Physical therapists are driven by their desire to help others – it’s what got you into this business, and it’s what motivates you to power through those long and often busy days. The more time you get to spend with your clients, the more effective you can be at treating their injuries and helping them thrive in life.
The problem most physical therapists run into is that they don’t get to spend enough time with their clients. In fact, they spend the majority of their time, energy, and resources on managing their practice – filling out paperwork, processing payments, configuring medical codes, and resolving denied claims.
We get it – these are things that need to be done if you want your practice to survive. Unfortunately, it’s taking you away from what matters most – your clients. This is the catch-22 most physical therapists find themselves in, but don’t worry – we’ve helped others overcome it, and we can do the same for you, too!
Medical Billing: Are These Common Challenges Bringing You Down?
Starting a physical therapy practice isn’t easy. The first few months (and even years) are spent trying to limit overhead, which often means doing a lot of the administrative work yourself. While this makes sense at first, it’s not a sustainable way to run your business, and the consequences will quickly catch up to you.
Claims getting rejected or denied due to small, sometimes unclear errors. Regulatory standards and rules constantly changing. Claims taking too long to process. Bills pile up, while reimbursements dissipate – resulting in cash flow problems that put your physical therapy practice at risk. Billing can be a cruel place!
So, what can you do about it? Well, you’re often left with four options:
- You can hire an in-house team, but it takes a lot of time, energy, effort, money, and resources to hire, onboard, and train them.
- You can hire freelancers, but they’re often unreliable and don’t always take their work seriously – resulting in frequent errors.
- You can automate the process with software, but custom software is a huge investment most PTs don’t have the budget for.
- You can hire a medical billing company, but most companies only chase larger claims and often leave smaller claims to rot.
At Millenium Medical Billing, our clients can rest easy knowing that we’re chasing all claims – no matter how big or small they are. Unlike other medical billing companies, we’re commission-based and only get paid for what we recover – not chasing small claims hurts us just as much as it hurts your practice!
From Problems to Profits: Restoring Your Billing Culture With Millenium
As a physical therapist, clients rely on you to get them back on their feet after an injury, illness, or surgery. But while your healing hands and miraculous mind work their magic, your business could be limping along on a bum knee. Much like the body needs a little rehabilitation from time to time, your practice does, too!
Enter Millenium Medical Billing.
Here are some of the things we can do to help take some of that weight off your shoulders:
- Verifying demographic and insurance information for each patient
- Properly documenting the services provided and reasons why those services were used
- Using the right medical codes to reduce the number of denials and rejections
- Submitting claims and monitoring their progress to ensure on-time payments
- Processing reimbursements and posting payments
- Managing denials and initiating the appeal process
- Billing patients, managing collections, and reducing accounts receivables
Your physical therapy practice means a lot to you – it means a lot to us, too! We want to see you and your team succeed and are excited to work with each and every one of our clients – the satisfaction we get from your success is the same satisfaction you get when you see one of your clients overcome an injury.
ICD Codes, CPT Codes, Modifiers – We Understand Your Practice’s Love Language
Medical billing is an intricate and complex process that requires a deep understanding of the regulations, rules, codes, and descriptors that come with it. Not only that, but you need to take the time, energy, and effort to stay updated on all the changes being made to those rules and regulations year-in and year-out.
With Millenium Medical Billing by your side, all of that is taken care of. Not only is our team proficient in ICD-9/10, CPT, and HCPCS codes, but we stay up-to-date on all the newest guidelines offered by the Centers for Medicare and Medicaid Services (CMS) and the American Medical Association (AMA).
We understand your financial success is in our hands. We know how important on-time payments and reimbursements are to your company. By speaking your language and putting ourselves in your shoes, we can help you establish yourself as a leader in your industry – something your clients will appreciate!
Stretching the Financial Boundaries of Your Practice With Millenium Medical Billing
Are your claims getting denied or rejected at an alarming rate? Does it take forever to get reimbursed for the services you provide? Do you feel like your physical therapy practice is leaving a lot of money on the table? If you answered ‘yes’ to any of those questions, don’t panic – Millenium is here to save the day!
At Millenium Medical Billing, we take the time to understand the problems your physical therapy practice is experiencing – that way, we can customize our services to meet your unique and specific billing needs. This is just one of the ways we’re working around the clock to ensure your practice continues to thrive.
You’ve got enough weight on your barbell – let us take some of that weight off so you can turn your attention to helping your clients recover. With more than 15 years of experience in the industry, our team is ready to extend our knowledge to you and your practice – let the billing rehabilitation commence!