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HealthIT Answers June 30, 2024
4 Overlooked Ways Behavioral Health Organizations Can Boost Revenue
By Javier Favela, VP of Integrated Care Solutions, NextGen Healthcare
Centralize billing and consolidate multiple clearinghouses
Behavioral health organizations, especially for-profit or private equity-backed organizations experiencing acquisitions, face challenges when consolidating multiple electronic health record (EHR) systems. Critical problems can manifest on the revenue cycle side in regard to maintaining integrity, i.e., ensuring a patient is accurately billed and the organization is reimbursed appropriately. In the substance use disorder sector, where state-specific rules complicate processes like methadone dispensing and billing, the most effective organizations consolidate their operations. Organizations that make moves to adopt a single, robust practice management system and clearinghouse, integrating all claims and financial rules into one cohesive system,...
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