Billing for psychiatric services is often more complex than standard mental health billing, requiring specific coding for services like medication management, extended session times, and crisis interventions. Psychiatrists frequently work with a range of patient needs, from diagnostic assessments to long-term treatment plans, each with distinct billing codes and documentation requirements.
Clear Path Billing Solutions understands the intricacies of psychiatric billing, including the need for accurate medication management coding, compliance with time-based session billing, and efficient handling of claims and denials. With our specialized support, your practice can avoid common billing issues, secure timely reimbursements, and stay focused on patient care.
Full Revenue Cycle Management
Our Full Revenue Cycle Management service covers every aspect of your billing process from start to finish. This service is ideal for practices looking for comprehensive billing support that covers all stages of the revenue cycle.
Our Psychiatric Billing Services Include:
- Insurance Verification and Patient Eligibility Checks: We verify coverage and patient eligibility before each appointment to help prevent rejections and delays.
- Claims Preparation and Submission: Our team accurately prepares and submits claims, ensuring all details align with psychiatric billing requirements to reduce errors and delays.
- Medication Management and Session Billing: We handle the unique aspects of billing for medication management and psychiatric sessions, making sure all codes and details are captured accurately.
- Rejections and Denials Management: Any rejections or denials are swiftly addressed by our team, including follow-ups and appeals to keep your revenue on track.
- EFT and ERA Enrollments: Setting up electronic fund transfers (EFT) and electronic remittance advice (ERA) for easy, direct payments and streamlined account reconciliation.
- Detailed Reporting and Financial Insights: We provide regular reports that give you a clear view of your practice’s financial health, so you can spot trends, manage revenue, and make informed decisions.
Denials Management
Our Denials Management service provides targeted support for practices needing assistance with rejected claims. This hourly service is designed to maximize recovery from denied claims, reduce revenue loss, and improve overall claim success rates.
Included Services:
- Denials Tracking and Reporting: Comprehensive tracking of claim denials to identify patterns and potential issues.
- Rejection and Denial Follow-Up: Actively working on denied claims to resolve issues, appeal rejections, and resubmit claims as needed.
- Appeals Processing: Filing and managing appeals for denied claims to ensure maximum revenue recovery.
- Detailed Denials Reporting: Providing insights into common denial reasons and actionable recommendations for reducing denials.
Pricing:
- Hourly Rate: $40 per hour.
Why Choose Clear Path for Psychiatric Billing?
We specialize in mental health and psychiatric billing, so we understand the ins and outs of billing for therapy, medication management, and other psychiatric services. Our team is experienced, approachable, and dedicated to making sure your billing is handled with accuracy and care. With Clear Path Billing Solutions, you can leave the billing to us and focus on what you’re passionate about: helping your patients.
Ready to simplify your psychiatric billing?
Contact us today to find the best billing solution for your psychiatric practice.
