Category: Vellis News

Mental health billing and coding are key administrative steps that make sure therapists, counselors, and clinics receive payment for the care they provide. The process includes choosing the correct service and diagnosis codes, sending claims to insurance companies, and following up to ensure payments are received.

When it comes to covering healthcare and therapy costs, two common approaches are private pay and insurance reimbursement. Each option has its own advantages and drawbacks, and both affect not only the provider but also the patient.

Believe it or not, no-shows – when clients miss scheduled appointments without notice – are becoming a bigger challenge for many veterinary clinics. Each missed visit can throw off the day’s schedule, cut into revenue, and delay care for pets that need it.

Pet care can be costly, and unexpected vet bills often arrive when owners least expect them. With treatment prices rising, flexible payment options have become essential for both veterinary clinics and pet owners.

Revenue cycle management in a mental health practice simply means handling the financial side of patient care from start to finish. It includes every step, beginning with patient intake and ending with the final payment collection.

Nowadays, running a therapy practice today means more than just focusing on patient care, it also requires handling payments in a way that is smooth, secure, and stress-free. Since therapists deal with sensitive client information, payment systems must follow HIPAA standards to protect privacy.

A cross rate is simply the exchange rate between two foreign currencies, neither of which is the home currency where the rate is being shown. For example, if you are in the U.S., a cross rate might show how much one euro is worth in Japanese yen, without involving the U.S. dollar.

Foreign exchange risk is the possibility of financial loss caused by changes in currency exchange rates. It affects businesses that trade internationally, investors holding foreign assets, and even companies with overseas operations or suppliers.

The debate between traditional banks and modern FinTech companies is becoming more important than ever. Both options offer distinct advantages depending on what you need, whether it’s saving money, making international payments, or securing a loan.

Healthcare is stressful enough without the added anxiety of unexpected bills. For years, patients across the United States faced “surprise bills” after receiving care — charges they didn’t anticipate, often because an out-of-network provider was involved without their knowledge.