Physical Therapy Billing & Revenue Cycle Management Services
We help private practice owners make MORE money.
Discover the Financial Health of your Practice.
WHY CHOOSE US?
Why Choose
Physical Therapy Billing?
Revenue Cycle processes flow into and affect one another. When processes are executed correctly, the cycle performs predictably. However, problems early in the cycle can have significant ripple effects. The further an error travels through the revenue cycle, the more costly revenue recovery becomes.
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Revenue Cycle Management
What is Revenue Cycle Management?
All administrative and clinical functions that contribute to the capture, management, and collection of patient service revenue.”
Think of Revenue Cycle Management as a complete journey for each patient account. It covers everything from when the account is first created to the moment when payment is received. You can picture it as a sequence of interconnected steps, like the links in a chain, working together to ensure a smooth and successful financial process.
Just one small kink in the chain can throw off your Revenue Cycle and generally wreak havoc. Having interconnected billing functions with feedback loops (back end to front end) improves revenue because it creates time efficiencies, aids communication, and creates a more error free workflow.
US-Based Physical Therapy Billing Services
Tired of The Never Ending Billing Headaches?
We know a thing or two about how hard Insurance Companies make it to get reimbursed. After collectively and successfully launching over 30 successful clinics we decided to solve headaches for other clinics by offering US-Based Physical Therapy Billing Services. Now we serve PT, OT, and SLP clinics across the USA – removing their billing headaches, and providing a great services experience. Now, will billing hassles removed, hundreds of happy therapists are able to fully focus on growing their practice and patient care.
Our Physical Therapy Billing Services Include:
Accounts Receivable follow-up calls with insurance companies.
Billing Support and a U.S.-Based Account Manager for Life.
Payment Posting
Monthly Statements
Enter claims, Review & submit e-claims, fix rejections & denials.
*Verification of Benefits is also available as an additional service.
How we help
How do we help our customers avoid billing errors and put their minds at ease?
Improve Communications/Accountability
Weekly Meetings
Timely Email Support
Monthly Reconciliation Call
Avoid Rollercoaster
Cashflow
25 Point Pre-Bill Review
Feedback Loops
Revenue Cycle Management
Eliminate
Guesstimation
KPI Dashboard
A/R Review
Metrics Trending
Our Stats
Join the Hundreds of Providers Growing Their Practice with Physical Therapy Billing
348+
Physical Therapist Providers
74
Practice Locations
416,201
Visits in 2023
Tired of losing money with unreliable PT billing?
Did you know $262 Billion is denied annually?
Recent studies have unveiled a rather concerning fact: a staggering $262 billion worth of insurance claims are denied each year in the United States. What’s even more unsettling is that a significant 40% to 60% of these denials never undergo the resubmission process. These statistics demand your attention.
Physical Therapy Billing Services ensures that you bid farewell to the complexities of billing, so rest assured, we’re committed to championing your cause against the insurance companies. Our PT Billing Services equip you to stay confidently engaged in the billing battle.
Navigating the landscape of insurance claims can be a formidable challenge, especially when initial denials are common practice. In this environment, it’s imperative for diligent therapists to seek out specialized assistance. At Physical Therapy Billing Services, we recognize the importance of empowerment through knowledge. With us by your side, you can focus on your patients, knowing that your financial interests are well-protected.
However, for many clinicians, the challenge lies in navigating the intricacies of billing procedures. This is where proficient Physical Therapy Billing Services come to the rescue. Our expertise lies in seamlessly integrating with your existing system. We provide hands-on assistance, managing the upload of statements for your careful review and handling all necessary interactions with insurers. With our support, you can confidently optimize reimbursements and shed administrative burdens. To explore how our services can elevate your billing process, schedule a consultation with a PT RCM Services specialist from our team. It might just become one of the most rewarding and insightful conversations you’ve had in a while.
