Physical Therapy And Sports Medicine Center latest 2023

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What’s the Return on Investment (ROI) on a Physical Therapy EMR Anyway?

If you are a physiotherapist, occupational therapist or speech-language pathologist who runs your own private practice and are considering a physiotherapy EMR, you can really see the return on investment that an EMR can generate for your private practice. They are easy to find online under the Physical Therapy ROI Calculator.

What makes one DME different from another?

There are many physiotherapy EMR options available in the market. Choosing the right solution for your practice doesn’t have to be a daunting task. When researching, it’s important to always stay focused on the needs of your practice, not the software. By using an online ROI calculator and simply entering numbers such as your average monthly visits, average net revenue per visit, annual revenue, number of unpaid claims, billing cost per claim, percentage of appointment reminders successfully reaching your customers and the number of no-shows and cancellations in the calculator can really help you see the potential benefits of going from paper to electronic. In fact, electronic medical records are fast becoming the wave of the near future. In most cases, switching to a physiotherapy EMR produces positive results.

Improve revenue

Physiotherapy software improves revenue and collections by allowing providers to instantly submit claims and receive real-time status updates through two-way clearinghouse integration. There are physical therapy EMR systems that automatically capture every billable treatment directly from the PT’s documentation, so therapists always have support for a denied claim, should one arise. With this automated process, companies have increased their fees by 10-20%. The therapy practice solution can also alert you when a patient is approaching their allowed treatment limit and display a patient’s baseline status before each visit. All of these functions of an EMR can contribute significantly to improving your practice’s revenue.

Reduce no-shows and cancellations

With private practice firms currently seeing an average of 12-18% no-shows and cancellations per year, appointment system reminders are emerging as a way to reduce or eliminate them all together. Your current automated reminder system could cost up to $0.25/reminder. Manual calls take staff time and are also costly. There are physiotherapy scheduling software that can automatically send reminders by text, phone or email to patients and are included at no additional cost. Be sure to opt for a software solution that offers automated reminders at no cost – there really is such a thing.

Keep your referring doctors happy

Physical therapy EMR systems can also help keep your referring physicians happy. Many EMR solutions are designed to strengthen relationships with referring physicians and ultimately help grow your practice. The advantage of some practice management solutions are the instant one-page care plan summary reports that provide referring physicians with information about their patient’s treatment, which is usually sent by fax or via an online portal. secure – all before the patient even leaves the office.

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