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 in Colorado?

The average First Pass Clean Claim Rate in Colorado is 94.15% for physical therapy, occupational therapy and speech language therapy practices.

What is the average Denial Rate in Colorado?

The average Denial Rate in Colorado is 10.16% for physical therapy, occupational therapy and speech language therapy practices.

What is the average Reimbursement per Visit in Colorado?

The expected Reimbursement Per Visit in Colorado is $167.27 for physical therapy, occupational therapy and speech language therapy practices.

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

The average most therapists in Colorado complete patient notes in 0.59 days.

What is the average number of Units Per Visit in Colorado?

The average number of Units Per Visit in Colorado is 4.86 for physical therapy, occupational therapy and speech language therapy practices.

Physical Therapy Practice Benchmarks in Colorado

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

Operational Benchmarks for Physical Therapy Practices in Colorado

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

0.64 days

Latest

0.59 days

Average

2.24 days

Max

0.09 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

4.821

Latest

4.964

Expected

4.821

High

5.447

Mean

4.86

Low

4.085

Median

4.877

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Financial & RCM Benchmarks for Physical Therapy Practices in Colorado

Healthcare Payer Reimbursement Rates in Colorado

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

96.90%

Latest

94.15%

Average

98.80%

Max

76.10%

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

1.10%

Latest

10.16%

Average

55.60%

Max

1.10%

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

$167.27

Latest

$245.76

Expected

$167.27

High

$245.76

Mean

$184.50

Low

$132.10

Median

$183.43

Top Healthcare Payers in Colorado

DVR-CO: $315.00
paid in 18 days
TriWest Healthcare Alliance (Region 4): $128.43
paid in 7 days
Medicare of Colorado: $106.70
paid in 16 days
Humana: $78.15
paid in 10 days

All rights reserved. Fee schedules, relative value units, conversion factors and/or related components are not assigned by the AMA, are not part of CPT, and the AMA is not recommending their use. The AMA does not directly or indirectly practice medicine or dispense medical services. The AMA assumes no liability for data contained or not contained herein.

Physical Therapy Practice Benchmarks by State

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Frequently Asked Questions

Physical Therapy Practice Benchmarks in Colorado

Operational Benchmarks for Physical Therapy Practices in Colorado

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

Financial & RCM Benchmarks for Physical Therapy Practices in Colorado

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

Top Healthcare Payers in Colorado

DVR-CO

TriWest Healthcare Alliance (Region 4)

Medicare of Colorado

Humana

Physical Therapy Practice Benchmarks by State

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Frequently Asked Questions

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