Insurance claim denials can be one of the most frustrating aspects of the billing cycle. Providers often don’t know exactly why a claim was denied, but the impact on your revenue cycle can be profound. Unfortunately, a large proportion of denied claims never get appealed, and the revenue they could have generated is simply lost.…
Medical billing errors negatively impact healthcare practices in many ways. Some errors reflect actual illegal behavior with severe consequences. Others simply create major operations delays that damage your revenue stream and workflow. Whatever the case, RevWerx is here to help. We can help you spot errors in your billing system through an internal audit. After…
What is medical auditing? Do you feel a small spike in anxiety just by hearing the term? You got into behavioral health to help patients. You probably don’t start your day excited to wrestle with insurance companies and spend all of your time thinking about billing. Nevertheless, proper billing procedures and insurance claims management are…
Offering comprehensive care to your patients while maintaining an efficient billing system can be a challenge. Processing patients’ insurance is often especially difficult. A single data entry error can result in weeks of delays to payment. Fortunately, at RevWerx, we’re here to help you with every step of your revenue cycle management. It all starts…
A patient comes into your office. Your front desk staff verifies their insurance and then sends them back for their appointment. A few weeks later, the patient receives their bill and calls your office furious. Their financial responsibility has come as a complete shock. If this series of events sounds unpleasantly familiar, you’re not alone.…
Having an up-to-date system in place to manage delayed claims is more important than ever to maintain the profitability and viability of your practice. Denied claims and delayed claims have drastically increased in recent years, which hurts the healthcare industry overall. Behavioral health counselors and their practices are particularly vulnerable to delayed claims due to…
Many behavioral health practices use their staff to manage in-house billing services for their clients. This may work in the short term, but adding this extra responsibility to overworked staff can give rise to unnecessary complications, errors, and delays. These additional issues add up to financial strain on the behavioral healthcare-based business. The true goal…
Mental health billing can be frustrating to navigate when compared to other medical billing. From the preauthorizations, unique range of services offered, and accounting needed, it may seem like you’re at more of a disadvantage than practitioners in other fields. If your business seems to face extra difficulty getting claims honored, know that this is…
If you are a mental or behavioral health professional today and you’re having issues getting reimbursement for your claims or experiencing an increase in denied claims, you’re not alone. The country is in the midst of a mental health and substance use epidemic parallel to the Covid pandemic. Many people are having to jump through…
If you run a healthcare practice, remaining financially viable should be a top priority. An economically sound practice will allow you to provide your patients with the best possible care and treatment and invest in future growth. A significant contribution to the financial health of practices today is implementing revenue cycle management (RCM). Revenue cycle…
