How To Increase Collection Rates While Improving Patient Recovery
Why is billing so important?
The first question that needs an answer is, why is billing in your Behavioral Health practice so important? The simple answer is this: billing is one of the defining factors of your worth as a Behavioral Health provider. Patient recovery is likely the top indicator of your success as a provider but, a close second should be the return on your investment of time and skills. You have worked tirelessly to be the best you can be at providing a range of services for those struggling with Behavioral Health issues. This hard work deserves the right compensation and an increase in collection rates.
How do I ensure proper billing management?
If you’ve found yourself reading this article, it’s likely because you are up to your neck in managing your own Behavioral Health billing. This is where you are going wrong and losing your worth as a provider. So, the question is, what do you do with your billing? If you aren’t the one handling the finances, who else will? The key to success is outsourcing. By hiring a company you trust to handle your billing, you can improve your focus on patients and their recovery, as well as see an increase in your collection rates.
Who do I trust with outsourcing?
The questions of “why” and “how” have been answered, leaving you with the question of “who”. Understandably, trusting another company with something as important as your Behavioral Health practice and its billing can be difficult. This is the part where Nextus Billing Solutions comes in. We pride ourselves on our ability to understand the unique and important relationships you have with your clients. Knowing how special these relationships are, plays a major role in everything we do as a billing solutions company.
Also, our software can provide quality assurance for all of your billing and claims needs. We can maximize both the speed and potential of your payments. This allows you to focus solely on your patients while we focus on increasing your collection rates.
Not only do we provide top-of-the-line software but, we also provide account management. Different from other billing companies, our account management is single contact. We have one person from Nextus that works directly with you and your practice. We believe that this type of account management provides efficiency and good communication.
Another thing that sets us apart from the rest is our key insights into the billing industry. We are constantly monitoring key performance indicators so that we can continuously grow as the billing and claims industry grows. Doing this allows us to be consistent leaders in our field.
While increasing collection rates and focusing on patient recovery seems nearly impossible to juggle, it is doable. All it requires from you, as the provider, is continued focus and care for your patients and trust in a Behavioral Health billing service like Nextus. We provide top-notch utilization review, billing and claims services, account management, and industry monitoring to ensure that you are receiving the very best from us. When we can give you our best, you can give your patients your best. At the end of the day, that is what matters to us!