Psychiatry Medical Billing Services
Psychiatry is the branch of medicine focused on the diagnosis, treatment, and prevention of mental, emotional, and behavioral disorders.
Psychiatrists diagnose, treat, and prevent mental, emotional, and behavioral disorders with the use of medication, neuromodulation, and psychotherapy. Psychiatry encompasses more than you may have realized. Psychiatrists examine, diagnose, and treat the mental and physical aspects of psychological conditions.
Initial psychiatric assessment of a person typically begins with a case history and mental status examination, physical examinations, and psychological tests may be conducted. On occasion, neuroimaging or other neurophysiological techniques are used. Mental disorders are often diagnosed in accordance with clinical concepts listed in diagnostic manuals such as the International Classification of Diseases (ICD), edited and used by the World Health Organization (WHO), and the widely used Diagnostic and Statistical Manual of Mental Disorders (DSM), published by the American Psychiatric Association (APA). The fifth edition of the DSM (DSM-5) was published in 2013 which re-organized the larger categories of various diseases and expanded upon the previous edition to include information/insights that are consistent with current research.
Instant Healthcare Psychiatry Billing Services
Mental health is just as important as physical health. Every day, psychiatrists see patients with a wide range of needs, which is why psychiatry billing is unique and requires many service-specific evaluation and management codes. Knowing the codes that are available, and the requirements for using those codes is extremely important.
Why Instant Healthcare?
Instant Healthcare staff has years of experience in psychiatry billing, which can present unique challenges and insurance issues. Through our monthly reports, we help you identify potential problems and opportunities within your practice, establishing a strong working relationship. As your partner, we will proactively work with your practice as you serve your patients and community.
Psychiatry Billing Services Instant Healthcare Offers
- Medical coding
- Accounts receivable and denial management
- Credentialing services
- Financial reporting
- Revenue cycle management solutions
- We also offer IT services designed specifically for healthcare providers:
- Security risk assessments
- 24/7 help desk
Instant Healthcare Billing Process
Instant Healthcare clients have faith in us because operational transparency is our first priority in the Psychiatry billing process. Our commitment is to offer our clients excellent services and matchless support that will give the quickest revenue without any inconvenience. The steps followed in the Psychiatry billing process are listed below:
Verifying the Eligibility and Authorization
First, Instant Healthcare performs the eligibility assessment to make sure that the patient is eligible by taking into consideration repayment capacity and the authentication of the records.
Medical Coding
Coding will be carried out in view of invoices for the services that have been availed as the Psychiatry services.
Billing Services
After coding the invoices successfully, they are then billed appropriately according to the need of compliance. And the bill will be handed over to the audit team for further audits.
Billing Audit
The Instant Healthcare team will run multiple checks on the billed data to make sure that there are no errors. After auditing the bills, the auditors will give a final authorization.
Denial Management
If any claims are returned by the insurers unfulfilled, then they are audited again by Instant Healthcare and the shortcomings are removed.
Final Claims Submission
A final and confirmed invoice is then transferred to the insurer for fulfilling the claims. Once the amount is received from the insurer, it will be transferred to the client’s account.
Why choose Instant Healthcare for Psychiatry Billing
Instant Healthcare is one of the leading Psychiatry billing services providers company because of our error-free performance in billing and coding. Below are some of the reasons that make us one of the best billing company.
HIPAA Complaint Psychiatry billing company
Instant Healthcare is a well-reputed HIPAA complaint billing company that strictly adheres to the rules and regulations that have been put forward by the HIPAA. We make sure that our expert team offers you the best of our services.
Secure Data Management
Securing the patient’s data is very important for us. Special arrangements are made the make the data secure. Only those people who can reach the data are authorized to access it.
Quality and Accuracy
We assure a maximum claim return rate because we put all our efforts to meet HIPAA compliance. We also make sure that the processes are fully verified by insurers.
Fast Turnaround
Instant Healthcare offers a quick turnaround time for billing services. This is all because of our well-organized and experienced team. We guarantee you much faster services than our competitors.
Flexible Pricing Packages
Instant Healthcare has budget-friendly pricing packages for Psychiatry billing services. We customize our services to make sure that you only pay according to the services you are getting.
Single Point of Contact
Instant Healthcare clients will get a single point of contact for all the services and timely reports. They can directly contact the person in order to clarify their concerns and queries related to the billing process.