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What is a Fee Schedule?
The fee schedule is the breakdown of what the insurance company will pay for specific services, otherwise known as the contracted rate. It is sometimes sent as part of the contract with the insurance company, however it could also be a separate document. It will likely be a table that includes a list of CPT codes, and the dollar value that the insurance company is agreeing to pay for that particular code, sometimes broken down by level or type of license. You will have a diff
How to Know Where Your Money From Insurance Goes
There are fewer things more important than knowing where your money goes from insurance in private practice. Knowing where your money goes is critically important for a variety of business processes. Some practitioners in private practice have a hard time balancing the complexity of business processes in private practice so we would like to help provide some direction and clarity so that you can run your private practice in an efficient manner. In order to understand where yo
Everything Your Biller Wants You to Know About Insurance Billing
We’ve gone directly to the source and asked our billers for the best advice that they can give! Know Your EHR An EHR is a powerful tool, but only if it’s being used correctly. The more that you can familiarize yourself with the tools and features of your EHR the better! Most EHR companies have support teams or web pages with tutorials on their software. Familiarizing yourself with different features can help you to get the most out of the software, and ultimately can make you
Helping Your Clients Understand How Insurance Works
One of the biggest struggles in private practice is not knowing how insurance works or navigating the complex world of insurance, but helping your clients understand how their insurance works. In some ways it is unfortunate that the general public is largely uneducated on how third-party insurance operates, but in other ways who better to equip the public with an essential element of society than the therapist. Ignorance is common when it comes to understanding insurance and
Therapist's Spring Cleaning: Documents to Keep
Spring is coming! We fully support the itch to start your spring cleaning, but we have put together a list of the things that you should be sure to hold on to and keep in a safe yet easily accessible place! We also have tips on how you can efficiently store these documents to declutter your space and have a productive work environment. Things to Keep As a therapist, there are several things that you should have original copies of. These originals might be requested in the eve
