PGM Billing, a leading provider of integrated physicians billing services, practice management and revenue cycle management services, and ICANotes, a comprehensive electronic healthcare records solution for psychiatry and behavioral health professionals, have published a whitepaper discussing the benefits of the PGM and ICANotes’ billing platform for mental health professionals.
The whitepaper, titled “The Case for Fully Integrated, Outsourced Billing,” outlines the financial challenges facing mental and behavioral health practitioners (e.g., declining reimbursement, increasing denials, complex coding and billing rules, increased regulations) and then details how the billing platform provides these professionals with a resource that turns practice management into a streamlined process.
The benefits to practices that use an outsourced billing solution include increased collections; cost savings; alleviated stress associated with staff hiring and training; access to detailed reporting that can help with payor contracts and benchmarking; and improved efficiency.
The whitepaper also includes a short case study on an ICANotes user who outsources his billing to PGM, and has reaped the benefits of using outsourced mental health billing services.
View the whitepaper on outsourced mental health billing (pdf).