If you are running a physical therapy practice in Florida, you know the gravity of the responsibilities you signed up for! Patient care is undoubtedly the number one priority! However, session planning, progress tracking, and ultimately PT billing add to your overall tasks. Administrative burden, especially the billing, is where your practice can start to lose money.
With Florida booming in terms of its healthcare landscape, more PT clinics are now entering the market, making it very competitive. So, it is now more important than ever to streamline your revenue cycle, which is being affected by denied claims, poor billing practices, and delayed reimbursements. The good thing is, it can be fixed!
How is In-House PT Billing in Florida Challenging?
Florida is among the US states with the highest number of Medicare beneficiaries in all of the United States. It means PT clinics must strictly abide by the Medicare rules, authorization hassles, therapy caps, and documentation requirements. Well, the hurdle doesn’t end here! Florida also has several private insurers, including those for workers’ compensation and Medicare managed care plans.
Now, having an average PT billing environment won’t help you deal with this complexity. You are just one CPT coding mistake away from getting your claim denied. With hundreds of such mistakes in a month, you will be dealing with serious cash flow trouble.
Therefore, outsourcing to professional physical therapy billing services in Florida is no longer an option, but a necessity.
How do the Billing Errors Affect PT Revenue in Florida?
The physical therapy claims in Florida experience a 5-15% denial rate, depending on the quality of documentation and payer mix. With every denied claim that hasn’t been appealed in time, your revenue takes the blow. Some of the common reasons for PT claims being denied in FL are:
- Issues with prior authorization for specific payers.
- Lack of documentation
- Inaccurate usage of timed or untimed CPT codes and ICD-10 codes.
- Gaps in CMS compliance, specifically for the Medicare patients.
With a dedicated physical therapy billing service in FL, it will be easier to identify & rectify these issues before they lead to claim denials.
Should Florida PT Clinics Outsource Billing or Keep It In-House?
The private PT practices often have this question in mind! The simple answer to it is that the choice depends on your team size, claim denial rate, and patient volume. However, you must know that in-house PT billing teams often miss out on the specialized knowledge required to deal with payer-specific rules.
On the other hand, outsourcing your requirements to specialists like Park Medical Billing will ensure you don’t have to spend money on training your staff or managing software costs. You can focus on dealing with your patients while leaving your billing and insurance reimbursement to experts.
Park Medical Billing can help simplify billing for you! Explore the full suite of medical billing services.
Simplify Your PT Billing in Florida with Park Medical Billing!
Florida physical therapy practices can drive measurable results for their business by switching to professional billing assistance. Irrespective of whether you are an individual PT practitioner or are running a multi-location clinic, your billing approach needs speed, expertise, and precision.
Park Medical Billing is your one-stop hub for all three of them! We have a proven track record and a certified team of professionals to help you with revenue cycle management. We help PT clinics in FL get paid on time and generate a healthy cash flow.
So, are you ready to fix the revenue cycle of your PT practice? Visit Park Medical Billing today and schedule your free consultation.
FAQs
1. How to reduce physical therapy claim denials in FL?
The most crucial steps to reduce physical therapy claim denials in FL are:
- Ensuring all the prior authorizations are secure.
- All the medical necessities are to be documented clearly
- Verifying insurance eligibility.
- Rely on a billing partner for auditing the claims before submission.
Moreover, you can also avail of denial management services by Park Medical Billing to tackle this problem more effectively.
2. How much does it cost to outsource physical therapy billing services in FL?
The average cost of outsourcing PT billing in Florida ranges from 4-8% of the collection amount. It is more like the service provider is paid only when you are paid! This way, you can build a sense of trust with the PT billing company.
3. What to look for while choosing a PT billing company in Florida?
The most important thing to look for in a PT billing company in Florida is specialty-driven experience! Beyond that, you can also check the track record of the company for compliance with HIPAA guidelines, transparent reporting, robust denial management, and other such skills. A reputable and experienced company like Park Medical Billing checks all the boxes!
4. How soon can a PT practice see productive results after switching to a medical billing company?
Most PT practices see results within 60-90 days of switching to professional PT billing services in FL.
5. What does a physical therapy billing service actually do?
Upon outsourcing to a physical therapy billing service, you are allowing specialists to handle your complete revenue cycle for the PT practice. Starting from charge capture and accurate CPT coding (97530, 97140, 97110, etc.) to clean claim submission, denial management, and more, these specialists handle end-to-end PT billing chores.
How Our Clients Feel About Us
(5.0)
We hired Park Medical back in March of this year, and from the moment they came in to do a demo we were impressed. Our last biller did not meet expectations at all, but Chol and Monica came in to meet with us and were both professional and personable. Everything they promised, they have delivered.
Seven months later, we are still very impressed. Sheila, our account manager, has been absolutely exceptional. Their customer service is top tier—they increased our revenue, bill in a timely manner, and answer every question no matter how big or small. They even provide support in ways we didn’t think to ask for.
