How Therapists Can Navigate Insurance Reimbursement And Get Paid! with Jeremy Zug
Hello, everyone, and welcome to the Brand Your Practice podcast, where you get
to learn about marketing, growing and scaling your private practice. I'm
Brent Stutzman, and today we're going to be talking about how therapists can navigate
insurance reimbursement and get paid. We will walk you
through the insurance networks, how they work, and patients and
providers with patients and providers so you know
how to collect money from insurance companies, because that's what it's about.
You got to be able to collect that money, because a lot of times they hold it hostage. And
to help me do that is Jeremy's a co-founder of Practice Solutions.
Jeremy has over a decade of experience in the healthcare industry. He's
also known for his expertise in insurance billing and frequently writes
and speaks on topics that support mental health professionals, and
achieving financial health and operational excellence. He
co-founded Practice Solutions with his wife, Catherine, in 2017. He's
a dad of two awesome kids and one
on the way. Practice Solutions is an expanded medical billing
company offering billing services, professional services, and educational resources
to thousands of mental health and behavioral health care providers
for optimal revenue cycle management. Woo!
Yeah. I barely made it through it. Well, we're going to
be talking about how therapists can navigate insurance reimbursements and get paid.
But first, let me just say like a personal thanks to you because I feel
like you embody a servant's heart. And I say this because when
we hang out in conferences together in the vendor booth area and just talking to people, I
constantly see you connecting with practice owners and
giving them resources, either that's resources you've created or other
vendors that are in the room. You're just you are a connector and
you create these little pockets of community. So I've seen
you really become just a really wonderful resource, not just for the work that you
do, but kind of the mental health community at large. And
I personally benefited from that kindness and thoughtfulness as well. So thank
Yeah. Well, let's kind of, let's jump in. So
I'll, I'll let you take over and we can talk about how practice
Yeah, no, I mean, this is such a needed a needed topic. So
Yeah, sounds great. So, yeah, the way that
therapists can navigate insurance reimbursement and get paid, the
first first place to start is credentialing. Right. I
mean, if you're not credentialed with insurance companies, you're
never going to get paid. And credentialing is as we talk about
it on the company, it's like a game between
the private practice and the insurance company and
the way to even Like in our house we have kids right
so we play a lot of whatever that game is we have to roll a certain number
to get on the board. Trouble or sorry or one of those right. If
you don't roll the right number, you're not getting on the board. So credentialing is kind of like that,
right? That if you don't get on the board, you can't play. So
you got to make sure you get in network, right? So
that means filing your applications appropriately, following
up on them on a good cadence. And to us, we define
that as a two-week follow-up period. So make
sure you get credentialed, make sure you read over your contract, you
review the terms of that contract or have an attorney review
the terms of that contract. And you agree to a fee schedule,
right? A fee schedule that makes a lot of sense. So that's-
Okay. I'll give you the answer we tell people, and then I'll give you
the answer that's most likely to happen. So
we tell providers 180 days. That's
six months, right? Really long, right? And that's to set the
expectation for private practice owners and
group practice owners that this is not a fast process. This
is slow, right? Because insurance companies are
not going to fork over money just because you went to grad school and
got licensed, right? They're going to make sure that you are who you
say you are. So it's a long process. There's
Uh, the real answer like your licensure, your EIN numbers
It's like a total expanded background check, but they're
not only going to do that, they're going to check the
source. They're going to verify the sources that you send information from, right?
So they're going to like call your grad school, make sure you graduated.
They're going to call the licensing board, make sure that you're actually licensed and
not fabricating this information, right?
There's an actual stage of the process for every insurance company called primary
source verification. So they're really going to check. So
that's a really important piece of this process. But
the real answer, going back to timeline, is it's
probably closer to 60 to 90 days, maybe 120, but
we like to tell folks 180 just to set the expectation on
the timescale that you should plan for six months just in
case something goes wrong or the application gets
denied or they say the panel is
closed, right? And then you got to go back and argue. So you
And you also talked about attorney review. That's interesting. So
should an attorney review the contract from the insurance company before
For sure. Yeah. You want to make sure that the contract you're
signing is as
two ways you can get it right. And there are parts of
these contracts that you can negotiate, like
timely filing is a very common, commonly negotiable clause
of these contracts, but you want to make sure you understand that like, is
there a common clause in a lot of these contracts is
called a silence acceptance clause, which means that
they don't need you to agree to a term like updated terms
of service, right? They could give you an update and say, this is a
change that's coming and they will take your silence as consent, right?
