Do You Know Your Insurance Reimbursement Rates?

Many mental health providers who accept insurance don’t actually know their contracted reimbursement rates.In this episode, we explain what a fee schedule is, why so many clinicians don’t know their rates, and how this can lead to underpayments, billing errors, and poor financial planning.0:00 Introduction2:41 What is a fee schedule, and why do they matter?6:31 Why don't providers often know the rates they have with insurance companies? 9:53 Can providers assume the payouts by insurance will be reliable?15:14 How can providers check to see if their insurance rates are being honored?22:52 What do practices need to provide to patients regarding insurance rates?26:49 What's your perspective on the ecosystem of taking insurance as a provider?30:03 Conclusion