Discover the Best Physiotherapy Bill Format for Research and Development

Physiotherapy bill format for Research and Development

I've yet to meet a physical therapist who has gotten the adequate extensive training and knowledge on how to do physical therapy billing from PT school so since this isn't what you went to school for this isn't what you're an expert in why don't you Outsource that to The Experts [Music] hey everybody welcome back to another one of our three-part series or series I should say some are five some are four this is a three-part series on billing I know this has been a real situation for a lot of people lately trying to really economize and figure out ways that they can create greater levels of profitability efficiency and production for many many practices uh the message that we've been trying to send out is it is time for a paradigm shift if you're of that camp and you understand we cannot practice like it's 1985 anymore 1995 or even 2005 you probably have come to the conclusion that it's time to actually change the entire operating basis if you want to succeed in physical therapy Private Practice A lot of people are trying watered-down versions of a private practice bricks and mortar operation they're doing cash-based Services they're doing mobile PT Services they're operating out of a gym you know real risk-averse low-scale kind of operations that are independent which are fine which are great and I'm not saying that in a derogatory way but in no way shape or form compares to a 2000 2500 square foot Space 3 000 square foot space which is not really my favorite I really like to see you down around that 1500 to 2500 square foot space where you've got five six eight people working for you and you are actually running an organization running a team of people leading them in the direction of your ideal scene and creating a company culture where they're winning both personally and professionally along with you by being enhanced and actually gaining more skills knowledges and ability as a result of working in your practice if you've created that then you've created an organization because by definition anytime you have three people or more assembled for a common purpose or common goal striving all for that common purpose and goal you have an organization because it's the individuals who win as a result of the group winning first that's the way it works that's the way companies work now if it's you and an office manager and a mobile PT practice are you an office manager doing cash based practice you've created a nice six figure income for yourself but it's going to cap right out it's going to tap right out right there it's highly unlikely you're going to assemble five or six other people that are going to demand that same level of of reimbursement and volume of care and degree of satisfaction because it's going to be a bunch of individual um contractors if you will or individual people not necessarily working as a group trying to achieve that common purpose and common goal so some of you may disagree please put comments below let me know how it's going I do know of several cash-based practices and I don't mean to be picking on them or isolating them that are really thriving and they have multiple people working them but that's just not the norm it's not the majority that's like the one-offs the majority of people who actually create a hybrid practice or an insurance-based practice are literally working and thriving as an entity as a group as a common denominator of people striving for that company culture and that patient care experience and that market brand and you know really trying to create something that is second to nothing else in doing that I'm proclaiming we don't think outside inside the box I'm proclaiming we throw out the box I think it's time to completely change how Physical Therapy has been operating I believe the best way forward is to economize on all of your administrative functions so part one of the series is should I have in-house billing or should I have outsourced billing I'm always going to suggest that you have outsourced billing now some of you maybe say that well Brian of course you're going to say that you have Meg billing solutions you do billing for hundreds of clients well yes but I'm not on my YouTube videos giving you this education knowledge tips and suggestions trying to make more money that is not my goal or intentions that is not my purpose my purpose here in talking to you right now is to help you think through what is going to operate oh let me rephrase that think through what is going to work best in your operations for you to meet your goals as an individual I've yet to meet a physical therapist who has gotten the adequate extensive training and knowledge on how to do physical therapy billing from PT school so since this isn't what you went to school for this isn't what you're an expert in why don't you Outsource that to The Experts it's data entry everybody it's literally data entry let them do the data entry complex data entry let them handle the rules regulations the nonsense oh I didn't get this I got that I denied it for this stupid reason that stupid reason you didn't have this code that code don't tie yourself up with that put your mental attention units on building your practice building a company culture that's second to none that the best and brightest want to work at enhancing your patient care experience that's physical therapy that's what you went to school for greater outcomes greater Quality Care better proficiency which is efficiency and productivity within and amongst your staff that is your job as the CEO is lead people to the vision where they're going to work at your place of business forever because there's never a better place to be if you get caught up and having to manage an in-house billing department you're splitting your attention now to getting paid and appeals denials rejections you know what form this what form that why did they pay this why they overpay This Not overpay That did we do something wrong with our with our codes or our modifiers what are we doing right honestly that is just gonna take you all away from The Core Essence of your business which is actually treating patients and getting them to live their lives with Optimum Health if you're going to ignore that and you're going to do in-house billing anyways please reach out to us in this case I do have a program a billing program where I break down the pros and cons good Bad and the Ugly on in-house billing pros and cons good bad and ugly on Outsourcing learn from that I talk about EMR systems I talk about the different chairs in the billing department the EOB officer billing officer ACO con control officer I go into all those details those specific statistics that should you should be using to manage them but listen if you're doing that you're going to have to dovetail those actions those three chairs with your two chairs in the front patient registration Insurance verification then you've got collections on the back then you have your clinicians who have to fill out the appropriate forms and then you got your insurance verification officer verification authorizations reauthorizations you see where I'm going with that you see the complexity in the web that goes into that look if you go to a hair salon today I can tell you the only people in the salon are the beauticians or the one that are doing your hair the ones that are actually going to touch you you went in 15 years ago there was a receptionist or was somebody who made schedule or somebody swept the floor there's somebody who cleaned the windows and mirrors and then somebody cut your hair all gone all gone that's not happening you go to massage place there's nobody at the front desk scheduling people anymore just the massage therapist same thing for physical therapy if we're gonna handle that four percent cut that's coming in 2023 we're gonna handle the reduction that we already took took it on the chin with the ptas you've got to pay for what you use which is the benefit of Outsourcing no vacation no sick no holiday no printers no cartridges no stamps no envelopes all of that goes away all that goes away with Outsource billing so I'm always going to slant towards Outsource billing let the experts do it pay a percent of what comes in you're paying for what you use you're not paying someone's 401K retirement vacation sick and holiday all of that's gone so I hope you like this video I hope that gets you thinking honestly it's going to benefit you great if you did that we take on five to six clients every single month we have a whole rollout process it is not hard it is not going to set you back you are not going to lose money in the process we do it every single month we have it all hardwired up if you want a billing assessment where we'll look at your in-house billing see what what's going if it's good or bad or even if you should leave or not leave we will do those for free for you so that's it for this week's video I hope that was helpful educational knowledgeable I hope it gives you gives you food for thought Above All Else think about what the initials are after your name and focus your time energy and effort on building that you're a physical therapist build a physical therapy practice