If you’ve been wondering about whether you should outsource your mental health billing responsibilities, then consider these 5 signs.
1. You’re New to the Practice
When you consider everything it takes to get a new clinic up and running, it might be in your best interest to outsource to a professional to help get your revenue stream started.
2. Your Clinic is Growing
As your practice grows, so will your administrative duties. For you and your practice to continue to provide quality care to patients while growing, outsourcing your billing will help provide a peace of mind.
3. Too Many Costly Billing Errors
As claims denials come with additional costs to correct, as well as requiring more of your time and energy, outsourcing can effectively stop to issues related to errors, including re-submission processes and fees.
4. Revenue Stream is Slowing Down
You need a solid income stream to keep your clinic operating effectively. If billing mistakes, coding complexities, and reduced reimbursements or denials have negatively affected your collections, then you need to consider outsourcing your billings to help increase your revenue.
5. In-House Billing is Costing Too Much
When you consider the costs associated with hiring an in-house biller (salary, insurances, social security, and other labor expenses), you may be surprised it’s costing you more than simply outsourcing.
Ready to Alleviate Your Billing Headaches?
Free up your time and energy to focus on doing what you love. Anchor Point Billings Solutions works as an extension of your practice by offering mental health billing services for clients across the US. See how affordable outsourcing can be. Get in touch today to request a free quote.
Success Story: The Center for Counseling & Training
We’ve partnered with The Center for Counseling & Training to help increase their receivables. Check out the results.
About
The Center for Counseling & Training is a multi-provider private practice located in Missouri. They offer comprehensive counseling services for patients starting at 3 years old.
Challenge
With a team consisting of 8 fully-licensed providers who accept most major private insurance plans, The Center for Counseling & Training sought help from a professional mental health billing company to outsource the billing insurance needs.
Results
15.33% Increase in Receivables since partnering with Anchor Point Billing Solutions
“As mental health professionals, we often preach about self care but don’t always practice it. About 4 months ago, I made a difficult but necessary decision to outsource our billing services to a professional service. I had been doing ALL of our billing for 10 years outside of seeing a full caseload. Doing insurance and private billing for 8 providers was just too much. BEST DECISION EVER! If you are looking for a billing company contact Lakeita at Anchor Point Billing Solutions. She and her team are professional and knowledgeable. “