Benefits Of Outsourcing Mental Health Billing Services - PowerPoint PPT Presentation

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Benefits Of Outsourcing Mental Health Billing Services

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Billing for Mental Health providers can be a daunting task. Let the mental health billing experts take care of this & generate profits for your practice. go through this blog – PowerPoint PPT presentation

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Title: Benefits Of Outsourcing Mental Health Billing Services


1
Benefits Of Outsourcing Mental Health Billing
Services
2
INTRODUCTION
  • With more people becoming aware of psychological
    problems and spending more money on psychiatry
    during the past ten years, the number of mental
    health experts and clinics has increased
    dramatically. Despite the growing need for mental
    health services, it is becoming increasingly more
    difficult for professional providers to receive
    fair compensation for their labor.
  • In the US, millions of teenagers and adults
    struggle with behavioral health concerns, with 1
    in 5 persons (18 and older) suffering from a
    mental disease. Only around 45, or 20 million,
    of the roughly 44 million mature Americans with
    mental illnesses in 2014 obtained mental health
    care in the previous year.

https//www.medisysdata.com/services/m
edical-billing-services
3
Mental Health Medical Billing
  • Understanding the concept
    of Mental Health Medical Billing
  • Medical billing includes submitting claims for
    the patients healthcare services.
  • Medical billing for behavioral health may be more
    challenging than for other healthcare specialties
    due to the specialtys complexity.
  • Therefore, it is crucial to outsource medical
    billing services which are equipped with the
    proper knowledge, skills, and tools to enable
    your healthcare institution to keep providing
    quality care for eating disorders, substance
    addiction, and mental health.

https//www.medisysdata.com/services/medical-billi
ng-services
4
Difference between Mental Health and Traditional
Billing.
  • Although difficult to understand, the assessment
    and treatment of mental illness play a critical
    role in a patients overall health.
  • As a result, psychiatrists and counselors deliver
    services very differently from other types of
    healthcare providers.
  • In comparison to other practices, the field of
    mental health also lacks a defined procedure.
  • The wide variety of services on offer is one of
    the causes of that.

https//www.medisysdata.com/services/medical-billi
ng-services
5
  • The majority of money spent on behavioral
    healthcare goes into treatment sessions, and
    insurance providers keep track of how many
    sessions take place each day and for how long.
  • Because of this, it is more difficult for
    clinicians to reconcile their medical care with a
    reliable and effective billing system which is
    why outsourcing medical billing is becoming
    popular.
  • High claim denial rates are a result of budget
    restrictions, a lack of committed staff to modify
    billing codes for behavioral health, insurance
    limitations, and regulatory changes.
  • As a result, charging for mental health services
    is very different from billing for regular
    medical services due to all the regulations and
    financial requirements.

https//www.medisysdata.com/services/medical-billi
ng-services
6
Why Outsource Mental Healthcare Billing
  • Here are the common signs, your mental healthcare
    billing should be outsourced
  • The task of medical billing may be time-consuming
    and frustrating for your administrative
    personnel. In addition to being time-consuming
    due to the ongoing training needed to stay
    current with regulatory changes, the procedure
    also takes important time off from their other
    specific duties.
  • High personnel turnover due to administrative
    stress may have a negative impact on the billing
    department. The time and money required to
    continually assemble and educate your staff will
    be wasted, which will slow down the processing of
    insurance claims.

https//www.medisysdata.com/services/medical-billi
ng-services
7
  1. Ineffective coding and billing procedures and
    lower insurance company reimbursements cause poor
    cash flow. Your administrative employees might
    not be knowledgeable or skilled enough to
    identify the problems core cause.
  2. Healthcare providers require enough time to offer
    treatment to their clients, but because of the
    time-consuming chore of coding and billing
    doctors have less resources to devote to their
    patients.
  3. Incomplete payer credentialing, which they
    believed had already been taken care of by their
    internal staff.
  4. The patient demographics and insurance details
    were either incorrectly recorded or the payers
    benefits and coverage were never confirmed.

https//www.medisysdata.com/services/medical-billi
ng-services
8
Conclusions
  • When compared to treating patients, the payment
    process can indeed be frustrating and often a
    drag but, the earlier you begin, the sooner you
    will be reimbursed.
  • The best option is to outsource your mental
    health billing services to health billing
    companies such as Medisys Data Solutions, so that
    you can focus on your primary duty of catering to
    the needs of your patients.

https//www.medisysdata.com/services/medical-billi
ng-services
9
About Us
  • Medisys Data Solutions is a leading medical
    billing company providing complete assistance in
    medical billing and coding. We can assist you in
    receiving accurate insurance reimbursement from
    private and government payers. With our services
    like benefits verification and credentialing
    enrollment, you can add more providers in your
    practice. To know more about our specialty
    specific medical billing and coding services,
    contact us at info_at_medisysdata.com/ 302-261-9187.
  • GET IN TOUCH
  • 302-261-9187
  • Address
  • Medisys Data Solutions Inc.
  • 8 The Green STE A, Dover, Delaware 19901,USA
  • Email info_at_medisysdata.com

10
Thanks
  • Do you have any questions?
  • info_at_medisysdata.com
  • 302-261-9187
  • medisysdata.com
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