Denville, NJ (PRWEB) October 22, 2013
“Just because you have a medical coding specialist doesn’t mean you don’t need to know the abbreviations that are standard in the industry,” said Chhoda. “Those acronyms represent specific terms that will affect your reimbursements, cash flow and patient treatments.”
Most of the abbreviations within the healthcare industry are insurance specific. Chhoda noted that it’s essential for therapists to familiarize themselves with the specialized jargon utilized by insurance companies to ensure proper payment for services. Limitations on services, fewer covered benefits, and monetary caps all affect reimbursements. Knowing what the acronyms mean will assist clinicians in obtaining the highest level of revenues.
Above list of acronyms which every clinician should know takes into account new laws, EMR physical therapy software technology and the extensive array of insurers and organizations with which practitioners will interact in their practice. A practice owner’s income and the treatment provided to clients will be determined by insurance companies and being cognizant of the listed acronyms will help therapists ensure they receive the reimbursements to which they’re entitled.
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.