Accurate and efficient billing is crucial to running an effective behavioral health practice. But, you can have difficulty with revenue cycle management if you don’t have the resources. Outsourced medical and behavioral health billing can help these practices serve clients better.
Here are five ways your practice could benefit from outsourced revenue cycle management services.
1. Increased Accuracy and Compliance
As healthcare technology grows, compliance policies change to make room for it. If you don’t have someone to keep track of these updates, you have to take time away from serving clients. Since outsourced services specialize in billing, they already understand how to stay compliant. Their staff members also dedicate themselves to maintaining accuracy. Thanks to these factors, your clients receive accurate and compliant billing, and you have more time to help them.
2. Maximized Security and Privacy
You want to keep your clients’ personal information safe to follow HIPAA and protect them from harm. An established revenue cycle management provider will make their security policies transparent. As best practices for data safety evolve, so do their confidentiality measures. You and your patients’ information stays secure in a professional services’ hands.
3. Improved Efficiency
Outsourced behavioral health billing services understand how to process claims quickly and accurately. If you choose a service that trains your staff members, they can also help your team work faster. Companies that have direct relationships with insurance providers can improve efficiency even further. Since they don’t have to send their claims to a separate clearinghouse, your billing gets processed more quickly.
4. Reduced Costs and Increased Profits
The money invested in a quality billing service often increases a practice’s profits. You avoid spending money on the latest billing software, equipment and training. Improved accuracy and efficiency help you receive higher reimbursements from your claims, as well. With an expert handling your revenue cycle management, you can rest assured you’ll make the most out of your money.
5. Happier, Healthier Clients
We saved the most important benefit for last — client satisfaction. Outsourced medical billing allows you to achieve your goal of increasing client wellness. Letting a professional service process your claims gives you the time and resources you need to focus on the people you serve. It also reduces the stress put on your staff, making it easier for them to provide quality care.
Outsource Billing Services From Orion Healthcare Technology
Did you know that Orion Healthcare Technology offers outsourced behavioral health billing? While we specialize in behavioral health and addictions, we also serve medical practices. Our team members understand the best practices in the industry and aim to get you the highest reimbursements possible. We charge a percentage-based fee calculated from your collected payments. That means providers of any size have the chance to benefit from our billing services.
Would you like to learn more about revenue cycle management services from Orion? Visit our outsource billing services page or get in touch with us online. We also have a Frequently Asked Questions page that provides even more information.