COVID Recovery Plan: What Now?
Main Points COVID has disrupted the world and private practices are asking the question, "What now?" As providers look at their recovery plans they are asking Practice Solutions to offer solutions for evaluating a panel or #insurance company to take on an in-network basis Providers are starting to wonder what the mid and long-term impacts of COVID might be on commercial and government health insurance It is no surprise that #COVID-19 has turned the global economy upside down
Ending Surprise Billing: What You Need to Know
CBO projected the Lower Health Care Costs Act to save $7.69 billion by 2029. The Lower Health Care Costs Act aims to eliminate surprise medi
3 Ways to Know If Insurance Reimbursement is Worth Your Time
One question we are asked is if insurance reimbursement is worth going through the hassle of credentialing, contract negotiations, and then subsequent billing. The answer to this question can be complicated, but hopefully it doesn't have to be. Here are 3 ways to know if insurance reimbursement is worth your time. 1. Your Margins Are Safe Many of our clients look at the reimbursement rates only. They think, "Insurance X pays $60.00 an hour, that's great!". But when it comes t
Why You Need A Financial Policy
One question that Practice Solutions receives is whether it is legal to write-off deductibles and co-pays. Many therapists make this a practice to make therapy affordable and to get people through their door. However, this idea presents the counselor with a troublesome issue: chronically writing-off deductibles and co-pays is not exactly legal. To clarify, a counselor can write-off deductibles and co-pays per their contracts with payers once they approve the client for such a