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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 11 hours ago
27.99 days
Latest
37.76 days
Average
61.33 days
Max
7.25 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
3.435
Latest
3.432
Expected
3.435
High
3.66
Mean
3.475
Low
3.222
Median
3.452

Financial & RCM Benchmarks for Physical Therapy Practices in New Mexico

Healthcare Payer Reimbursement Rates in New Mexico

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
95.60%
Latest
96.14%
Average
99.50%
Max
88.70%
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
5.50%
Latest
7.24%
Average
13.80%
Max
2.80%
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
$109.27
Latest
$112.81
Expected
$109.27
High
$135.76
Mean
$106.19
Low
$94.68
Median
$105.08

Top Healthcare Payers in New Mexico

Presbyterian Centennial Care

$166.03

paid in 11 days
View 4 recent CPT Code Combinations

BCBS of New Mexico

$129.28

paid in 5 days
View 11 recent CPT Code Combinations

TriWest

$94.37

paid in 8 days
View 5 recent CPT Code Combinations

Medicare of New Mexico

$89.18

paid in 15 days
View 10 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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