PT and Chiropractic Billing Information
Hello,
One of the hardest areas to get under control when you are starting up your own practice is credentialing and billing .... getting paid for your services is never guaranteed. Even if you have been in business for years, credentialing, re-credentialing and billing issues can cripple your practice these days. Have you received your re-credentialing notice from Medicare yet? If you have, please make sure you return it promptly. If you have not, keep an eye out for it. Failure to correctly complete the forms and return them by the deadline means you will not get paid by Medicare until you do. Several practices have been suspended for not returning the forms correctly and have not been paid by Medicare for up to 60 days while they try to jump through all the hoops to get re-credentialed.
Have you been spending too much time trying to figure out the status of the latest Medicare payment schedule and physical therapy caps? Have your payments been impacted by the inaction of Congress the past two years as they try to fix their past mistakes? Are you aware of the new proposals to move to a fixed fee for therapy services? Yes, it is getting harder to start your own practice and even harder trying to keep your practice financially secure as the rules keep changing constantly with little rhyme or reason.
PT Billing Services offers medical billing, credentialing, and consulting services to physical therapy and chiropractic practices. We are not just a medical billing service, we are a practice management service. We regularly attend MGMA and APTA meetings to stay on top of the changes being made in the physical therapy and chiropractic areas. With over 15 years experience in billing for physical therapy and chiropractic practices, we have the experience and knowledge to make sure you are properly paid for your services.
For more information, contact Carolyn at PT Billing Services. We look forward to hearing from you!
PT Billing Services
http://www.ptbillingservices.com
Re: PT and Chiropractic Billing Information
I also truly believe, as it gets more and more difficult to be paid through the usual channels, that physiotherapists may need to take a new focus and become more marketable to people paying out of pocket...
That may involve a new perspective and approach. Many uninsured health professionals are successful with this strategy. How? That is well worth researching.
Re: PT and Chiropractic Billing Information
Very true! With the new Accountable Care Organizations (ACO) starting up, it will be more difficult to be paid through the usual channels. I attended an APTA seminar recently on Billing and Coding where they presented the "new" payment schemes that are being proposed and it seems everything is moving towards a payment per session or payment per patient to control costs. The next few years will be very interesting.
Re: PT and Chiropractic Billing Information
Hi Guys,
forgive my ignorance, but are you are primarily being paid via the government? Or is it via private healthcare?
i.e. how do things work over there?
BB.
Re: PT and Chiropractic Billing Information
Quote:
Originally Posted by
bluebear
Hi Guys,
forgive my ignorance, but are you are primarily being paid via the government? Or is it via private healthcare?
i.e. how do things work over there?
BB.
It really ranges. We have some government funded for clinic for only those under 16 and over 65 who have stayed in a hospital a certain length of time due to the injury. Hospitals tend to be government, insurance funded...I'm learning more about that presently. Some services are out of pocket, I believe.
In ortho clinics, most are not government funded at all in any way. You have out of pocket, full or partial insurance coverage, with MVAs being billed very specifically. And then there's Workmans' Compensation claims, which are again billed very specifically. Approval is required for treatment...
---------- Post added at 06:29 PM ---------- Previous post was at 06:28 PM ----------
Not sure how the USA differs exactly.
Re: PT and Chiropractic Billing Information
Hi,
I came across your profile while browsing to check on how private PT clinics are set up in Canada. I am new here and would like to have any further information on regulations on setting up a private clinic, if you can provide me with any info or direct me that would be of immense help to me.
Thanks in advance.
Mercy
Quote:
Originally Posted by
violablue
It really ranges. We have some government funded for clinic for only those under 16 and over 65 who have stayed in a hospital a certain length of time due to the injury. Hospitals tend to be government, insurance funded...I'm learning more about that presently. Some services are out of pocket, I believe.
In ortho clinics, most are not government funded at all in any way. You have out of pocket, full or partial insurance coverage, with MVAs being billed very specifically. And then there's Workmans' Compensation claims, which are again billed very specifically. Approval is required for treatment...
---------- Post added at 06:29 PM ---------- Previous post was at 06:28 PM ----------
Not sure how the USA differs exactly.