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Modern Billing Practices to Optimize Physiotherapists’ Practice Revenue
Complete documentation of patients’ demographic & medical, and procedure data to ensure proper physiotherapy billing. Seamless claim submission to paying authorities for driving quick reimbursements into your accounts.
Marklab’s billing team understands the time-consuming physiotherapy sessions lay off your attention from billing. Hence, we offer exclusive services like practice credentialing with paying authorities to prevent financial loss. Moreover, we help with practice transcription in compliance with HIPAA and medical coding according to updated musculoskeletal coding sets from CPT.
Moreover, our professionals help you streamline revenue and increase profits through complete RCM. We verify patients’ insurance to determine covered therapies and fill claims accordingly. Further, we scrub all claims before submissions to ensure compliance with regulatory requirements. Further, we record all in-process and encashed claims and provide transparent reports so you can track financial success.
Why Choose Us?
There are multiple physical therapy service providers, but our expertise stands different. Here is why you should choose us
- Experienced & Certified Staff
- 24/7 Assistance
- 20% Revenue Boost
- 1/3 Billing ExpenSE
- Regular Billing Audits
Physical Therapy Billing Plan
Physical therapy billing is detailed and involves certain complications, like time-based billing and MPPR. However, we simplify the process by
- Insurance Verification
- Session's Time Tracking
- Detailed Documentation
- Appropriate Coding
- Quick Billing & Collection
CMS and insurance providers apply MPPR (Multiple Procedure Payment Reduction) which reduces payments for rehab sessions covering multiple services. Our billing specialists check patients’ eligibility to identify uncovered services to prevent this. Moreover, the team keeps patients updated about dues and collects balances timely to streamline revenue.
Frequently Asked Questions
Efficient physical therapy billing is crucial to providing high-quality rehab care. However, physiotherapists have their concerns regarding the process. Below we have answered some questions that they frequently ask. Whether you’re practicing physical therapy individually or affiliated with a hospital, these will effectively clear your confusions. Let’s have a look:
Marklab’s certified professional exclusively helps recover denied claims. They identify and review the reason behind the denial. Afterward, they keenly fix the existing problem and resubmit for payments.
An explanation of benefits is a document that sheds light on details of coverage, payments, adjustments, and patient responsibilities. It helps patients understand how their insurance benefits are applied.
Yes, some insurance providers require a referral from a healthcare professional for physical therapy coverage. However, direct access laws in some states do not require any referral for the medical process.
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