That's a clause you want to make sure you understand that
if they change your fee schedule and they say, if
you have an silence acceptance clause, if
you don't argue with the fee schedule, they're just going to update it. You want
to make sure that's not necessarily in there. You want to make sure you're actually reviewing
the terms of these contracts. Otherwise, they could just change your fee schedule, like what
we're seeing in Indiana, for example. Carillon takes
over the management of the Anthem contracts. and
slices the reimbursement by 50%, 47 to
52%, right? That's happening right now in Indiana. And
a lot of those providers had a silence acceptance clause, and so they
can do that, right? And providers in Indiana
are having a little bit of a moment right now, Because
they're realizing that their pay just got cut in half. And so
you want to make sure that you're tracking this stuff. You're aware of
what's coming down the line. And if you're going to take a 50% cut
Is that like how long you're allowed to file a
Yeah, good clarification. So timely filing is like how
much time needs to elapse before the first submission
of a claim before the claim is no longer processable, right?
So oftentimes 90 days, but payers are
starting to walk this back 30 days, 45 days. Really
you should submit claims like weekly or bi-weekly just
on a regular cycle, like a machine. um
but payers will allow you to have more time and oftentimes you
can extend that time frame which i would recommend you do uh so
timely filing rate rate negotiation often happens right
away right it's Payers are far more
likely to negotiate rates on the front
end of a contract than they are after you sign it. Because after you sign
it, some payers are like, you have to be with us for two years before we negotiate rates.
So you should try to do that right away. The
Can I just ask Jeremy, is this like you're just having a conversation? with
somebody you were like having to go into the contract and like cross out
the $150 reimbursement and say, next, I want 175 or
Yeah. So you're talking with a person. There's a provider network consultant
that you're speaking with. And they have a
generally a lot of authority to change this stuff for sure.
Now there are some payers that just will say, we're not negotiating rates.
This is the best rate you got because we're the best rate around. Other
payers are different. So it's really one of those one
of those contingencies or clauses that
I think you should negotiate for. And can we just say this for a second? Cause
you're married to a therapist. Therapists often
undervalue their work. They don't ask for more. And
so I always advocate with therapists and
providers to say, ask for more, like for sure
So what can you do? Like what's reasonable then? Like, I
Yeah, here's what we're seeing a lot of, if we can talk about
current trends. Certain provider specialties right
now are commanding the room in terms of provider
reimbursement. So one trend we're seeing a lot of
is if you work with children or teens, youth, Generally,
that's an underserved population. And generally speaking, again,
these are broad strokes. Generally speaking, those folks
are able to command a higher reimbursement rate because networks are lacking providers
in those specialties across the country. Here's another one. maternal
mental health has become a hot topic. Again,
an underserved population like postpartum depression is
not a specialty that a lot of therapists are
in at the moment. And so there's a
provider we work with, a practice that, this was like the smoothest rate
negotiation I've ever seen. She approached a certain payer about
a rate and they gave her essentially everything she asked for.
And they just said, like, what is kind of what's
the range for something like that? Because I know a lot of therapists were like, well, look
at what's possible, like in that case. So
In that case, it was like low 200s for
reimbursement rates. And that's very high. I
mean, that's like very high. But
I've seen providers negotiate from like low 100s
or even like $80 a session to like mid 100s.
I mean, so I think you can. You can negotiate anything.
It is business. And so especially if you are serving an underserved
population, insurance companies have to
maintain network accessibility requirements according
to national quality organization standards. If
they don't meet that, they can lose their certification as
an insurance company. And so knowing those demographic
Okay. So we talked about negotiating rates claim.
I don't know, man, I'm learning so many words here that my
brains are going to, my brains are going to forget this. I'm
glad you clearly know what you're talking about. Timely
filing. Yeah. So definitely like have, yeah.
Any other things to, you would say, Hey lawyer, please negotiate on
Yeah. Those would be the, the, the things I would negotiate right off
the top. Also like termination, like make sure you understand the termination clauses.
