Invicta MD has provided comprehensive billing solutions to mental health providers for over a decade. Our mission is simple: maximize insurance and patient collections, empowering our clients to focus on what matters most—patient care and practice growth.
At Invicta MD, we take a fresh approach to psychiatry billing and revenue cycle management, covering every aspect from credentialing to daily claims management to comprehensive annual reviews. Our goal? To protect and maximize your revenue. Our team is skilled in the intricacies of general medical billing and the specific codes, scenarios, and requirements unique to psychiatry.
Psychiatry requires precise, detail-oriented billing practices, and Invicta MD delivers exactly that. Our tailored revenue cycle management (RCM) handles everything from claims processing to rejection and denial resolutions, minimizing administrative burdens so that your focus can stay on patient care. Outsourcing your RCM and related tasks like payer credentialing and compliance reviews has become an invaluable solution for mental health providers nationwide.
Invicta MD’s psychiatric billing services go far beyond coding and billing basics. We offer an extensive suite of RCM services designed to support and grow your practice. From credentialing to broadening your network reach, verifying coverage, obtaining pre-approvals, and performing audits, we’re here to handle every detail.
Psychiatry billing is uniquely complex, with evolving codes, annual updates, and payer policy changes. Staying current is challenging for any busy practice, especially when patient care is the top priority. Our billing specialists at Invicta MD are equipped to handle these hurdles, ensuring claims are correctly coded, updated, and compliant with the latest requirements.
Psychiatry billing involves a labyrinth of codes, with slight variations even for similar services. For instance, distinct CPT codes specify if an evaluation was conducted by a medical provider versus a non-medical provider, making it easy for inexperienced coders to miss critical details. Add-on codes are frequently necessary and can only accompany primary codes, requiring a deep understanding of these pairings to avoid claim denials.
Psychiatric care often begins with a referral from a general practitioner, making it essential to verify that the referral has been filed with the payer before any appointments. To streamline the process for patients, many doctors prefer referring within the insurer’s network, ensuring coverage and easing access to care. At Invicta MD, we handle all credentialing for you, broadening your network reach across numerous private and government payers.
Mental health coverage is far from straightforward, even under the Affordable Care Act, which mandates mental health services but leaves coverage specifics to insurers. As a result, each plan has unique rules, and coverage from the same carrier can differ from state to state. Medicare adds another layer of complexity, with mental health care split across multiple parts: Part A for hospital insurance, Part B for medical services, and Part D for prescriptions—plus, many patients carry supplemental insurance.
Invicta MD’s psychiatric billing services are designed to navigate these intricacies seamlessly. Our team is well-trained in the nuances of mental health coverage across private insurers and Medicare, ensuring accurate and compliant claim submissions.
Psychiatry cares for a high-need, often vulnerable patient population—a demanding task for both doctors and medical staff. Adding administrative burdens to that? It’s a recipe for burnout. By outsourcing your revenue cycle management to Invicta MD, you simplify billing and relieve your team from the stress of endless paperwork and coding updates.
At Invicta MD, our certified coders and billers are well-versed in mental health billing, ensuring claims are accurately processed with minimal delays. With deep knowledge of mental health billing requirements, our team identifies potential issues early and resolves them swiftly, cutting down on time lost to claim appeals. We maximize your collections by securing payment on denied or rejected claims, so your practice sees steady revenue without the drain on your staff’s time. The savings you gain more than offset the modest fee we charge—a win-win that keeps your focus on patient care, not paperwork.
Let Invicta MD handle all your psychiatry billing needs with customized RCM services designed to fit your practice. We cover every aspect of the revenue cycle management process, ensuring accurate coding and timely claims. Our proprietary software keeps your billing up to date with the latest codes, so you don’t have to worry about falling behind. By outsourcing your RCM to us, you free up valuable time to focus on patient care. Call us today and discover how we can optimize your revenue management and help your practice thrive.