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What Behavioral Health Students Need to Know Before Starting or Joining a Practice

Valant

Do you know how to manage insurance claims to minimize denials and maintain your cash flow? It streamlines communication with patients and creates a professional impression. Billing and Revenue Cycle Insurance claims are complex, which is why some practices employ dedicated billing staff. Download Template

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Understanding the New Mental Health Parity Rule: Implications for Behavioral Health Practices

Valant

The Biden administration announced a finalized Mental Health Parity Rule on September 9, 2024, bringing significant changes to how insurers cover mental health care. The insurance industry has raised concerns, arguing that the rule could drive up costs. Ultimately, the changes may improve access for patients.

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A Comprehensive Guide to Meaningful Use and EHR

Arkenea

It also consists information about demographics, medical insurance, and data acquired from wearable health devices. EHR ensures that data is shared with the healthcare facilities and practitioners for better coordination and patient care. Note smoking status of patients’ over 13 years age.

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Managed Care History Part III: The Rise of Machine-Driven Managed Care

The Healthcare Blog

If you missed it read Part 1 & Part 2 By JEFF GOLDSMITH Two major changes in health insurance ensued as the US health system entered the 21 st century- a strategic shift of health cost risk from providers to patients and the emergence of machine driven managed care. million enrollment as of November 2024.

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Running Your New Practice: 4 Functions to Consider Outsourcing and Hiring For

Valant

There are four critical functions that practitioners should evaluate for outsourcing or hiring: billing, payroll, insurance credentialing, and human resources (HR). Changes in regulations, insurance requirements , and technology mean that practitioners must be proactive to meet the evolving needs of their patients and the industry as a whole.

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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.

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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. Key Components of an Operating Budget Overhead costs are the ongoing expenses required to maintain a practice’s operations, excluding direct patient care costs.