Where is this data coming from?

This data represents aggregated & anonymized data across PT, OT and SLP practices on StrataPT's EMR & RCM platforms.

What do the dashed lines represent?

We use dashed lines to represent data that is likely to change quite often.

What is the average First Pass Clean Claim Rate in New Jersey?

The average First Pass Clean Claim Rate in New Jersey is 98.14% for physical therapy, occupational therapy and speech language therapy practices.

What is the average Denial Rate in New Jersey?

The average Denial Rate in New Jersey is 7.89% for physical therapy, occupational therapy and speech language therapy practices.

What is the average Reimbursement per Visit in New Jersey?

The expected Reimbursement Per Visit in New Jersey is $76.63 for physical therapy, occupational therapy and speech language therapy practices.

What is the average number of days it takes to complete patient notes in New Jersey?

The average most therapists in New Jersey complete patient notes in 6.24 days.

What is the average number of Units Per Visit in New Jersey?

The average number of Units Per Visit in New Jersey is 3.70 for physical therapy, occupational therapy and speech language therapy practices.

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Physical Therapy Practice Benchmarks in New Jersey

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

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

6.01 days

Latest

6.24 days

Average

11.87 days

Max

2.24 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

3.66

Latest

4.128

Expected

3.66

High

4.166

Mean

3.702

Low

2.944

Median

3.735

Financial & RCM Benchmarks for Physical Therapy Practices in New Jersey

Healthcare Payer Reimbursement Rates in New Jersey

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

97.00%

Latest

98.14%

Average

99.90%

Max

89.60%

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

5.10%

Latest

7.89%

Average

13.10%

Max

3.70%

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

$76.63

Latest

$87.78

Expected

$76.63

High

$87.79

Mean

$79.76

Low

$73.55

Median

$79.31

Top Healthcare Payers in New Jersey

Medicare of New York: $116.31
paid in 16 days
MedRisk: $100.00
paid in 47 days
Align Networks (One Call PT): $79.00
paid in 51 days
BCBS of New Jersey: $78.64
paid in 26 days

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.

Physical Therapy Practice Benchmarks by State

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Frequently Asked Questions

Physical Therapy Practice Benchmarks in New Jersey

Operational Benchmarks for Physical Therapy Practices in New Jersey

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

Financial & RCM Benchmarks for Physical Therapy Practices in New Jersey

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

Top Healthcare Payers in New Jersey

Medicare of New York

MedRisk

Align Networks (One Call PT)

BCBS of New Jersey

Physical Therapy Practice Benchmarks by State

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Frequently Asked Questions

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