Reliant Practice Medical and Mental Health Billing Services
Why Outsource Billing For Your Private Practice?
Many practice owners are confused, overwhelmed, and frustrated by their billing responsibilities, especially the insurance claim process. That’s not surprising considering the nearly 10,000 different CPT (Current Procedural Terminology) codes they are expected to know and the many different ways insurance companies interpret and respond to each of these codes and/or modifiers on claims.
As a result of this complexity, as many as 80% of medical bills in the U.S. are estimated to contain errors. Some of these errors will be caught, leading to time-consuming back-and-forth conversations between providers and insurance agencies. Other errors will be missed, leading many providers to unwittingly underbill.
To avoid billing errors, you will not only need to be familiar with thousands of CPT codes and potential modifiers, but also keep up-to-date with the hundreds of changes and additions made to the CPT system each year. The alternative: Let an expert handle it for you by taking advantage of our medical and mental health billing services.
We have first-hand experience in both private practice management and the healthcare field, therefore we have a thorough understanding of the nuances associated with medical and mental health billing. Depending on your desired level of involvement, we will act as a consultant, work together with you, or completely manage your practice’s billing process.
When you take advantage of Reliant Practice’s billing consulting and services, you will enjoy:
Fewer Unpaid Claims
The thought of making a billing mistake can be nerve-wracking, especially if you are just getting your practice off the ground. If you do make a mistake, you will need to take time away from your healthcare responsibilities to rectify the situation. You may not have the time or know-how to ensure you are being properly reimbursed and collecting the funds you are owed. We accept payment based upon the billable allowances as set forth by the state in which you practice. Insurance companies will pay you as little as possible, but we will reduce your unpaid and underpaid claims by advocating on your behalf.
Better Communication
When you work directly with insurance companies, you will only be able to work with them during their designated business hours, which may not even be in the same time zone as your practice. It is also likely that you will end up speaking with a different representative every time you call, forcing you to explain your situation again and again. This scenario often proves difficult for you to ensure a complete and thorough resolution of your claim. When you trust Reliant Practice to push through your claims, you will work with a dedicated team that will focus on each client individually.
More Time To Provide Direct Care
Every minute you spend tracking down claim information during your practice’s business hours is a minute you cannot spend providing direct care. This interruption forces you to miss out on potential income opportunities. If you charge $100/hour, for example, and spend one business hour every day on billing, you may be losing up to $500 on a weekly basis. When you reclaim this lost time by hiring Reliant Practice, you will be expanding your income potential and, in most cases, generating additional revenue well beyond the cost of our services.
Reclaim Lost Income With Reliant Practice’s Professional Billing Services
Our dedicated team and HIPAA-compliant billing system allows us to provide the desired level of billing support for your business. We will assist you in collecting the pertinent information to maximize the efficiency of the billing process. We understand the many common stumbling blocks associated with billing and will help you navigate them. Contact us today to discuss how our medical and mental health billing services will decrease billing challenges and improve your practice’s profitability.
If you are running a private practice, you probably wake up each morning with an extensive list of responsibilities to tackle and limited hours to get it all done.