Yeah. So you want to make sure that those are clear. Um,
but that's just like the, that's just the tip of the iceberg, right? So you're going to
get credentialed, get in network. And then once
you're in network, The way that navigating
insurance reimbursement and getting paid works is you have to
set up something called the revenue cycle or revenue cycle management within
your private practice. And that starts at credentialing, but
then moves to patient registration. So you
gotta make sure that when, and this is, I think, where TheraSAS comes
into play, right? That collecting patient
information is critical to
Yeah. Yeah. Like we have it on our, their SAS forms to be able to verify benefits.
They, they can submit insurance card images or
whatever, you know, to be able to, to verify that and get them in
Well, when I show people the demo on the form for their SAS, you
know, they're like, oh, you can do that. And so a lot of times people just
have you upload the card because they type it in wrong all the time.
And so if you at least have the card, you can at least have
Oh, it happens more often than you think. Like we see dates of
birth wrong. Yeah. There are certain cultures that
like like for like immigrant populations, first generation
immigrants that come here, sometimes they write their names different on
forms. I know that seems kind of odd, but that
And so creating a unified process that gets
Name, date of birth, everything right at the front end is extremely important.
And then, yeah, eligibility benefit verification is extremely necessary
after that. And then for for us on our novel
way of doing this stuff is we don't go straight to claim submission. We
actually start at payment posting. So if you start at payment posting, you
Yeah. So payment posting is like the, we start with the, at
the end of the process for a lot of folks. So claim submission
is like, I got this claim now I got this patient and I've
done my, I've done my note. I have a claim. Also do your notes
please. I mean, it seems like you wouldn't need to say that, but
I mean, you got to get your notes done to generate a claim. But,
and then I send my claim off to the clearing house. The
clearing house turns it into a machine readable file that the
insurance company then processes. That's claim submission. Payment
posting is we've gotten payment for a service and now I'm going
to apply that payment to a record in my EHR
system. Because they don't pay you, insurance companies don't pay you
in like individual checks, they pay you in batches. And so you
take this batch of let's say $5,000, but that $5,000 represents 40 sessions.
You got to know where to apply that. But
what you do is you catch denials at payment posting so that you don't
submit a claim that's going to result in another denial. If
you just go from eligibility and benefits to claim submission,
you might be filing a dirty claim and
just wasting a bunch of time. So if you go to payment posting,
you can catch all that stuff. Then from payment posting, you
go to like aging follow up. And most practices have a
balance, right? Aging claims age.
And then you clean all that up. And then you can go to claim submission,
where you file a claim. And you know the claims you're going to file are
clean because you've done the hard, gritty
work of working through an aging report. And
so you've got to set that whole system up in order to get
paid by insurance companies. Otherwise, you're
It's complicated. I
Susan's all cash, right? Yeah. Remind me again. You guys are just cat,
Like session payment, charge
money in the bank. Right. No, but you know, we have mutual clients
that like the payment process, all that stuff, it got really dirty.
Like it got, it got crazy and they get paid for weeks. And
you know, even my, the marketing clients and the practices that I helped launched
a couple of them are, have one or two payers,
right? They contract with them. But
like 80% of the conversation is around insurance
money and reimbursement. How do we get the money? Like, what's wrong? Why
is this not, why is it, you know, like a lot of the conversations just
revolve around that all the time. So, yeah.
Revenue cycle management and navigating insurance reimbursement and
getting paid. is only easy if
you have the right orientation, right? The
processes themselves are not particularly difficult.
They become difficult when you don't have the right direction. Does
that make sense? It's probably similar to marketing. It's
like, what's marketing? Every time you ask a marketer what marketing is, they kind
of go like this. They go, well, It really just kind of depends, right?
It depends on what your goals are. What do you want to accomplish? There's
no unified theory of marketing as
Yeah, yeah. It can be a lot of different things for people. Like I
said in my talk, marketing is
Yeah, that's right. That's right. Billing is
like you have to have the right orientation in order
for it to become easy and get paid. Right. And
it depends on what role you want insurance to play in the life
of your practice. Right. Like if you love
working with active duty military people, you should be
in network with Tricare just as like a broad strokes
piece of advice. But the reimbursement from Tricare might put
you out of business. Right. Like going
back to the Indiana example, if they cut your rates by 50%, you
So you either are going to make a mission driven decision
around which payer to accept. And at
the same time, you have to know what is going to
run your economic engine so that you can keep the doors open.
