The revenue of your Physical Therapy services is directly correlated to on time billing, timely follow up and account reimbursement. When it comes to business aspect of medical services, contracting a quality medical billing services company is one of the most crucial decision medical service providers have to make.
It is important that your revenue cycle is handled by a professional and well experienced Physical Therapy billing company. Physical Therapy medical billing can be more challenging than any other specialties billing due to the complex Physical Therapy medical codes. As a result, it is necessary to have well experienced Physical Therapy coders which are well aware of cardiovascular terminologies, coding, and billing.
How We Can Help in Physical Therapy Billing Services
Right Medical Billing have years of experience providing Physical Therapy billing services. Our professional Physical Therapy billing service team will do accurate Physical Therapy billing and coding to get on time and maximum possible reimbursement. For in-detail information about how we can help you achieve maximum Physical Therapy services reimbursement, contact us right away.
We provide complete Physical Therapy billing services as well as customize billing services which include the following:
In this procedure, we will verify that patients are eligible for Physical Therapy services benefits under their insurance policy and also that patient plan have referral or pre-authorization requirements. After checking, we compute the amount of deductible and the patient’s co-payment. Our Physical Therapy billing have enhanced cash flow, reimbursements and insurance eligibility verification services.
Demographics & Charge Entry Services
The main step in the billing process is charge entry, which determines the amount of payment for the healthcare organization. Charges from patient FaceSheet are entered into the patient’s account. It is essential to have a talented team working on patient demographics entry since they must enter highly correct data into the system.
Our Physical Therapy billing services team can provide you with high-quality and error-free patient demographic and Physical Therapy charge entry services.
Physical Therapy Billing & Analysis
Our Physical Therapy medical billing team reviews several sources in a patient’s file, such as the doctor’s transcription, diagnostic test reports, imaging reports, and other sources, to verify the services performed and assign appropriate physical therapy codes.
Incorrect code submission can lead to continuous claim denials, underpayments, and a disrupted workflow. Such difficulties can result in unnecessary claim-related burdens and complex medical billing issues.
Following up on all accounts receivable instances can be a time-consuming and difficult effort. We pursue unpaid Physical Therapy claims persistently to keep AR days to a minimum. Our Physical Therapy accounts receivable management staff also ensures that refused and underpaid claims are appealed as soon as possible to guarantee that they are processed and reimbursed on time.
Physical Therapy Services Collection & Denial Analysis
Claim denials can result in significant losses for companies; thus, they must keep track of them. Our Physical Therapy collection services team determine the reason for denial, fix the errors, and resubmit the denied claims within timely filing limit.
If the claim is denied due to the lack of sufficient information, the gaps are addressed as soon as possible. Our Physical Therapy billing professionals and analysts can assist you in keeping track of denials, analyzing the cause of denials for improving the process, and reducing the number of denials.
Payment posting is the first line of defense in recognizing payer issues. Denials for medical necessity, non-covered services, and prior authorization will be identified and assigned to appropriate Physical Therapy RCM team members to handle.
We look over ERAs and the scanned EOBs (Explanation of Benefits) to ensure that every detail about the payment is entered into the system. Following that, the data is appropriately updated into patient accounts.
Provider credentialing is a vital stage in the revenue cycle and how a physician or provider gets associated with payers. The technique allows patients to use their insurance cards to pay for Physical Therapy services consumed while also allowing the provider to get paid for the medical services provided.
Our Physical Therapy billing team processes the faster payment by setting up ERA setup, gets more referrals, mitigates revenue leakage, reduces denials, and identifies the provider’s trend.
Physical Therapy Billing Software Right Medical Billing Supports
Billing software is an essential component of the revenue cycle management process. Billing and other administrative procedures are notoriously time-consuming and paper-intensive. A modern Physical Therapy billing software systems enables billers to be as efficient as possible when coding, filing, and tracking claims.
With over past years of experience in the health sector, we have easily understood customers needs and provided the medical billing services. Our team has the expertise to work on several tools and technologies for Physical Therapy billing as well as all other specialties. We can deal with any major medical billing software, including CollaborateMD, Medisoft, Medical Manager, Docutap-Experity, eClinicalWorks, NextGen, Advanced MD, Kareo, Gorev, Elligence, etc.
Why Choose Right Medical Billing for Physical Therapy Billing Services
We offer a comprehensive range of Physical Therapy Medical Billing Solutions to meet the exclusive needs of your healthcare organization. Right Medical Billing has proven experience of working with short-term and long-term care facilities ranging from stand-alone hospitals to healthcare systems with multiple facilities and specialty programs. Below are some of the leading hospitals and healthcare systems, Right Medical Billing has worked with.
- Altus Health System
- Memorial Hermann Health System
- Kindred Healthcare
- Houston Methodist
- Cornerstone Healthcare
- UTMB Health
When you outsource your Physical Therapy billing services to Right Medical Billing, you gain an approach to various assets. Some of the important reasons to choose us as your medical billing and coding partner include providing HIPAA compliant Physical Therapy billing services and using front-line tools and technologies.
Our experts are available 24/7 to answer your questions while giving timely billing services. We provide affordable and tailored medical billing and coding services.
Key Points That Makes Us Best Medical Billing Company
- Our team ensure that your front-end denials are 20% less.
- Reduce manual entry concerns and improve RCM system efficiency.
- Improve the correctness of the fees and collection.
- Out of Network Negotiations.
- Payment posting and refunds adjustment to improve the cash flow.
- Account manager dedicated to all your requirements.
- Provide high quality and error-free Physical Therapy billing and collection services.
- We always increased the collection ratio of our clients as a result of faster account receivable process and on time follow up.
- Use the latest technology and tools.
- Offer Services that are easily scalable at all times.
So what are you waiting for? Schedule an appointment and grab the opportunity for in-detail meeting with Physical Therapy billing specialists and let us tell you how we can help to achieve maximum Physical Therapy services reimbursement.
Contact Right Medical Billing today at (281)-864-0448 for your consultation. There are multiple advantages to allowing us to become a part of your team. We will help you increase your cash and patient flow while also helping you to streamline your work. Our team is more than just a billing company. Contact us to learn more about how we can help you.