At Invicta MD, we collaborate with you to optimize your practice’s billing process, ensuring smooth cash flow and that you’re fully compensated for every session. Our expert team specializes in psychotherapy billing, managing everything from claim submissions to addressing denials so you can focus on providing quality care while we handle the billing complexities.
Invicta MD handles the entire revenue cycle management process, from credentialing to annual reviews, ensuring your income is protected while you concentrate on providing exceptional patient care. Our comprehensive billing solutions are designed to streamline your practice’s operations and maximize reimbursement.
Though unique in its approach, psychology still faces the challenges of complex medical billing and coding. Invicta MD offers complete revenue cycle management (RCM), including claims processing, rejection handling, and denials management. As your dedicated psychology billing partner, we significantly reduce administrative burdens so you can devote more time to what matters most—your patients’ well-being.
It’s possible to fully outsource your revenue cycle management (RCM), and Invicta MD makes it simple with our advanced software and all-inclusive management process. From patient scheduling to payment collection, we handle every step. Our psychotherapy billing services start even before you meet with patients by managing insurance credentialing, and we also take care of annual payer adjustments and payback. Let us manage the complexities of RCM so you can focus on your practice’s growth.
Medical billing and coding are inherently complex, and psychology billing comes with unique challenges. Not only do codes change annually, but payer requirements and policies shift regularly, making it nearly impossible for private practices to keep up. Here are some of the common issues psychology practices face when it comes to billing:
Mental health coverage varies wildly. Some policies skip mental health care entirely, and for those who do offer it, the terms are all over the map. For instance, the Affordable Care Act (ACA) mandates that Marketplace plans cover mental health and substance use treatment but leaves the specifics open-ended. Plus, coverage policies might even shift from state to state under the same insurer—confusing for anyone but our experts! At Invicta MD, our team specializes in psychology billing and stays on top of these tangled rules, so you don’t have to worry about claims compliance. Let us handle the fine print while you focus on providing care.
In some cases, insurers won’t cover therapy without a referral from a primary care physician. When booking new patients, it’s crucial to confirm they’ve already had that initial doctor’s visit. But there’s more to this than a simple check—securing referrals often requires building a solid network with local physicians. If you’re not on their radar, they’re less likely to refer patients your way, as practices often prefer to recommend professionals they know and trust. With Invicta MD’s support, you can focus on building those relationships while we ensure your billing process is seamless and claims stay compliant with referral rules.
Outsourcing to Invicta MD not only simplifies your life but enhances your practice’s profitability. Efficient mental health billing pays for itself with a smoother revenue stream. With us handling the intricate details of claims, rejections, and denials, you can focus fully on patient care rather than getting bogged down by administrative hassles. Timely claims filing and proactive management of denials mean your revenue stays on track, eliminating losses due to missed deadlines or billing errors. More time for patients, less stress on billing—it's the ultimate win-win for your practice.
Our team at Invicta MD includes certified billers well-versed in the nuances of psychology billing, guiding you through every step of the RCM process. With flexible, tailored services, we focus on what truly benefits your practice—nothing you don’t need. Imagine streamlined revenue management, timely insurance payments, and peace of mind knowing your billing is in expert hands. Get a free demo today and experience how our specialized approach to billing can optimize your workflow and let you focus on what matters most: patient care.