So for like Susan's practice, for example, if
she was like, Jeremy, we'd love to be in network with insurance. I
would ask her why. Not in like a, well, that's a dumb idea.
But what is the purpose that insurance company status
in network insurance company status is doing in the life of your practice? Is
that mission driven? Is it economic? Is
it a passion? What is it? And how are you going to know? if
being in network with an insurance company is a
good idea, right? So you gotta start there first,
and then you gotta build the systems next, and then you can see
Yeah, yeah. So we talked, yeah, so we're
Billing. Yeah. And then we were also talking
a little bit like the system by like the different steps with that. It
sounds like there's 100,000 of those. And then, then
you have like common roadblocks to reimbursement. I
know that was something that we were planning to talk about some like problems and
solutions. What are you seeing there? We talked a little bit about the
That's right. So common denial reasons. So
well, first, let's back up. So when you submit a claim and it goes
to the clearinghouse, one of two things happens. One,
the claim can get rejected, which means The
claim never got to the payer, to the insurance company. The
claim went out of your electronic health record system. And
the company that's in charge of taking a claim file
and converting it into a readable format for the insurance company saw
something wrong and said, usually these are demographic issues.
So a rejection is like, you spelled Brent wrong.
or you got the date of birth wrong, or the address is wrong, or we don't
have the NPI on file. Those are generally very easeable,
The whole goal of a clearinghouse is really just maybe clearing, to clean it
up, right? To just kind of clean up that data, check to make sure
it's right before they go bugging the insurance company to
That's right. They're like a middleman. between the
Does the insurance company pay for that clearinghouse or how does that, how
Clearinghouse gets paid usually by the provider. Like,
so a lot of electronic health record systems have like a 14 cents
per claim submission. So that cost is passed through to the
provider, which is why we generally recommend
a biweekly claim submission process because you can batch claims.
So you can fit multiple dates of service onto a claim and
then you're charged less than if you submit every day. Right.
Because there's this perception that if I submit every day, I get paid more. You're
going to get paid when the insurance company says you get paid. So you might as well pay less
in clearinghouse fees. So a claim can
go to the clearinghouse and get rejected and get kicked
back. And then you got to fix that because that hasn't made it to the payer yet. Side
Can you, are any of these clearing houses publicly traded? Because
Yeah. There's a really popular one known as change healthcare that
All roads and they're not always good roads lead back to United
They lead back to United. They're very, yeah, they're
very polemic in that sense. But so, yeah,
UnitedHealthcare owns Change Healthcare. And
if, okay, so let's talk about that a little bit. I feel like we can talk about it. UnitedHealthcare
owns ChangeHealthcare. ChangeHealthcare got hacked. ChangeHealthcare is
a clearinghouse. Most people have heard about this situation, but if you haven't,
ChangeHealthcare is a clearinghouse that handled one
out of every three claim in the United States at
the time. One out of every three, insane. They
get hacked by a bad actor. and
shut down reimbursement for every provider that was using Change
Healthcare, right? That's kind of a big deal. UnitedHealthcare
executives all went to good schools and they got really good grades.
And I mean, they got- Jeremy, providers often
don't get to choose the clearinghouse because if the EHR that
they're using, the EHR determines the clearinghouse, right?
That's exactly right. That's exactly right. So
if your EHR had a relationship with Change Healthcare, you were
impacted there, right? So Change Healthcare,
again, those guys got those guys and gals got really good grades
from really good schools. So they said, OK, we've
got a problem. Change Healthcare is bleeding. It cost them
three and a half billion dollars. That whole breach, 100 million
patient records got exposed. they
were not going to lose three and a half billion. So what they did was they said, what if
we loaned nine and a half billion dollars to
providers that were impacted by this situation, which
is what they did. So they made $6 billion. You
So they created a little bank, which by the
So like banking people that could, they, they figured it
out, I imagine pretty quickly. So they created a loan pool to,
to be able to give to the, to the providers money
to cover. Tell me, tell me they charged interest
Oh yeah, they did. Yeah, for sure. Yeah. I mean, they're very smart.
