Real-Time Physical Therapy Practice Benchmarks in New Mexico

Running a PT, OT or SLP practice in New Mexico 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 New Mexico

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
10.24 days
Latest
7.72 days
Average
11.83 days
Max
3.46 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
3.636
Latest
3.2
Expected
3.636
High
3.636
Mean
3.345
Low
3.2
Median
3.272

Financial & RCM Benchmarks for Physical Therapy Practices in New Mexico

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
96.70%
Latest
85.27%
Average
96.70%
Max
76.20%
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
10.00%
Latest
10.00%
Average
14.30%
Max
5.70%
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
$115.40
Latest
$126.60
Expected
$115.40
High
$126.60
Mean
$121.99
Low
$115.40
Median
$123.97

Related:

Frequently Asked Questions

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