United States, New York, New York – 04-01-2019 (PRDistribution.com) — Partnership provides Child Mind patients with powerful mobile solution that streamlines out-of-network reimbursement process for mental health and learning disorders treatment
Reimbursify’s app (available in Apple App Store and Google Play) is currently being used in 46 states, as company develops similar healthcare and mental health provider partnerships nationwide
Reimbursify, the healthcare-focused technology company that solves patients’ out-of-network reimbursement problems, has launched a partnership with Child Mind Institute, a major independent nonprofit dedicated to transforming the lives of children struggling with mental health and learning disorders. Reimbursify is a preferred partner of the Child Mind Institute.
Patients of the Child Mind Institute will now receive a quick and easy way to file for out-of-network reimbursement claims with their health insurance company in less than 60 seconds. Users can also monitor their current, pending, and past claims and receives text messages, emails, and in-app notifications about the filing progress of those claims.
Reimbursify is a powerful and highly scalable reimbursement solution for consumers, providers and small business and enterprise customers that exceeds all HIPAA security guidelines.
“We are honored to partner with the Child Mind Institute, one of the nation’s most acclaimed and respected nonprofits that focuses on children’s mental health issues, in order to provide their patients with a reliable means for accessing insurance coverage for child mental health and learning disabilities,” said Vatsal Thakkar, M.D., CEO and Co-Founder of Reimbursify. “By providing out-of-network insurance solutions for a large patient group, we are very proud to be helping the Child Mind Institute transform mental health care for children everywhere.”
“As an industry segment, nearly 40% of mental health practitioners are not affiliated with an insurance network. To claim reimbursement, patients face an arcane, confusing and time-consuming process. Many patients simply do not file, leaving hundreds of millions of dollars unclaimed”, said William Brown, Co-Founder and COO. “Reimbursify is changing that equation, putting money back into the pockets of patients while eliminating the burden on providers.”
Available since 2018, Reimbursify’s proprietary technology, based on decades of healthcare experience, includes the following innovative features for users:
- Streamlined Claim Filing: Users can easily file a reimbursement claim with their insurance company from their smartphone in under 60 seconds.
- Claims Dashboard: Reimbursify’s smart dashboard manages all filed claims and keeps track of pending reimbursements.
- Family Filing: Patients can file reimbursement claims for their entire family from one convenient place – keeping family healthcare reimbursement simple and organized.
- Intelligent Notifications & Reminders: Reimbursify provides real-time notifications and on-going reminders on claim status through via email, text or in-app messaging.
- Speedy Filing of Repeat Claims: Patients can save time by ‘cloning’ their claims for recurring appointments. By simply tapping the “Clone Claim” button on a previously filed claim, a user can file for a new visit with the same provider in as little as ten seconds.
According to health care industry studies, total US mental health expenditures will grow to over $200 billion by 2020, with reports that reimbursements will continue to be hard to access in most US states. Overall out-of-network healthcare costs today comprise over $100 billion out of the $700 billion provider market. Yet healthcare providers continue to opt out of insurance networks, thus driving up out-of-network filings.
About the Child Mind Institute
The Child Mind Institute is an independent, national nonprofit dedicated to transforming the lives of children and families struggling with mental health and learning disorders. Their teams work every day to deliver the highest standards of care, advance the science of the developing brain, and empower parents, professionals and policymakers to support children when and where they need it most. Together with their supporters, they are helping children reach their full potential in school and in life. The Institute shares their resources freely and does not accept any funding from the pharmaceutical industry. Learn more at childmind.org.
Reimbursify, founded in 2016, is a healthcare-focused technology company providing app-centric solutions for consumers, healthcare providers & businesses, focusing initially on streamlining and managing the onerous process of filing out-of-network health insurance claims. By leveraging its extensive medical and software technology expertise, Reimbursify is creating mobile technology that provides elegant, easy-to-use, scalable and highly disruptive solutions for helping people increase their coverage, reduce out-of-pocket medical costs and maximize their health insurance benefits.
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