So they took lemons and they squeezed those lemons into
$6 billion worth of lemonade. Right. Again, you can read these in
This is a catastrophic crisis for a lot of people. Make
Anyway, so yeah, that's a little side note, a little bit of information there.
Again, go read UnitedHealthcare's annual reports. It's all in there. They're
like, all right, Change Healthcare cost us three and a half billion. We loaned nine
and a half billion with interest. They're going to make a lot of
money off of the Change Healthcare breach. Right? So
anyway, a claim goes to the clearinghouse. Assuming the claim is clean,
the claim is then sent off to the payer, the insurance company. The
insurance company can then look at that claim and they have two choices. They
approve that claim for payment. And a claim
form, all the architecture of a claim form does is
get to payment. It doesn't communicate any information. that
is not helpful for determining payment or nonpayment. So
then the insurance company looks at the claim, they say approved for payment, or
they say denied. And there are several reasons why you could
deny, right? One of the most common denial
reasons is duplicate claim submission. which
means the provider is just submitting claims, just
like, oh, claim denied, resubmit, resubmit. There's
not been any action taken to rectify the
original denial, which for a biller, that's like
our worst nightmare, because it means we have to go back to the original denial.
And you could have resubmitted
that claim like 20 times, right? And you just get the same denial.
So you have to go back, you have to find the original denial, and then you have to fix the
original denial reason. So that's one of the most common is duplicate
denial. That's like the most ambiguous denial reason you could
have. Another denial reason is timely filing, right?
Going back to the beginning of our conversation, you
didn't submit the claim in 60, 90 days. You
just sat on it. Either you didn't get the note done, or the note was incomplete, or
it kept getting rejected by the clearinghouse, right? And
so now you have to figure out, denied for timely filing is
a bummer, because it usually means you cannot get paid
for that claim, which means you did the service for free. So
that one is usually like a big deal breaker for a lot
And going back to our negotiation tactics at the beginning, or not tactics,
but like, what do you consider, what would you recommend negotiating for
A year, 365 days. Okay, all right. Like
imagine you have a biller who's not doing their job. That's
a big problem, right? And you
Oh, really? Okay. So they kind of give you a lot of leeway there. Otherwise they're
They're going to shorten that as much as they can. Right. Right.
Totally. Yeah. A hundred percent. Yeah. And like a clause
that you'd want to look at in your contract, kind of answering that question some more. Take
a look at how long the insurance company has to
do a clawback, right? Like some of
those clauses are like indefinite. The insurance company has
an indefinite amount of time to go back and take their money back. And
you want to say 12 to 18 months. right?
Because you don't want to have to pay the insurance company back. What
UnitedHealthcare did with all the loans they made was they just said, we'll keep
your reimbursement. You'll serve our members still, but if you can't pay
the loan, we'll just keep the money we were going to pay you. Shocking.
We'll just keep the money. Insane. So
that whole thing was a disaster. I mean, it was a disaster for a
I know. I'm laughing just because I can't believe it. I mean, I
They're very smart. I mean, if you want a masterclass in like taking a bad situation
and making a lot of money off of it, that's the case study right
there, for sure. Um, but yeah,
getting back to denial reasons. So timely filing duplicate claim
or, and this is like a credentialing issue, but provider not found
in the network. So yeah, for a group practice, that's
like you didn't credential your provider, your therapist. And
so now you've submitted a claim and you, you will likely
not be able to get that claim paid because
Um, can I ask a question a little related
to that? I'm just curious now. You
used to be, let's say a PhD
psychologist was able to have interns and people work under
them, and then they bill underneath their psychology credentialing, which
usually is a higher reimbursement rate. Is that still the
same? Can people do that? Or is there, have insurance
companies been cracking down on that because they're like, oh, actually it's costing
The answer to this question depends on the state that you're in
and the insurance company that you work with. There are some states that allow
you to do supervised billing. There
are some states and some payers that will not allow you to
do this, right? So like I know in Pennsylvania, you can't do that. That's
like not allowed. So and that's a that's
a moving target because some states are trying to get more access to
mental health care. So there are loosening the regulation there. So
it's not a question I can answer in a black and white sense, although,
yeah, that's like something you'd need to check with your. the
insurance company you network with and the state that you're in to make sure you can do
that. Otherwise, it could be, depending on the state you're in, it could be considered fraudulent
billing. And you don't want that. Because the folks that enforce
fraudulent billing is the FBI. So you really don't
want them looking at your practice. You want to make sure you're doing everything from
a compliant perspective. And the
latest trend right now is not necessarily supervised billing. But
when you look at like a psychologist, a lot of times claims
deny for lack of prior authorization. And there's a lot of movement right
now among the insurance companies to try to renovate the
prior authorization process. It's like a nationwide commitment
from almost every major payer to figure out this process
because the prior authorization process is a total disaster. But
you also can't not have it, right? Can
I tell you like a history lesson on prior authorization that a lot of people don't know?
