Optimizing Insurance for Therapy Practices with Jeremy Zug
In this episode of Therapy for Your Money, host Julie Herres speaks with Jeremy Zug, co-founder of Practice Solutions, about the intricacies of insurance for therapy practices. They discuss the reasons for taking insurance, navigating reimbursement rates, the steps in the credentialing process, and managing the revenue cycle. Jeremy emphasizes the importance of being strategic when selecting insurance providers and highlights the hurdles therapists may face. They also discuss the significance of choosing the right electronic health record (EHR) system and the benefits of having structured billing processes. Jeremy introduces his new book as a resource for maximizing insurance revenue and offers practical advice for therapy practice owners.
Show Highlights
00:00 Introduction to Therapy for Your Money
00:44 Welcoming Jeremy Zug: Discussing Insurance
01:34 Why Take Insurance in Private Practice?
03:20 Navigating Insurance Reimbursement Rates
05:07 The Credentialing Process: Start Early
06:07 Hurdles in Accepting Insurance
09:11 Managing the Revenue Cycle
12:32 Insurance vs. Private Pay: Making the Decision
17:00 Practice Solutions: Maximizing Insurance Revenue
24:07 Conclusion and Final Thoughts
Links and Resources
Practice Solutions: https://www.practicesol.com/
Special Deal for Therapy For Your Money Listeners: https://www.practicesol.com/therapyforyourmoney
Money for Therapists Practice Startup - https://www.greenoakaccounting.com/startup
GreenOak Accounting - www.GreenOakAccounting.com
Therapy For Your Money Podcast - www.TherapyForYourMoney.com
Profit First for Therapists - www.ProfitFirstForTherapists.com
Profit First Academy - www.ProfitFirstForTherapists.com/Academy
Podcast Production and Show Notes by Course Creation Studio
Get our free KPI tracker to see how you practice measures up to others in the industry!
www.therapyforyourmoney.com/kpi
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