Medicare does pay for psychiatric collaborative care management but be sure that you and the reporting physician thoroughly understand the requirements for the service. In particular, in addition to the treating physician, there must be the psychiatric physician or QHP whose scope of practice includes prescription of a full range of medications and is paid for consultative work under a contract with the treating physician, and a behavioral health manager who has a masters/doctoral-level education or other specialized training in behavioral health. A registry of all patients receiving the service must be established and maintained, as well. (Some state Medicaid programs offer help accessing a registry to physicians who provide this service to Medicaid patients.)
It would also be advisable to review payment policies of the practice's top payers to verify that these codes are payable under their fee schedules.
Hope that is some help,
Cindy