No matter the size or scope of your behavioral healthcare company, the quality of care you offer your patients should be your primary focus. That can, however, leave little to no time for you or your clinicians to manage your revenue cycle — resulting in lost revenue. What if we told you a single change could help you and your company make more money tomorrow? The future of revenue cycle management for the behavioral healthcare industry lies with using a third-party billing company to manage your billing, and to ensure you’re being paid all the well-earned revenue you deserve.
What’s a Third-Party Billing Company?
Billing Solutions is a third-party billing company whose team of financial experts take care of your billing, as well as your entire revenue cycle overall. Some facilities that try to manage their billing in-house can become overwhelmed by the time-consuming tasks associated with authorizations, claims, denials, appeals, collections, etc.
You wouldn’t hire an accounting professor to write prescriptions for your patients, so why would you have your clinicians spending their valuable time trying to be an expert in billing? By making the simple change of outsourcing your billing to a third-party billing company, like Billing Solutions, your billing processes will become easy, efficient, and effective.
How Can a Third-Party Billing Company Help Me Make More Money?
The biggest reasons a behavioral healthcare facility loses out on potential revenue are: administrative errors, claim denials, reimbursement negotiations, and not following up on patient responsibility collections.
Administrative Errors
Billing Solutions proudly offers educational staff training to reduce your facility’s use of the wrong medical codes when submitting claims and other administrative billing issues.
Claim Denials
Claims are often denied and appeals can be extremely time-consuming for your clinicians, when their main focus should be on taking care of your facility’s patients. The appeal processing services provided by third-party billing companies, like Billing Solutions, include identification and correction of potential errors while dealing with the insufficiencies of this process.
Reimbursement Negotiations
By reviewing reimbursement negotiations, you can minimize errors and receive more timely payments across the board. Meanwhile, our expert professionals have the experience to recommend negotiations suitable for your facility while managing untimely payments.
Payment & Collections
If your company is not currently pursuing all collections rightfully owed to you, you’re leaving money on the table. We understand that when you spend so much of your time caring for your patients, it can become uncomfortable to go after them for patient responsible collections. Billing Solutions will fight for your money just as hard, if not harder, than you will, so you receive every penny you deserve.
Maximize Your Revenue
Stop wasting time and losing money by handling your billing in house. Outsourcing your revenue cycle management to Billing Solutions means knowing you can sleep well at night with the confidence that you’re not leaving money on the table. We’ll stream-line your revenue cycle, taking care of everything from navigating patient authorizations, claims management, reimbursement negotiations, staff training, and more. You could start maximizing your revenue tomorrow by giving us a call to outsource your billing today.