Caters to Physical Therapy Payment Issues through Expert Billing Services
Physical therapy Services have often faced issues while billing for medical reimbursement due to their inherently complex nature as also because they cannot be billed for reimbursement unless medically deemed necessary, making physicians wary of undertaking certain physiotherapy services.Moreover, healthcare providers’ intention to stringently scrutinize the patients’ eligibility for medical reimbursement does not fully translate into action because of their preoccupation with patient care and other core services.
MBC has established expert billing services in Physical therapy
Medicalbillersandcoders.com has actively fulfilled healthcare providers’ Physical therapy billing services needs for years by providing hundreds of qualified medical billers across the US and offering a streamlined system for efficient claim submission and realization. The largest consortium of billers and coders across the US states and specialties, MBC medical billers and coders are synonymous with accuracy, knowledge of latest healthcare regulations and compliances, as well as exposure to diverse healthcare software.
The changing face of Physical therapy reimbursement
The recent changes introduced in the Medicare fee schedule for Physical therapy services payment include the multiple procedure payment reduction which will have the effect of lowering the reimbursement amount by $2.48 for a half hour session. Healthcare industry experts also indicate a possible further scrutiny of the physician self-referral for Medicare and Medicaid patients which could also impact reimbursement rates for physician-owned physical therapy clinics. Once Medicare starts this decrease in provider reimbursement for Physical Therapy services, other insurance companies will follow suit. On top of that, the trend of decreasing third party payments with increasing co-pays is leading the Physical therapy billing into unfamiliar ground.
However, along with these potential reimbursement issues, the demand for Physical therapy services is likely to grow in the coming times as physiotherapists encourage preventive care as well as fitness and wellness strategies, and also emphasize the significance of pro-active intervention to minimize damage, both in terms of expenditure as well as body functions.
How can Medicalbillersandcoders.com support Physical therapy reimbursement?
The Physical therapists are caught in a bind as they bear the brunt of cuts in provider reimbursement and still try to manage the balancing act of handling ever growing documentation, catering to reimbursement regulations of various payers (which can often be contradictory as well as change arbitrarily), and incorporating the upcoming health care compliances. Add to this the inevitability of growing patient volume to make up for the loss in income as well as to cater to the baby boomers’ generation, and one can see why outsourcing the billing and affiliated services becomes such an attractive and sensible option for Physical therapists.
In this scenario, Medicalbillersandcoders.com can extend its billing as well as other revenue-related consultancy services to assist you in coping with the dynamically changing health care industry. Our experts can provide HIPAA compliant reporting, with appropriate CPT codes for diverse specialty-specific Physical therapy services to efficiently realize your claims with leading private insurance carriers as well as Medicare and Medicaid. And with a pro-active outlook to ICD-10 and HIPAA 5010 transition, our Physical Therapy billing experts promise to be a forward-looking integrated solution for operational efficiency and revenue maximization.
- Posted in: Medical