a mental health billing service is both effective and efficient. The advantages on your part include time and cost effectiveness, less paperwork, fewer missed appointments, more clients, compliance with HIPAA, and the opportunity to keep a client database. Your mental health biller can work from his or her home and log into your computer to use your already-existing database or one that will be set up especially for you. If you are already using mental health billing software, your mental health biller can work on that. If not, all your mental health billing can be handled with the help of specially designed billing software that professional billers can provide for you.