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.
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-
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| 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-
