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START-UP PRACTICES
Bring Your Vision Into Focus
You’ve been dreaming of and planning for launching your practice. You have a long list of questions and things to do. WiseMind is here to provide answers and tools to help.
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How do I get credentialed with insurance as a new provider?Credentialing involves applying to insurance panels, maintaining CAQH profiles, and negotiating contracts. This can take months, but our team handles the process for you, ensuring faster approval and fewer delays.
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What are the first steps to starting a private therapy or psychiatry practice?Key steps include choosing a business structure, securing licenses, getting credentialed with insurance, selecting an EHR, and setting up billing. We simplify this process with expert support for credentialing, billing, and front-office management.
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What systems do I need to run my practice efficiently?A solid foundation includes an EHR, billing software, scheduling tools, and telehealth integration. We work with leading platforms like athenahealth and Health iPASS to ensure seamless operations from day one.
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How can I avoid common revenue mistakes?The biggest pitfalls include delayed credentialing, incorrect coding, and weak collections processes. Our revenue cycle management (RCM) services help new practices optimize billing from day one to prevent revenue loss.
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Should I handle billing myself or use a service?Many new practices underestimate the complexity of insurance billing, coding, and claims follow-up. A managed billing service like WiseMind’s helps you avoid costly mistakes, reduce claim denials, and ensure consistent cash flow.
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How do I get paid faster as a new practice?Fast payments start with clean claims, real-time insurance verification, and proactive denial management. Our billing experts ensure accurate coding, on-time submissions, and streamlined collections to reduce revenue delays.
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How do I attract my first clients?A combination of referrals, online presence, and community outreach is key. We help new practices implement smart scheduling, patient communication tools, and streamlined intake processes to support growth.
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What technology should I use to streamline operations?A HIPAA-compliant EHR, automated billing system, and integrated scheduling software are essential. WiseMind ensures smooth tech adoption and ongoing support so you can focus on patient care.
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How can I reduce no-shows and last-minute cancellations?Automated reminders, flexible scheduling, and clear policies help minimize missed appointments. We integrate scheduling solutions that improve patient engagement and reduce lost revenue.
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