Most of the head of the behavioral health services work at demanding situations compared to other aspects of medical specialties. The mental health billing is more of a complex transaction because of patient population and the method of receiving patients insurance coverage. Knowing this, it is important for medical providers to learn the mental health billing tips.
Aside from that, this will also lead to planning events to raise awareness of persons with disabilities and mental illness. However, there are factors that may greatly affect the medical billing process. Factors may include the countless recipients of the mental health services, acceptance of assistance for drug abuse and mental health illnesses and acquiring medical treatment in primary care institutions.
Mental Health Billing through Revenue Cycle Management (RCM) Software
A specially designed application made exclusively for procedures that treat individuals with mental health issues is known as the Revenue Cycle Management or the RCM program. This software guides medical procedures to manage claims, facilitate payment, and procreate revenue. The actions tend to be done are far better compared to utilizing a generic billing system.
RCM shortens the mental health billing and collection periods. It simply means that the cycle of revenue boost up thus, enhancing the fundamentals. The software also acts as a bridge between the gap among electronic health record and systems of accounting.
In-house RCM system utilization
Basically, running an in-house RCM program needs some knowledge of the system. The mental health aspect should have to consider unique group of resources, patient community, and medical practitioners. These are all needed in assessing the possible in-house implementation of RCM system. The primary advantage of this software is the possibility of a healthy ROI.
Disadvantages of using RCM
The following are the possible drawbacks of RCM program utilization in the practice of mental health:
- Financial liabilities
- Sinful employees that may steal money
- Leaving personal client details in view of the public due to careless employees
- Shortage of staff like mental health billing section members are on vacation or become ill, it would lead to a disastrous cash flow
In terms of billing, the mental health aspects have distinct challenges. There are numbers of patients who receive the service from various agencies. Thus, it becomes harder for medical providers to disseminate the care and deal with billing process as well. The application of RCM program can work better in streaming down the mental health practices.