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Physical Therapy Practice Benchmarks in Florida

Running a PT, OT or SLP practice in Florida 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 Florida

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 17 hours ago
2.46 days
Latest
3.26 days
Average
7.09 days
Max
1.27 days
Min

Payer Scenario Mix

Across StrataPT's clients, this reflects the various payer mixes we often see.
Data refreshed 16 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 17 hours ago
3.761
Latest
3.781
Expected
3.761
High
3.84
Mean
3.767
Low
3.508
Median
3.779

Financial & RCM Benchmarks for Physical Therapy Practices in Florida

Healthcare Payer Reimbursement Rates in Florida

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 17 hours ago
99.00%
Latest
96.94%
Average
99.00%
Max
92.30%
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 17 hours ago
0.70%
Latest
7.48%
Average
16.20%
Max
0.70%
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 16 hours ago
$100.34
Latest
$95.09
Expected
$100.34
High
$224.56
Mean
$103.92
Low
$91.50
Median
$95.44

Top Healthcare Payers in Florida

MedRisk

$134.17

paid in 28 days
View 5 recent CPT Code Combinations

Railroad Medicare

$125.89

paid in 25 days
View 1 recent CPT Code Combinations

Tricare

$114.26

paid in 54 days
View 16 recent CPT Code Combinations

Florida Medicare

$109.35

paid in 15 days
View 335 recent CPT Code Combinations

CPT copyright 2024 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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