Medcare MSO takes care of revenue cycle management from credentialing to annual reviews, protecting your income while you focus on patient care.
In practice, psychology is quite different from other fields of medicine, but unfortunately that doesn’t exempt the practice from the headaches of medical billing and coding. Medcare MSO offers full revenue cycle management (RCM), including processing claims and handling rejections and denials.Being a top psychology billing company, we greatly reduce administrative responsibilities and allow psychologists, psychiatric professionals, and rehab specialists to focus on patient care.
It may come as a surprise that RCM can be entirely outsourced to one provider, but Medcare MSO’s innovative software and comprehensive management process takes care of it from the time patients are scheduled until payments are collected and beyond. Our psychotherapy billing services can actually begin before you even see patients by managing insurance credentialing. And we also take care of annual payer adjustments and pay back.
Medical billing and coding are complicated and not only do the codes change every year, but payer requirements and policies do too. It’s too much for anyone in private practice to keep up with. Here are some of the issues that are common for psychology practices.
Some health care policies exclude mental health care altogether, and those that include it have a wide range of policies. The Affordable Care Act (ACA) requires Marketplace plans to include mental health and substance use disorder services but does not detail what must be covered. Though it is more widely covered than it has been in the past, the rules for therapy may even vary from state to state by the same insurer. As a psychology billing company, we stay updated with the complicated rules.
It is rare for a service that makes your life easier and your business more successful to pay for itself right away, but efficient mental health medical billing does just that. By outsourcing to Medcare MSO, you will have more time available to dedicate to seeing patients and less stress over administrative tasks associated with billing; and thanks to efficient claims filing and swift management of denied or rejected claims, you will make more money because revenue won’t be lost to errors and missed deadlines.
We have certified billers on staff who are experienced in psychology billing services, and experts in the whole RCM process to help with any aspect of it. Our services are customized so that you get just what you need and are not obligated to anything you don’t feel would be a real benefit to you. Get a free demo today and see how much more efficient your revenue management can be. So, get peace of mind and receive payments from insurance companies on time to achieve efficient practice management workflows.
A member of our team will get in touch with you in 12 hours.
800-640-6409
