Explore the anticipated changes and trends in behavioral health billing for the year 2024. Discover how to prepare your finances & stay ahead

1. A Look Ahead At Behavioral Health Billing In
2024: Future-Ready Finances
https://www.247medicalbillingservices.com/

2. As we step into 2024, it becomes paramount for behavioral health providers to stay abreast of the impending
billing updates that will significantly influence their financial operations.
Not only this but statistics from the National Institute of Mental Health (NIMH) reveal that approximately 20%
of adults in the United States experience a mental illness each year, highlighting the increased demand for
effective and accessible behavioral health services.
With such high demand, providers should also align their billing practices with the latest regulations to
ensure optimal reimbursement, maintain financial viability, and, most importantly, continue providing
essential mental health services to those in need. Let’s have a look at the behavioral health billing updates
in 2024:
https://www.247medicalbillingservices.com/
A Look Ahead At Behavioral Health Billing In 2024:
Future-Ready Finances

3. https://www.247medicalbillingservices.com/
Behavioral Health Billing Updates for
Medicare in 2024
● Direct Billing by MFTs and MHCs
● Telehealth Payment
● Extension of Telehealth Flexibilities
● Delay of In-Person Requirements
● Adoption of New CPT Codes
● Increased Focus on Value-Based Care

4. Seek professional guidance from billing and coding specialists to navigate the complexities of the new rules
and maximize reimbursement.
According to a Medical Group Management Association (MGMA) report, hospitals face an average claim
denial rate of around 4–8%.
Consulting with specialists helps mitigate such denials by ensuring that behavioral billing codes are
accurate, compliant with the latest regulations, and reflect the specified complexities of different payers.
Behavioral health billing and coding specialists like 24/7 Medical Billing Services possess the expertise to
interpret and implement the challenges of behavioral health billing updates, such as changes in Medicare
policies or the adoption of new CPT codes by commercial payers. Their knowledge helps providers avoid
common pitfalls leading to claim denials, delays, or reduced reimbursement. Additionally, specialists are
well-versed in optimizing documentation practices, aligning them with billing requirements to enhance the
likelihood of successful claims.
https://www.247medicalbillingservices.com/
Consult with Billing and Coding Specialists

5. About us
We are a medical billing company that offers ‘24/7 Medical Billing Services’ and support physicians,
hospitals, medical institutions and group practices with our end to end medical billing solutions. We help
you earn more revenue with our quick and affordable services. Our customized Revenue Cycle
Management (RCM) solutions allow physicians to attract additional revenue and reduce administrative
burden or losses.
Media Contact:
24/7 Medical Billing Services
28405 Osborn Road, Cleveland, OH 44140
Phone no / Fax : +1 888-502-0537
Email us: info@247medicalbillingservices.com
https://www.247medicalbillingservices.com/