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How to Maximize Your Reimbursement for Group Therapy Sessions

Valant

It supports your claims and demonstrates compliance with insurance regulations. Follow these best practices for documenting group treatment: Be specific. Check eligibility for each patient up front to prevent insurance snafus. Reach out to your EHR vendor to see if they provide training on reimbursement best practices.

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Should You Use Wiley Treatment Planners?

Valant

The structured and evidence-based nature of Wiley Treatment Planners supports smoother insurance claim and reimbursement processes. Clear documentation of goals, objectives, and interventions helps explain the medical necessity of treatment, potentially reducing claim denials.

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Understand your Revenue Cycle to set your medical practice for success 

Health Prime

The revenue cycle is a complex and multifaceted system that involves various stakeholders, including healthcare providers, payers (insurance companies), and patients. It begins at the front lines of the healthcare practice, where staff members collect essential demographic and insurance information during the initial patient contact.

Billing 94
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10 Frequently Asked Questions (FAQ) About Denial Management 

Health Prime

Denial management refers to identifying, analyzing, and resolving denied claims from insurance companies or payers. It’s vital because denied claims directly impact a medical practice’s revenue stream. By effectively managing denials, practices can minimize revenue loss and improve cash flow.

Billing 77
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How EHR Reporting Helps Identify Areas of Improvement for Your Practice

Valant

To optimize staff levels and allocate resources effectively, practice managers need to have accurate insights into the practice’s operations. Identifying areas of inefficiency helps practices shift resources to the areas of greatest need, enhancing patient satisfaction.

Billing 52
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How To Start a Therapy Practice

Valant

Compliance with the Health Insurance Portability and Accountability Act ( HIPAA ) and other laws/regulations is mandatory. In addition, complying with HIPAA protects your patients, your practice, and helps you avoid fines and penalties. Your EHR software can help with HIPAA compliance.

Billing 52