In addition to the physical and psychological stress of their employment, physical therapists may have trouble billing and getting paid, especially from insurance companies. Medical billing is tiresome, time-consuming, and frequently challenging.
Physical and occupational therapists benefit from using a skilled physical medical billing company to manage their payments. A specialised invoicing service allows you and your staff to spend more time on patients while saving money and streamlining operations. Medical billing with a licence
Why Medical Billing Is Important for a Physical Therapy Business
Medical invoicing is crucial for all businesses engaged in the healthcare or clinical sectors, not just physical therapy businesses. Medical billing entails reviewing electronic medical records (EMR), filing insurance claims, monitoring these claims, and adhering to procedures to be reimbursed.
Regrettably, it is frequently the healthcare provider’s duty to follow up on a claim to make sure they are completely compensated. They must complete voluminous papers and submit supporting evidence in order to do this. The healthcare provider frequently loses out on payment as a result of improper billing, which is quite prevalent.
Coding is one of the most crucial aspects of physical therapist billing services. To record the services and procedures, all medical professionals use the AMA’s Current Procedural Terminology (CPT).
Billing Difficulties for Physical Therapy Companies
One of the most prominent issues faced by physical therapists in terms of payments and reimbursements is with insurance companies.
Many patients of physical therapists are injury sufferers, either from sports, car accidents, or other accidents like slips and falls. This means that much of the treatment is claimed from insurance companies. For insurance companies to reimburse physical therapy businesses, they must submit individual applications that can take as long as ten hours to complete, leading to extended office hours.
Insurance applications are frequently rejected, requiring the healthcare provider to take more time to correct and resubmit applications to the insurance company.
Outsourcing Medical Billing to Rx RCM Medical Billing Services
Healthcare provides medical billing services and specialised tools to physical therapy and occupational therapy practises. We are a premium provider, offering thorough and excellent billing services to guarantee that you are always paid and that claims are processed promptly.
Working with Healthcare can teach you how to improve your revenue cycle management, decrease errors, increase cost efficiency, improve practice management, and develop a better system for interacting with insurance companies, in addition to ensuring timely payments.
We offer a variety of services, such as:
Coding and billing
For unpaid debts, gentle collections
Creating templates and documents
Contract talks for insurance
industry-leading billing program for data entry
Contact Professional Medical Billing Services Today
Our team at AtHealthcare is accessible to offer the knowledge necessary to maximise revenue for your physical therapy practise and address any issues with reimbursement.
Our team is very knowledgeable about the Medicare programme. In addition to helping you with your PT billing, we can help you get your medical credentials so you can advance your career and bring in more people to your clinic. There is no need for long-term contracts because we provide month-to-month services.
To find out more about how we can assist you, give us a call today, follow us on social media, or get in touch with us online.