Physical Therapy Billing Made Simple and Effective
Reliability in Service & Superior Quality
- Your Trusted Billing Partner
Reliability in Service & Superior Quality - Your Trusted Billing Partner
Seamless Billing for Physical Therapy Providers
Like any other healthcare providers, physical therapists face numerous hurdles in realizing appropriate reimbursements for their services. A cumbersome billing process, stringent payment guidelines and insurance companies increasing reluctance to pay are the key challenges in physical therapy practice. The most significant reason for claim denials in physical therapy is the “medical necessity” of the service offered. An effective revenue cycle management process greatly helps in addressing these challenges and can contribute significantly to safeguarding the financial health of your practice.
Our team of talented billers and coders have adequate knowledge and experience in physical therapy billing and coding in various setups. We at RCM Workshop, take pride in safeguarding your financial health through an optimized medical billing process starting from eligibility & benefits verification, prior authorization to accurate coding and quick submission of claims. Our post billing process encompassing denial management and AR follow-up ensures timely collection and speedy resolution of denial claims. Our team is well-versed with most of the EMR software and can quickly adapt to your existing software.
Unbeatable Service, Quality & Price
OUR PROCESS
Our Physical Therapy Billing Process Workflow
Backed by a team of dedicated and experienced coders and billers, our physical therapy billing process comprehensively addresses the challenges to ensure swift and accurate payments. Our billing experts work diligently and follow industry standard best practices for physical therapy revenue cycle management to minimize errors and reduce claim rejection rates, resulting in better turnaround time and higher revenues for your practice.
Our physical therapy billing team is well versed in coding (ICD-10 & CPT) applicable for physical therapy and the latest billing guidelines to ensure your practice receives accurate reimbursement for services rendered. Our efficient process for denial management and AR follow-up ensures timely payment and eliminates payment delay. Our pre-service workflow ensures clean claim submission and reduces denials significantly. Our metrics driven reporting tool captures and reports every aspect of process performance – productivity, quality and $ collections in a transparent way and gives you full control over your billing process.
Scheduling & Registration
Perform well–coordinated appointment scheduling, update insurance details and handle inbound outbound calls from/to patients.
Eligibility & Benefits Verification
Prior Authorization
Medical Coding
Charge Posting
Enter the charges for the services provided in the billing system, including the cost of the medication and the administration fee.
Claims Edit & Submission
Payment Posting
Denial Management
Analyze and categorize denial claims according to denial codes, $ amount and payers, and resubmit claims after correction.
AR Management
Patient Collection
CHALLENGES
Challenges in Physical Therapy Medical Billing
BEST PRACTICES
Our Physical Therapy Billing Best Practices
Leveraging data analytics and a thorough analysis of denial trends in billing, we have established a foundation of best practices and our services designed to meet specific needs of physical therapy practices ensure a seamless support for your billing requirements and operations. Our proficiency in physical therapy revenue cycle management significantly contributes to streamlining your billing processes and ensures full compliance with billing regulations.
- Thorough and accurate eligibility and benefits verification
- Effective prior authorization process to obtain prior approval proactively
- Ensure correct documentation and establish medical necessity
- Thorough review for ICD-10 & CPT codes and modifiers
- Efficient denial management and prevention of denials
- Proactive and meticulous claims follow-up with payers
- Accurate payment adjustment, write-off and reconciliation
- Stringent quality audit at every stage of billing cycle to ensure accuracy
BENEFITS
Outcomes Guaranteed
Efficient benefits verification
>99% clean claim submission
Efficient authorization management
<24 hours turn-around time
Efficient coding & code review
>25% increased reimbursement
Efficient denial management
<5% claims denials
Proactive accounts receivable follow-up
<40 days AR & reduced aging
Better coordination & documentation
improved revenue cycle
WHY US?
Why partner with us
Our revenue cycle service encompasses all facets of your physical therapy billing needs, seamlessly integrating into your existing billing infrastructure. By following medical billing best practices and protocol for quality assurance and compliance, our dedicated team provides a superior and improved billing service. We are committed to delivering unparalleled support and productivity, while helping you optimize your revenue cycle. Outsource physical therapy billing services to us today for exceptional outcomes and to transform your revenue cycle process.