Mental health billing for large group practices takes more time but is essentially the same process as mental health billing for small groups. No matter the size, your clinic must face the challenges, due in part to the variability across insurers.
How Does Mental Health Billing Work?
Mental health billing may include any of the following pieces of necessary documentation:
Coordination and case management
Screening and treatment
Consultation with other providers
Education and outreach
The last two points are more common in mental health practices, especially those with large groups. In-person time with a patient is also increased in this field. A medical coding specialist translates all of the visit details (including time) into the appropriate numerical codes, separating diagnosis, which uses ICD-10 and treatment. This uses either Healthcare Common Procedure Coding System (HCPCS) or Current Procedural Terminology (CPT). HCPCS codes are used by Medicare and Medicaid.
Billing Advantage can take over from this point to bill insurance providers as well as your patients. HIPAA compliance and any other state or federal regulations are strictly adhered to, maintaining the integrity of your practice. Billing Advantage is further responsible for proper collections, billing and follow-up, saving you time and hassle while increasing revenue.
Mental Health Billing Software
Through patient scheduling, documentation of time, methodology and results, a good mental health billing software can greatly assist practice management and billing. But software requires updates to mitigate security risks and can’t function properly without being operated by trained personnel. At the very least, it’s best to have a designated team, individual or third-party to monitor the billing software.
Billing Advantage uses a software program called Kareo, one of the top ranked billing software programs for security and reliability. From day one, data exchange is secure and specific to your needs – fax, email, etc. You can also access it whenever you want, 24 hours a day, every day of the week. A software program in itself is just a tool, but Billing Advantage specialists understand how to use the Kareo tool to its fullest and are there to answer your questions.
How Much Does Mental Health Billing Service Cost?
Mental health billing is crucial to practice organization. Mistakes and missing documentation can result in thousands of dollars lost. On the other hand, employing a third-party for mental health billing will reduce your loss and increase your overall profit.
For a small, one-time startup fee of $300 per clinician, plus a small percentage of the amount you receive, Billing Advantage will provide you with reliable support for all of your practice management and billing needs. For more information, contact us today!
Submit a free quote request and see how we can help your business.