How a physical therapy partner can save money for your hospital

June 5, 2020

It seems like budgets get tighter every year, yet hospitals are expected to help more people and provide a broader array of service than ever before. If you’re a hospital executive, trying to do more with less is the ongoing order of the day. Due to the specialized nature of the field, physical therapy departments can be particularly challenging to manage on a cost-effective basis. 

Yet from lowering hospital readmission rates to improving patient satisfaction, there is ample evidence that providing physical therapy as early as possible in the treatment process is beneficial. The good news is that it is possible to provide high-quality physical therapy while staying within the operational and budgetary constraints of your hospital. One of the ways that many hospitals are able to save money is by working with a dedicated physical therapy management organization. 

Cost-effective physical therapy practices 

By leveraging the operational knowledge, dedicated resources and industry-specific experience of an organization that is fully focused on physical therapy, your hospital can save money in the following ways: 

  • Increased revenue — From higher reimbursements due to reduced billing errors to getting more done by improving efficiency, the right partner can help you put systems in place to meet and exceed your revenue goals. 
  • Decreased expenses — A physical therapy partner can help you decrease administrative costs and reduce the likelihood of costly errors, more than making it a worthy investment. 
  • Compliance support — Industry regulations are always changing, and not keeping up can put you at risk of fines and denied claims from payers. With the help of physical therapy compliance specialists, you can stay on top of the latest updates while devoting significantly less resources. 

With proprietary physical therapy management software, a highly experienced compliance team and workflow systems that have been successfully implemented in hospitals across the country, Alliance Physical Therapy Partners can help your physical therapy program become cost effective. 

Experience the Alliance difference

We help our partners meet their budgetary and operational goals while keeping the focus squarely on exceptional patient care. Alliance understands that each hospital has unique needs, which is why we work closely with you to develop a plan that is scaled to your needs and patients. 

To learn more, contact us today. We’ll be happy to provide a full assessment of your current program to better determine your needs.