As we tackle the often-overlooked world of medical billing, how do you maximize payment reimbursement for the financial health of your medical business? Ever wondered if the big secret to getting the most out of your practice’s earnings is buried in the complexities of medical billing?
Join me this week for a spectacular conversation with Paul Singh, the CEO (Chief Executive Officer) of Strata PT. Paul is the CEO of StrataPT. Strata’s mission is to help PT, OT & SLP practices run and grow better. Our goal is to become the Stripe for Healthcare. Strata solves healthcare worker's problems with technology and an incredible team – they help physical, occupational, and speech therapy practices get paid 99.99% of what they’re owed. The highest reimbursement rate in the industry by far. As a result, their clinic owners get paid more, they can finally take a vacation, give their employees raises, and their stress levels decrease immensely.
To learn how to run your practice end-to-end visit StrataPT’s website at https://www.stratapt.com/
In this episode, we will touch on such topics as:
- Maximizing Payment Reimbursement for Healthcare Businesses: The importance of having an all-in-one, billing-aware technology system, the inefficiencies of mixing different software solutions, and how Strata PT's approach contrasts with industry norms that typically settle for lower reimbursement rates.
- Medical Billing Challenges and Innovations: The evolution of a company from a traditional billing service to a technology-driven entity that has built its own EMR, aiming for higher collection rates by controlling the full stack.
- Technology's Impact on Healthcare Billing: How technology has similarly increased efficiency, aiming for a high auto post rate where claims are processed without human intervention.
- Outsourcing and Data Analysis in Billing: The transparency and data-driven approach to medical billing and reimbursement rate and the importance of practices verifying they are receiving appropriate payments by using publicly available data, regardless of whether they handle billing in-house or outsource it.
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And, if you like what you hear from the host, Dave Kittle, then it's possible that he and his team, The Fieldmaker Group, may be interested in acquiring some or all of your physical therapy practice. Learn more about potential partnerships, selling your practice, mergers, and more on our website at https://www.fieldmakergroup.com
Connect with him on:
Email: Dave@Conciergepainrelief.com
Instagram: @davekittle
LinkedIn: https://www.linkedin.com/in/davekittle/
or
Call (646)-781-8884
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