Although psychology and other medical specialties differ greatly in practice, the discipline is nevertheless subject to the challenges of medical billing and coding. Medcare MSO provides complete revenue cycle management (RCM), which includes handling denials and rejections as well as processing claims.As a leading psychology billing business, we significantly lessen administrative duties so that psychologists, psychiatrists, and rehabilitation specialists can concentrate on patient treatment.
It may surprise you to learn that RCM can be fully outsourced to one provider, but Medsurebilling’s cutting-edge software and all-inclusive management procedure handle it from patient scheduling to payment collection and beyond. Managing insurance credentialing allows you to start billing for psychotherapy before you even encounter patients. We also handle the payback and annual payer adjustments.
Some health-care programs completely exclude mental health care, while others that do include it have a diverse set of policies. The Affordable Care Act (ACA) requires Marketplace plans to cover mental health and substance use disorder services, but it does not specify what must be covered. Though therapy is more generally covered than in the past, the requirements may differ from state to state even within the same insurer. As a psychological billing firm, we stay informed with the difficult rules.
In some cases, a reference from a family physician is required for therapy coverage. This implies that when a patient is booked, you must remember to check to see if they have previously seen a doctor, but it also adds a networking barrier to your practice’s success. If you are not well-known in the local medical community, you will not receive referrals because medical offices prefer to refer patients to psychologists they know and trust.
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