fbpx

Behavioral health treatment centers face a wide range of challenges from COVID-19 to not knowing when their next payment will arrive. Being able to forecast how much money your treatment center will make is an asset you need to ensure a thriving business. Without the right tools, treatment centers are making haphazard decisions on everything from when they can pay their bills to which clients they can accept. Treatment centers must be able to predict revenue and forecast with confidence for better business management.  

Forecasting aside, COVID-19 has brought its own set of issues to the behavioral health industry this year. The pandemic has increased demand for mental health and addiction recovery services. This demand has overwhelmed treatment centers who have had to shift from in-person care to a telemedicine system, limit the number of beds to contain outbreaks, and apply for federal funding so they can stay afloat.

Forecast with Confidence

Forecast with Confidence Using Zealie’s Revenue Prediction Tools

November 5, 2020

Share on facebook
Share on twitter
Share on linkedin
Share on email

Behavioral health treatment centers face a wide range of challenges from COVID-19 to not knowing when their next payment will arrive. Being able to forecast how much money your treatment center will make is an asset you need to ensure a thriving business. Without the right tools, treatment centers are making haphazard decisions on everything from when they can pay their bills to which clients they can accept. Treatment centers must be able to predict revenue and forecast with confidence for better business management.  

Forecasting aside, COVID-19 has brought its own set of issues to the behavioral health industry this year. The pandemic has increased demand for mental health and addiction recovery services. This demand has overwhelmed treatment centers who have had to shift from in-person care to a telemedicine system, limit the number of beds to contain outbreaks, and apply for federal funding so they can stay afloat.

Treatment centers offer vital services to the community. So, it’s important that you’re not running blind and that you’re able to make strategic business decisions. For example, being out-of-network with some payers can be fraught with uncertainty. That’s why, having the right tools that can provide historical data on reimbursement rates and revenue prediction is key.

Zealie’s Revenue Prediction Tools have turned the tide for treatment centers across the U.S. These data-driven tools have set the bar for revenue prediction because they give treatment centers the ability to know how much they’ll be paid by insurance carriers and when to expect cash flow.

Zealie’s Revenue Prediction Tools have increased customer’s revenues dramatically. With this type of growth, treatment centers can plan properly, expand, and leave the days of missed payroll and late rent payments behind.

The Revenue Prediction Tools Include:

Alpha Prefix Tracker

Zealie’s Alpha Prefix Tracker is a tool that aggregates all the data we have on Anthem Blue Cross Blue Shield policies. The tool lets you know how much these policies have historically reimbursed for the services you provide. Alpha Prefix Tracker aggregates the reimbursement data from all of our facilities, parses it out, and allows you to see, in a very easy to understand way, how much that policy has paid historically. This information is updated in real-time and is available 24/7. Alpha Prefix Tracker is a go-to feature in the Zealie Mobile App.

Smart VOB

Zealie’s proprietary Smart VOB software estimates how much you’ll get paid before you admit a new client. Smart VOB calculates estimated reimbursement rates for all levels of care, based on millions of dollars of historical data, and presents it to you on your VOB form. Smart VOB is the only software of its kind. Zealie’s software engineers, working hand-in-hand with our billing experts, have created a system like no other. The system reads the responses received when running a manual verification of benefits and isolates the responses that have been determined to have the largest impact on reimbursement rates. It then calls Zealie’s vast reimbursement database and locates that payer’s policies that had the same responses in the past and tells you what those policies have historically paid for the services you provide. All of this happens within seconds of the verification of benefits being completed, giving you the peace of mind of knowing the estimates for the services you provide.

Payer Tracker

Similar to Zealie’s Alpha Prefix Tracker, the Payer Tracker is a tool for out-of-network treatment facilities that gives estimates of payments per level of care using historical data. Payer Tracker’s advantage is that it can uniquely identify the payment history of smaller payers – those insurance companies you may not be too familiar with. Payer Tracker gives a view into which payers and policies have allowed the highest reimbursements historically. This information is updated in real-time and is available 24/7. Payer Tracker is a go-to feature in the Zealie Mobile App.

Register today for the Revenue Prediction Tools Webinar with Ali Beheshti on Thursday, Nov. 12, 2020. Ali will teach you to maximize your earning potential with Revenue Prediction Tools. 

Zealie is more than a billing company. We increase Profits.
Zealie is a full-service behavioral health billing solutions company with a team of experts. Our billing services have been proven to increase profits the right way, allowing you to focus more on your business.

Contact Us

3188 Airway Avenue
Building L
Mesa, CA 92626
Copyright © 2020 | All Rights Reserved | Privacy Policy