PT billing software reconciliation

Do you reconcile your collections monthly?

When your practice receives payments by cash, credit card or checks, how do you reconcile your practice with your bank account every month?

Reconciling your bank account with the collections you receive at your practice is something they teach in business school, but not in Physical Therapist School.  Co-payments are being taken from your patients every day but checks from insurance companies come in by mail, weeks after the date of service.  How do you keep track of everything and everybody? How do you know the money showing in your billing software is actually arriving in your bank account?

The bestPT Billing Software can eliminate this memory management with several built-in tools to reconcile your finances.  Learn how with the free webinar that can be viewed right on this page.

physical therapy billing software

Do you reconcile your collections daily?

When your practice receives payments by cash, credit card or checks, do you have a way to reconcile your practice with your bank account?

Reconciling your bank account with the collections you receive at your practice is something they teach in business school, but not in Physical Therapy School.  Co-payments are being taken from your patients every day but checks from insurance companies come in by mail, weeks after the date of service.  How do you keep track of everything and everybody?

The bestPT Billing Software can eliminate this memory management with several built-in tools to reconcile your finances.  Learn how with the free webinar that can be viewed right on this page.

PT billing software

How Many Tasks does a New Patient Generate?

When a new patient comes to your Physical Therapy Practice, how many steps must your Front Desk person take to create a new patient account?

Typically, a new patient comes in to fill out forms and then your Staff has to remember to copy their driver’s license and their insurance card. Next, the patient’s data has to be typed into a computer. Co-payments also have to be collected and future appointments need to be scheduled. Are all of these tasks being completed for every patient?  How do you know?

The bestPT Billing Software can eliminate this memory management with a tool we call a Task Checklist. All of the steps are written down and turned into tasks that can be automatically assigned to your staff members. The Task Checklist is launched with every new patient and your staff will know exactly what to do without being told. The Practice Owner will be able to see at a glance if every task was done for every patient, which ensures a consistent patient experience in your office. It also gives you and your staff peace-of-mind knowing everything is done at the end of the day.  Learn more with the free webinar that can be viewed right on this page.

PT billing

How to Detect Insurance Underpayments

How can you tell if your Physical Therapy Practice is being paid in full and on time by insurance companies? How can you tell if there’s an underpayment?

The bestPTbilling software can detect insurance company underpayments and then you’ll know the details you need to address the situation.  The elimination of insurance industry underpayments is a challenge because their goal is to not pay for anything until they absolutely have to.  Their next tactic is to underpay and hope that you don’t catch on.  Our built-in tool will help you to detect and then to fight underpayments.  Learn more with the free webinar that can be viewed right on this page.

Fortis Payment Systems is integrated with bestPT

Fortis Payment Systems is Integrated with bestPT.

Use Fortis Payment Systems to process credit card payments in real time online, not with a slow telephone terminal.

Fortis Payment Systems is Integrated within the bestPT Software.  You can charge a patient’s card from within their account and you can charge their card easily from the Point of Sale screen as well.  The payments can be tagged separately and they’re automatically posted to the patient’s account.  View this webinar to see other features and to see how it works. Learn more with the free webinar that can be viewed right on this page.

assess your physical therapy practice

How Do You Assess Your Practice?

How can you get your finger on the pulse of your practice?

This week’s webinar is about your Collections. How to assess both Insurance and Cash Collections. How do you track your collections? Do you have a tool to monitor the ups and downs with a simple glance at a chart?

The tools to assess and track collections metrics are built into our software and your Practice Success Coach will help you to understand these metrics and their relationships to other metrics. These Key Performance Indicators (KPIs) must be measured to know the health of your Practice.  Learn more with the free webinar that can be viewed right on this page.

metrics for physical therapists

Top 10 Metrics You Should Track

What Metrics Should You Track in Your Practice?

Our clients have determined that these are the most important metrics to track in your practice:

  • Collections
  • Patients Visits
  • Charges
  • New Patients
  • No Shows
  • No Future Appointments
  • Accounts Receivable
  • Unbilled Visits
  • Unsigned Notes
  • Claims needing to be corrected by the Practice

They’re all related to each other and they all affect each other.  These Key Performance Indicators (KPIs) must be measured to know the health of your Practice.  Some practices want to track other metrics and that’s easily changed within our PT billing software.  Which ones do you track?  Do you even care about these numbers?

How do you track these metrics? Do you have a tool to monitor them with a simple glance at a chart? The tools to track these numbers are built into our PT billing software and your Practice Success Coach will help you to understand the metrics and their relationships to the other metrics. Your Coach will help you set-up a Practice Health Monitor and that’s where you can see these numbers at a glance at a radar chart.

Other tools are available in our software as well.  Learn more with the free webinar that can be viewed right on this page.

PT cartoons

Increase Your Cash Flow This Year!

How Can You Increase Your Practice Income?

By using our built-in Point-of-Sale (POS) system!  Use a bar code scanner to create an inventory that your patients would be interested in purchasing.  Use the same scanner to check out your sales and your inventory will be controlled automatically.  A task will open to alert you when products need to be re-stocked.  Learn all about your POS system with this free webinar.  See how easy it is to track your product sales and then see an increase in your bottom line.  See the POS system in action and learn more by watching this free webinar on this page right now.

escrow account for physical therapists

Can You Spend Your Care Plan Escrow Account?

How Do You Track Your Escrow Account?

Learn about your care plan escrow account and about how to legally administer the account. Can you spend it? Should it be kept separate? How do you track it for every patient with a care plan? What’s your total?

See how easy it is to track your escrow account by date range and then see a total with a few clicks in our software. See it and learn more by watching this free webinar on this page right now.

monthly practice health check for physical therapists

What is a Monthly Health Check?

Have you set your practice goals with your Practice Success Coach?

Learn about a Monthly Health Check for your practice and how it can help you. Your Practice Success Coach will help you set goals and KPIs for your practice and then follow-up with you about them each month. You will know immediately if you’re on-track to reach your goals and if not, then your Practice Success Coach will suggest ways to make improvements.  Learn more by watching this free webinar on this page right now.