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