Building out and creating financial projections is important to your start-up’s business plan.
The Importance of Financial Projections
If you are seeking a loan or other form of financing, financial projections help convince prospective lenders and investors[...]
In this article, we continue our quest to give you a detailed physical and occupational therapy business plan template. To create your business plan template, starting with 8 Crucial Content Areas for Physical Therapy Clinic Business Plans. Then, place [...]
We recently published an article on how to make your documentation defensible. Therapists must also understand what constitutes a medically necessary claim. CMS defines a medically necessary service or supply as:
“needed to prevent, diagnose, or treat an [...]
The healthcare insurance industry today is moving toward value-based payments. Auditing systems are being used to ensure that clinics are strictly following CPT (Current Procedural Terminology) and National Correct Coding Initiative (NCCI) rules. To protect [...]
On January 1st, 2017, the Centers for Medicare and Medicaid Services (CMS) made changes in order to improve its payment for quality programs. It combined several programs into one Merit-based Incentive Payment System (MIPS). We touched on the basics of these [...]
To receive payment from any insurer for occupational or physical therapy services, the documentation must accurately report medically necessary service. It must also support the charges submitted on the claim.
Medicare, however, has some other rules that [...]
Keeping your patients engaged is more important in today’s health environment than it has been in previous decades. High deductibles mean that more patients are paying out-of-pocket expenses. In turn, they want to feel as if they are a decision-maker for [...]