Know Your Insurance Payer Mix: 5 Reasons to Predict The Future
Everyone wants to know the future, especially when it comes to forecasting revenue for your behavioral health agency. You can try complicated revenue projection models or business analytics tools, but there is a far simpler way to help you maintain a firm grasp on your agency’s future. Know your payer mix! I know it sounds […]
The Top 4 Reasons to Measure Payment Write-offs Every Day
Merriam-Webster defines a “write-off” as follows: 1. To eliminate (an asset) from the books: enter as a loss or expense. When an insurance company pays you less than you expected for a service, do you really believe that you should have incurred a loss? Do you believe the service your agency provided is any less of an asset? […]
Billers Can’t Be Shy with Contractual Charges vs Contractual Payments
There’s no time to be bashful when your job is to bill claims on behalf of a behavioral health agency. To ensure your agency is getting paid for all the services you’re providing it is imperative that you’re willing to pick up the phone and make a call. But before you can start making calls, […]