With over 20 years of experience with psychiatry and psychology billing, our revenue cycle management solutions and proprietary software are designed to streamline your processes and increase your revenue.
Psychiatry and psychology RCM has its own special set of challenges. Because psychiatrists and psychologists furnish diverse and unique services, there’s a more complex billing process.
Since many insurers don’t cover mental health services, patients must go out of network and pay out of pocket. Often pre-authorization is required—and it can be difficult to get. In addition, there can be incredible variance in the length of patient sessions.
There are two main types of psychiatric services: inpatient and outpatient. While most insurance companies cover inpatient care, outpatient care isn’t always covered.
Coding can be complicated. Behavioral health billing uses codes from the DSM, while medical billing uses codes from the ICD. Inpatient psychiatry services are typically billed using HCPCS Level II codes.
Psychiatry medical billing centers around three major areas:
Because of all these variables, psychiatry and psychology RCM is less standardized than medical billing. That’s why it’s a decided plus to have a psychiatry and psychology RCM expert like Medusind on your side. As a result of our expertise in the tangled world of revenue cycle management, we’re able to collect up to 30% more revenue for you that if you’d undertaken the RCM process yourself.
Each dedicated Medusind team consists of psychiatry and psychology RCM professionals with experience in psychiatry and psychology billing, coding, and compliance. We stay updated on the latest industry regulations to ensure accuracy and compliance every step of the way.
We take a personalized approach to healthcare RCM, tailoring our services to meet your specific needs, goals, and specialty. Whether you’re a small psychiatry or psychology clinic or a large healthcare system, we have the expertise to optimize your revenue cycle efficiently.
Stay ahead of the curve with our state-of-the-art RCM technology. From proprietary practice management software to real-time reporting, our cutting-edge tools streamline processes, minimize errors, and accelerate reimbursements for psychiatry and psychology services across the country.
Your success is our priority. Your dedicated Medusind team will keep the lines of communication open and consistent, keeping their focus on meeting or exceeding industry standards in measurable key performance indicators (KPIs) for your psychiatry or psychology practice. We’re an extension of your team, committed to delivering exceptional service and ensuring your satisfaction every step of the way.
"We've been a client since 2005 and we're delighted with the speed and effectiveness of our revenue cycle under Medusind. The strong cash flow is critical for us. Plus, their ability to rapidly scale their services when we add new providers or expand our reach within different communities is invaluable. We know that we're in good hands."
Justin Gularek Executive Director"We have been impressed with the revenue cycle results that Medusind has provided like on-time credentialing, great A/R oversight, and smooth cash flow. Plus, the analytics their RCM platform delivers allows our team to prepare effective action plans for the future."
Diana Shchtman OptometristBoost your practice’s profitability and efficiency with streamlined revenue cycle management.
Reduce the risk of errors by reducing the cognitive load of the clinicians and the burden on the admin team.
Eliminate your most time-consuming tasks, freeing up time for patient care and high-level tasks.
Enjoy flexibility with everything from your practice management software to your growth strategy.
Receive outstanding service and support from a dedicated Medusind team that is 100% focused on the success of your practice.
Make informed decisions for the success of your practice with our detailed reporting and analytics.
Get in touch to learn how Medusind’s expert revenue cycle management solutions can take your practice to the next level.
Tell us about your business or organization and we’ll connect you with a Medusind expert who can show you the products in depth, and answer any questions you have. See how a provider, office manager, or biller use Medusind to empower their practice.
Tell us about your business or organization and we’ll connect you with a Medusind expert who can show you the products in depth, and answer any questions you have. See how a provider, office manager, or biller use Medusind to empower their practice.
Tell us about your business or organization and we’ll connect you with a Medusind expert who can show you the products in depth, and answer any questions you have. See how a provider, office manager, or biller use Medusind to empower their practice.
"Having Medusind as a partner has been a great asset to our practice. The detailed monthly reports and the one-on-one contact with a dedicated practice consultant are great advantages. The credentialing team saves a lot of time and stress from an administrative standpoint. The most popular service for my staff is the authorizations team: the value they bring to the table is incredible!"
MIchael Calvert Administrator