RE: Deductibles and coinsurance

[Guest guest]

Most will collect deductible up front and bill for coinsurance.

Some of your insurance contracts will specify what you can and cannot

collect.

Keep consistent with all patients.

Ruesewald

Therapy Billing

603 W 6th Ave, Ste 305, Corsicana, TX 75110

fax

The documents accompanying this email transmission contain confidential

information that is legally protected and privileged. The information is

intended for the use of the recipient named above. If you have received

this email in error, please notify us immediately by telephone

() to arrange for return of the document to us. You are hereby

notified that any disclosure, copying, distribution, or the taking of any

action in reliance on the contents of this transmission is strictly

prohibited.

From: PTManager [mailto:PTManager ] On Behalf

Of tanja.taylor

Sent: Friday, January 27, 2012 8:01 AM

To: PTManager

Subject: Deductibles and coinsurance

I'm new to group so I'm sure this question has been posted before but wanted

to know how most OT/PT private practices handle deductibles and coinsurance.

What do most practices collect at time of service?

Tanja , Owner

Hand to Shoulder Therapy Specialists of Duluth

Private occupational therapy practice

[Guest guest]

It is in your best interest to collect applicable co-pays, co-insurances, and

deductibles at time of service. This is your best chance to collect from

patients and also reduces your costs of trying to obtain the money at a later

time. This is especially true if you have a billing company who may charge you

anywhere from 5-10% of what they collect for you. If you could collect at time

of service, you just saved 5-10%. Some billing companies may still charge you

their collection fee on deductibles that you collect since they will tell you

they still have to bill the insurance company to have the insurance company say

that the patient has not met their deductible. I would recommend you try to

negotiate that fee as you interview billing companies.

Rick Gawenda, PT

President

Gawenda Seminars & Consulting, Inc.

www.gawendaseminars.com

Follow Gawenda Seminars & Consulting, Inc on Facebook

Register for the February 22, 2012 audio conference: " Is Your Practice

Profitable? Evaluating Practice Metrics, Part 1 " at

https://www.showmyevent.com/events/viewEventDetails.aspx?EventID=1754

Subject: Deductibles and coinsurance

To: PTManager

Date: Friday, January 27, 2012, 9:01 AM

Â

I'm new to group so I'm sure this question has been posted before but

wanted to know how most OT/PT private practices handle deductibles and

coinsurance. What do most practices collect at time of service?

Tanja , Owner

Hand to Shoulder Therapy Specialists of Duluth

Private occupational therapy practice