Industry News
Common Questions at Physical Therapy Billing.
Leveraging Billing Analytics to Increase Profit Margins
In today’s competitive healthcare environment, physical therapy practices must do more than just provide excellent care to thrive—they must also operate efficiently and profitably. One of the most powerful tools at a practice's disposal is billing analytics. By...
The Role of Blockchain in Future-Proofing Physical Therapy Billing
As technology continues to evolve, the healthcare industry is on the brink of a digital revolution. One of the most promising advancements in this space is blockchain technology, which has the potential to transform how physical therapy practices manage billing and...
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...