All right. So in 2014, North
Carolina made a decision that they were
going to throw out the prior authorization process. because
the prior authorization process was getting blamed for folks
not getting access to care, especially care that they needed, like
physical or mental health. So North Carolina said, we'll just
get rid of it. If it's preventing all this health care from
getting delivered, let's just throw out the whole thing. And
what happened was so much fraudulent billing
entered the market because they got rid of it, that the
state ran up a
$500 million budget deficit. And I think the
attorney general in North Carolina is still prosecuting cases
of fraudulent billing from that period. And from the time
they said no prior authorization to the time they reinstituted it
was nine months. So they ran up a $500 million deficit in
And so you have- I'm
just thinking at a great like Medicare, Medicaid, if
that's just one state in nine months. Yeah. That's
So it gets us like this process gets a bad rap, right?
Because you have people that like get denied cancer treatment because
of prior authorization and the public perception is. this
process is like a way for the insurance companies to control
the spend. And there are cases in which that is true. But
there are also. It's also a fraud preventative
activity, due diligence type of process. Totally. And
it gets messed up, but it also serves as a protection. And
so you have this like, you know, we can't get rid of it.
But what we have here is not good. And so there's this like broad sweeping.
Like, how do we fix How do we fix this thing? And
so it's the ideas have been thrown around or are really interesting. But
But I'm sure I to play in this, too. I mean, but
it's also like how much, you know, you got to just give. You
just gotta give away all your biometrics, everything
about you into a massive database. You know what I
mean? You're right. It's probably very clunky because it's so segmented
Totally. Then you have other issues. You
know, one of the one of the ideas been thrown around is like a gold card program
or certain providers that are known to be high high
integrity providers are given this gold card, so they get they have fewer
prior authorization requirements. How are you making that
decision? Who gets what? It's
the same problem with value-based care or value-informed
care. This idea that the better grades you
get, the better outcomes you have among your patient population, the more money
Yeah. Well, we were talking to that one guy, I think
I'm pretty sure that they're owned by United Healthcare, one of their subsidiaries, but
using AI to do that, right, like the value, like reimbursement rates
go up, if you're able to demonstrate all
these different types of metrics that they can track inside
their own database to get to get the data that
Right the here's like a common problem with that idea like
that makes some amount of sense on paper like the better grades you get
the more money you make. Your papers never got
up and had a burger after your session right or
they never like lived outside of what you're trying to work
on here's the other problem you have. disparity
in economic outcome or in a healthcare outcome,
depending on the locality that you live, right? So you're going
to punish a provider that's in downtown Detroit because
they're in downtown Detroit versus like a wealthy suburb. Like,
That's a great point. I mean, another one, when you're working with kids, how
can you, you can, you know, Susan talks about this all the time. She
can only take a child so far because the circumstances at
home, are so bad that like,
you know what I mean? Like the parents actually need to do their own work in
order for the child. So if the parents get healthier, the child's going to
get healthier too in the mental health world, but she can only take a child so far. So
if there was like a value-based care, she's like, we've hit a roadblock for
six months because the parents have been going through a toxic divorce.
Right. Right. You know, whatever. Right. So that another case in point with how
that may not be the value-based reimbursement it
might fall apart unless they create caveats for
And this is why working with insurance and getting paid requires the
right orientation, because you have these shifts in
trends and in priorities. Right.
