It can be time-consuming and expensive to sort through the regulations governing behavioral health reimbursement. Small facilities, such as addiction treatment centers, often have little administrative support for billing or collections. Some providers even manage Medical Billing Services. This arrangement can lead to revenue losses and breaks in the revenue cycle.
To reduce denial rates and increase cash flow, addiction treatment facilities may outsource their behavioral billing. Medcare top medical billing services (MSO) can help. Medcare Medical Billing Services (MSO), a revenue cycle management company for healthcare, offers specialized solutions that use industry-leading technology. We have specialized services to help you maximize your revenue and focus on patient care.
Medical Billing Services
What are the most common causes of increased denial rates?
The billing process for behavioral health is complex and involves many variables. It can be difficult to standardize your billing. Reimbursement denials can be caused by not securing authorization to treat or using the wrong modifier.
Because insurance benefits and plans can be very specific, and may vary from one patient to another, it is important to verify benefits before receiving any services. A VOB verifies that the service or treatment sought by the patient is covered. It also determines how much their insurance will cover the cost of the services.
Although it can be tedious, it is important that patients are aware of what they need to pay in order to timely make payments. To ensure that you receive payment for the services and treatment you have received, it is important to gather as much information as possible.
Common procedural technology (CPT)codes are required by insurance companies to bill for behavioral health. Addiction treatment centers must be able to identify the services they provide and the CPT codes that are associated with them. The incorrect codes could lead to denials of claims and loss of revenue.
It is not enough to fill out the patient information and identify the CPT codes. You also need to consider the location of service, the type of bill, rendering provider details, and whether you want to file interim claims. The proper billing format for behavioral health claims must be used, which can vary from one insurance company to the next. The VOB will allow you to find the preferred billing format of the company and the timeframe allowed by the plan. Double-checking the information and billing format can help you avoid denials and increase collections.
What are the Benefits of Outsourcing Mental Health Billing Services
A specialized billing solution is required to provide a service. A skilled service that is familiar with the intricacies of mental healthcare billing can make a significant difference. It is a complex and time-consuming process. You can outsource your behavioral and mental health billing services.
Reduce administrative time: Staffing, training, and keeping up with changing policies can be a major burden on mental health providers. The transfer of responsibility allows staff to take on in-house duties for patients and providers. To increase reimbursements and decrease denials, a qualified vendor can quickly and efficiently submit claims to obtain a higher reimbursement from payers.
- Expert billing services are also available
- Be consistent
- Reduce errors
- Increase revenue cycle
- Keep patient data secure
- Audit and comply
Addiction Treatment Medical Billing: How to Keep on Top of the Regulatory Changes
Providers and administrators can reduce the administrative burden of behavioral health billing outsourcing, especially when it comes down to reducing denials or collecting collections. The ability to help facilities comply with government regulations can be aided by medical billing vendors. So that you can concentrate on patient care, billing professionals keep up-to-date on all regulations and coding requirements. It is a constantly changing landscape in behavioral health billing that takes time and resources.
Medcare Medical Billing Services (MSO) offers best medical billing services with a personal touch. Our experts will know which regulatory changes are coming and when they will be implemented. We can also help you prepare your facility.
How to do Medical Billing Audits
An audit of medical billing examines the accuracy of documents, assesses the reliability and quality of information at your facility, and reviews the health records and billing data submitted to payers. Audits are used to identify and monitor incorrect, incomplete or inappropriate billing documentation. Medcare Medical Billing Services (MSO) can help you keep your billing organized and accurate by outsourcing it to them. Audits are not only compliance measures. They can also be used to ensure billing practices are efficient and beneficial for your facility.
Medcare Medical Billing Services (MSO) protects your data and employs professionals who can complete billing flawlessly, from submissions and filling out forms to follow-up. Our team can help you and your facility achieve financial success.
Do you have questions about Medical Billing for Addiction Treatment Centers? Contact Medcare Medical Billing Services (MSO) Today!