Streamline Your Insurance Billing
Even if you’re never billed insurance before, insurance billing and coding doesn’t have to be complicated. Working with a local insurance payer can help you grow your practice and provide quality care to clients who need your services the most. Accepting insurance can provide a constant stream of referrals and add diversity to the types of clients and disorders your practice treats.
If you’re not sure which insurance companies will be the most valuable for you to get credentialed with, think about the population you are most interested in servicing and also consider the dominant employers in your area.
Do some research online or reach out to a colleague to find out what insurance they offer their employees. If a large percentage of your surrounding area is insured through Medicare or Medicaid, consider joining those panels.
Even if you decide that you aren’t ready to bill insurance yet, it’s important to understand the billing and coding involved in case a client requests a superbill. If you’re a private pay clinician, a superbill is a billing document that a client can submit to their insurance company for reimbursement.
Create and Submit Claims in Seconds
Filing paper claims can be time-consuming and end up costing your practice valuable income and time. Electronic claim filing can make insurance billing more efficient so that you can spend less time on paperwork, and more time on providing quality client care.
SimplePractice will automatically populate your claims with all the required information with the click of a button. Authorization tracking numbers or a referring provider’s NPI can simply be entered once in a client’s chart, so that you won’t need to re-enter this information on a claim everytime. The batch claim filing feature helps you electronically submit the claims for your entire practice in seconds. SimplePractice supports insurance billing and payment reports with a wide variety of insurance payers, whether it’s a commercial insurance payer, your local regional center, Medicare, or Medicaid.
The insurance billing features are built to help your SLP private practice thrive. SimplePractice’s insurance billing also supports secondary insurance claim filing, so that you can maximize your reimbursement rate for your services.
Simplify Your Accounting
Insurance bookkeeping is a critical part of private practice accounting. When insurance reimburses you for claims filed, the payment is automatically added to your client’s record. All you have to do is review the details of what you’ve been paid on an Explanation of Benefits (EOB). Some payers offer this information electronically through an Electronic Remittance Advice (ERA). This allows you to keep track of your practice income and determine what the insurance payer covered for the services you offered. Whether you’re just getting started with insurance or accept multiple insurance payers, viewing all this information in one system can improve your bookkeeping process.
Insurance bookkeeping can be complicated for SLPs, especially when tracking authorizations, copays, and deductibles. The insurance reports in SimplePractice take the guesswork out of insurance billing by making it easy for you to see your client’s balance, their deductible, and more—all in one place.