Sometimes in the business of physical therapy billing, there is just no easy way to get it done. Physical therapy billing codes are not exactly child’s play and sometimes someone who has the proper aptitude with the mechanics of the human body might not have the aptitude to work a bunch of coding to perfection. Sometimes you simply have to contract this sort of work out to someone who knows what they are doing and will ensure your success when it comes to the proper billing of patients.
Experts with physical therapy billing software will usually insist upon a percentage of the collected revenue from the patients you see as well as the money posted to your account. This payment translates to both the insurance and patient payments. While you’ll never know until you are working with the particular company what the percentage is, make sure you shop around to get the best and most competitive rates for your dollar. Check their histories with physical therapy billing codes and make sure they are reputable in their field.
A contracting company will usually have access to multiple types of software to serve your physical therapy billing needs. The multitudes of software will most likely be catered to the needs of the clients they are serving. The use of this software will be included in the fees that the company charges you. Many companies will even offer you other services like scheduling, documentation and reporting modules for patients.
If you are currently using your own software and have just become overwhelmed with the work and want to transfer some of this responsibility, a good physical therapy billing company will be able to help you by converting the information you have into something they can work with. Their knowledge of physical therapy billing codes helps facilitate this switch. All of the data you’ve already collected can be easily switched via scanner or fax. This information is then kept safe and is easily accessible by you or the company you are working with.
A good company will be able to give you contractual statements of the expediency in their filing of claims. A typical contract will state the company will file any claim within 48 hours, though some may in reality be able to file these claims in less than 24 hours. Any information they need they will ask for it when claims are filed. The claims are submitted to the corresponding insurance companies or patients through electronic means or paper means. Payments sent electronically are sent directly to the client’s bank account. Having the proper knowledge of physical therapy billing codes makes these payments quick and easy. The physical therapy billing software used ensures that all of the coding is properly scribed into the database. Errors can make it so you don’t receive your payments on time and in turn the company will not receive its contracted payments on time either. This proper symbiosis of companies is vital to the survival of both and both rely on proper physical therapy billing codes.