Physical Therapy Billing Services

physical therapy billingThe ClaimCare Medical Billing Company has significant experience and expertise in physical therapy billing that can generate a major increase in collections for your PT practice. Medical billers and medical billing services are the financial backbone of a PT practice. Practices that do not have the right medical billing expertise in their corner can easily lose more than 20 percent of their practice's potential revenue.

As physicians are taking into consideration the use of medical billing services to stop the hemorrhaging of cash from their practices, they are faced with a broad range of options. On the diminutive end of the spectrum are home-based medical billers. On the opposite end of the spectrum are companies that employ hundreds of medical billers and have thousands of clients.

In thinking through the billing options available, it is essential to understand that medical billing is complicated and requires deep expertise and expansive experience. When a specialty is involved, such as physical therapy, the requirements for billing success become even harder to obtain. Success requires that the medical billing company have a team that is knowledgeable in the complex rules utilized by insurance companies to judge physical therapy billing medical claims.

The choice of an experience medical billing company has become all the more important for practices as they watch their cost rocket upwards. With their margins shrinking they must be confident that their medical billing service is collecting every dollar owed.  Selecting the proper medical billing service is made all the more difficult by the fact that many companies claiming to be experts in billing for PT practices actually do not do the billing themselves, but outsource the work to other vendors that are based in India or work from their homes.

One of the major drawbacks of hiring a medical billing company that does not specialize in physical therapy billing is their lack of familiarity with the procedures and the terminologies used. Even if the medical billing company serves one or two PT practices, they will lack the depth and breadth of expertise required for successful physical therapy billing. Moreover if the hired company does not specialize in PT billing, then they will not have the expertise to effectively appeal denied claims or answer questions raised by the insurance companies.

A typical shortcoming with medical billing services that do not specialize in physical therapy billing is the inability to properly track and pursue insurance underpayments. These underpayments cost most PT practices about 5% of their potential income.

To avoid all these billing related pitfalls you need to utilize medical billing companies like ClaimCare that have deep experience with physical therapy billing.

To learn more about how ClaimCare Medical Billing Services can help your practice please fill out the form to the left or contact a local ClaimCare office.