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

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