Physical Therapy Software | Compare Cost of Visit Documentation with EHR
You can easily reduce your visit documentation frustrations with Best PT’s xDocs. xDocs simplify and expedite your daily physical therapy documentation process. This cuts your documentation time and improves your profitability while maintaining compliance. Â After all, you are not getting paid for time spent on completing or searching for documentation.
So you will sleep better because you won’t have to worry about failing audits, or unpaid claims due to missing patient info. Best of all, you can complete your documentation in a few clicks with xDocs while still table-side with your patient. Then simply submit your claim in one single click as soon as you are done with your notes since xDocs documentation is located on the same screen as your physical therapy billing platform.
This optimized physical therapy billing and documentation process also makes it easy for you to send your patient documentation to referring doctors as well as payers with the appropriate ICD and CPT codes. The various customization options available are handled by Best PT’s support team so that your documentation keeps its familiar look, even in digital format.
Reducing your documentation time from ten minutes down to two minutes with xDocs will also improve your efficiency. Improved efficiency results in more income for your practice since you will reduce the amount of lost income due to time spent on documentation.
You can figure out just how much time and money your practice will be able to save when switching to xDocs. Simply replace the assumptions below with your own practice numbers and complete the calculations.
For example:
Assumptions:
- Your average monthly revenue: $20,000.
- Your average patient visits per month: 280.
- Your monthly hours of operation: 180.
- Your average documentation time per patient: 10 minutes.
Calculations: Potential savings with reduced documentation time of 2 minutes:
- Your average time per visit: 180 hours/ 280 visits = 39 minutes
- Time with patient: 39 minutes – 2 minutes= 37 minutes
- Your efficiency: 37 minutes/39 minutes = 95%
=> Total Monthly documentation time with 2-minute documentation time:
280 visits x 2 minutes = 9 hours
Compare to efficiency with documentation time of 10 minutes:
- Time with patient: 39 minutes – 10 minutes = 29 minutes
- Your efficiency: 29 minutes/39 minutes = 74%
- Your hourly value: $20,000/(180 hours x 74%) = $150
=> Total Monthly documentation time with 10-minute documentation time:
280 visits x 10 minutes = 47 hours
=> Time Savings with 2-minute documentation time:47 hours – 9 hours = 38 hours
By reducing your documentation time from ten to two minutes, however, you can save $67,200 per year ($5,600 per month). Additionally, you will be saving 38 hours per month that you can now spend on treating more patients.
If you need help comparing the real cost of your current physical therapy documentation software to xDocs’ improved documentation time and cost, please request an Individual Practice Evaluation. One of bestPT’s profitability specialists will assist you.
