Results-Driven Mental Health Billing Solutions
< 30
Days in AR
10-15%
Revenue Increase
97%
First Pass Ratio
96%
Collection Ratios
98%
Clean Claims Rate
Overview of
Mental Health
Services
Mental health medical billing is an intricate and complex process with many layers. It includes assigning hundreds of diagnosis and procedure codes, adherence to changing coding guidelines, compliance with state and federal regulations, and fulfilling varying payer requirements.
When you juggle specialized treatment requirements and complex patient demographics with the billing workload - things start to fall apart, and your peace of mind is lost! However, partnering with a reputable mental health billing company can turn things around. We can ensure a healthier revenue cycle while you improve patients’ lives.
Common Challenges in Mental Health Billing
Providing mental health services to patients demands a clear mindset and a focused routine. If you try to handle the intricate billing requirements while trying to deal with patients struggling to lead a normal life due to severe mental health conditions, things will only become more complicated.
Regardless of your practice’s size, handling mental health billing in-house can be a nightmare. You are most likely to come across the following challenges when giving mental health billing and coding a go.
Physician Credentialing
Without proper provider credentialing with the insurance payer, you cannot submit claims for reimbursements for the rendered mental health services. Besides, the credentialing process is time-consuming and complicated.
Complicated Process
Another challenge is following through with the complicated mental health billing process to avoid revenue leakage. The coding systems and billing requirements are updated regularly, adding to its difficulty.
High Denial Rate
Every insurance company has specific billing requirements. Non-compliance with these regulations while submitting claims can result in underpayments, late payments, and denials, straining your mental health practice's revenue.
Data Privacy
All healthcare organizations, including mental health practices, are bound to safeguard patients protected health information (PHI) under HIPAA regulations. Non-compliance with this can result in lawsuits and heavy penalties.
Why Choose MediBill MD for Mental Health Billing Services?
MediBill MD is a trusted mental health billing company empowering healthcare providers with its tailored solutions. To address the unique needs of each specialty, we have designated a team of billers and coders.
We understand the importance of staying up-to-date with the changing regulations, coding guidelines, and payer requirements. Therefore, we strive to offer continuous training to our staff, ensuring every claim we work on is spot on. Moreover, we regularly perform internal audits to identify and address loopholes in our mental health billing workflow before they become an issue for our partners.
You can offload your shoulders from administrative tasks and complicated processes by outsourcing mental health billing to MediBill MD. Your staff has more time for patient-facing activities, leading to reduced burnout and increased productivity.
Setting up an in-house mental health billing and coding team, purchasing and setting up costly hardware and software, and leasing space to accommodate them is highly expensive. Outsourcing to MediBill MD saves you this expense.
Keeping the in-house mental health billers engaged throughout the month, when on some days you may see fewer patients than others, can be tough. But with MediBill MD, you can easily scale up or down.
At MediBill MD, mental health medical billers leverage advanced revenue cycle analytics. Besides, we provide detailed financial performance reports to help you make data-driven decisions regarding your practice's financial aspects.
Our mental health billing services ensure a healthier revenue cycle for your facility. We employ industry best practices to ensure accurate and timely claim submissions, resulting in reduced denials and higher claim first-pass rates.
Health Providers Nationwide
Are you in pursuit of mental health billing services but afraid to approach anyone because of the varying state laws? It’s time you dump your worries because MediBill MD is serving healthcare organizations with its tailored solutions across all 50 states of the US. You can count on our mental health billing specialists to be your trusted guides as you navigate the complex and heavily regulated healthcare space.
MediBill MD Solutions to Common Errors in Mental Health Billing
Are you struggling with medical billing and coding? Are minor errors dragging your mental health practice down with a slow billing and payment cycle? If yes, MediBill MD is here to act as your SAVIOR!
We have experienced mental health billing specialists and certified professional coders (CPCs) under our roof, ready to assist you in eliminating all the billing blues.
| Common Mental Health Billing Errors | MediBill MD Solution | |
|---|---|---|
| Missing Information | If you want speedy reimbursements, complete documentation is integral. Our mental health billers ensure accurate and adequate documentation to support medical necessity and appropriateness of rendered services. | |
| Incorrect CPT codes | Wrong CPT codes can delay payments and lead to legal issues and financial penalties. Our CPCs are well-versed in mental health billing guidelines and coding requirements, ensuring accurate coding. | |
| Payer Requirements | Differing payer requirements are another challenge looming over practices. Our mental health medical billing team proactively collaborates with payers to understand their guidelines and expectations, avoiding denials and payment delays. | |
| Inappropriate Modifiers | Inappropriate usage of modifiers can trigger claim denials. Our team is highly experienced and trained in the proper usage of mental health modifiers to ensure a steady cash flow. | |
| Lack of Coverage | Some diagnoses, therapies, or medications may not be covered under the plan. Our mental health billing team promptly verifies eligibility and obtains authorization to avoid such scenarios and revenue strain. | |
AFFORDABILITY is our synonym! And QUALITY, ACCURACY & TRANSPARENCY, our mantra! If you can’t afford to hire mental health billers in-house, outsource to our team at MediBill MD at guaranteed lowest rates.
Price Comparison Calculator
Based on your annual collections, we will calculate the in-house medical billing cost and compare it with the MediBill MD service charges.
Get In Touch With Our
Mental
Health Billing Specialist
How about getting a dedicated mental health billing account manager to help you overcome your revenue cycle challenges without breaking the bank? Wish granted! Get in touch with us now.
FAQs
We offer tailored billing services for mental health providers, to help practices like yours thrive in this competitive healthcare landscape. You get instant access to mental health billers and certified coders at affordable rates when you partner with us.
We are a trusted name in the mental health billing industry, serving practices with tailored solutions so they realize financial success with timely reimbursements. Besides, when you outsource it to us, you don’t have to worry about staying current on the evolving billing requirements and coding guidelines. We will handle it for you.
MediBill MD charges a percentage against your total monthly collections for its mental health billing services. For pricing inquiries, you can schedule a call with our representative.
Several codes are available with slight differences in their descriptions. You can easily misinterpret and use the incorrect one in your claim, leading to claim denials and payment delays.
Medicare Part B primarily covers mental health services. You need to understand its specific billing requirements and guidelines, ensure accurate and complete documentation, utilize correct diagnosis and procedure codes, and file claims within the deadline to collect payments from them.
If you want to bill Medicaid for rendered mental health services, you should be familiar with their specific requirements and guidelines, including verifying patient eligibility, using appropriate codes, compliance with documentation requirements, and understanding their reimbursement rates.
