Outsourced Behavioral Health Billing Services

Are improvements in government laws, coding requirements and insurance policies nervous for your accounting team? Do not let your account receivable (A / R) be impacted by the shortfall. Outsourcing psychiatric accounting can lower internal costs as collections and cash flow increase. Clear image of the process will help mental health accounting professionals like us keep you up to date with the ICD / CPT updates, HIPAA compliance and PQRS so that you can concentrate on improving patient care.

Behavioral Health Billing Services

We at CapMinds Technologies have a team of specialists in mental health accounting who have been with us for 12 years so that suppliers in the healthcare sector can concentrate their efforts on through their practice. We support your decision to work with us by providing an excellent value proposition when you leave mental health issues to us.

Billing facilities for mental health

  We know how to boost effectively our consumer and insurance collections at Flatworld Solutions without overwhelming the administrative staff. To achieve a 360-degree view of the financial state, we have streamlined online access for your team to ensure that our services are straightforward. We provide the following approaches as part of the mental health accounting services.

Claims Processing

   To order to ensure accurate reporting, we collect data from patient experiences including insurance information and patient demography, and if the insurance providers are allowed to file their claims. We monitor the income cycle, aging reports and other KPI to ensure smooth accounting. We also assist with the application and automated convergence of secondary statements.

 Payment Posting

    Payments are a vital mechanism for mental health billing providers in which we monitor the reimbursement invoiced for the medical assessment and treatment that is due to your practice. When we collect the money from patients and insurers, it is listed for reconciliation of the medical billing system. Our payment post solution (where applicable) links the leak to make sure that each collector's item is monitored. All payment information are saved for future reference in the record management system.

Follow-up and Appeals

    If your payout is overdue or less than the amount invoiced, we follow the advice of insurance providers on the status of the claims and file appeals against the short pay (if necessary). During any step of the mental health check-up cycle we will allow you to be tested so that you can think less about getting your bill.

Verification of Benefits

    Once we make a doctor appointment, we call insurance providers and send a patient portfolio to see which aspect of the care is covered and what is not covered. The full list of benefits is given to providers of mental care to develop a personalized health plan for the patient. The patient shall be informed, before they are seen, of information such as the out - of-pocket costs, deductibles, annual access limits and condition of authorisation.

Patient Billing

    We are responsible for emailing or mailing invoices. We are opening our phone lines to personalize the patient's enquiries about the invoice and the patient's account. Routine payments are sent to late payment and non-payment patients urging them to remove the duties from a licensed collecting agency that is approved by us.

Financial Reports

    Do you like to learn the practice's financial health? You will also receive 30 + patient aging reports, policy aging reports, daily summaries and an individual payer's compensation review study.

Digital Data Management

    We give this service to mental health practitioners only, who want to analyze all outstanding payments, balances and financial reports more closely by using our program in every situation. If you have a tight schedule to miss emails or inquire at the billing office, we will provide you with secure access to our online system, which helps you to monitor all of the KPI in one view.

Practice Management Support

    Our solution includes credit card processing, appointment establishment, a payment processing system, reminders of appointments, etc. We deliver a range of approaches that can be tailored to suit the needs of your practice.

Mental Health Billing Process We Follow

  Mental health insurance involves a complex interpretation of coding standards and enforcement. The care, diagnosis and evaluation of the full check- is not adequate to be adequately informed of it partially. We have made tremendous strides in that regard. We have a clear process in our business plan to confirm how we advance in mental health accounts at every level. Our cost efficient approach means that you spend less money and resources on patient care collections. Below is a list of guidelines for capminds mental health care billing programs-

CapMinds Medical Billing Software Programs

How to Choose a Medical Billing Service

A few things must be remembered when selecting a medical billing service. You want to know the costs of the service, of course, but you want to know what the billing party should expect.

It could be hard. Without knowing the right questions, a medical billing service can work out without meeting its promises.

A professional consultant with extensive experience could be worth hiring to lead your practice. Here you can find a professional adviser. But when you want to do it alone, you must pick a medical billing partner and ask questions. Here are a couple of aspects before you buy:

Costs

The scale and precise emphasis of your practice are highly variable. You will need to contact a hard-number vendor, but a general estimate of what they charge is given by some billing web pages. Companies generally charge between 3% to 9% of net collection a share of their monthly revenue as payment.

In view of possible revenue growth if you outsource, it is important to take into consideration the costs (in time and money) in keeping your billing in-house versus the costs of externalization. There are three major points to ask when discussing costs for a medical billing service:

•  In the monthly amount I pay what specific services are included?
•  Are clearinghouse costs percentage included or are they in addition to the percentage paid to my practice?
•  Are there any co-payments my employees collect when services are rendered?

Services

Before processing the claims, most billing companies scrutinize your claims, and many follow up with the insurance company to ensure that the claims are accepted. Nevertheless, a number of companies will also periodically review your receivable accounts and suggest how to enhance the financial performance of your company. Others include access to electronic health records and/or tools for monitoring of activities. It will be important to consider which services you practice and patients require in the selection of the company to outsource your RCM for. Therefore, the following are considered:

•  Does the medical billing service have trained coders or does my company have coding responsibility?
•  Is it up to date with the change to a stronger ICD-10 coding system if the billing company conducts coding?
•  How accurate are the medical billing financial reports? Can my practice look forward to analyzes and performance suggestions?
•  Do you have experience with the medical accounting service in my specialty?

Support

You will want a billing partner who keeps you occupied at every stop. Many companies offer software that enables their sales cycles, claims and dis-allowances to be frequently reviewed. You want to ensure your medical billing partner, particularly if something goes wrong, is responsive and helpful. Open communication lines will make the difference between a billing system failure and a boost to your bottom line. Before signing on the dotted line, it is important to ask:

•  Could I at any time access information about the income period of my practice?
•  What can I expect when an error happens with the medical accounting service?
•  Does my practice obtain copies of any documents from payers obtained by the billing company "explaining rewards" or "electronic forwarding advice"?

Patient Engagement

Your patients should be kept up with a medical billing service and handling crime accounts. Most accounting companies give their reports to patients directly and, if necessary, pass unpaid accounts to collection agencies. Many medical accounting systems also answer telephone calls and patient queries. Many organizations also provide a customer portal where patients can access and repay their accounts directly. You will want to be sure that your medical accounting partner is willing to keep you updated about what you owe. Sometimes, you would like to find out:

•  How long will the billing provider wait for a payment processor to pass unpaid balances?
•  Was my monthly percentage of a patient database included? Does that cost extra?

Would you like to learn more about the success of your practice with medical billing services? Find out more about our outsourcing solutions for medical billing or notify us.