Psychiatry Billing Services
Sybrid MD is offering a high-quality Psychiatry Billing Services to physician practices across the U.S. In fact, medical Billing for Psychiatry is unique and advanced expertise is required to manage it properly. It takes into account a lot of factors for example:
– The use of codes for assessment and execution
– Overseeing the testing by an expert Psychiatry billing account manager
– Analyzing the applications of specific state laws for particular policies
Our specialists for Psychiatry Billing services have the expertise and required skills to code for Psychotherapy, Assessment for Diagnosis, Neuropsychological Assessment – (examination of neurobehavioral category), elucidation of findings and entering the details accurately in the system.
Advantage of Our Psychiatry Billing Services
With our Psychiatry Billing Services, your practice will be furnished with a highly trained billing staff that can remotely handle all your billing chores with a remarkable efficiency and accuracy. We would work as your team, ready to take charge of your billing burden from day one and allowing you to focus on delivering the quality of care to your patients. We are available 24/7 to help our clients in a personalized way, listening to their problems and providing the best of the industry solutions.
Some of the salient features of our medical billing services:
Claims received from your practice are entered into Sybrid MD’s billing software for further processing. We guarantee an accuracy of over 98% within a 24-hour time frame of receipt by automating your billing flow, perfect handling of patient data, service eligibility check, and fast communication with the insurance carriers: our Cardiology Billing Services would transform your practice into a cost-effective and profiting specialty.
Claims sent to insurance companies with incomplete information are denied. Re-filing is a time consuming and a labor intensive process. Sybrid MD scrubs the claims to ensure that all relevant information for processing is included. All incomplete information is followed up with the practice. If claims have to be re-filed, we will do so at its own cost at no charge to the client.
Insurance Collections & Denial Management
Claims not paid beyond a certain date are flagged and followed up on to ensure collection. Sybrid MD follows up with each insurance company based on their specific payment schedules. We strive to keep your 60-day outstanding accounts receivable below 20%, and 120-day accounts receivable below 10%.
Sybrid MD enters all explanation of benefits, patient payments, and insurance payments into our billing software to maintain accurate accounts receivable.
We send out customized statements to patients with balances due on their accounts.
Support your staff’s entire practice workflow including managing patients, uploading documents and sending secure messages.
Timely Claim Submission
Within 48-hours of receipt of patient encounter forms (either in paper or electronically), we process and submit claims to the insurance company.
The doctor in your practice will be provided with a weekly practice scorecard. The scorecard will contain details of revenue booked, revenue collected, revenue outstanding etc. Ad hoc reporting can also be provided as needed.
Software Independent Billing
Unlike other service providers, our cardiology billing services are not dependent on any software and we work seamlessly with all practice management applications. Our medical billing services have been designed to help physician practices run their daily processes without burdensome and costly dependencies. We have made medical billing service affordable to maximize the profits of our clients by minimizing their operational cost.
Our medical billing team is expert in handling any EHR/EMR or Practice Management software. This makes us straight away manage your billing processes without incurring any upfront cost. We will use your software, and start billing the same day.
Special Psychiatry Considerations
If your practice is missing out profits because of denied claims and unsettled bills, it requires improvement in your billing processes. Performing medical billing for psychiatry specialty is unique and involves perfection and complete accuracy at various levels. It not only needs accurate entries of the daily clinical data into the system but also an expert handling of medical claims. Our Psychiatric billing services team is experienced with all the primary clinical procedures and can implement proper coding with extreme precision. We deal with numerous of psychiatry-specific billing procedures on a daily basis including:
Forensic (legal) psychiatry
Child and adolescent psychiatry
Electroconvulsive therapy or ECT
Psychosomatic (mind and body) medicine
Billing Data Security
Data breaches are daily news, and cardiologists want to know that the billing service provider is properly protecting their practice data. We offer complete compliance strategies and 24-hour response to privacy crisis and concerns. We make sure that all of our practices are HIPAA-compliant and we keep our resources updated on latest developments.
Make Your Practice Profitable With Our Help
Sybrid MD combines the management of both the front desk and Medical Billing operations with healthcare technologies to reduce cost, increase revenue, and improve overall efficiencies of a cardiology practice which results in:
Up to 50% decrease in billing cost overhead
90% of receivables paid within 90 days
Up to 80% increase in patient satisfaction
Up to 30% increase in patient visit volume
Specialized Billing & Collections Staff
The Sybrid MD billing experts work as your team, guiding you at every step throughout the implementation process; you can contact the resources at any time to get answers to your queries or to get the recent statuses.
Start your free, 30 day trial today!
Start your practice with our assistance without paying any setup charges or any cost other than our service fee. Sybrid MD’s services are not software-dependent and we work seamlessly with all practice management tools. Contact Us or Request a Free Quote if you are interested in our Cardiology Billing Services, our support team is available 24/7 to answer your queries for free.
Unlock the full potential of your practice today!
Sybrid MD is the leader in operational success within the healthcare industry. We are experts at doing the work you don’t have time for. Contact us and we’ll show you how our services can meet your specific needs.