Behavioral Health Billing Services

Spend less time bogged down with insurance billing for your behavioral health patients.

Some professionals opt for behavioral health insurance billing services because such tasks are typically more challenging than other routine healthcare admin. Mostly because insurers often place service, time, and scope restraints on the treatments they cover.

With Psyquel, mental health specialists can spend more time with their patients and less time tracking payments. Request a personalized live demo now to discover the Psyquel difference.

Psyquel three devices

Behavioral Health Insurance Billing Services

Behavioral Health Insurance

One misconception about ‘behavioral health’ and ‘health’ insurance is that the former covers services the way the latter does. Unfortunately, behavioral health requires a more complex billing process. 

Behavioral health experts should have a thorough understanding of the benefits, eligibility, and reimbursement processes. Otherwise, they might waste precious resources on billing and lose focus on their patients. 

For this reason, some specialists outsource behavioral health insurance billing services. These firms boast high-level comprehension of payment restrictions, from the number of visits to pre-authorization to different billing codes. 

Behavioral Health Insurance

Behavioral Health Insurance Factors

Here are some factors that set behavioral health insurance apart from medical billing:

  • The process of using Evaluation & Management codes is not as straightforward in behavioral health insurance. 
  • In psychotherapy, specialists should include the length of every session. 
  • Insurance companies might request certain codes before releasing claims.
  • The billing format is crucial in collecting payments. Note that the process may differ from one payer to another. 
Behavioral Health Insurance Factors

Functions of Behavioral Health Insurance Billing Services

Collecting payment for behavioral health services is no walk in the park. Specialists without the knowledge, expertise, and experience in this field may find it beneficial to work with behavioral health insurance billing services. Below are some advantages of such a working relationship. 

Reduce Operating Costs

Recruiting, hiring, and training billing staff is an option, but doing so takes a lot of time and money. Instead, behavioral health practitioners can invest in outsourcing such tasks and installing the latest software applications.

Process Cases

Having a well-trained team can be the notable change specialists need to accelerate their collections. After all, they can perform administrative tasks with minimal supervision, such as confirming data, checking records availability, and submitting claims digitally. 

Develop Cash Reports

Reports like cash flow statements can help decision-makers analyze a practice’s finances. Behavioral health insurance billing services can provide these experts with all the data they need using reliable frameworks.

Create Custom Solutions

Reliable firms understand that different professionals use various collection methods. They work with several experts, and they know the ins and outs of the billing process. A trustworthy team will create a custom plan for their clients, adding only the necessary services to the mix. They are ready to help pursue unpaid claims, resolve denied ones, and post payments, among other tasks.

Gain Access to Specialized Expertise

Some firms like Psyquel serve behavioral health specialists exclusively. For this reason, teams understand the importance of correct coding and documentation. They can detect any process errors in a practice and address them accordingly.   

Frequently Asked Questions

Is behavioral health billing the same as medical billing?

No, behavioral health billing is not the same as medical billing. The former typically undergoes complex insurance processes. Unlike medical billing, behavioral health billing usually requires prior authorization, CPT codes, and documentation.

How can a practitioner improve their billing?

There are ways for behavioral health experts to improve the billing process. For instance, representatives can submit claims on time, send the necessary patient data, and follow up after submissions. However, these tasks are easier said than done. They require extensive training and practice.

What are the benefits of outsourcing behavioral health billing services?

Behavioral health specialists will benefit from outsourcing behavioral health billing services. They can reduce staff costs, improve revenue cycles, and minimize human errors. However, it’s not enough to work with any firm. It’s best to work with a trusted billing organization professionals trust.

The Psyquel Edge

For 25 years now, Psyquel professionals have been serving the billing needs of behavioral health practitioners nationwide. There are other similar firms in the country, but none come close to Psyquel’s effectiveness.

Psyquel boasts a 98.2% achievement rate in paid and closed claims. It’s one of the reasons the company has been a premier behavioral health billing team since 1997.

The US-based team offers free training without expensive start-up fees or contracts. With the help of this group, specialists can minimize delays and receive payments quickly.

The best part is that practitioners can choose from assorted service levels to match their needs, such as:

  • Behavioral health billing service: Providers who need added back office support can benefit from this program. The Psyquel team can verify new patients’ benefits, correct rejected claims, and resubmit claims.
  • Insurance claim submission service: Specialists can submit claims through the Psyquel platform. Doing so lets them track any documents they have with insurance companies. Users can check a user-friendly dashboard for notifications.
  • Behavioral health Practice Management software: Practitioners who want to more easily manage their practice can use these tools. Psyquel’s technology can help them improve patient care, streamline the billing process, and grow their practice.

Psyquel: A Five-Star Rated Service

Since the company’s founding in 1997, Psyquel has been serving the needs of practitioners nationwide. Today, it is one of the most reliable behavioral health insurance billing services in the U.S. 

Here’s what a satisfied client, Ruth, had to say about the team: 

“I have been using Psyquel for 10 years, and have been very pleased with their services. Their software is easy to use, and bills go out within a day of posting. They follow up to collect when claims have been denied. Their staff is extremely knowledgeable and helpful. I've used several other services, and this is by far the best one I've ever had.” 

Are you ready to learn if Psyquel is the ideal solution for you? Request a live demo now to discover the power of having industry-leading behavioral health billing services by your side. 

Take Advantage of the Benefits of Psyquel’s Behavioral Health Billing Services

With our easy-to-use, straightforward behavioral health billing services, we can manage your behavioral health practice, bill insurance for consultations, handle your patients’ records, and schedule your appointments — all on one handy platform.

Learn  More