Denville, NJ (PRWEB) December 10, 2013
“As of today, most patients do not visit their local insurance provider just to acquire the coverage that they need. Majority of consumers believe that with the growing number of consumers buying insurance, the price of buying one will decline. However, this is not actually true because if the revenues are high, the cost will surely increase as the insurance providers are eager to reap better profits,” said Chhoda.
He noted that healthcare insurance typically covers the laboratory, hospital and even medical providers. But in most instances, the payment will not cover the actual costs based on the practice’ medical coding and billing process.
It is very crucial for practitioners to decide whether they will accept the insurance reimbursements as complete payment deal with extra costs in the collection or simply offer the services. Having a correct integration of physical therapy documentation software greatly assists medical professionals when it comes to the reimbursement process.
According to Chhoda, the physical therapy EMR can greatly help out with several aspects in the overall management of a particular physical therapy clinic. The very first method in which medical practitioners are paid is by the reimbursement claims. The only drawback is that the healthcare providers have to wait for a long time just to be compensated for their services.
Chhoda added that it is a known fact that insurance companies have a team that functions by reducing the reimbursements given to the medical professionals. Clinicians who accept insurance company reimbursements as payment for their services will surely lose money in the long run.
Practitioners can make the reimbursement claims faster and efficient with the use of the physical therapy software. It minimizes, if not totally avoid, limited reimbursement by insurance companies, making the practice earn more revenue.
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.