Medical billing is really a central pillar of any health care practice. It is considered as one of the most important aspects of running a successful practice. With the right team and proper knowledge and process of medical billing, it can increase revenue and profitability. However, If done improperly without using best practices, it […]
Medical Coding or Medical Billing — sometimes, these two terms are mixed or interpreted as one, but in reality, they are two completely different tasks.
A medical clinic won’t be complete without the medical billers. If compared to a machinery, they serve as oil to keep the operations going. Their main task is to ensure billing is done properly and all the medical codes are precise and accurate to ensure their patients are reimbursed properly. However, managing the medical bills […]
Nobody wants denied claims. It adds up more of your time and resources to sort everything out and most importantly, slows down your cash flow. One or two erroneous claims maybe few for now but these may add up pretty quickly — and before you know it, a large issue has surfaced, and that issue […]
You’re losing lots of money on your practice and you don’t even know it.
How could you not be aware of thousands of dollars being lost, you say? Surely that kind of money can’t just disappear without you knowing.
The answer: bad habits. Bad coding and billing habits to be exact. A lot of physical therapists fall victim to these habits without their knowledge, and it’s not totally their fault. Most of them have been misinformed or got used to a certain system that they didn’t know has long been outdated.
It’s time to break those bad habits and get your practice the profits it deserves!
Habit 1: Forgetting Assessment and Management Time
There are several components that make up your service time: patient assessment and preparation (Pre-Time), performing the procedure (Intra-Time), and lastly, documentation and discharge (Post-Time). One financially deadly habit that PTs make is forgetting to include all of these components into their assessment and management time.