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It’s crucial to entrust your revenue cycle to a skilled and highly experienced company specializing in Physical Therapy Billing. Among various medical specialties, Physical Therapy Medical billing can be exceptionally intricate due to the complexity of the associated medical codes. Therefore, having proficient Physical Therapy coders who possess comprehensive knowledge of Physical Therapy terminology, coding, and billing practices is indispensable.
How We Can Help in Physical Therapy Billing Services
With extensive years in the field, ProcareMedex Billing boasts a wealth of experience in delivering top-notch billing services for Physical Therapy. Our adept team of Emergency Physical Therapy billing specialists ensures precision in both billing and coding processes, securing timely and optimal reimbursements. For a thorough understanding of how we can assist you in attaining the highest possible Medical services reimbursement for Physical Therapy billing, don’t hesitate to reach out to ProcareMedex at 732-952-1990 or via email at [email protected].
Our services encompass a broad spectrum of Physical Therapy Medical billing solutions, including tailored options such as:
Verification of Insurance Eligibility Services
We will verify eligibility to confirm that patients qualify for medical services benefits related to Physical Therapy under their insurance policies. We will also ensure that the patient’s plan includes any necessary referrals or pre-authorization. Following this verification, we will calculate the deductible amount and the patient’s co-payment. Our Medical billing services for Physical Therapy are designed to improve cash flow, facilitate reimbursements, and provide thorough insurance eligibility verification.
Demographics & Charge Entry Services
The primary stage within the billing procedure involves charge entry. This phase establishes the precise payment value for the healthcare institution. It is of utmost importance to employ a skilled team for inputting accurate patient demographic data into the system.
Our team specializing in Urology billing services is proficient in providing meticulous patient demographic and Urology billing charge entry services, ensuring a flawless and error-free process.
Physical Therapy Billing & Analysis
In order to verify the services rendered and allocate the correct cardiac codes, our medical billing team specializing in Physical Therapy carefully reviews various elements within a patient’s record. These elements encompass the physician’s notes, findings from diagnostic tests, reports on medical imaging, and other pertinent references.
Mistakes in inputting codes can lead to persistent denials of claims, inadequate reimbursements, and disruptions in our operational processes. The complexities of medical billing can be compounded by unnecessary challenges linked to claims, adding to the intricacies of managing billing within the realm of complex medical procedures.
AR Follow up Services
Tracking all accounts receivable cases can prove to be a challenging and time-consuming task. In our efforts to minimize accounts receivable days, we are dedicated to actively pursuing unresolved billing claims related to Physical Therapy services. Our team specializing in managing Physical Therapy billing receivables is committed to promptly addressing denied or underpaid claims, initiating appeals without delay, and ensuring these claims are efficiently processed and reimbursed according to schedule.
Physical Therapy billing Services Collection & Denial Analysis
The medical billing unit for Physical Therapy examines multiple documents in a patient’s record, including physician transcriptions, imaging findings, diagnostic test results, and other references. This is done to validate the procedures conducted and apply the correct Radiology Codes.
In cases where a claim is rejected due to insufficient information, any gaps are promptly addressed. Our team of skilled Physical Therapy billing professionals and analysts are available to aid you in monitoring claim denials, investigating the causes behind these denials, and working to minimize their occurrence.
Posting Payments
When it pertains to identifying payer issues, the initial line of defense is payment posting. Instances like denials due to medical necessity, services not covered, or prior authorization are flagged and directed to the suitable team members within the Physical Therapy billing RCM (Revenue Cycle Management) department.
We meticulously assess ERAs (Electronic Remittance Advice) and scanned EOBs (Explanation of Benefits) to verify the accuracy of payment details. Subsequently, this information is accurately integrated into the patient accounts for proper record-keeping.
Providers Credentialing Services
Credentialing of providers is a crucial phase within the revenue cycle, as it solidifies the connection between a physician or healthcare provider and payers. This process enables patients to utilize their insurance cards for payment when receiving Physical Therapy treatments, all the while enabling the healthcare provider to receive proper reimbursement for the medical services they provide.
Through the establishment of ERA setups, our Radiology billing team achieves a range of benefits, including increased referral generation, reduced revenue loss, minimized denial rates, and the identification of trends pertaining to healthcare providers.
Physical Therapy Billing Software ProcareMedex Medical Billing Supports
Billing software is an essential component of the revenue cycle management process. The tasks of billing and other administrative procedures are often time-consuming and paper-intensive. For tasks such as coding, filing, and tracking claims, contemporary billing software solutions tailored to Physical Therapy offer optimal efficiency to billers.
Our team possesses a wealth of expertise in utilizing a variety of tools and technologies for Physical Therapy billing, as well as other specialized areas. We are well-versed in handling a wide range of major medical billing software, including but not limited to Practicefusion, Allscripts, CureMD, CollaborateMD, Medisoft, Medical Manager, Docutap-Experity, eClinicalWorks, NextGen, Advanced MD, Kareo, Gorev, and Elligence, among others.
Why Choose ProcareMedex for Physical Therapy Billing Services
• Our range of Physical Therapy Medical Billing Solutions is designed to cater to the unique needs of your healthcare organization. ProcareMedex Medical Billing boasts extensive experience collaborating with both short-term and long-term care facilities. This includes everything from single-location hospitals to expansive healthcare systems encompassing multiple locations and specialized programs. By opting for ProcareMedex Medical Billing for your Radiology billing needs, you unlock access to a diverse array of resources. Our commitment to HIPAA compliance in Radiology billing, coupled with cutting-edge tools and technology, solidifies us as the ideal choice for your medical billing and coding partnership.
Our team of experts remains at your service 24/7, addressing your inquiries and delivering prompt billing services. We are dedicated to offering cost-effective, customized medical billing and coding services tailored to your requirements.
Key Points That Makes Us Best Medical Billing Company
• Our team ensures a 20% reduction in front-end denials.
• Enhance the accuracy of fees and collections.
• Streamline manual data entry concerns and enhance RCM system efficiency.
• Skillfully handle Out of Network Negotiations.
• Optimize payment posting and refunds adjustment to bolster cash flow.
• Enjoy the benefits of a dedicated account manager catering to all your requirements.
• Consistently elevate collection ratios by expediting account receivables.
• Deliver impeccable cardiology billing and collection services with a focus on quality and precision.
• Efficiently process and promptly follow up on all tasks.
• Access easily scalable services at all times.
• Employ cutting-edge technology and tools.
• Don’t miss out! Schedule an appointment now and leverage the opportunity to collaborate with our specialized Physical Therapy billing experts. Discover how we can maximize reimbursement for your cardiac services.