Strata Stories are conversations between Strata’s CEO, Paul Singh, and leaders in the OT & PT world. We interview practice owners, therapists, consultants, and coaches disrupting healthcare to make a positive change!
On this episode of Strata Stories, we talk with Vikram Sethuraman, the CEO of PT Wired. We dive into:
1. How much money you can make with RTM.
2. Strategies for a succesful RTM implementation.
3. And the biggest mistakes to avoid when implementing RTM.
Episode Highlight: “If you implement RTM at your practice and you’re doing it well for a patient that’s enrolled, you’ll get 120 to 160 dollars of revenue per patient per month of your RTM enrolled patients. And obviously that requires you to do all the requirements and build the codes. There’s some billing, I guess, complications probably isn’t the right word, but there’s some things you have to think about when you build these codes because they’re not traditional codes that people are used to billing in terms of how to put it into your workflow, how to make sure you’re billing it on time. They’re billed per calendar month for some of the codes, so you don’t want to miss the calendar month that you’re supposed to bill it in. Some are billed per 30-day period, so you don’t want to bill it too late because then your next 30-day period may overlap”
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If you’d like to learn more about Strata and achieving a 99.99% reimbursement rate for your PT, OT or SLP Clinic head over to stratapt.com and book a call with our team!
If you have any questions, comments, or ideas, we’d love to hear from you!