How a Billing Service Can Revolutionize Your Physical Therapy Practice

physical therapy billing service benefits

Billing can be time-consuming and overwhelming. Billing mistakes can cost you more than just lost profit. This is where an all-inclusive, specialized EMR software solution can help. By choosing the right software that‘s built with the ability to handle to specific needs of physical therapists, you get the help where you need it most – Revenue Cycle Management. 

What is Revenue Cycle Management (RCM)?

Revenue Cycle Management (RCM) encompasses the need to identify, collect, and manage revenue from payers based on services provided. It is important to understand the revenue cycle itself. Once you understand this, it is easier to see why you need to manage the process every step of the way. 

The cycle starts with a patient making an appointment and ends with collecting payment. The stages in between are where there can be inaccuracies that lead to missed payments– improper coding, canceled appointments, missing/incorrect information, and more. EMR Software like A2C Medical is used to provide comprehensive revenue cycle management – dedicated billing specialists handling the submission of claims to insurance, ensuring the claims are correct, fixing errors, and getting clinics paid faster. 

Speak to a Specialist

Why is RCM useful for physical therapy practices?

The benefits of RCM for a physical therapy practice can be numerous, but here are a few: 

Financial Viability
A physical therapy practice has ongoing expenses, from payroll to equipment maintenance. Utilize RCM services to keep a steady stream of revenue to ensure you can keep up with your operating expenses.  

Time Management
With RCM your clinic doesn’t have to handle processing – ensuring there’s more time to dedicate to patients. RCM services can handle all of the details such as insufficient information or billing errors that can lead to late or missed payments. 

Customized Plan
RCM helps you put the same consideration into your medical billing practice as you would a patient treatment plan. Billing specialists can help you customize your approach to the entire revenue cycle to improve collections, instead of a “one-size-fits-all” approach. 

Using an all-inclusive EMR software allows you to stay organized – as opposed to trying to integrate into existing software that may be outdated. Items such as documents and reporting work handinhand with Revenue Cycle Management to provide a complete patient record that can be seen by front office staff, practitioners, and other providers when necessary. Have the answers you need at your fingertips with organized, easy to view data to avoid delayed payments.  

Dealing with Insurance
Within a physical therapy practice insurance is widely used, which means dealing with claims. Claim generation can be complicated with every patient having a different list of services to invoiceAfter a rigorous scrubbing and validation process, the A2C Medical software examines checked in visits that are unbilled and classifies them as billable or nonbillable 

A2C Medical EMR and RCM

At A2C Medical, we take a unified approach with our EMR software.  Data is entered once and shared across all modules. Generally, this means that information is collected from the patient and reviewed when they make their appointment. The same data follows them throughout the system and is used for billing, ensuring that no data is incorrect or missing.  Utilizing A2C Medical’s EMR and RCM services means our dedicated billing specialists will identify and track every stage of the Revenue Cycle within the softwareensuring this is the only software you need. 

How can I learn more?

Are you ready to learn how A2C Medical and our dedicated billing specialists can take the burden out of billing for your clinicContact us today to schedule a demo.  


Popular Posts

Per CDC, COVID Long Haulers Could Benefit from Rehab Therapy
Per CDC, COVID Long Haulers Could Benefit from Rehab Therapy

Disclaimer: The content of this article is only up-to-date as of the date it was published. Please consult the CDC for current information on COVID-19.  COVID-19 has forever altered the medical world, and one place we’re now seeing changes is in the physical rehabilitation space. Patients who...

read more
Managing Your Therapy Staff Across Multiple Clinics
Managing Your Therapy Staff Across Multiple Clinics

Maintaining a strong physical therapy team can be difficult sometimes. Not only do you want to offer the best service to your patients, but you want to manage a team that flows together without flaw. Retaining a strong staff across multiple clinics can both alleviate your labor from getting too...

read more
Successful Self-Pay Revenue Generation: An Overview
Successful Self-Pay Revenue Generation: An Overview

Running a physical rehabilitation therapy practice can be incredibly rewarding. Helping people and providing a service that improves the lives of patients is why most people get into this business. Keeping a clinic afloat, however, requires more than just an altruistic passion for serving others....

read more
%d bloggers like this: