Physical Therapy Practice Benchmarks in Washington

Running a PT, OT or SLP practice in Washington 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 Washington

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 18 hours ago
17.91 days
Latest
12.85 days
Average
26.08 days
Max
2.61 days
Min

Payer Scenario Mix

Across StrataPT's clients, this reflects the various payer mixes we often see.
Data refreshed 17 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 18 hours ago
3.9
Latest
3.872
Expected
3.9
High
4
Mean
3.895
Low
3.732
Median
3.891

Financial & RCM Benchmarks for Physical Therapy Practices in Washington

Healthcare Payer Reimbursement Rates in Washington

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 18 hours ago
72.90%
Latest
88.57%
Average
98.30%
Max
62.80%
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 18 hours ago
8.30%
Latest
11.66%
Average
26.50%
Max
3.40%
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 17 hours ago
$114.64
Latest
$110.56
Expected
$114.64
High
$118.06
Mean
$98.34
Low
$86.38
Median
$97.47

Top Healthcare Payers in Washington

Regence Blue Shield of WA

$119.81

paid in 74 days
View 7 recent CPT Code Combinations

Premera Blue Cross of WA

$114.93

paid in 70 days
View 3 recent CPT Code Combinations

United Health Care

$66.42

paid in 53 days
View 4 recent CPT Code Combinations

CPT copyright 2023 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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300
$100.00
70%

This is the total amount you currently spend for EMR, scheduling or other software used to run your practice on a daily basis.

This is the total amount you currently spend for billing services. Typically this is the total monthly expense of your billing team (including salaries, benefits, clearinghouse fees, USPS postage and more) or the monthly fees paid to your billing service.

+$11,397.21 additional cash each month for your practice

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