Psychology Billing Services
MedEx MBS provides psychotherapy billing services to collaborate with you in the shared goal of configuring your practice, optimizing your cash flow and making sure you are getting paid for all of your sessions.
MedEx MBS Full Suite of Psychology Billing Solutions
MedEx MBS takes care of revenue cycle management from credentialing to annual reviews, protecting your income while you focus on patient care
We Allow Psychologists To Focus On Patient Care
In practice, psychology is quite different from other fields of medicine, but unfortunately, that doesn’t exempt the practice from the headaches of medical billing and coding. MedEx MBS offers full revenue cycle management (RCM), including processing claims and handling rejections and denials. Being a psychology billing company, we greatly reduce administrative responsibilities and allow psychologists to focus on patient care.
RCM Can Be Entirely Outsourced To One Provider
it may come as a surprise that RCM can be entirely outsourced to one provider, but MedEx MBS innovative software and comprehensive management process takes care of it from the time patients are scheduled until payments are collected and beyond. Our psychotherapy billing services can actually begin before you even see patients by managing insurance credentialing. And we also take care of annual payer adjustments and pay back.
Psychology Billing Has Its Own Challenges
Medical billing and coding are complicated and not only do the codes change every year, but payer requirements and policies do too. It’s too much for anyone in private practice to keep up with. Here are some of the issues that are common for psychology practices.
Complicated Rules for Coverage
Some health care policies exclude mental health care altogether, and those that include it have a wide range of policies. The Affordable Care Act (ACA) requires Marketplace plans to include mental health and substance use disorder services but does not detail what must be covered. Though it is more widely covered than it has been in the past, the rules for therapy may even vary from state to state by the same insurer. As a psychology billing company, we stay updated with the complicated rules.
Referrals May Be Required
Sometimes a referral from a family physician is required in order for therapy to be covered. This means that when a patient is scheduled, you must remember to make sure they have already seen a doctor, but it also adds a networking challenge to the success of your practice. If you aren’t known in the local medical community, you will not get referrals because medical offices usually try to refer to a psychologist that they know and feel confident recommending.
