Insurance panels for therapists can be a strategic move if you hope to expand your practice and are wonderinghow to get more therapy clients. Being paneled — also known as being credentialed — means you and a group of providers work with an insurance provider to offer care to their clients. As a result, your services are more accessible to a broader range of people seeking mental health support. This can be a game-changer.
While the process might seem daunting at first, this guide walks you through how to get paneled with insurance providers, so you can get back to doing what you love.
Be a Talkspace TherapistWork flexible hours as part of a supportive virtual community of care providers. Receive ongoing training and free CE credits.Apply now
Be a Talkspace TherapistWork flexible hours as part of a supportive virtual community of care providers. Receive ongoing training and free CE credits.
Be a Talkspace Therapist
Work flexible hours as part of a supportive virtual community of care providers. Receive ongoing training and free CE credits.
Apply now
Benefits of Getting Paneled with Insurance
Knowing how to get on insurance panels can offer several benefits. First and foremost, it opens up new opportunities for you and your clients. It can allow you to increase your income potential while enhancing access to mental health services for your clients.
Some of the key benefits of getting paneled include:
“The benefits of getting paneled with insurance include the following: The relationship is just between the client, insurance, and the therapist, so it feels more intimate. The reimbursement rate for therapists is significantly closer to their value. Clients get to align their needs with what they seek in a therapist. It allows for a significantly larger pool of referrals. It places less pressure on clients to pay for the entire service independently. Clients are often paying for insurance even if they aren’t using it, so this allows them to use those funds towards self care.”
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#1 Research different insurance companies
#2 Check your qualifications
Before applying to any panel, ensure you have an active, unrestricted license to practice therapy in your state. You’ll also need to hold professional liability insurance. Finally, ask if enrollment in Medicare or Medicaid is required.
#3 Prepare your documents
You’ll need specific documentation to complete the application process. For example, you will need to submit copies of your current license and liability insurance coverage, a CV or résumé that details your experience in education, a Council for Affordable Quality Healthcare (CAQH) form (if applicable), and references from colleagues or supervisors (if required).
#4 Submit your application
#5 Undergo the credentialing review
Each insurance company will have a credentialing committee. They will thoroughly review your submitted application to ensure you meet their standards and requirements. Upon approval, they’ll begin the next step in the process, which includes interviews and potentially some additional paperwork. Be patient during this process, and go into it expecting it to take some time. On average, it can take anywhere from 60-90 days to get credentialed with insurance companies.
#6 Review the terms of your agreement
Once you’ve been accepted into a panel, carefully read through and understand all the details regarding your insurance reimbursement rates, timely filing requirements, and any penalties for noncompliance. Upon acceptance, you can begin to negotiate payment rates with the insurance company.
#7 Maintain your paneling status
Keep your license and liability insurance current and stay informed about any insurance policy changes and requirements. Be sure to submit updates and modifications promptly to ensure continuation of services.
Figuring out how to get on insurance panels as a therapist can be overwhelming. Not sure you want to go through the hassle? You can skip the headache and joinTalkspace’s network. Talkspace is an online therapy platform that offers incredible benefits and helpfultips for new therapiststo maximize their success and provide quality care to their clients.
“Credentialing with insurance is quite cumbersome on the front end. It also costs money for someone else to help you. There are many perks that come with making it through the process — but Talkspace credentials all their therapists for them, so the upfront investment isn’t a factor in offering therapy.”
Enjoy flexibility and an emphasis onwork-life balance, gain exposure to a diverse clientele, access cutting-edge technology and tools, and benefit from ongoing support and professional development.
Talkspace therapists get competitive compensation and enjoy the freedom of working as independent contractor therapists with their own clientele. Ditch the overhead costs associated with traditional private practice, forgo the headache of applying to and joining insurance panels, and become a Talkspace therapist today. Learn more about how to work as a therapist in theTalkspace network.
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