Rambling, non-caffinated PsyDr's opinions on billing and insurance:
1) First you need an National Provider Identification nymber (NPI). Super easy to do. They ask for you name, address, license, speciality, etc. This will be relevant later.
2) IME, neuropsych disproportionately affects the older and younger crowds. Which means a lot of medicare/medicaid. These programs are run by CMS, in general, for our purposes.
3) CMS requires a referral from a physician for services. Because we are not "physicians". CMS also has a unique definition of physician, because but chiros, optos, etc are.
3) It is always better to bill under a medical code, rather than a psych code. Medical codes are pretty broad, and include ICD codes like "memory loss". Psych diagnositic codes are what you see in the DSM5.
4) If you ask your referral base to use ICD codes like "memory loss", it is a good thing.
5) When you submit a bill to insurance, it asks you for the diagnosis code. You ALWAYS want to use a medical code.
6) Non-CMS insurances tend to have a subsidiary company that does their mental health bills. This is why you could have BCBS insurance, but your mental health coverage is under Acme Insurnace CO. Even when you never paid for Acme. This is one of the HUGE problems with patients. They tell you they have BCBS, show up to their intake, and their specific BCBS plan actually uses ACME mental health, which you don't accept. Now you have a pissed off patient, who just didn't understand their own insurance, and have waited for nothing.
7) Non-CMS insurances use a rule of 3/4 or some number I forget. The relevant idea is that "are a majority of things psych on this bill?". Your NPI is always gonna be psych. So are your CPT codes. So you really want your diagnostic codes to be medical. Otherwise they get thrown over to mental health insurance, who are ridiculous and capitate things, or tell you how much testing you can do, or whatever. You can use the referral ICD code (e.g., memory loss).
8) Now you send that bill off.
9) Sometimes, the insurance company calls to complain. Maybe you billed too much, maybe you screwed up. If this happens too often, you're either taking bad insurances, doing a bad job in billing, or you're a pushover.
Preauth
1) some insurances want you to go through a preauthoriazation process before you see a patient. Common in commercial insurances and more so in workers comp.
2) This means you have to wait aroudn for a phone call, then explain why you need to test or treat someone whom you've never seen. It's a game, and basically you just learn what the insurance providers' handbooks or worker comp treatment guidelines say.
3) Oh yeah, this work isn't compensated. So.... hour on the phone with a jerkface might result in $0.00.
Audits:
1) Occasionally, insurance companies audit your practice. It's really a big nothing if you do things right. They select some files. Look through them. It's done. Only problem I ever had with that was when I tried to give a WAIS to a hyperverbal manic patient. So I had to explain why it took 3X as long as normal. But it was also repeatedly documented in the chart, and in test forms.
Insurances Hassles
1) If you have read ALL of the relevant documents I mentioned, and you're getting hassles from an insurance company, you can contact your state's insurance department. They have a public help line and are usually VERY nice. Insurance companies HATE when you do this. That's because the sate can sanction them millions of dollars for repeated screw ups. I wouldn't do it too often, or the insurance company will drop you, but it's not a bad move.
2) Sometimes they delay paying you. Especially if you move your office. Once I had a like 4-5 months where they didn't pay me because I moved offices. Had to cover staff and office overhead out of reserves, which suuuuuuuuucked. Big paycheck when it came through though.
Picking Insurance Panels
1) Okay, you got your NPI.
2) You need to sign up for medicare. It's a bunch of stupid forms.
3) If you have an LLC for your PP, you'll also need to get an NPI for it, and fill out clinic forms for CMS. But you have to attach your own personal NPI as well. So: PsyDr psychologist NPI + Psydr Clinic NPI owned by Psydr NPI. I dunno if that makes sense, coffee hasn't kicked in and I hate you.
4) If you DEFINITELY never want to accept medicare/medicaid, you're in luck! You have to write a letter with specific formating, and tell them you're "opting out" of being a CMS provider. Because the default in this country is that you are. Politicize that however you want. You're gonna have to redo this opt out letter every three years until you die.
5) Now that you're past all that, it's time to find some other insurances. You'll want to figure out what insurances the major employers in your area use. Maybe it's BCBS, United, Aetna,.... I dunno. Ask around. Family, friends, call the front desk at the major companies for all of an afternoon. This is not complicated.
6) 9/10, these insurance companies are gonna ask you to be on an automated credentialing service, the name of which I forget. So you sign up on that service, and it's frustrating and stupid.
7) Once you have #6 done, the insurance companies will look at your application. This can take anywhere from a few days to 6 months. Not even kidding. 6 months.
8) The response can vary from "we don't need any more providers in this area" to "here's a contract". The former being code for "go to hell".
9) The contract is usually the first time you'll see what they pay. One big insurance company offered me $40/hr.
10) You can call an negotiate these rates, but not always. So you call and say something like, "These rates are a lot lower than medicare. I'm sure you meant this number on top of medicare, right?". 8/10, they'll negotiate for a higher rate. How much higher is another issue.
11) I'd highly encourage you to never work with low paying insurances. They've already shown that they are bad, and unethical. It doesn't get better from there.
12) Unfortunately, people with crappier insurances tend to have more problems and are more difficult to deal with. I prefer to just do pro bono stuff, rather than have some mother screaming in my lobby about a $20 co-pay. True story, a neurologist friend of mine started takign a super crappy insurance because he got really interested in a condition/patient who only had that insurance. But he had to take all comers with that insurance once he got on it. Within 6 months, the patients had stolen everything in his waiting room. Weird stuff, like a leather bound version of some book.
Pro Bono Work
1) Totally not tax deductible. Which sucks.
Balance Billing
1) Illegal in some states, but not others. Look it up. Kinda a jerk thing to do, if you ask me.
Pointers
1) track your time and put it on reports. That's required.
2) Time tracker apps are key. Phone call, that's a tracking. Writing, that's a tracking. If you're diligent in doing this, you can make real money.
3) There are CPT and ICD codes for everything. Phone calls, file review, etc. Learn them. Submit bills for everything.
4) Don't take phone calls from patients unless it's an emergency. You're running a service business that's paid hourly. If they're using your services, they need to pay. If their insurance won't pay for a phone call, they need to come see you, or pay themselves.
@Therapist4Chnge
1) CRPS isn't real.
2) BCBS was originally two companies, both some of the first insurance companies. One was Baylor University's health insurance. One was a CA business health insurance. They joined up way back when. In states where BS was established before the merger, they still use BS.