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3 Ways to Get Credentialed with Insurance Companies

Valant

Insurance credentialing is an important, intricate process that results in you becoming a “paneled,” in-network provider for a health insurance plan. In this article, we will explain how to get credentialed with insurance companies using the three most common methods. Blog What Is an Insurance Panel? Medicare ).

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Opening Your Own Practice vs. Working at a Group Practice: Pros and Cons

Valant

This means you can create a work schedule that accommodates your personal life. Billing, scheduling, and other administrative tasks are often handled by dedicated staff, allowing providers to focus more on patient care. Cons of Opening Your Own Practice Starting your own behavioral health practice also comes with challenges.

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What Your Private Practice Operating Budget Should Look Like

Valant

There are a number of factors to consider, such as service fees, patient volume, and reimbursement rates from insurance providers. Examples of overhead costs include rent, utilities, insurance premiums, administrative salaries, and software subscriptions. An operating budget has fixed, variable, and isolated costs.

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How to Build a Thriving Behavioral Health Client List

Valant

A strong client base not only ensures financial stability so you can focus on delivering high-quality care without concerns about filling your schedule. A scheduling tool reduces barriers to booking appointments. Download Template When choosing a niche, think about your skills, interests, and market demand.

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How to Run a Successful Group Therapy Session

Valant

Working with multiple patients at the same appointment affects everything from how you schedule sessions to how you take progress notes, and a system that runs smoothly makes for a better patient experience. Scheduling: You’ll collaborate with group members to select a meeting day and time that works for everyone. Download Template

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Meeting Psychiatrists’ Technical Needs: A Practice Owner’s Guide to EHR

Valant

In addition, it’s important to be able to obtain prior authorization from insurance and track prescription statuses. Look for vendors that offer multiple communication methods to fit your practice’s busy schedule, including emails, phone assistance, and live screenshare sessions.

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Navigating the Transition from Clinical to Administrative Roles in Behavioral Health Practice

Valant

You’ll also need to manage, or at least oversee the management of, daily administrative tasks like scheduling, billing , and staff supervision. Don’t forget liability and malpractice insurance, which will help protect you from expenses in the case of lawsuits or claims filed against your practice.

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