Mental health professionals and psychiatry practices face unique challenges in revenue cycle management (RCM) and billing:
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Claim Denials: Over 22% of psychiatric insurance claims are denied due to coding errors or authorization issues.
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Inaccurate Coding: CPT codes and ICD-10 codes specific to psychiatric services, such as individual psychotherapy and medication management, often require nuanced, accurate claim submissions.
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Delayed Reimbursements: The average psychiatry practice waits 30+ days for reimbursement due to improper claims processing.
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Cash Flow Interruptions: Inadequate claims management directly affects the financial health and bottom line of mental health providers.
- Patient Billing Confusion: Therapy sessions, psychological testing, and group therapy can lead to complex Patient Statements and confusion around insurance billing and patient collections.
Ignoring billing inefficiencies and RCM issues in your psychiatry practice can lead to serious consequences, from lost revenue to burnout among your mental health professionals.
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Here’s what’s at risk if you don’t act now
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Drain your psychiatry practice’s profitability
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Increase administrative burdens on clinical staff
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Affect continuity in mental health services
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Cause burnout among nurse practitioners, clinical social workers, and physicians
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Limit access to medication management and psychological testing
By partnering with (MHBS) mental health billing services, you gain peace of mind and keep your patient care front and center.
We offer end-to-end psychiatric billing services designed to support the financial and operational health of mental health providers, mental health professionals, and behavioral health practices. From claims processing to patient billing, our solutions are tailored to reduce administrative burdens and ensure faster reimbursements.
Our certified coders ensure proper use of CPT codes, ICD-10 codes, and modifiers to support accurate coding for services like individual psychotherapy, group therapy, and medication management. Accurate submissions result in clean claims and minimized claim denials.
We handle all aspects of claims processing—from charge entry to follow-up—ensuring your insurance claims are submitted promptly and correctly. Our billing professionals track and manage rejections and denials for optimized revenue recovery.
Save time and reduce administrative burdens with our expert prior authorization services. We verify coverage and obtain approvals for therapy, psychological testing, and psychiatric evaluations to avoid costly delays and denied claims.
Our team posts insurance and patient payments swiftly and accurately, giving you real-time visibility into your cash flow and financial health. We help identify underpayments, track balances, and support your bottom line growth.
Clear, compliant, and timely Patient Statements help streamline collections and reduce confusion. Our system ensures easy-to-read invoices and professional patient billing support for private practice and group providers alike.
We investigate every claim denial, identify root causes, and resubmit claims to ensure maximum reimbursement. Whether it’s a coding issue or a coverage conflict, we resolve problems efficiently for mental health practices.
We work with your office to align fee schedules with payer guidelines, negotiate rates where possible, and ensure compliance with evolving insurance policies—so you’re not leaving money on the table.
Our services go beyond billing. We assist with reporting, performance analysis, and consulting to optimize your psychiatry practice’s workflow, compliance, and profitability through expert practice management solutions.
Here’s why mental health providers across the U.S. trust Mental Billing Service:
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10+ Years of Experience: Trusted by mental health professionals for over a decade in psychiatric billing services and claims processing.
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98% Clean Claim Rate: Our team ensures accurate coding using correct CPT codes and ICD-10 codes, reducing claim denials significantly.
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30% Faster Reimbursements: Speed up your cash flow with timely payment posting and proactive claims management.
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24/7 Billing Team Support: Our expert billing professionals and medical coding staff are always available to support your practice.
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Full RCM Coverage: From prior authorization to patient statements, we manage every aspect of your mental health billing solutions.
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Custom Solutions for Every Specialty: Serving psychiatrists, nurse practitioners, clinical social workers, and primary care/ internal medicine practices with behavioral health.
We provide psychiatry billing services across the United States, including:
- California
- Texas
- Florida
- New York
- Illinois
- Connecticut
- Pennsylvania
- Arizona
- Washington and more
No matter what your state, our billing professionals ensure compliance with local insurance policies and regulations.
We work with all major EHRs and PM systems for seamless integration:
- Kareo
- SimplePractice
- Theranest
- AdvancedMD
- Valant
- DrChrono
- TherapyNotes and more
Our tech-friendly approach allows for secure patient data handling and real-time tracking of accurate claims and reimbursements.
Stop losing revenue to claim denials, coding errors, and billing delays.
Our expert psychiatry billing services are designed specifically for mental health providers, ensuring accurate claims, streamlined insurance billing, and more time for patient care.
Let us handle the psychiatry and mental health billing and boost your revenue collection.