What Does Collection Ratio Tell You?
“Big numbers are pretty, but not if they’re not real.” -Dr. Kelly What Does Collection Ratio Tell You? For physical therapists and chiropractors, collection ratio is an important metric for determining prosperity of your practice. In today’s inflation environment, it’s more important than ever! Patients are paying more for care, and insurance companies are looking […]
Avoid These 5 Common Insurance Billing Mistakes
Avoid These 5 Common Coding and Billing Mistakes At the core of your practice’s success is financials. While having the best team possible and establishing yourself as a leading provider in your community are important, ultimately business comes down to one question. Are you making money or losing money? Unfortunately, 4 out of 5 medical bills (a […]
BIG CHANGES IN CODING IN 2021
2021 is right around the corner, along with some big changes in Evaluation & Management coding (please hold your applause until the end). The primary purpose of these changes is to simplify and remove unnecessary documentation, allowing practitioners to focus more of their time and attention on patient care. Secondly, our goal is to remove […]