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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 21 hours ago
10.41 days
Latest
9.23 days
Average
17.29 days
Max
0.88 days
Min

Payer Scenario Mix

Across StrataPT's clients, this reflects the various payer mixes we often see.
Data refreshed 21 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 21 hours ago
3.806
Latest
3.979
Expected
3.806
High
4.074
Mean
3.937
Low
3.633
Median
3.944

Financial & RCM Benchmarks for Physical Therapy Practices in Maryland

Healthcare Payer Reimbursement Rates 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 21 hours ago
99.10%
Latest
98.44%
Average
99.70%
Max
95.80%
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 21 hours ago
0.50%
Latest
5.95%
Average
14.10%
Max
0.50%
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 21 hours ago
$114.55
Latest
$87.52
Expected
$114.55
High
$158.48
Mean
$105.94
Low
$87.52
Median
$103.10

Top Healthcare Payers in Maryland

Medicare of Maryland

$135.64

paid in 15 days
View 6 recent CPT Code Combinations

Medicare of DC

$112.33

paid in 15 days
View 26 recent CPT Code Combinations

Carefirst BCBC - VA, DC, MD

$99.11

paid in 8 days
View 27 recent CPT Code Combinations

BCBS of Maryland

$90.74

paid in 25 days
View 3 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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