Reliable Physical Therapy RCM Services that Drive More Revenue
- HIPAA Compliance
- Fraud and Abuse Prevention
- Medicare Fee Schedule (MFS)
- Medicaid Managed Organizations (MCOs)
Delivering Innovative Solutions for PT Revenue Leakage Management
Reduce Administrative Burden
Our physical therapy RCM services allow us to alleviate the administrative burdens by handling all tasks like insurance verification, claim submission, and payment posting.
Enhance Financial Performance
Outsourcing your billing and RCM to physical therapy billings can improve your PT practice's financial performance. We provide you with detailed reports and analytics.
Scale as You Grow
Our physical therapy RCM services are designed to accommodate the growth of your practice. We provide customized solutions and handle the bulk of claims as your practice grows with time.
Why Do You Need to Outsource Physical Therapy RCM Services?
85%
of PT practices that utilize RCM services reported increased patient satisfaction.
20-30%
decrease in claim denials by outsourcing physical therapy RCM services.
5-10%
increase in revenue by outsourcing physical therapy RCM services. (Journal of Medical Practice Management)
15-20%
improvement in the overall collection process by outsourcing physical therapy RCM services. American Physical Therapy Association (APTA)
20-30%
decrease in administrative costs by utilizing physical therapy RCM services. (Journal of Rehabilitation Administration).
Physical Therapy RCM Solutions for your Practice
Insurance Verification and Network Participation
We ensure accurate and up-to-date insurance information for each patient, verifying coverage and network participation for specific PT services.
Prior Authorization and Referrals
Our team handles obtaining prior authorizations and managing referral requirements from physical therapists, eliminating delays and ensuring proper authorization for treatment.
Benefit Explanation Review (EOBs)
We analyze patient benefit explanations (EOBs) to identify potential discrepancies or underpayments, maximizing your reimbursement potential.
Coding and Documentation Support
We offer ongoing support with coding accuracy and documentation best practices to maximize reimbursement and minimize claim denials.
HIPAA and Regulatory Compliance
Our team stays current on HIPAA regulations and other industry standards, ensuring compliance with physical therapy billing.
EHR Integration
We seamlessly integrate with your existing EHR system for smooth data flow, eliminating duplicate data entry for improved visibility of cash flow.
Collection Management Strategies
We implement effective collection strategies for outstanding patient balances, minimizing write-offs and maximizing revenue collection.
Revenue Cycle Analysis
Our team conducts regular financial reconciliations & analyzes your revenue cycle performance to identify areas for optimization and cost reduction.
Reporting and Analysis
We provide comprehensive reports tailored to your needs, offering insights into main KPIs like coding accuracy, claim denial rates, and collection performance.
Patient Intake and Demographic Verfication
Our team streamlines patient intake by verifying patient demographics and insurance information, ensuring accurate billing.
Statement Generation
We generate clear and concise patient statements to facilitate prompt payments, and our staff can manage communication with physical therapists to answer billing inquiries.
Patient Payment Processing
We offer secure options for PT patients to make co-pays & deductibles online or by phone, improving ease of payment & reducing outstanding balances.
Denial Management and Appeals
Our experienced physical therapy RCM expert staff analyzes denied claims, identifies root causes and prepares appeals to maximize successful claim reimbursement.
Secondary Billing and Coordination of Benefits
We handle secondary insurance billing and coordination of benefits to ensure you receive full reimbursement for covered services and treatment.
Accurate and Complete Charge Capture
Our team ensures proper coding and documentation of physical therapy services to create clean and accurate claims for submission.
How We Manage Physical Therapy RCM with Excellence?
Category
Inhouse – Physical Therapy RCM
Physical Therapy Billings RCM
Don't Let Revenue to Slip Through Cracks
Need to fix revenue leakage? We have data driven insights across your practice revenue cycle from patient registration to collection management. We help you to:
- Manage e-claims accurately
- Increase collection and cash flow
- Robust compliance framework
- Audit as a safeguard
Why Do Physical Therapy Practices Love Our RCM?
Let us Handle PT RCM Services.
Contact us today to learn more about how PT RCM services can help your PT practice thrive!
What Challenges Are Your Physical Therapy Practice Facing?
See How Physical Therapy Billings Help Their Clients
Get Clear Answers to Your FAQ’s
Q: How secure is my physical therapy practice data?
Q: What are your fees for Physical therapy RCM services?
Q: Do you offer integration with our existing practice management software?
Q: How will you improve the cash flow of our physical therapy practice?
Q: Can you handle billing for multiple locations in the US?
Other Services We Offer
Physical Therapy Coding
Our AAPC and AHIMA-certified coders ensure accurate coding for services rendered. We keep you compliant with coding guidelines. Our specialty-specific coders manage physical therapy coding operations seamlessly.
Physical Therapy Medical Billing
At Physical Therapy Billings, we provide comprehensive billing services that eliminate the hassle of managing your revenue cycle. Our billing experts handle all aspects, from claim submission to payment posting.
Physical Therapy Credentialing
When it comes to PT Credentialing, we have got you covered. Our expert team manages all paperwork and communication with insurance providers. Let us focus on credentialing by delivering exceptional outcomes.
