Remove Insurance Remove Patient Care Remove Whitepaper
article thumbnail

The Impact of Falling Interest Rates and Lower Inflation on Your Behavioral Health Practice

Valant

Expectations of falling interest rates and lower inflation earlier in the year have come to pass, and these changes can have significant implications for behavioral health practices, affecting everything from operational costs to patient care.

article thumbnail

Understand your Revenue Cycle to set your medical practice for success 

Health Prime

The revenue cycle in healthcare refers to the entire process of managing the financial aspects of patient care, from the initial appointment scheduling to the final payment received for services rendered. Regularly updating patient records is equally essential, as it helps prevent billing errors and delays.

Billing 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Telehealth Capabilities HIPAA-compliant telehealth capabilities allow you to treat patients remotely in individual or group therapy sessions.

Billing 98
article thumbnail

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

Valant

This level of control allows you to create an environment that reflects your priorities for patient care. You can decide to specialize in certain treatment methods or set up your practice to be more welcoming and accessible to specific patient groups.

article thumbnail

Transform Your Workflow: How Wiley Treatment Planners Enhance Care and Save Time

Valant

Efficient treatment planning is important, too—it allows providers to spend more time on direct patient care and less time on administrative tasks. By providing practitioners with pre-written, customizable content, the planners make it possible to reduce time spent on documentation , allowing for more focus on direct patient care.

article thumbnail

How EHR Reporting Helps Identify Areas of Improvement for Your Practice

Valant

Clinical reporting is a critical tool for optimizing a practice’s operations, ultimately leading to improved patient care and outcomes. Consequently, basing decisions on inaccurate or incomplete data could lead to misguided treatment plans, compromised patient care, and potential legal ramifications.

Billing 52
article thumbnail

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. This plan should be built in collaboration with the patient to gain buy-in and trust.

Billing 52