Real-Time Physical Therapy Practice Benchmarks in Kentucky

Running a PT, OT or SLP practice in Kentucky 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 Kentucky

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 5 hours ago
2.67 days
Latest
1.19 days
Average
5.12 days
Max
0.30 days
Min

Payer Scenario Mix

Across StrataPT's clients, this reflects the various payer mixes we often see.
Data refreshed 5 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 5 hours ago
2.614
Latest
3.729
Expected
2.614
High
3.863
Mean
3.285
Low
2.614
Median
3.183

Financial & RCM Benchmarks for Physical Therapy Practices in Kentucky

Real-Time Healthcare Payer Benchmarks in Kentucky

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 5 hours ago
99.50%
Latest
97.46%
Average
99.80%
Max
86.90%
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 5 hours ago
0.90%
Latest
7.70%
Average
17.00%
Max
0.40%
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 5 hours ago
$93.58
Latest
$115.36
Expected
$93.58
High
$137.17
Mean
$88.47
Low
$70.77
Median
$87.48

Top Healthcare Payers in Kentucky

More Kentucky Healthcare Payer Benchmarks

Wellcare of Kentucky

$113.31

paid in 8 days
View 6 recent CPT Code Combinations

Medicare of Kentucky

$99.46

paid in 25 days
View 7 recent CPT Code Combinations

Humana

$88.93

paid in 12 days
View 11 recent CPT Code Combinations

BCBS of Kentucky

$86.87

paid in 14 days
View 18 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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