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 1 day ago
265.16 days
Latest
51.33 days
Average
265.16 days
Max
4.25 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
3.952
Latest
3.933
Expected
3.952
High
4.16
Mean
3.836
Low
3.417
Median
3.88

Financial & RCM Benchmarks for Physical Therapy Practices in Illinois

Real-Time Healthcare Payer Benchmarks in Illinois

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
99.20%
Latest
81.55%
Average
99.70%
Max
42.40%
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
2.00%
Latest
13.13%
Average
30.90%
Max
2.00%
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
$119.39
Latest
$298.59
Expected
$119.39
High
$298.59
Mean
$137.27
Low
$100.06
Median
$127.43

Top Healthcare Payers in Illinois

More Illinois Healthcare Payer Benchmarks

Medicare of Illinois

$119.39

paid in 16 days
View 15 recent CPT Code Combinations

CPT copyright 2023 American Medical Association.

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.

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Frequently Asked Questions

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If you’re in a rush and want to get the ball rolling, let's put something on the calendar now to talk about how StrataPT can work for you.

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See how Strata can grow your practice

300
$100.00
70%

This is the total amount you currently spend for EMR, scheduling or other software used to run your practice on a daily basis.

This is the total amount you currently spend for billing services. Typically this is the total monthly expense of your billing team (including salaries, benefits, clearinghouse fees, USPS postage and more) or the monthly fees paid to your billing service.

+$11,399.98 additional cash each month for your practice

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