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Accurate Billing to Help Psychiatrists Pursue Practice Smoothly
Coding and billing of your mental healthcare services adhering to the latest regulatory guidelines for increasing reimbursements. Practice contracting with maximum insurance companies to ensure your consistent growth in the healthcare industry.
We at Marklab understand that mental healthcare practice incorporates different diagnoses and treatments that complicate billing and limit profits. However, working with our professionals, you can easily overcome both problems. The team stays updated with ICD and CPT’s revisions in psychiatry coding standards and applies codes accordingly to maximize income.
Moreover, our RCM professionals reduce your job stress by handling your practice’s revenue cycle completely. The team actively verifies your patients’ insurance eligibility before treatment for proper billing. They complete claims, scrub them, and submit them to paying authorities for timely encashments. Further, they document paid and in-process claims to smoothen the revenue stream.
Why Choose Us?
You might find multiple psychiatry billing service providers, but our billing team stands out from them. Here is why you should choose us:
- Practice Audits
- Billing Audits
- 24/7 Services
- 20% Revenue Increase
- Optimized Practice Marketing
Psychiatry Billing Plan
Psychiatry billing is a bit complicated due to multiple diagnoses and treatments. However, we simplify it by following a special plan that covers:
- Insurance Eligibility Checks
- Patients’ PHI Collection
- Session Documentation
- Coding & Billing
- Payment Collection
Psychiatry claim filling is a bit complicated process because of multiple treatment variables and codes. But, our RCM professionals having years of experience easily handle the process. Further, they scrub each claim before submission to ensure accuracy and encashments in the first go.
Frequently Asked Questions
Efficient psychiatry billing is crucial to providing high-quality mental healthcare. However, providers have their concerns regarding the process. Below we have answered some questions that they frequently ask. Whether you’re practicing mental healthcare individually or affiliated with a hospital, these will effectively clear your confusions. Let’s have a look:
CPT codes are usually selected considering the medical service type. For example, evaluation and management codes cover patients’ clinic visits, and psychotherapy codes cover therapy sessions.
Marklab’s RCM professionals exclusively help recover denied claims. They identify the error and rectify it for proper reimbursement. If the denial is incorrect, they provide additional documents with evidence for appeal.
Yes, there are specific codes for telepsychiatry services like 90791 for initial evaluations and 90832 for psychotherapy sessions.
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