Should You Take Insurance in Your Therapy Practice?

One of the biggest decisions therapists face when building a private practice is whether to accept insurance. There are good reasons to do it. Insurance can help bring new patients through the door, make therapy more affordable, and provide a relatively steady stream of referrals. But it also comes with tradeoffs. Reimbursement rates may be lower than your private-pay fee, billing takes time, and insurance companies have their own rules and documentation requirements. So, is … Continue reading Should You Take Insurance in Your Therapy Practice? →

Can You Bill Therapy Services “Under Supervision”?

The answer is sometimes—but it is important to understand what “under supervision” actually means. One of the questions we hear most often from group practices is whether they can bill an insurance company for services provided by a therapist who is either provisionally licensed or not credentialed with the insurance plan. Those are two very different situations, and the answer can depend on the therapist’s license, state law, the insurance company, and the practice’s contract … Continue reading Can You Bill Therapy Services “Under Supervision”? →

Do Insurance Companies Cover Teletherapy?

Do Insurance Companies Cover Teletherapy? The internet has had a huge impact on how patients seek health and medical care. These days, a growing number of people are accessing mental health professionals via teletherapy. This allows patients to meet with their doctors using a live communication service.   Teletherapy is convenient and flexible, and it provides access to mental health care for those patients who live in areas where there is a shortage of practices. … Continue reading Do Insurance Companies Cover Teletherapy? →

Benefits of Using Psychiatric Billing Services

Benefits of Using Psychiatric Billing Services   Whether you are starting your own practice or have been in practice for years, there are several benefits of outsourcing your psychiatric billing to a qualified billing service  like Psychiatric Billing Associates. In recent years, there have been changes to cpt diagnostic codes, billing processes, billing forms, and the complexity required when submitting claims. In addition, further reforms and changes are expected in the future.     Access … Continue reading Benefits of Using Psychiatric Billing Services →

How to Negotiate Fee Increases with Insurance Companies

How to Negotiate Fee Increases with Insurance Companies Physicians are often unaware they can consider negotiating reimbursement rates with insurance companies. After all, health care providers and their networks play an important role in the insurance business. There may be times reviewing your existing contract helps, such as when there are changes or updates to CPT, diagnostic, and behavioral health billing codes.   In doing so, you could find opportunities to renegotiate a contract with … Continue reading How to Negotiate Fee Increases with Insurance Companies →