Recent reforms have changed the complexion of the healthcare industry. Psychiatry group practices are pressurized to maintain a healthy cash flow and improve patient engagement amidst declining reimbursement. Managing the revenue cycle of group practices is expensive, variable, fragmented and complex. But it needn’t be that way anymore.
Effective and proven revenue cycle management strategies will help you increase net revenue and tighten your revenue cycle. Learn how our revenue management strategies for Psychiatry group practices will help you increase bottom-line benefits and how analytics complement our revenue capture capabilities.
Net revenue improvement
Increased regulatory compliance
24/7 workflow. 7 specialized teams
98% first pass claim acceptance rate
Revenue cycle optimization tools
Standardized RCM processes
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Prescriptive yet customized revenue cycle management services
Practice Management Services
Our practice management services for Psychiatry group practices will help you handle everyday revenue cycle, accounting and medical billing functions more efficiently.
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We offer credentialing, Medicare revalidation support, obtain contracted allowables, help with NPI registration and handle managed care contracting issues.
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Medical Coding Services
Our medical coders are AAPC certified. They increase the coding throughput and efficiency of your Psychiatry coding process. Reduce DNFB and increase revenue.
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See how we transform your biggest challenges into opportunities
Transitioning from the tried and tested fee for services model to the riskier (though more rewarding) value based payment environment can be tough on group practices. Bundled payments provide a middle path that makes the journey less stressful. The risk and rewards are arguably, the highest for Psychiatry practices. But bundled payments add more complexity to the billing and collections process and this is one reason why healthcare organizations are wary to adopt this model. You need a trusted partner to make the leap. And we are one for several Psychiatry group practices based in California, Texas and New Jersey.
A powerful tool to help you thrive in a bundled payment arrangement
The Physician Productivity Metrics Tracker tool will enable Psychiatry group practices to view the individual productivity scorecard, work RVUs, productivity metrics, charges, collections, productivity ratio and more, of physicians. Track and analyse a detailed scorecard of individual physicians in under 2 clicks. We put the power of accurate data in your hands so taking decisions and apportioning payments is no longer an irksome task.
We help you adapt to the consumer driven healthcare marketplace of today
In the current healthcare landscape it is important to simultaneously increase patient collections as well as patient engagement. At BillingParadise we help you strike the perfect balance between both.
Key benefits of our patient billing services
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Monitor vital patient payment metrics effortlessly
To survive in the patient centred healthcare marketplace you to monitor and analyse enormous amounts of patient payment data. Instead of assimilating layers of information BillingParadise helps Psychiatry group practices to trim the fat and view the details that matter.
With our PatientPaymentTracker your medical group can:
Know How We Helped an Urology Clinic in Minnessota
Adopting or replacing an EHR will have far-reaching implications in the revenue cycle of a healthcare organization. To avoid financial risks and temporary setbacks in revenue work with our revenue management experts. With right strategies, teams and technology we help you transform a tough challenge into an opportunity for growth. We recommend revenue cycle best practices to maintain revenue cycle performance during the strenuous adoption/migration stage.
With our EHR focused revenue cycle management services Psychiatry group practices can:
No sweat. We work with your EHR
At BillingParadise we love working with EHRs. We work with Allscripts, NextGen, eClinicalWorks, eMDs, Amazing Charts, Greenway, Cerner and several other major EHR and practice management systems every day. To know more about our EHR billing services for Psychiatry group practices click here.
We also offer:
Know how we helped a spine care center increase revenue
The backbone of all healthcare data is claims data. Tracking key revenue cycle performance metrics is essential to make process improvements and identify revenue leaks. A recent survey reveals that the top challenge faced by healthcare CFOS is tracking RCM metrics. Here’s finally a tool that gets it right.
theBillingBridge is a free revenue cycle reporting tool that will enable your Psychiatry group practice to track revenue cycle metrics, view detailed collection reports, understand your claims cycle better and offer you full visibility of your RCM processes. It is built to work in the Smartphone environment and is available on both Android and iOS platforms.
It is integrated with several major PMS, EMRs and EHRs like Kareo. Data that is captured in your PMS is instantly available on theBillingBridge because it is seamlessly integrated with the system you use.
With theBillingBridge you can:
And a host of other secure, HIPAA compliant, customizable features! Sounds good? Please ask for a free demo of theBillingBridge to know why you should download it.
See how an Orthopedic hospital dealt with
in your fingertips to take data-backed decisions
Well. The proof is in the pudding
"My revenues have finally started making an upward climb and I should thank Billingparadise for it."
- Dr. William, Owner and CEO
" After 90 days period, we have presented the denial report to Dr. Mona, like a clean slate with about 98.4% denials effectively managed. Dr. Mona was amazed and said, “It is incredible for me that my practice has achieved such a high reimbursement and you really jumped into the play like a knight in shining armor. Thank You BillingParadise!” "
- Dr. Mona Gonzalez, CEO
An answer for your every need
Do you want a powerful Psychiatry for your billing aches? BillingParadise is your answer. Our Psychiatry billing experts can up your collections ratio and decrease workflow hassles. And the best aspect of working with us is that we have a solution for every concern of yours.Click to Read
Contain costs with our Psychiatry EHR/EMR billing support. Missed dinner again?Most users complain that an EHR adds to the number of hours they work. We bill and process claims within your EHR system so you can get back home early. And spend less time worrying about,whether you fed your system with the right billing information.Click to Read
Most Psychiatry practices struggle with revenue loss after a compliance update. At BillingParadise we minimize regulatory pressures by staying on top of evolving regulations and ensuring that your practice is completely compliant. Mitigate the risk of non-compliance and eliminate audit risks.Click to Read
BillingParadise's stand alone old AR clean up / recovery service will let you submit accurate & error free claims. Which means our dedicated AR management team will follow up with your old unpaid claims. We will assign you a dedicated insurance specific calling team who knows the language of your payer. Our AR callers are Psychiatry specific, trained and certified professionals.Calculate your Pending AR
Optimize the many moving parts of your revenue cycle with BillingParadise’s psychiatry revenue cycle management services. Our certified revenue cycle specialists will improve the compliance and performance of your psychiatry RCM processes.Click to Read