If you’re looking for a billing company, stop your search here. Park Medical will transform your billing process for the better!
Scott Gander, MSPT, Owner
ProTouch Physical Therapy
(5.0)
Very organized and systemic medical billing company. Rapid respond for any issues and minimalize all billing issues. Highly recommended.
Joseph Park, DPT, Owner
Prime Rehab Center Physical Therapy
(5.0)
My company has had a great experience utilizing Park Medical for our billing service. Their software is easy to use and allows you to drill down to find any information you may be looking for.
I would recommend them if any company is looking for an excellent billing company with great rates.
Albert Tasker, CFO
Eagle Physical Therapy & Rehabilitation
(5.0)
My company has been using Park Medical Billing for approximately 1.5 years and I am very pleased with their services! They are available via phone or email whenever the need arises and are prompt with their posting.
Through their help in submitting claims in a timely manner, we have been able to increase our monthly collection rate. I recommend Park Medical Billing for all your billing needs.
Michelle Tawil, DPT, Owner
Tawil Physical Therapy
(5.0)
We have been with Park Medical billing for 4 years and are very happy. They are easy to get in contact with and will fight for every dollar owed to you in your practice.
Eric Stivers, DPT, Owner
Mile High Physical Therapy PC
(5.0)
Chol and his team (shout out to Kristiana, Monica, and Kristen) have been more accommodating than I can express in our billing transition. He has patiently walked us through the process and been available for our many questions and with full explanations since the beginning.
Everyone in his office is friendly and professional, and more importantly, they mean business about helping our business make money. I am amazed at the detail with which his system is able to parse billing and collections in order to help us get an accurate handle on our facilities’ finances. We feel like we acquired another team member in Park Medical Billing
Chretien Cochran, CEO
Covington Physical Therapy Center
(5.0)
It has been a pleasure working with Chol and his team. They are timely and productive. They work with me to make the process as streamlined as possible.
Joel Giffin, PT, Owner
Flex Physical Therapy
(5.0)
Chol and staff have been nothing short of excellent since they took over our billing services. They process claims quickly, follow up on unpaid claims and use their scrubbing software to ensure that claims are correct and have modifiers if needed so we get paid faster.
Since hiring Park Medical Billing my life has become much less stressful.
Dennis Laccarino, Co-Owner
Bluebell Physical Therapy
(5.0)
Park Medical is everything we were looking for and more in a billing company. They went above and beyond our expectations.
Alex Brito, DPT, Owner
Springfield Physical Therapy
(5.0)
I am the owner of ABC Physical Therapy in Somerville NJ and I hired Park Medical in 2016 because I was having a disaster with the other billing company I had been using since Jan 2014. Since hiring Park Medical I have been able to sleep at night knowing everything is running smoothly now.
They do everything from A to Z and if I ever have a billing problem they always find a way to resolve the issue and get me back on my feet.
ABC Physical Therapy participates with almost all the insurance plans and because of this we are always messed up with authorizations or time lapses in authorizations because the insurance company issues them late to us and with Park Medical they are so SMART that they look at the issue’s then come up with a SOLUTION to fix the problem and get things running smoothly again so I can go back to work without worrying about billing problems.
I HIGHLY recommend this EXCELLENT company because they not only take care of your billing but they come up with SOLUTIONS to make things easier for you so the insurance companies do NOT drive you out of business with there diversionary tactics. I give them 5 stars. 🙂
William Medway, Owner
ABC Physical Therapy
(5.0)
Everyone at Park Medical billing is very friendly, knowledgeable and professional. They know Physical Therapy billing !!! Always able to speak with someone in the office who can take care of any billing questions you might have. Extremely happy with this company and highly recommend.
Matthew Holtzer, DPT, Owner
Holmdel Physical Therapy
(5.0)
As the owner and Clinical Director, I was extremely impressed with the level of commitment to have the staff from PMB not only listen to my concerns and questions, but to promptly and quickly respond and resolve.
The other component of their services, is their desire to share ideas and possibilities to improve my overall revenue. I would recommend the services of PMB and their staff, without ANY RESERVATIONS!!!!
Luis Hinc, Owner/Clinical Director
Fortaleza Rehab
(5.0)
I am writing in reference to Park Medical Billing Company. Early this year, TOPS Physical Therapy and Osteopractics, decided to change from in house billing to a billing company.
We interviewed several companies and made the decision to hire Park Medical Billing. We are very happy that we chose this company. From the beginning, Park Medical Billing Company was very informative, gave a comprehensive presentation, answered many of our questions before we had to ask them.
They are timely, follow through with commitments made and very accessible. We had to communicate quite often during our transition. The line of communication was always professional and never rushed. We are very happy with Park Medical Billing Company and I would definitely recommend them to you.
Teri Brannon, Office Manager
T.O.P.S. Physical Therapy