Industry News
Common Questions at Physical Therapy Billing.
Reduce Denials with a Pre-Bill Review
Question: How do I increase my clean claims rate and reduce my denial rate? Answer: Implement a Pre-Bill Review process. Most denials are caused by errors occurring on the front end of the revenue cycle. There are so many details involved with processes such as...
The Impact of Cybersecurity on PT Billing: Protecting Patient Data
In today's digital age, the importance of cybersecurity in the healthcare industry cannot be overstated. As physical therapy practices increasingly rely on electronic systems for billing and patient management, they become prime targets for cyberattacks. The...
The Economics of Underbilling: Hidden Losses and How to Recover
In the complex world of physical therapy, providing exceptional patient care is only part of the equation. Ensuring your practice is financially healthy is just as crucial, and billing plays a significant role in this. However, underbilling—an often overlooked...
The Hidden Costs of DIY Billing: Why Outsourcing is Key
Running a physical therapy practice comes with many responsibilities, and one of the most crucial is managing billing. While it may seem cost-effective to handle billing in-house, the reality is that do-it-yourself (DIY) billing can carry hidden costs that go far...
How Data from Billing Can Drive Clinic Growth
In the fast-paced world of physical therapy, staying competitive requires more than just excellent patient care—it demands smart business practices driven by data. Billing, often seen as a necessary but mundane task, is actually a goldmine of information that can be...
The Psychological Impact of Billing Errors: Financial Stress
Billing errors are more than just an administrative headache—they can cause significant financial stress that affects the entire practice. From small, independent clinics to large physical therapy practices, the impact of billing mistakes can be far-reaching. The...
How to Handle Billing for Physical Therapy Patients with High Deductibles
High deductibles are becoming increasingly common in health insurance plans, presenting unique challenges for physical therapy practices. Patients with high deductibles may face significant out-of-pocket costs, which can impact their willingness or ability to pay for...
How to Address Underpayments in Physical Therapy Billing
Underpayments in physical therapy billing can pose significant challenges, affecting cash flow and the overall financial health of a practice. Addressing underpayments efficiently requires a proactive approach, a thorough understanding of billing processes, and...
The Impact of Coding Changes on Physical Therapy Billing
In the ever-evolving field of healthcare, staying updated with coding changes is crucial for physical therapy billing. Coding changes, driven by regulatory updates and advancements in medical practices, significantly impact how physical therapists bill for their...
How to Handle Billing for Workers’ Compensation Cases in Physical Therapy
Billing for workers' compensation cases in physical therapy can be complex and challenging due to the unique requirements and regulations involved. However, understanding the process and implementing effective strategies can streamline billing, ensure timely...
How to Implement Electronic Funds Transfer (EFT) for Physical Therapy Billing
Implementing Electronic Funds Transfer (EFT) for physical therapy billing can significantly streamline your payment processes, reduce administrative burden, and improve cash flow. EFT allows for secure, direct electronic payments from insurance companies and patients...