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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 11 hours ago
0.71 days
Latest
0.64 days
Average
1.90 days
Max
0.27 days
Min

Payer Scenario Mix

Across StrataPT's clients, this reflects the various payer mixes we often see.
Data refreshed 11 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 11 hours ago
2.75
Latest
2.822
Expected
2.75
High
3.128
Mean
2.748
Low
2.437
Median
2.743

Financial & RCM Benchmarks for Physical Therapy Practices in Kentucky

Healthcare Payer Reimbursement Rates 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 11 hours ago
99.20%
Latest
98.02%
Average
99.80%
Max
92.40%
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 11 hours ago
10.30%
Latest
10.64%
Average
16.60%
Max
4.70%
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 11 hours ago
$94.60
Latest
$93.08
Expected
$94.60
High
$102.58
Mean
$86.58
Low
$75.33
Median
$86.42

Top Healthcare Payers in Kentucky

Medicare of Kentucky

$114.57

paid in 14 days
View 6 recent CPT Code Combinations

Humana

$96.08

paid in 10 days
View 9 recent CPT Code Combinations

BCBS of Kentucky

$77.90

paid in 16 days
View 11 recent CPT Code Combinations

United Health Care

$71.20

paid in 11 days
View 4 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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Frequently Asked Questions

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