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Physical Therapy Practice Benchmarks in Wyoming

Running a PT, OT or SLP practice in Wyoming 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 Wyoming

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 5 hours ago
0.97 days
Latest
0.78 days
Average
2.54 days
Max
0.00 days
Min

Payer Scenario Mix

Across StrataPT's clients, this reflects the various payer mixes we often see.
Data refreshed 5 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 6 hours ago
4.31
Latest
3.988
Expected
4.31
High
4.467
Mean
4.217
Low
3.977
Median
4.225

Financial & RCM Benchmarks for Physical Therapy Practices in Wyoming

Healthcare Payer Reimbursement Rates in Wyoming

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 5 hours ago
94.40%
Latest
95.83%
Average
99.50%
Max
85.60%
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 5 hours ago
1.40%
Latest
4.12%
Average
9.50%
Max
0.50%
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 5 hours ago
$214.18
Latest
$278.65
Expected
$214.18
High
$278.65
Mean
$207.09
Low
$148.16
Median
$206.07

Top Healthcare Payers in Wyoming

Caresource MI

$326.15

paid in 37 days

Montana Health Coop

$271.36

paid in 76 days

BCBS of Wyoming

$268.80

paid in 14 days

Medicaid of Wyoming

$150.44

paid in 7 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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Frequently Asked Questions

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