Nonetheless, numerous clinicians encounter a significant roadblock: a lack of familiarity with the intricacies of billing. This is where proficient Physical Therapy Billing Services come to the rescue. To delve deeper into how Physical Therapy Billing Services can optimize your reimbursements while alleviating your burdens, schedule a consultation with a PT RCM Services specialist from our team. It might just become one of the most rewarding Zoom calls you’ve had in a while.
WHat WE Serve
Our Platform
Built by PT Clinic Owners
We increase customers payment per visit by specializing in PT Billing only.
Boosting Profits
Improved billing efficiencies translate directly to the bottom line.
Transparency
Recurring weekly and monthly calls.
Reporting
Monthly KPI’s and Financial Metrics
Think About it
We only charge you for insurance collections
Insurance billing and collections has many in’s and out’s. It’s always changing and it never seems to be the same between payors. We are the experts in this area and that’s what allows you to focus on the rest of your business.
Patient collections is not a complicated process. We can show you best practices to make your staff “Hall of Fame” over the counter collections agents.
Think about it… When your patient comes to the front desk to check in, your staff collects co pays/co-ins’s. Why should your billing company take a piece of that action? They didn’t actually collect it for you.
Traditional Model
Our Model 80% Insurance
$800,000.00
$640,000
$48,000.00
$38,400
6%
6%
Model
Yearly Collections
Yearly Service Fee
Percentage (%)
Our Model You Save:
Our Model You Pay:
$9,600.00
4.8%
Think About it
We only charge you for insurance collections
Insurance billing and collections has many in’s and out’s. It’s always changing and it never seems to be the same between payors. We are the experts in this area and that’s what allows you to focus on the rest of your business.
Patient collections is not a complicated process. We can show you best practices to make your staff “Hall of Fame” over the counter collections agents.
Think about it… When your patient comes to the front desk to check in, your staff collects co pays/co-ins’s. Why should your billing company take a piece of that action? They didn’t actually collect it for you.
| MODEL | Traditional Model |
| YEARLY COLLECTIONS | $800,000.00 |
| YEARLY SERVICE FEE | $48,000.00 |
| PERCENTAGE (%) | 6% |
| MODEL | Our Model 80% Insurance |
| YEARLY COLLECTIONS | $640,000 |
| YEARLY SERVICE FEE | $38,400 |
| PERCENTAGE (%) | 6% |
OUR MODEL YOU SAVE: $9,600.00
OUR MODEL YOU PAY: 4.8%
Testimonial
What has improved
since becoming a customer of Physical Therapy Billing?
“Efficient Communication”
“I love that we have an assigned AR rep I can communicate with. It’s like night and day, hallelujah!”
Jess
Haymarket PT
“Save time to market your practice”
“MY TIME! We did a decent job billing in-house, but I had no time for things like marketing & growing our practice. AR is rock solid now! Thanks PTB.com!”
Mike
Anchor Physical Therapy
“No more leaving money on the table”
“My total collections have increased because you found the errors my old billing service was making. Now I’m not losing money or leaving money on the table.”
Eric
Precision Sports Physical Therapy
Our RCM Specialists
Let our RCM specialists handle your billing
Our dedicated team streamlines your entire billing and collections process. We expertly manage daily claim reviews and submissions, ensure any necessary claims are reissued, and meticulously handle interactions with payers. Our focus is on supporting you—by overseeing payment recording, payer alignment, A/R oversight, and upholding clearinghouse standards. To empower your organization’s performance, we provide an array of practice management reports, facilitate regular account review meetings, conduct thorough benchmarking, and offer essential coding education. Rest assured, we manage the intricate aspects while you maintain control over statement reviews and mailing.
RCM Service
You have a large patient load, and you need a team of experts to take care of your billing.
You’re looking for an experienced biller to submit claims and track down payments.
You need some serious peace of mind.
You're a growing clinic that wants to optimize revenue while maintaining a strong focus on patient care.
How We Work
Physical Therapy Billing works with the following systems:
Using A Different System? Call us: 770-674-8547
OCTOBER 6th – 7th, 2023 IN SEATTLE
Patient Focused Profit Summit
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analysis now!
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