PT Billing Services is here to help your physical therapy practice succeed. Here is our FAQ (frequently asked questions) with answers to some of the most asked questions about our company and our services.
PT Billing Services, LLC performs its services based on a percentage of the revenue collected. This percentage varies based on the size and specialty of the practice. This method ensures that the goal of both of our companies is the same – to obtain the full financial reimbursement for services provided. We do not get paid unless you get paid!
Our fee includes our staff to assist you and your staff with any questions you, your practice, or your patients may have about your claims and billing. Our billing system includes a database that is set up specifically for your practice and all of your claims, billing and coding processes.
No! We charge one fee that includes all of our standard services, there are no hidden fees and charges involved. Any fees for extended custom services will be negotiated before the services are performed.
Yes, PT Billing Services, LLC works off of a simple contract that documents the services that we will provide to each other. The contract may be terminated with 90 days written notice by either party after an initial one year term.
Yes, PT Billing Services, LLC transmits claims electronically to all insurance companies that accept claims electronically. If an insurance company does not allow claims to be transmitted electronically, they will be submitted on paper utilizing the standard CMS Form. As of October 15, 2011, PT Billing Services is certified with Medicare and our Clearinghouse to send electronic claims in the 5010 format.
Yes, PT Billing Services, LLC has the ability to process EOBs electronically from almost all insurance companies through our clearing house. It can take several months to set up with the insurance companies electronically through the clearinghouse but it is our preference to process EOBs electronically whenever possible to reduce errors.
Yes, PT Billing Services, LLC complies with all HIPAA privacy and security regulations.
PT Billing Services, LLC will review your fees annually to make sure you are not getting underpaid for your services. We also monitor the fee schedules from the insurance companies during the year to make sure you do not get underpaid.
Yes, PT Billing Services, LLC offers consulting services for medical billing, HIPAA compliance, management consulting and IT consulting.