Tips on Finding the Best Physical Therapy Billing companies
Physical therapists who do not want to go through the process of billing their clients normally rely to physical therapy billing companies in order to do the aforementioned task for them. These therapists are more keen on treating patients and prefer not to be overly concerned with assigning client fees hence their partnership with physical therapy billing companies. This set up is convenient for therapists for it allows them ample leverage in terms of service advertisement, while at the same time, ridding them of other undertakings that are deemed relatively insignificant in terms of their actual professional practices. The downside of this, though, is in terms of the insufficient monetary collections they get to have.
If you are a physical therapist, here are some considerations you should make in looking for physical therapy billing companies.
Proper Tools. The most efficient physical therapy billing companies are equipped with most advanced and reliable tools in order to adequately cater to their clients. These tools could include a good software, registration form or patient intake form, Assignment of AOB’s, and fee slip among others.
On Time Billing and Collection. Among the various physical therapy billing companies, one should pick an entity that knows how to aptly handle patients. Form interview to form accomplishment, billing to payment collection, these physical therapy billing companies should be competent enough to cater to all of these tasks and ideally receive payments on time, preferably on the same date of the service.
Handles Insurance Company Codes Efficiently. For patients who are backed up by a health insurance, physical therapy billing companies who know how to best do their job are able to quickly correspond with the insurance company and receive the required portion or payment within 60 days at the maximum.
Reliable Payment Collection. The most rewarding business partnership a therapist could have is with those physical therapy billing companies who have a track record of at least 95% prompt bill collection.
Patient Preservation. These physical therapy billing companies should have accommodating and helpful staff that would not disappoint or turn off physical therapy patients. This is for the sake of repeat service or maintained clientele.
The aforementioned points are crucial for therapists in order for them to get the most out of their professional endeavors. Hiring one of the many physical therapy billing companies should help them advance their career, and not limit their payment collections.