Benefit of outsourcing behavioral health billing and coding
As individuals that have worked on both in-house and independent billing teams, we are often asked what is the benefit of outsourcing your behavioral health billing and coding. Any professional decision has pros and cons associated with it, but some decisions become obvious after considering how significant the benefits may be. What follows are some of the most valuable qualities that allow a standalone company like Mile High Revenue Services to outshine an in-house billing team.
Focus on your clients
The primary focus of any provider is to render quality care to their clients. All too often, we hear accounts of providers becoming preoccupied with financial and operational tasks at the peril of their patient outcomes. Relying on an outside billing company to manage all the myriad tasks that go along with successful behavioral health billing allows the provider to keep their clients their priority and prevents their schedule from getting bogged down with daily and weekly billing tasks.
Feel confident that specialists are on the case
With a primary focus on maximizing reimbursement, facilities can feel confident that an outside team working on their medical billing is zeroed in on increasing revenue. An outsourced billing company is specialized in medical billing, complete with skillsets and knowledge to inform best practices in billing. Mile High Revenue Services has deep and specialized experience in behavioral health medical billing and addiction treatment medical billing.
Let us handle the nights and weekends
Behavioral health medical billing and coding is a round the clock job. Providers know better than anyone how urgent some admissions can be. Having a billing company that takes on the task of verifying benefits or seeking authorization on nights and weekends relieves the provider of having to schedule, pay, and manage employees outside of normal business hours.
Rely on us to stay up to date
The insurance market is constantly shifting and changing. This is even more true of mental health and behavioral health carveouts. We make sure to stay up to date on the ever-evolving landscape that is behavioral health billing, making sure your services stay relevant and reimbursable as time passes.
Data collection and analysis that improves facility approaches
An often-overlooked issue in the behavioral health space is the struggle to analyze and apply collected data into the daily operations of a facility. An outsourced billing company takes care of the data collection and analysis, allowing the facility to apply the data to systems in order to improve outcomes and increase revenue.
Although there are benefits and drawbacks to having an in-house or outsourced billing team, the time and mental energy that is saved by utilizing and trusting a reliable outside company to handle revenue cycle management may be one of the simplest acts with the greatest return on investment.