Billing and Collections Training
Billing and Collections Training (Reimbursement Specialist)
Most addiction treatment centers and mental health centers want to do ‘in house billing and collections’ but do not know how to make the switch from utilizing an outside billing company to in house, or how to set up and correctly run in house billing. The billing and collections department is the lifeblood of your addiction treatment or mental health center and everyone’s paycheck depends on a solid foundation of billing and collections.
Here at the Addictions Academy, we can provide you with the skills needed to become an effective Reimbursement Specialist. We are a National Education Provider and we offer a reputable program that is cost-effective and recognized in the industry. As a billing and collections specialist, our program can provide you with the necessary skills to help you gain job security in this growing field. Healthcare is one of the largest industries in the nation, and there’s more than just clinical patient care options. Enjoy the stability of healthcare from an administrative position. In our Billing and Collections Training the student will learn various clerical and administrative functions that relate to insurance claims, compliance, and reimbursement. We cover billing and collections from a physician or facility setting. Our instructor has over 15 years in the collections industry and will prepare you to work as a reimbursement specialist in a physicians’ office, hospital, or substance abuse setting.
In this 5 hour, custom class you will learn the following:
- The Qualifications of the Billing Specialist
- Preparing and submitting clean claims to various insurance companies either electronically or by paper.
- Insurance Verifications
- Assignments of Benefits
- Common CMS-1500 Completion Guidelines
- Common UB-04 (CMS-1450) Completion Guidelines
- Determining Payments
- Explanation of Benefits
- Secondary Claims
- Using coded data to produce and submit claims to insurance companies
- Working directly with the insurance company, healthcare provider, and patient to get a claim processed and paid
- Reviewing and appealing unpaid and denied claims
- Verifying patients’ insurance coverage
- Answering patients’ billing questions
- Handling collections on unpaid accounts
- Managing the facility’s Accounts Receivable reports
This class is custom tailored to your facility and includes up to 5 hours of raining online for your staff. You can have unlimited participants in your training.
Where do I get trained in billing and collections? The Addictions Academy offers an online training for billing and collections departments to hone and train their staff on how to correctly bill and collect for insurance. The class is one day, online webinar or in person on site to train your team.
How do I hire a billing a company? Billing companies are built on percent collected and amount of billables they send out. Most companies will not handle collections unless specified in your contract. Collections is on a percent collected, and billables will be a monthly fee or rate without a percent. Usually it is 9-11% collected.
Is better to do in house billing? If you have a trained staff that understands both billing and collections yes. Otherwise, a billing company will assist you in the insurance billing and charge you 9-11% to do. You will save that if you can do in house billing and collections. Make sure the staff is trained.
How much does a billing company cost? Most billing companies charge a flat monthly rate to do the billables for insurance. This does not include submitting claims that were denied or collections on any denied claims. Those are usually 9-11% of collected income.