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SOURCE: EMR News
Financial stability is important to maintain any business but when associated with physical therapy, especially with an ongoing term of treatment, billing procedures can become time consuming and difficult. Nitin Chhoda, a physical therapy marketing expert, releases new information in his website to easily monitor documentation and billing in a physical therapy business setting.
Denville, NJ (PRWEB) March 08, 2013
Revenue cycle management software is available for physical therapy offices to aid in physical therapy billing procedures. Patient information is constructed and organized into one file, much like a traditional patient file, called an electronic medical record or EMR.
Nitin Chhoda, a licensed physical therapist, says that the process begins in the office as soon as the patient makes a phone call to book their first appointment and ends when a patient leaves with a zero balance. When a patient first comes in, pages of paperwork are filled out about contact information, medical history, insurance providers and more. With physical therapy billing software, this process is simplified into an electronic format for offices to become more organize and patients to save time in filling out paperwork.
When physical therapy offices submit bills to a claim, reimbursement denials can be reduced dramatically through electronic billing since different coding and submission capabilities are used with the software. The estimated cost is $25 per rejected claim, which can add up in any practice.
“The physical therapy billing software not only helps with patient intake information, but also can be used to track claims, file disputes and provide detail information if denied. These insurance claims can be grouped together as well for better efficiency and can be automated to save time,” Chhoda added.
EMRs are more convenient for offices and patients since their information is in one distinct place and less likely to be destroyed. EMRs contain patient progress in physical therapy documentation software as well as billing information that can speed up the billing process so physical therapists are paid for their services in a timely manner.
According to Chhoda, whether a physical therapy practice is looking to simplify the billing process or just to have a better way to manage denied claims, physical therapy billing software could be the right choice.
Chhoda’s office can be reached by phone at 201-535-4475. For more information, visit the website at http://www.emrnews.com.
ABOUT NITIN CHHODA
Nitin Chhoda PT, DPT is a licensed physical therapist, a certified strength and conditioning specialist and an entrepreneur. He is the author of "Physical Therapy Marketing For The New Economy" and “Marketing for Physical Therapy Clinics” and is a prolific speaker, writer and creator of products and systems to streamline medical billing and coding, electronic medical records, health care practice management and marketing to increase referrals. He has been featured in numerous industry magazines, major radio and broadcast media, and is the founder of Referral Ignition training systems and the annual Private Practice Summit. Chhoda speaks extensively throughout the U.S., Canada and Asia. He is also the creator of the Therapy Newsletter and Clinical Contact, both web-based services to help private practices improve communication with patients, delivery better quality of care and boost patient retention.
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