Medical Billing Company

Behavioral health billing companies specialize in managing the unique billing and revenue cycle needs of mental health and substance abuse treatment providers. Outsourcing to a reputable billing company can improve practice efficiency, increase revenue, and ensure compliance. However, not all billing companies are created equal. Here’s what to look for when choosing a behavioral health billing company: 1. Expertise in Behavioral Health Coding Behavioral health billing involves specific ICD-10 and CPT codes, such as: 90837  for 60-minute psychotherapy sessions. F32.9  for major depressive disorder. H0031  for mental health assessments. Ensure the billing company has certified coders with experience in behavioral health to avoid errors and maximize reimbursements. 2. Comprehensive Revenue Cycle Management A good billing company should handle all aspects of the revenue cycle, including: Patient registration and insurance verification. Claims submission and follow-up. Paymen...

Mental health billing services are specialized solutions designed to handle the unique billing and revenue cycle management needs of mental health practices. These services can significantly improve practice efficiency, reduce claim denials, and ensure compliance with regulations. However, one of the most common questions practices have is:  How much do mental health billing services cost , and are they worth the investment?  Here’s a breakdown: Factors Influencing the Cost of Mental Health Billing Services Percentage of Collections : Many billing companies charge a percentage of the collections they secure for your practice. This typically ranges from  4% to 10% , depending on the size of your practice, the volume of claims, and the complexity of services provided. For example, a practice with higher claim volumes or specialized services like telehealth may pay a lower percentage. Flat Fee Pricing : Some billing services charge a flat monthly fee, which can range from...

  Behavioral health billing services are specialized solutions designed to handle the unique billing and revenue cycle management needs of mental health and substance abuse treatment providers. These services are offered by professional billing companies with expertise in behavioral health coding, claims submission, and compliance. Here’s how behavioral health billing services can benefit your practice: Expertise in Behavioral Health Coding : Behavioral health billing services employ certified coders who are well-versed in the specific ICD-10 and CPT codes used for mental health and substance abuse services. For example, they accurately code therapy sessions ( 90837  for 60-minute psychotherapy) and diagnostic evaluations ( F41.1  for generalized anxiety disorder). This expertise reduces coding errors and ensures proper reimbursement. Streamlined Claims Submission : Behavioral health billing services use advanced software to submit claims electronically, ensuring faster p...