Insurance Contract Gotchas That Cost Mental Health Practices Money | Sit and Stay Podcast

Insurance contracts can have major consequences for a mental health practice. In this episode of the Sit and Stay Podcast, we break down the insurance contract language clinicians should actually pay attention to: Common “gotcha” clauses, reimbursement rates, documentation requirements, and what to watch for when insurers change terms.

If you’re in-network (or considering it), this episode will help you understand what you’re agreeing to and how to avoid costly surprises.

Sit and Stay is presented by RipsyTech, an electronic health record company committed to addressing the mental health crisis in the United States.

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About RipsyTech:
RipsyTech is a leading behavioral health EHR platform that provides a streamlined workflow, transparent patient outcomes, and simplified billing systems. RipsyTech empowers behavioral health professionals to deliver exceptional care while keeping their administrative workload to a minimum.

0:00 Introduction
4:19 What parts of an insurance contract should providers absolutely read?
8:47 Can providers choose which insurance plans to be a part of in contract negotiations?
13:53 What other parts of an insurance contract should providers look out for?
18:02 What are other examples of an insurance contract "Gotcha" moment?
24:56 How can providers learn how to protect themselves in contract negotiations?
27:33 Can AI or other tools be used to ensure that notes meet insurance requirements?
32:43 What is something substantial that should stop you from agreeing to a contract?
34:59 Can you negotiate the details of an insurance contract?
36:19 What's your opinion on third-party credentialers handling your contracts?
39:12 The Mental Health Business Moment Of The Week.
40:22 Conclusion