And you have to stay up on this stuff or have somebody in your office
or outsourced that's really paying attention to
this stuff, because like, can you imagine Susan taking a 10% decrease
on the reimbursement rate because of the toxic divorce, because the kiddo is
not getting better. I mean, that's what would happen. And so
being involved in this conversation and helping private practices navigate
the vicissitudes of insurance companies
is extremely important because it changes all the time. And
being able to strategize how you're going to navigate that is
very important. So like going back to the Indiana example, my advice
to a lot of those providers is you have two choices. One,
you could kind of like unionize a little bit and tell Caroline we're
out, we're all out if you don't bring the reimbursement rates back. Or
two, you leave. You leave the network and
you figure out a way to either take cash clients
or you credential with another payer that's paying higher, right?
But just taking a 50% cut is not a
And I think most clients would understand, be like, look, I
can't do Zoom or I can't sustain my life.
the fifth It's
like I'm horrified and I'm really glad that we're recording this too,
because I just imagine there's going to be so many therapists who are getting
a lot right. They have to like, what is my mission? And
doing all the work for insurance and all these different things
on variables that are out of my control. Is
yeah, okay, where are we even at in this conversation now? Because we talked about common road, oh
yeah, denials, right? We did a clearinghouse, tangent
denial, you know, valuables care, failure-based care, so yeah,
denials. And then we can like, I'll let you wrap it
I think the best way to land the plan on this in navigating reimbursement
and actually getting paid is to
sit down and instead of just seeing more patients, planning
out your insurance relationships, right?
Are the rates you're getting paid, are they keeping you in business or are they not? Like
that's a good place to start. Is your pricing model
keeping you in business? Or like for the Indiana folks, a
lot of those folks have been bubbling up in our emails lately for
good reason. You know, we've had to ask questions like, if
you went out of network, One, would your clients follow you
out of network and pay cash, right? The data shows that mental
health clients are four times more likely to follow
a therapist out of network than find an
That's so true. And I've helped clinicians transition
out of insurance companies and went private pay, and they were terrified. And
they were shocked by how many people actually follow them and shocked
That's right. So can you convert the same for you, Indiana people,
can you convert the same hour that's now going to pay you 50 bucks
an hour to an hour that's going to pay you 120. Right.
And then, so now you've cut out administration, administrative hassle and
you make more like that's, those are two really good
I would also argue Jeremy that, you know, it depends on
where you are too because of the cost
of living, but one 20 is even really low. It
could be. Yeah. Like just, just to be able to run. If
you're a group practice that is dangerously low. If
you're a solo practitioner, you may be able to make that work. Okay. But when
you're, when you're growing a group practice that is dangerously low. I
mean, I'm always thinking like at minimum, like the baseline is like one
50. Yeah, that's a good last couple, you know, I mean, how,
how, how many, how's the insurance rates? How much have they've actually increased
It depends on the payer, right? If you have like
one payer, that's, that's, this
is tough, but like the Medicare Advantage payers, particularly
in Humana, Humana raised its rates by
five and a half percent for the Medicare Advantage plans because
everybody left the network. So they're trying to incentivize folks
to getting back on the network because there's
reasons why health systems left the
Medicare Advantage network. And it's actually one of those products that
is sort of bleeding UnitedHealthcare for a
variety of reasons. You can go look up why that particular population
is not profitable anymore. Um, but
you have to plan for some of this stuff. So if you're going to get
paid by insurance companies, first, you have to strategize why you're going to take
insurance. What purpose does it serve and is it economically viable?
And if it's not economically viable and you still want to serve that population, how
are you solving for that? You can, you can solve for
that, but you need to solve for it to, you need a process.
You need a, an articulated written down standard
operating procedure, or you need to outsource to somebody who has that already.
