Jun 19, 2023

Helping Behavioral Health Facilities Maximize Revenue

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Behavioral health facilities need to maximize revenue for their businesses. A process designed to make sure that clients get exactly what they deserve is a great way to do that. We know that their business depends on a healthy and steady revenue cycle. That is why effective revenue cycle management is so important to us at Nexus Billing Solutions. We often say “We treat your business like our own because it is.” That is a statement we truly believe in and live by as a behavioral health billing and claims solutions provider. Here are some ways we can help behavioral health facilities maximize their revenue:

Understanding Revenue Cycle Management (RCM)

The first step to knowing how Nextus helps behavioral health facilities maximize their revenue is to understand revenue cycle management. Behavioral health requires a specialized type of billing process that is directly correlated to RCM. The steps include verifying benefits and eligibility, collecting payments, and electronic payment processing. Other factors that play a major role in behavioral health revenue cycle management also include the length of a visit, the visit limit set by insurance companies, and the components of psychotherapy and psychiatric evaluation. The aspects of this sort of billing are intricate, unique, and so important to the overall success of the RCM for a behavioral health facility. Nextus Billing Solutions makes it a point to have a firm grasp on every part of this in order to maximize a facility’s revenue.

Account Managers That Care

Another way to help to maximize revenue for behavioral health facilities is by providing each facility with an account manager that truly cares. We assign each behavioral health facility its own account manager. Those account managers handle all of the ins and outs of the facility’s billing and claims. Our account managers provide complete transparency and direct contact for our clients. Our clients are able to directly contact their account manager with any questions they may have in regard to their billing and claims. At Nextus, we put people first, have an excellent process, and are committed to growing better alongside each of our clients. 

Third-Party Negotiations

Of all of the things that our account managers do to help maximize revenue for behavioral health facilities, third-party negotiations are arguably the most impactful. As mentioned earlier, our managers go to bat for our clients so that they can focus on their patients. Account managers negotiate on behalf of our clients to get the compensation that they deserve. Third-party negotiations can often be daunting and time-consuming. We love that we get to eliminate that stress from our clients so that they can focus on doing what they’ve set out to do: helping people with behavioral health struggles get the healing they need.

Through a thorough understanding of revenue cycle management, account managers that care, and successful third-party negotiations, Nexus Billing Solutions is able to help behavioral health facilities maximize their revenue. We believe and fight for the fact that behavioral health providers deserve fair compensation for what they provide. They fight day in and day out to help those who are struggling with behavioral health disorders so we fight day in and day out to ensure that their billing and claims are handled with the utmost care and attention. To learn more about our solutions, visit our website today!