As far as physical therapy billing and physical therapy practice management go, having a high or low Days A/R and determining whether it is good or bad, depends on your practice. While it is can be a good indicator for your cash flow over time, there are some important considerations to apply when determining the right A/R range for your practice. Technically, Days A/R represents the number of days of revenue that is tied up
Read More...When it comes to physical therapy billing, our clients often ask about offering discounts to patients who pay cash, and writing off or waiving copayments, coinsurance and deductibles. This is a sticky area and even the best of intentions can land you afoul of federal, state and local regulations. We always recommend that you have your legal counsel review your practice policies in these areas to ensure you are in compliance with the myriad of
Read More...I had an interesting experience this week. I met a candidate who was interviewing for an account management position at a local coffee house that is part of a large chain. Account managers are one of the most critical positions in our company – they are our face to our physical therapy billing service clients. They interact daily with our billing service customer’s staff to provide direction, guidance and feedback. They are responsible for building the relationships that
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