to manage this process. And three, you need
to be aware of if the variables change, because they will, what
is your next move, right? It's one of the reasons why they have a chessboard in
the back, right? Because you have to think three or four moves
ahead in order to play this game and win. But if
you have a strategy, you have a plan, you
can win the revenue cycle management game every week. And
we see it all the time. Right. Private practices winning
at scale because they have a plan, they have the right
people, they have the right processes. If you're running
at insurance companies with the idea that if the
more insurance companies I get a network with, the more successful
I'll be, that's a plan to fail. Right. It's more
administrative. Like we had a practice recently that we started working with 30 payers,
30 patients. that's not sustainable for
sure. And that's like a client that we're actively working with
to try to say, if we limit this down to your top three,
you're going to do better over the long-term, but you cannot have one payer per
patient. That's not sustainable. You'll
end up hating. You'll end up building a practice that
Yeah. Just one, one insurance payer almost feels like a prison to
me in some way. I
mean, clearly, I mean, clearly you are good at your job and your
businesses provides a lot of value. And
so as a way kind of wrapping up, I would love for you to be able to share, I'm
going to put this on our screen here. It's practice SOL.com,
practice soul.com. And if you do Brand Your Practice, slash
Brand Your Practice, there's a cool little landing page there that you
can get some resources, right? Do you want to talk about those resources? And then I'd
love for you to just share a little bit about, well, the things that
you do, where you actually do billing. for practices, but you
also have resources that you are launching for people who
may not be a good fit for your practice, but already have a biller. Those billers
need to be trained. And I'm thinking they need a system, whatever
that is, they need a system. If they don't have a system, they need one. If
they do have one, this might be a good way to audit that system and see
So I'll try to answer this as succinctly as I can. If
you think about mental health care, the mental health care market
and the organizations that serve clients in our country, think
about them in like a pyramid like that. They're the
big MSOs at the top, the managed service organizations. And
then you have sort of mid-level providers, those larger groups.
And then if you were to draw a red line and go below that red line, you
have solo practices, supervised clinicians, graduate
students, maybe like smaller groups. And
the folks below that red line, there are very
few companies that are building products and services for
those providers. There's a lot of reasons for that. But
one of the reasons that, you know, we looked at the market
from a size stratified perspective, and we said, you
know, there's this whole group of practices that just
are underserved. And so we built out in our launching on
August 1st, our learning hub, which is our playbook
with our tools and our resources that you can go
and learn and download and implement in your practice right now
to do billing really well in
house. So if you're a provider who doesn't
necessarily wanna make the jump into outsourcing your billing, you don't wanna hire
somebody, you wanna kind of DIY at first, That's a great resource
for you. Or if you're a bigger group and your billers keep turning
over, which happens, uh, or you have a biller who
you, you trust the person, but the person doesn't know how to do
the process. That's the place to go. So hourglass learning hub
launches August 1st. Uh, we also have a segment in their hourglass,
the hourglass learning hub. Yeah. Yeah. So our
logo is an hourglass and we're here to save you time. So that's
the, that's the connection. There you go. So yeah.
And then we have a section in there, ask the biller. You can ask questions and
then one, somebody from our team will answer your questions. So your
biller has support, like actual support and
actual process. So that's launching August 1st.
That is like the lowest touch way to work with us. So that's
a good subscription-based resource over there. Then
we do billing for you. So if you want us to handle
the billing with an out-of-the-box solution, we have a whole billing
team that would love to work with you. And
then we have our, I don't know, what's a luxury brand?
Our Maserati of services, I suppose. I don't
Yeah, Corvette. Where
we do billing audits and then we build out
billing departments and help you hire, train, retain billing,
billers and billing departments. That's a, that's a very
high touch, white glove service. And
so wherever you are in the strata of
mental health care, we can help you at whatever stage of practice
you're at. So, and whatever budget you have. So
that's what's there. But yeah, we would love to work with private
practices that are looking to grow. We think independent private practice is
where quality care happens. So you need you
Well, they're seeing practice, but at least around here outside of the mental health
world, you know, they're getting bigger hospitals. I mean,
It is another discussion. And, you know, I have a I have a friend of a friend that
sold their practice to Optum on a promise that, you
know, they'd have this like really great life if they did that. They
didn't end up being that great. And so I
would say like independent private practice is the
Oh yeah, Optum is owned by UnitedHealthcare. They own a
lot of stuff. I
appreciate you having me on, for sure. I always love
Yeah, I really enjoy it. And I love laughing with you, too. So
thank you, Jeremy, for joining me today. Go to Practice Solutions, just
Google that, or PracticeSoul.com, and you can find all the different
ways you can engage with them and get their resources. And
just a reminder, all the content on the Brand Your Practice website, podcast,
and other media reflects my own opinions and should not be taken as legal advice,
financial advice, or investment advice. So please seek out
the guidance of professionally trained and licensed individuals before
making any decisions. And some links in the description may be affiliate links.
All right, folks, thanks for listening. And if you found this conversation useful, subscribe
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