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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 11 hours ago
10.01 days
Latest
10.88 days
Average
26.08 days
Max
1.71 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
4.019
Latest
3.891
Expected
4.019
High
4.121
Mean
3.917
Low
3.768
Median
3.909

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 11 hours ago
86.80%
Latest
85.10%
Average
99.00%
Max
57.00%
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
16.81%
Average
31.90%
Max
5.70%
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
$102.80
Latest
$126.44
Expected
$102.80
High
$126.44
Mean
$104.10
Low
$88.84
Median
$102.51

Top Healthcare Payers in Washington

BCBS of Washington

$122.88

paid in 17 days

Premera Blue Cross of WA

$92.95

paid in 18 days

Medicare of Washington

$87.46

paid in 15 days

United Health Care

$66.42

paid in 20 days

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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With StrataPT, you can get an additional +$11,397.21 per month for your practice

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Frequently Asked Questions

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