Mind the Gap: How to Find & Solve the Holes in Your Revenue Cycle

by | Aug 14, 2023 | Authorizations, Behavioral Health, Claim Denials, Outsource, Revenue, Revenue Cycle Management

Billing Solutions Team
Billing Solutions provides medical billing services for behavioral healthcare practices.

Every dollar counts, and especially in the challenging world of behavioral health billing. Even the smallest oversight within your revenue cycle can cause you to lose a significant amount of well-earned money over time. Here’s how to properly manage your revenue cycle, ensuring that you maximize all of the revenue that your business is due.

Prevent & Appeal Behavioral Health Claim Denials

There are numerous reasons a medical claim could be denied, but it’s hard to follow up and fight for these claims while you’re trying to run your business. How can you do it all? Easy: Don’t try. Using a third-party billing company like Billing Solutions means you can rely on experts to determine the cause of the denial. From there, we can process all paperwork to obtain payment, and work diligently to help you acquire your reimbursement. (What’s more, we’ll work to minimize denials in the first place.

Manage Patient Collections

If you’re not actively pursuing patient responsibility collections, you could be leaving a lot of money on the table: in some cases, up to 25% of your revenue. Your focus shouldn’t have to be split between patient care and patient collections. Using Billing Solutions to help fix and manage your revenue cycle means you can give your attention to your core competency, while feeling confident that you are maximizing your revenue.

Oversee Clinical Staff Training

Something as simple as a typo can disrupt your entire revenue cycle. That’s why Billing Solutions offers staff training to ensure your revenue cycle is being taken care of from all ends. We’ll train your clinical staff on generating proper documentation based on level of care, reviewing denial reasons to pinpoint solutions, and addressing frequently asked questions from insurance carriers. We also provide constant support as training is an ongoing process within a company. Our team reviews facility performance reports to assess the effectiveness of your processes and to determine when additional employee training is needed. This will help you minimize billing errors and support a healthy revenue cycle.

Outsourcing Your Healthcare Billing

Outsourcing your healthcare facility’s billing to Billing Solutions will allow you to focus on your patients, instead of trying to navigate authorizations and billing. Give us a call or fill out the form below for a free account review and analysis to see where your behavioral health facility is leaving money on the table.

Give us a call today to realize more revenue.