Real-Time Physical Therapy Practice Benchmarks in Maryland

Running a PT, OT or SLP practice in Maryland 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 Maryland

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
9.07 days
Latest
6.58 days
Average
13.57 days
Max
0.36 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
4
Latest
3.75
Expected
4
High
4.18
Mean
4.045
Low
3.716
Median
4.063

Financial & RCM Benchmarks for Physical Therapy Practices in Maryland

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
99.10%
Latest
97.82%
Average
99.60%
Max
91.40%
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 4 hours ago
2.30%
Latest
4.05%
Average
9.40%
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 4 hours ago
$118.19
Latest
$110.94
Expected
$118.19
High
$179.75
Mean
$111.07
Low
$99.98
Median
$108.52

Top Healthcare Payers in Maryland

More Maryland Healthcare Payer Benchmarks

Medicare of Washington DC

$158.34

paid in 16 days

Carefirst BCBS of Maryland

$119.39

paid in 7 days

Medicare of Maryland

$118.78

paid in 16 days

United Health Care

$104.10

paid in 20 days

Related:

Frequently Asked Questions

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