Peter Yellowlees MD
For mental health providers and clinic managers, Async isn’t just a novel tool – it’s a practice game-changer that directly translates into productivity gains and financial upside. In a field where clinician time is the most precious (and expensive) resource, Async effectively creates more time. That extra time and efficiency then drives more appointments, more billing, and more revenue, all while reducing costs. Let’s break this down.
1. More Billable Visits (Higher Throughput): The most straightforward impact is that psychiatrists and psychologists can handle more patient encounters in the same work hours. By cutting the intake process time roughly in half, Async doubles the number of new patients a clinician can evaluate in a given day. For example, if you used to see 8 patients per day (with some of that time taken by initial evals and paperwork), you might now manage 10–12 without extending clinic hours. Whether you’re charging insurance, Medicare, or session fees, more visits = more revenue. Async has been estimated to add $30,000 to $80,000 per provider per year in extra income just from these extra billable consultations. And because Async’s notes are thorough, clinicians can bill at appropriate (often higher) complexity codes confidently, knowing the documentation supports their coding decisions. There’s also potential to utilize new billing codes (like collaborative care or telehealth-specific codes) that Async’s model opens up, capturing revenue that might have been previously lost.
2. Recapturing Lost Time (No-Show Recovery): Every clinic knows the frustration of no-shows and late cancellations – they directly eat into revenue with no reimbursement. Async helps virtually eliminate unproductive downtime. How? In the traditional model, a no-show leaves a 60-minute gap. With Async, that hour is easily filled: the psychiatrist can use it to review Async interviews from other patients, effectively plugging revenue leaks. There is less unbillable time in the schedule. Over the course of a month, converting a few no-show slots into productive case reviews can raise completed visits by 10–15%. For providers on salary, it increases output; for those paid per encounter, it directly boosts pay. Additionally, fewer no-shows occur in the first place because patients aren’t waiting for long periods of time which is known to correlate with high no-show rates. So Async not only fills holes, it prevents some holes from happening.
3. Reduced Administrative Load (Lower Costs): Productivity isn’t just about seeing more patients – it’s also about spending less time and money on non-clinical tasks. Async automates transcription and note-writing, which can save on administrative staffing. By using Async, you might avoid needing a scribe service, or free up support staff to do other revenue-supporting activities (like outreach or care coordination). The AI scribe is essentially doing the work of a medical transcriber/assistant but at a fraction of the cost continuously. Also consider clinician recruitment and retention costs: by easing workloads and burnout, Async might also help you retain staff longer (avoiding expensive recruitment or locum tenens costs). Happy doctors who aren’t overloaded are less likely to cut back hours or retire early.
4. New Billing Opportunities and Fewer Missed Charges: Async’s detailed documentation can improve billing accuracy. We all know if documentation lacks a certain phrase or detail, insurance may downcode or deny a claim. Async’s notes are thorough, helping ensure nothing is missed for coding. Moreover, because the process is standardized, documentation is ready faster, so billing can be submitted promptly, improving cash flow. If you’ve ever had a clinician submit notes late or incompletely and miss a billing cycle, Async’s instant notes can mitigate that.
To quantify the impact: In a clinic setting, if each psychiatrist can earn, say, an extra $50k a year by seeing more patients, a group of 10 psychiatrists brings in $500k more. If administrative efficiencies save another $100k (in transcription services or overtime), that’s $600k. And if improved access attracts additional volume worth $200k, now you’re at $800k. These numbers will vary, but the point is Async has multiple avenues of financial return – direct clinical revenue, operational savings, and growth from improved service capacity.
In summary, Async lets clinicians work smarter, not harder – and the revenue follows. You get more out of the resources you’re already paying for such as your clinicians’ time and your clinic space. The investment in Async can pay for itself many times over in increased productivity and revenue all while enhancing care. That’s a return on investment that’s hard to beat.
info@asynchealth.com
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