Avea Solutions Blog

Prepared for 2020 Foresight in 2020?

[fa icon="calendar'] Nov 20, 2019 7:13:17 PM / by The Avea Solutions Team posted in Insurance, Industry Shifts, "Trends in addiction treatment"

[fa icon="comment"] 0 Comments

Do You Know Your Numbers?

If not, you may not survive 2020. 

They say, "hindsight is 2020", but with so much at stake in the addiction treatment field today foresight is no longer a luxury - it's a necessity. Are you prepared to have 2020 Foresight in 2020?

2019 has been a big year of change in the industry, and it’s just the beginning. Most addiction treatment businesses have lived with uncertainty and done their best to navigate their way through new payer rules and reimbursement trends. As we move into 2020, Avea is committed to continue bringing knowledge and information to the industry to help you stay ahead of the confusion and position you for growth.

 

What Gets Measured, Gets Managed

You may have heard us say this before. Behavioral Health organizations who are getting in front of the uncertainty are using timely, relevant data to track progress, make informed decisions and create a focused, purpose-driven business. Do you know what data you should be tracking, and what it’s telling you?

If not, you are not alone. So throughout the remainder of the year, Avea will be reviewing some key metrics that are important for Behavioral Health businesses to understand and monitor, and outline best practices for how to make improvements when needed.

 

Let’s Start With Your A/R... It's More Than Just A Report

Many are familiar with the traditional A/R report because it’s an indicator of your cash flow velocity – how quickly you get paid after billing. Unfortunately, most people don’t really know how to use an A/R report to manage their business. While it does tell you how fast your payers are paying you, it will also tell you how good of a job your staff is doing at managing processes that directly affect your billing and collection processes, and thus your cash flow.

A good billing system will allow you to drill down into your A/R and analyze it by the various issues that are holding up payment. This is a critical analysis because it will not only identify what the issues are, but will let you know how much of your revenue is at stake – Are your payers asking for medical records? Are your admissions causing problems? Is incorrect credentialing causing issues? Drilling into and analyzing your issues will point to where you might have breakdowns in your processes and should focus your efforts and get to root causes.

 

Download our Tipsheet:
Measuring and Managing Days A/R

We’ve created a tip sheet to explain in greater detail what to know about your A/R and outlined some best practices for managing it. We encourage you to download it to learn more.

 

Get the Tip Sheet

 

Read More [fa icon="long-arrow-right"]

What Is Behavioral Health Carve-Out...And How Does It Affect You?

[fa icon="calendar'] Mar 13, 2019 7:00:00 AM / by The Avea Solutions Team posted in Insurance, Claims Management, Addiction Recovery

[fa icon="comment"] 0 Comments

What are behavioral health carve-outs and how does it affect you?

Behavioral health and physical health traditionally have been treated differently by U.S. payers and providers. As a result, behavioral health services may face different billing situations, such as behavioral health carve-outs.

Read More [fa icon="long-arrow-right"]

Can Telehealth Be Utilized Successfully In Addiction Recovery?

[fa icon="calendar'] Mar 4, 2019 9:07:07 AM / by The Avea Solutions Team posted in Insurance, Claims Management, Addiction Recovery

[fa icon="comment"] 0 Comments

 

Every day in the United States, over 130 people die of an opioid overdose. Prescription drug abuse and addiction has become a severe national crisis with devastating consequences that not only affect public health, but social and economic welfare as well. Politicians and healthcare professionals are striving to spread awareness and have put various initiatives in place to tackle the crisis. The healthcare industry has implemented a number of recovery methods for substance abuse treatment and continues to search for innovative ways to tackle the nationwide epidemic.

Read More [fa icon="long-arrow-right"]

Here's Why Medical Necessity is Essential

[fa icon="calendar'] Feb 22, 2019 8:15:20 AM / by The Avea Solutions Team posted in Insurance, Claims Management, Addiction Recovery

[fa icon="comment"] 1 Comment

 

In 2019 and beyond, treatment centers of excellence must do everything they can to ensure patients are receiving the care they need, while also verifying that it can be obtained properly and legally. And the best way to do that if the appropriate units of care are being denied? By appealing. 

Read More [fa icon="long-arrow-right"]

How Telemedicine Is Disrupting The Mental Health Industry

[fa icon="calendar'] Feb 14, 2019 12:57:37 PM / by The Avea Solutions Team posted in Insurance, Claims Management, Addiction Recovery

[fa icon="comment"] 0 Comments

 

“Too many Americans are suffering, and far too many are not receiving the treatment they need to live healthy and productive lives,” said Paul Gionfriddo, Mental Health America president and CEO.  One in five American adults is diagnosed with a mental health disorder, and over half of the U.S. adults with a mental health condition do not receive proper treatment.  

Read More [fa icon="long-arrow-right"]

You're Only As Smart As Your Reporting

[fa icon="calendar'] Jan 24, 2019 8:23:24 AM / by Matt Silverston posted in Insurance, Claims Management, Addiction Recovery

[fa icon="comment"] 0 Comments

 

Reporting has never been more important in behavioral health than it is right now. The ability to understand and forecast your collections and reimbursements is paramount to a healthy behavioral health practice and even healthier patients.  

Read More [fa icon="long-arrow-right"]

Three Benefits That Come From Escaping Excel Hell

[fa icon="calendar'] Jan 22, 2019 10:46:52 AM / by Greg Goode posted in Insurance, Claims Management, Addiction Recovery

[fa icon="comment"] 0 Comments

 

 

Let me tell you about one of the scariest places in the world. A place from which it feels there is no escape…where you feel as if you're stuck in quicksand...a place that was once so promising, but that now leaves you feeling confused and defeated.

Welcome to Excel Hell.

Read More [fa icon="long-arrow-right"]

How To Get The Most Out Of Your Behavioral Health Conference Experience

[fa icon="calendar'] Dec 7, 2018 10:26:54 AM / by The Avea Solutions Team posted in Insurance, Claims Management

[fa icon="comment"] 0 Comments

 Stanley Rokaw, far right, in his natural habitat. 

 

Before attending the Treatment Center Investment & Valuation Retreat (TCIV) in Scottsdale next week, Stanley Rokaw, Avea’s Principal Product Manager,  shares some thoughts and tips from his experiences as a behavioral health conference veteran.

Read More [fa icon="long-arrow-right"]

3 Methods For Reducing Write-Offs And Creating Cash Flow Consistency

[fa icon="calendar'] Nov 27, 2018 3:23:21 PM / by The Avea Solutions Team posted in Insurance, Claims Management

[fa icon="comment"] 0 Comments

 

Write-offs have, unfortunately, become the norm for behavioral health facilities these days. Many treatment centers lack the tools that are pivotal for fighting incorrect denials and poor reimbursements; others simply lack the necessary infrastructure for creating consistent revenue and avoiding excessive write-offs.

That being said, here are some tools that will help reduce your write-offs in 2019:

Read More [fa icon="long-arrow-right"]

Avea Behavioral Health Digest - November 2018

[fa icon="calendar'] Nov 20, 2018 3:52:48 PM / by The Avea Solutions Team posted in Insurance, Industry Shifts, Current Events, Addiction Recovery

[fa icon="comment"] 0 Comments

 

We've assembled some of the most interesting and relevant behavioral health news stories from November 2018, touching on current events and industry trends you should be aware of. 

Read More [fa icon="long-arrow-right"]