Real-Time Physical Therapy Practice Benchmarks in Illinois

Running a PT, OT or SLP practice in Illinois 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 Illinois

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 4 hours ago
301.00 days
Latest
126.07 days
Average
301.00 days
Max
3.89 days
Min

Payer Scenario Mix

Across StrataPT's clients, this reflects the various payer mixes we often see.
Data refreshed 4 hours 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 4 hours ago
3.8
Latest
3.8
Expected
3.8
High
4.176
Mean
3.856
Low
3.333
Median
3.917

Financial & RCM Benchmarks for Physical Therapy Practices in Illinois

Real-Time Healthcare Payer Benchmarks

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 4 hours ago
80.90%
Latest
-200.84%
Average
94.70%
Max
-750.00%
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 4 hours ago
2.60%
Latest
15.54%
Average
40.00%
Max
2.60%
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 4 hours ago
$122.24
Latest
$185.81
Expected
$122.24
High
$198.54
Mean
$129.44
Low
$86.17
Median
$122.24

Related:

Frequently Asked Questions

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