EMR News Releases New Data on Physical Therapy Billing to Explain the Importance of Revenue Cycle Management Software

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Revenue cycle management software can be a critical component of physical therapy management and allows the entire physical therapy billing process to become streamlined and profitable. Nitin Chhoda’s website called emrnews.com releases new article to explain the importance of revenue cycle management in a private practice setting.

physical therapy billing

With a fully integrated and mobile EMR, the practice can reduce the entry of patient information to a single occurrence, and it will happen when the patient picks up the tablet computer and enters their information.

Healthcare organizations will need to be more effective, cost efficient and productive in the future not only to survive, but also to maintain positive cash flows. Revenue cycle management is the process that manages claims processing, payment and revenue generation. It entails using technology to keep track of the claims process at every point of its life, so the healthcare provider doing the billing can follow the process and address any issues, allowing for a steady stream of revenue.

Time management and efficiency play large elements in revenue cycle management, and a physician’s or hospital’s choice of an EMR can be largely centered on how their revenue cycle management is implemented. Some of the processes handled with this physical therapy software include:

  •     Streamlined scheduling that allows the office to verify patient’s coverage and benefits before the visit.
  •     Faster payments through the check in/out process via patient and medical insurers
  •     Enhanced compliance with up to date standards so that practice stays current with HIPAA rules, regulatory compliance, and implementation deadlines. Updated information is automatically downloaded and is free.

“Managing the revenue cycle will bring more visibility, make compliance simpler, and make the physical therapy billing team more productive,” Nitin Chhoda, an international private practice marketing expert, said.

There is a lot of good news in the EMR world these days. New physical therapy EMRs provide revenue cycle management solutions that are very successful at improving efficiency. With a fully integrated and mobile EMR, the practice can reduce the entry of patient information to a single occurrence, and it will happen when the patient picks up the tablet computer and enters their information.

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, deliver better quality of care and boost patient retention.

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