If you are a mental or behavioral health professional today and you’re having issues getting reimbursement for your claims or experiencing an increase in denied claims, you’re not alone. The country is in the midst of a mental health and substance use epidemic parallel to the Covid pandemic. Many people are having to jump through hoops, wading through networks of providers to find your service, and you have to jump through hoops to receive reimbursement for the service you provide. If you are looking for a solution for claims management, don’t hesitate to call RevWerx at 833.309.0138 for more information about our services to behavioral clinics and independent practitioners.
Do You Need Assistance Working With Insurance Providers?
Although recent laws have attempted to bridge the gap between medical and behavioral healthcare coverage, there isn’t always a guarantee that they will be implemented. Insurance companies can still employ subtle tactics to discriminate against those who seek mental health care and those practicing it. This has driven some mental health practitioners to drop insurance reimbursement altogether and become cash-only establishments. This is a drastic measure and isn’t necessarily in the best interest of patients or providers. Hiring a company of experts dedicated to maintaining the flow of your revenue cycle management will take care of this vital part of the process. Dealing with insurance companies is a necessary part of running your establishment, but often it’s tedious, confusing, and time-consuming by design. When you outsource insurance claims management, you are taking this part of the job off your plate and freeing up yourself and your staff to focus on the essential part of your job, which is caring for your patients.
Why Choose to Outsource Insurance Claims Management?
It Will Save You Time
If you don’t have the time or availability to deal with insurance companies or keep up with the behavioral healthcare insurance sphere changes, you will likely suffer financially. The more errors that slip by, the more time you must dedicate to resolving the resulting problems. You will waste your valuable time and still have a higher amount of denied claims if you don’t manage this critical aspect of your business. Less time spent hassling with insurance claims is more time your staff can devote to patient care.
It Will Save You Money
As a busy addiction or behavioral healthcare professional, it can be easy for minor details to slip by you or your staff. Incorrect patient details, overlooked preauthorizations, or simple submission errors are all details that could stall a claim. When you outsource your claims management, you will benefit financially. You will begin to see faster reimbursement payments and experience fewer insurance coverage denials. When billing errors are minimized, reimbursements and payments can be received in a shorter amount of time. By employing expert medical billing outsourcing companies, you’ll have more time to see existing patients and take on new patients.
Your Practice Will Run More Smoothly Overall
Improving the efficiency of your claims management process can be the difference between a well-run business and one that’s difficult to manage. A company that understands how behavioral health and addiction treatment differ from standard medical care can spot discrepancies and the potential issues your practice may face in managing their claims. It is essential to know each step in the insurance claims process. A company can help you accomplish this goal through a few methods:
- Taking an all-digital approach with modern software- Using an all-digital system to the greatest extent possible will increase accuracy, transparency, and the client experience.
- Increasing organization by consolidating workflow- The fewer times an insurance claim is touched, the better. When a system is not organized most efficiently, an insurance claim will often get passed off or, worse, left to sit and expire. Having an efficient, streamlined system in place is a guarantee that the claims will be handled appropriately, and the business side of your practice will begin to run more smoothly.
- Maintaining thorough, up-to-date knowledge of insurance changes- Updates to insurance codes and regulations are constant. It can be too much to keep up with for dedicated healthcare professionals. When opting to outsource your claims management to a third party, it is crucial to choose one that guarantees to stay- up-to-date on each change that could affect your claims process.
Let RevWerx Help Revive Your Practice With Our Claims Management Services
Outsourcing your insurance claims management will eliminate interruptions to your business by reducing the .complications that arise from delayed and denied insurance claims. When you and your staff no longer spend valuable time chasing down claims and dealing with uncooperative insurance companies, your business will grow to its full potential, and everybody will win. Please contact RevWerx today at 833.309.0138.