Physical therapists bear a considerable responsibility for patient care. They work hard to recuperate patients after injury. However, billing for their services is difficult because of their treatment requirements. Medical billing for physical therapy can be costly for patients and providers in terms of time and money. Patients must visit the clinic and take treatments session-wise, which makes for many visits, and each visit needs to be billed. Physical therapists cannot do this hectic and time-consuming process of billing on their own; that is why we are here to help them with our customer-oriented medical billing services to ensure time savings, accelerated reimbursements, enhanced revenue cycle, timely claims submissions, and effective denial management.
It is estimated that a large amount of money in healthcare industry costs in the US went to outsourcing medical billing services, which is thought better and cost-efficient than hiring a whole team for administration work. But still, outsourcing a medical billing company that goes according to your specialty and fulfills your requirements by fully taking the responsibility of billing each service or treatment you are providing and making it very easy for payor companies to pass the claims is very difficult to find. Being a medical billing service-providing company, we offer comprehensive billing solutions that directly impact your practice time, business growth, profitability, and reimbursements.
We provide physical therapy billing services to simplify physicians’ and administration staff’s tasks. Through this, physicians can concentrate on patient care more. We genuinely understand that physical therapy billing is very challenging and often results in claim denials, specifically regarding the medical necessity of this specialty. Hiring an additional in-house team for billing and coding will be a massive financial burden on your practice’s revenue. We provide efficient medical billing services with a team of certified and trained billers with extensive experience handling complex physical therapy specialty billing processes within a practice.
By partnering with us, you will get customized strategic solutions that help simplify and streamline your overall coding and billing procedures, along with patient eligibility verification within the payor companies. We ensure fast placements of physical therapists in the list of top commercial and state-funded insurance companies. Let’s just explore the more lucrative benefits of outsourcing Premium Medical Billing Solutions LLC
We utilize all of our expertise to grow providers’ financial health, which we have gained after working hard while serving US-based healthcare providers. Our expert medical billing services help you optimize your revenue cycle.
While providing medical billing and coding services, we ensure our services comply with HIPAA and CMS regulations. We adhere to all the policies initiated in terms of patient data security.
We specialize in physical therapy billing and enable physicians to spare more time for patients and make their practice grow more.
We have a strong track record of processing claims with top commercial and other payor companies, including Medicare, Athena, and others. We can ensure our clients have thorough and effective claims management.
Our approach is not limited to reducing the administrative burden but also enhances clinical operations.
Our efficient medical billing services are very cost-effective for healthcare providers. In addition, by managing your revenue cycle and accelerating your reimbursements, we provide 50-65% cost savings without compromising service quality.
We have an expert understanding of Medicare and state-specific Medicide policies that are crucial while maximizing and securing reimbursements.
Our expert billers and coders are trained in the most common medical coding software, certified by the American Association of Professional Coders, for efficient and precise billing processes.
Medical billing for physical therapy can be complicated and challenging to handle. It can become a severe headache for therapists while understanding and coping with the nuances of medical billing and their everyday responsibilities. To bag reasonable reimbursements and handly cash flow for your practice, do a simple search by typing physical therapy billing services near me or contact us to remain more relaxed and rich in financial health. We can take good care of your billing cycle and make it more efficient by providing you with:
Inaccurate and incomplete patient information badly impacts the medical billing process. We can verify patient information by checking their eligibility for the required care. This will help in reducing denials and ensure a successful claim process. We also adopt a standard method of checking all the claims before submission, which helps make clean claims.
Coordinating with patients regarding payment plans is very important. We offer easy coordination with the patients on your behalf to settle patient’s expectations and payment plans. This is a way through which patients are aware of their financial responsibilities. This practice increases patient satisfaction and also avoids unwanted surprises from payors
We recommend providers to invest in technology. This era allows them to share their 40 percent burden with technology, and we will take the remaining 60 percent. Automation of processes results in minimal billing and coding errors. It is also helpful in lowering missed bills, late payments, and other unwanted charges. We can implement the latest tech-based medical billing solutions for your practice.
The billing audit is one of the best practices while providing you with our premium medical billing services. By this, you can maintain transparency and focus on the areas of improvement for the development of your practice. With the help of our extensive experience in billing, we can also recommend points of improvement.
An insurance provider pays the healthcare provider for the treatments or sessions when the patient’s medical coverage meets the required criteria. However, insurance providers have stringent measures for processing claims. They do not determine if the treatment is necessary for the patient. They pay according to their standards. They can delay or reject your claim because of coding or billing errors. So, it is essential to submit clean claims with proper physical therapy CPT Codes:
We work according to the eight-minute rule – In the specialty of Physical therapy, treatments are billed according to the time duration and the number of units.
One-on-one Vs group sessions – the treatments and healthcare facilities in physical therapy are done in two ways, one-on-one and group sessions. This way treatments must be billed separately to avoid claim rejections.
Coding Errors– Coding errors are the most common reason for denials. These are the easiest mistakes that a coder can make at any time due to their complexity. Coders at our company that is why cross-check each transcript to avoid coding errors.
Tracking and analyzing claims– In our working tenure we have noticed that providers mostly lose track of ongoing claims. This happens the most when they process too many claims at once. It is always important to track claims and analyze their status. Our expert billers adopt this practice to avoid processing delays.
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