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Physical Therapy Practice Benchmarks in Wisconsin

Running a PT, OT or SLP practice in Wisconsin 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 Wisconsin

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 16 hours ago
0.00 days
Latest
1.49 days
Average
6.84 days
Max
0.00 days
Min

Payer Scenario Mix

Across StrataPT's clients, this reflects the various payer mixes we often see.
Data refreshed 16 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 16 hours ago
2.929
Latest
3.059
Expected
2.929
High
3.059
Mean
2.95
Low
2.868
Median
2.935

Financial & RCM Benchmarks for Physical Therapy Practices in Wisconsin

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 16 hours ago
87.00%
Latest
86.41%
Average
98.40%
Max
57.60%
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 16 hours ago
1.90%
Latest
8.84%
Average
15.70%
Max
1.90%
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 16 hours ago
$84.04
Latest
$81.41
Expected
$84.04
High
$162.83
Mean
$102.32
Low
$81.41
Median
$91.18

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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