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news.Chart Links, a provider of rehabilitation workflow management software, and RemitDATA, a provider of reimbursement productivity tools and benchmarking reports, have partnered to offer reimbursement tools and benchmark data to physical therapy, occupational therapy, speech-language pathology and audiology practices.
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The claims data will be aggregated and analyzed from a web-based suite of management reports and workflow tools that the therapist will use alongside any existing practice management or billing system.
By allowing therapists to identify and reduce denials and underpayments from electronic remittance advice, the solution will make therapy practices more profitable, the companies said. It will also allow them to compare reimbursement data against regional and national averages, the companies added.
James Hammer, COO of Chart Links, said: “Our decision to partner with RemitDATA is based on the ability of their products to pick up where most practice management systems leave off. These tools analyze claims data directly from payer electronic remittance advice versus data posted into the billing system. This gives therapists greater insight into denial rates, by payer, as a means of recouping reimbursement.”