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…
read more
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…
read more
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,…
read more
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…
read more
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…
read more
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…
read more
March 26, 2014
This webinar is Chapter One of our Practice Management Success series. Micah Adler, MBA, will be reviewing best practices and strategies for cash only practices, examining Insurance, Medicare and Medicaid, comparing in-house billing to out-sourcing, and explaining why one would pay for a clearinghouse. Objectives: Billing Strategies – it’s all about control! 7 Tips: Best…
read more
December 30, 2012
Fee agreements for your behavioral health care practice are critical because they help manage client expectations, offer protection for providers, and free up in the long run. Patient’s Expectation Patients need to make informed decisions about their clinical treatment – they need to (a) know the provider is able to meet their clinical needs and…
read more
August 7, 2011
There are some obvious thoughts about what it means to stay on top of your practice’s accounts receivable. At a very high level, this means having an understanding of revenue cycle management. The question is, how can you apply that concept to the effective administration of a psychiatric or behavioral healthcare practice? Here are some…
read more
