Importance of Prior Authorization Support in Physical Therapy
- November 14, 2016
- Posted by: Thomas Anderson
- Category: Prior Authorization
Easing your billing and insurance challenges to deliver high-class solutions in physical therapy is a pain area that has to be addressed on priority! PT billing is all about focusing on building a practice that uses modern technology with a clear business strategy. An integrated world of insurance, practice administration, patient records and statements with robust processes and software is ideal.
A clear-cut roadmap with prior authorization will be instrumental in physical therapy billing. Employing the right checks and balances will help a practice improve financial viability. Constant evolution of disruptive technologies has to find a strong presence in medical claims.
Outsourcing of Pre-Certification Services
Involving process automation also needs the intervention of resources that can manage workflows with expert understanding of payer processes. While
looking for a partner that will provide pre-certification assistance, experience should be a top consideration! During medical billing, a vendor using dynamic processes facilitating faster movement of data will always provide an upper hand!
- Implementing a quality-check that tests existing denial management will reduce billing costs in-house. Better standards are required that helps in anticipating the outcome of an account.
- Every year, enormous amount of time and money worth $70 billion are spent on prior approvals. Rejections on first time approval requests are huge asking providers look for effective solution providers.
Submission of prior authorization electronically accelerates the process reducing TAT simultaneously. A dedicated team of billers providing their strong analytical interception helps in improving eligibility verification and management methods.
Powerful Revenue Cycle Management Solutions
You need to develop a strategy helping you focus better on patients as a therapist! A partner believing in their billing solutions will help you better your core competency of providing quality care. Setting the benchmark with a consistent prior approval process will reduce your AR days. To conclude, by partnering with the right RCM Company providing personalized solutions, sets the tone for business excellence.