Physical therapy software can be a game changer for your practice. It can help you streamline your billing, reduce the cost of billing by collection staff, reduce “no show” patient appointments and eliminate administrative tasks, freeing up staff time for treatment. Improving patient payments and decreasing accounts receivable turnover will ultimately increase revenue without increasing costs to collect payments. All of this and more can be done through a physical therapy software.
Streamline your billing collections
Billing collections can be a big headache, but it doesn’t have to be. When your patients are already in the habit of paying their bills online and you use electronic billing software, then this makes the process easy and convenient.
As a result, collecting money becomes much less stressful. Asking your clients to pay their invoices on time can also help you avoid late fees and interest charges as well as get paid faster. You might even consider offering discounts if they pay on time or in full upfront.
Reduce cost of billing by collection staff
One of the biggest costs for a PT practice is collecting payments. If you don’t make sure your billing software is configured correctly, you could be leaving money on the table that could be used to pay down debt or improve patient care.
One way to reduce the cost of billing is by using physical therapy software that automates the process. You can save time and ensure compliance with HIPAA regulations while still providing patients with more detailed information than ever before—all while reducing your staff’s workload. Using this kind of feature might mean extra work initially, but it will pay off in spades in terms of reduced workforce requirements and increased revenue over time.
Reduce “no show” patient appointments
You might be surprised to learn that the average no-show rate is 30%. When you consider that this translates into 2 hours of lost time per day by your front desk staff (not to mention your physical therapist), it’s easy to see how losing those hours can add up. If a patient doesn’t show up for an appointment, they are not going to be able to receive their treatment and will have to reschedule at another time. By using PT scheduling software, you can reduce these no-shows by automatically sending reminders about upcoming appointments in advance. This way, patients will know exactly when their appointments are scheduled so there won’t be any confusion on their end—and because they received reminders beforehand, your front desk team won’t have as many calls from patients asking why they didn’t receive notification about their appointment.
Eliminate administrative tasks, free up staff time for treatment
Physical therapy software can be a game changer for your practice. Administrative tasks, such as scheduling appointments and answering phones, are time-consuming for office staff. Automating these processes can free up staff to focus on patient care, which means more patients receive the treatment they need—and sooner.
Improve patient payments, decrease accounts receivable
Chasing payments is a common problem for healthcare providers, and it can have a significant impact on your bottom line. The good news is that by using physical therapy software to manage patient scheduling, you can reduce the amount of non-payments you encounter by improving patient payments and reducing no-show rates.
One of the most significant benefits of using physical therapy software is that it will help you collect payments faster due to better communication between patients and their physicians as well as improved payment procedures essing methods such as electronic billing and credit card payment acceptance (as opposed to check or cash only). This means fewer accounts receivable floating around in your system.
Conclusion
In the end, it’s all about improving your bottom line. By using a physical therapy software solution, you can streamline billing collections, reduce administrative tasks and improve patient payments. These are all important factors that can lead to more cash in your pocket. If sounds like something you might be interested in, then it is time to get started by choosing a physical therapy software solution that is right for you.
