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PTs are using a variety of cash-based practice models to meet their patients’ needs.
Out-of-network, or cash-based, models can allow PTs to avoid restrictions placed on their services by third-party payers that interfere with their ability to help patients reach their goals.
Another benefit of this approach is avoiding the cost of collecting payment from third-party payers and the difficulties in negotiating rates with insurance companies that may undermine the financial viability of a PT practice.
Is cash-based physical therapy practice right for you?
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Changes in health care reimbursement have led many physical therapy practices to offer cash-based services. Here's a look at some PTs who've succeeded with this model-and how they did it.
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Will in-network patients continue to visit your practice if you implement and out-of-network model? Here are some things to consider.
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The term “cash practice” can be confusing because it is often used to describe a variety of physical therapy business models.
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Regardless of the relationship a physical therapist chooses to have with payers, it is essential to practice in compliance with all laws and regulations.
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The short answer is that no exceptions allow PTs to bypass these requirements.
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