Medical Billing for Physical Therapy
Medical Billing Agency for a Physical Therapy Practice
Medical billing for physical therapy is one of the most critical aspects of running a successful practice. It requires not only the timely submission of claims to insurance companies and payors, but correcting errors, managing denials, and ensuring accurate payments. As the healthcare industry continues to evolve, physical therapists face an increasing number of challenges in staying compliant and in maximizing revenue.
This is where ACME Billing Solutions can help streamline your practice and make it more efficient and profitable. We’re going to look at not only why the medical billing process is so important for physical therapy practices, but also the benefits of outsourcing your medical billing to experienced professionals.
Billing & Collections
Claims, daily billing submissions, & collections brought to you by Acme Billing.
Audit Management
Investigate & maintain your practice's documentation and records.
Credentialing & Contracting
From in-network negotiations to licensure and training, Acme Billing can help.
Custom Billing Solutions
Whether you are a large scale healthcare provider or an independent practice, we have billing solutions that work for you.
Eligibility & Verification of Benefits
Learn about our free verification of benefits service and how we can help you help clients at the right place & right time.
Denials, Negotiations, & Appeals
Denials & negotiating payments can be exhausting for any medical practice. Let us do the work for you.
Want to learn more about how we can save your business time and money?
The Importance of Medical Billing for Physical Therapy
Medical billing for physical therapy is critical because it helps ensure that your practice is paid properly for the services you render. With a constantly-changing landscape of coding and insurance regulations, it can be incredibly challenging to keep up with all of the updates, stay compliant, and reduce errors. Errors lead to denials, and denials lead to drops in revenue, cash flow, and even professional reputation.
With the importance of medical billing for physical therapy, it’s crucial to tailor the coding and billing needs for a physical therapy practice. Our team coding and billing specialists are up-to-date on all applicable Current Procedural Terminology (CPT) codes for physical therapy and have a deep understanding of the International Classification of Diseases (ICD) codes. Additionally, we keep all of our specialists well-versed in all payer-specific regulations and guidelines.
The Benefits of Outsourcing Your Medical Billing
Outsourcing your medical billing for physical therapy can bring a host of benefits to your practice. Take a look:
1. Increased Revenue
Since we keep our team trained and up-to-date on all of the latest coding, billing, and industry trends, we can help you identify billing errors and can help you optimize and streamline your entire billing process. This leads to fewer errors and increased revenue for the practice.
2. Enhanced Compliance
In addition to being trained on all of the latest codes and industry trends, our experts are also kept up-to-date with all of the latest regulatory requirements and guidelines. This is essential for small practices, for whom even a small fine or penalty has the potential to be catastrophic.
3. More Time for Patient Care
When a practice outsources its billing responsibilities, the employees have more time to focus on what they do best: care for their patients. When we take care of the billing, we have more time to take care of the patient, creating a higher level of care.
4. Reduced Overhead Costs
Outsourcing your billing to ACME Billing Solutions can eliminate your need for hiring in-house coding and billing staff, as well as the need for investment in any costly billing software. Since it can be treated as an ongoing expense, and you only pay for the services you use, your practice can save a significant amount of money.
5. Access to Analytics and Reporting
ACME provides you with detailed and insightful reports and data analytics for your practice’s financials. These insights can help you make more informed, data-driven decisions for your business.
6. Improved Patient Satisfaction
When you delegate your billing tasks to an outsourced billing service provider, you’re able to enjoy a greatly simplified and streamlined billing process. Your patients can expect clear, accurate billing statements, prompt answers to inquiries, and greater satisfaction with your services, overall.
Find out why Acme Billing is the right partner for your healthcare business. Call and get a free assessment: 1.888.909.8055
The ACME Billing Solutions Difference
ACME’s commitment to accuracy and customer satisfaction is what helps us meet each unique need of your business. If you’re ready to try delegating your billing workload to a specialty medical billing service for physical therapy, reach out and speak to a member of our team about your organization’s needs.