Category: Billing for Behavioral Health

total cost of ownership

May 5, 2021

If your practice hasn’t started administering outcome measures or using measurement-based care, you should be. Why? Not only is it rapidly becoming the standard of care, but it allows you to achieve better patient outcomes faster, and you can get paid more for using it. Measurement-based care is defined as the systematic administration of symptom…
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Negotiating Reimbursement Rates

February 18, 2021

With reimbursement rates always under threat, behavioral health practitioners in private practice might find themselves at a disadvantage when negotiating higher rates. Larger organizations can afford to hire third-party negotiators to handle it for them but as the person wearing all the hats, you might not know where, how, or when to start. Many behavioral…
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Updated CPT Codes for 2021

January 22, 2021

What Your Behavioral Health Practice Needs to Know You’ve likely heard about the recent changes to the CPT code set and are wondering what it means for your behavioral health practice. How will these modifications affect your coding practices? Are there any immediate actions you need to take? Is there anything you need to do…
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Improve Your Mental Health Business

May 29, 2020

There are many strategies to consider when looking to improve your mental health business. Where do you start? Most successful behavioral health practices have these three things in common: They provide high-quality clinical care. They are profitable. They proactively mitigate risk for their practice. We’ve found that many behavioral health practices excel in one or…
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Billing Telehealth

April 1, 2020

Staying connected to your patients and dedicated to their care, all while keeping your business running is vital, now more than ever. Valant is here to help with your virtual billing needs as a practice and business.

June 18, 2018

Where practices lose time and resources, and how technology can help Managing a private behavioral health practice involves making several important decisions that will determine its margins. Depending on the size of the practice, owners and managers must take certain things into account, such as facility costs, human resources, and technology solutions. For those operating…
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December 20, 2017

How even the most disciplined practices botch claim submissions and what they can do about it Claims get rejected, and it doesn’t matter how thorough and experienced your billing staff is. It still happens. But practices themselves don’t always have personal responsibility for when the claim submission process fails. Even if they do everything right,…
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May 4, 2017

Manage your schedule (as well as your reputation) with a growing mental health client base A private mental health practice holds many of the same issues other small businesses hold. While smaller organizations have more direct control over the quality of the customer experience, larger practices tend to have increased complication. Where it used to…
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July 27, 2016

A guide to determine the best billing model for your private practice. Efficient, cost-effective, and accurate billing is the backbone of a healthy behavioral health practice. As the owner of a private practice, you have to determine the most economical way to execute billing tasks. Below we break down three billing options to help you…
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October 9, 2015

Drafting a patient payment agreement and collecting fees is probably not your favorite part about running a behavioral healthcare practice, but it’s vital to your practice’s survival as a business. Clinicians often worry that business transactions with patients can interfere with their therapeutic alliance, while practice administrators know the clerical hassles of handling cash. Preparation…
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