The aim of each treatment center for substance abuse is to help patients recover from the effects of addiction. But they must also tackle the challenges of billing medical and behavioral health. Substance abuse billing presents specific challenges, which force the providers to spend a lot of time trying to collect payments instead of making sure they are providing the best high-quality care.
As a medical billing service provideris dedicated to continually changing to the healthcare industry’s ever-changing environment. We stay up-to-date with the latest guidelines, provide information on the latest and emerging healthcare issues. Also, ensure your substance abuse billing services are in line with the latest regulations.
We work with your company to offer codes and medical billing services that make sure that your collections are simple to manage and the number of denials is kept at a minimum. We understand that you offer the most life-changing care for your patients and we’d like to ease all the stress of medical billing for substance abuse off your shoulders, so you can focus on your best work.
How Does Outsourcing Medical Billing Work for Substance Abuse Treatment Centers?
The field of the field of mental health and behavioral healthcare is changing quickly. Alongside the lengthy task of billing and coding you have to deal with new laws, payment options and addiction billing software, in addition to issues that arise from out-of-network billing.
Treatment for addiction to alcohol and drugs centers typically face billing issues, which can lead to delays in payments and loss of revenue. When you outsource medical billing, you can gain the services of experts who can manage these problems for you. A billing firm for substance abuse will keep track of accounts receivables and encourage best practices and improve reimbursement. Particularly the medical billing business provides some of the services listed below:
- Credentialing for facilities
- Verification of benefits
- Utilization review
- Integration of technology and EMR
- Collections
- Analysis of financials and reporting
- Management of accounts
What Are the Costs Associated with Outsourcing Medical Billing?
The cost and charges that are associated with billing medical services for services in the field of behavioral health will differ based upon the agreement. Some be charged a portion of collections however; other firms have a flat rate or a monthly fee. Companies typically discover that regardless of how the price can be calculated, the benefit of a reputable billing service is far greater than the cost that comes with their services.
How Outsourcing Medical Billing Can Benefit Your Facility
Medical billing is a challenging and laborious job that requires expertise as well as expertise and an understanding of the standards of the industry. If your billing process is not properly managed it could be causing you to lose money before you realize that you’re losing it. The outsourcing of medical billing can assist you in developing better revenue cycle management, ensuring that your treatment facility for substance abuse is financially stable. Particularly outsourcing medical billing has these benefits:
- Lower Costs – The amount used to train, recertify and ensure that medical billers are current on most current regulations is an additional expense that could be reduced when billing is outsourced.
- Expertise – outsourcing to billing experts who have access the most sophisticated medical billing software for behavioral health will ensure that you make fewer errors when it comes to billing. This means that your net collections grow, your denials decrease and your operating costs are less burdensome.
- Insight – Financial reports give an insight into the factors that is affecting your revenue cycle to ensure better efficiency and greater profitability.
- Better decision-making – Financial understanding allows you to make better choices and establish the most effective practices within your company.
- Experience – Experience with billing and coding for all kinds of substance addiction treatment centers offers more understanding of how insurers respond to various kinds of claims.
- Compliance Outsourcing medical billing can provide the client with an entire team who concentrates 100% of their time on billing. There will be a boost in your compliance with the regulations for billing since your billing outsourcing follows the guidelines laid out by the government as well as CMS.
- High-quality patient care Your staff is able to concentrate on providing the best possible experience to your clients. The outsourcing of medical billing allows your staff the flexibility to communicate with patients, without the burden of adding conversations about medical billing into the exchange. By providing a more pleasant experience for your patients you’ll see a greater satisfaction and retention of patients.
Things to Keep in Mind When Choosing an Outsourced Medical Billing Company
By outsourcing your medical billing, you focus on the treatment and less on back-office procedures. However, working with the wrong company could cause more issues than you have now. There are many important aspects to take into consideration when selecting the most suitable medical billing firm for your establishment.
Reputation
A trustworthy partner is one who you trust. That is why a thorough and thorough background check is required. Do your research. Get recommendations from your trusted colleagues. Consult with medical professionals as they are more likely to get reliable information from a reliable source than from anonymous consumer reviews that are posted online.
Expertise
There are unique challenges within your field and you need professionals who are knowledgeable in your area to ensure accurate billing. Select a firm who is knowledgeable about the coding of treatment for addiction and compliance standards, which includes all standards for addiction billing and regulations. If not, you could be a victim of coding errors or denials of claims, as well as poor cash flow, which defeats the goal of outsourcing.
HIPAA Conformity with the High Security Procedures for Privacy
It is your responsibility to protect the privacy and security of healthcare information. If you partner with an experienced firm that is in HIPAA (Health Insurance Portability and Accountability Act) conformity and security, you can have peace of peace of mind knowing that the firm’s policies guarantee the privacy of patient’s health data. Alongside HIPAA the outsourcing company should be aware of any different laws, medical rules, regulations and other guidelines that pertain to your particular industry.
The protection of privacy of your patients is the top priority. The company you choose should ensure that privacy is protected while also preventing abuse as well as fraud.
Transparency
You might be outsourcing your medical billing processes however; you’ll want to know what’s happening with your claim. It’s your business in the end. Your billing expert should provide you with regular and transparent reports that enable you to supervise the billing process in order to assure efficiency and control the financial health of your business.
Measurable Results
Your medical billing provider can assist you in achieving an improved approach to the management of your revenue cycle. This can be more durable because when your medical billing system is current efficient, effective without human oversight, you will get payments faster duration. The comprehensive reports on performance provide you with the most important financial figures and allow you to take the control of the revenue cycle management process without the need to complete the task yourself.
Questions About Outsourcing Your Medical Billing Services
outsourcing your billing and coding is among the most important practices management decisions your business can ever make. We have the top medical billing professionals across the country using their global resources to offer our customers the highest quality services in the field of medical billing as well as revenue cycle administration. We’ll partner together with you to create systems that are based on data to meet your particular needs and allow you to concentrate on the treatment of patients.
