Where is this data coming from?

This data represents aggregated & anonymized data across PT, OT and SLP practices on StrataPT's EMR & RCM platforms.

What do the dashed lines represent?

We use dashed lines to represent data that is likely to change quite often.

What is the average First Pass Clean Claim Rate?

The average First Pass Clean Claim Rate is 96.44% for physical therapy, occupational therapy and speech language therapy practices.

What is the average Denial Rate?

The average Denial Rate is 8.04% for physical therapy, occupational therapy and speech language therapy practices.

What is the average Reimbursement per Visit?

The expected Reimbursement Per Visit is $94.68 for physical therapy, occupational therapy and speech language therapy practices.

What is the average number of days it takes to complete patient notes?

The average most therapists complete patient notes in 4.40 days.

What is the average number of Units Per Visit?

The average number of Units Per Visit is 3.60 for physical therapy, occupational therapy and speech language therapy practices.

Physical Therapy Practice Benchmarks

Running a PT, OT or SLP practice shouldn't be mysterious. We share our aggregate data -- whether you're a client of ours or not.

Operational Benchmarks for Physical Therapy Practices

Average Days Until Documentation Completion

Across StrataPT's clients, this metric reflects the average number of days before a patient's notes are completed. StrataPT is then able to begin processing the claims.

Data refreshed 1 day ago

4.74 days

Latest

4.40 days

Average

6.25 days

Max

1.16 days

Min

Payer Scenario Mix

Across StrataPT's clients, this reflects the various payer mixes we often see.

Data refreshed 1 day ago

Average Units Per Visit

While every practice is different, we can give you a general sense for units per visit by looking at the aggregate data across StrataPT's customers.

Data refreshed 1 day ago

3.525

Latest

3.817

Expected

3.525

High

3.818

Mean

3.605

Low

3.51

Median

3.572

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Financial & RCM Benchmarks for Physical Therapy Practices

First Pass Clean Claim Rate

The percentage of claims which meet standards for correct coding, modifiers, structure, and formatting on the first attempt.

Data refreshed 1 day ago

99.10%

Latest

96.44%

Average

99.10%

Max

90.40%

Min

Denial Rate

The percentage of claims which are eventually denied by insurers, for a variety of possible reasons, including: patient policy information, exhausted benefits, authorization, limits, or provider status.

Data refreshed 1 day ago

0.80%

Latest

8.04%

Average

13.20%

Max

0.80%

Min

Average Reimbursement Per Visit

While negotiated reimbursement rates between a health insurance company and a healthcare provider are confidential, we can give you a general sense for reimbursement rates by looking at the aggregate data across StrataPT's customers.

Data refreshed 1 day ago

$94.68

Latest

$98.49

Expected

$94.68

High

$130.17

Mean

$95.45

Low

$91.34

Median

$94.39