Reduced Costs – Improved Reimbursement – Strategic Market Position – Collaboration
The Patient Protection and Affordable Care Act (PPACA) of 2010 has created many changes and challenges. Independent therapy practices must find ways to reduce their operational costs, deliver measurable quality outcomes, prepare to take on financial risk in contracting, and meet the needs of Accountable Care Organizations (ACOs) and health plans.
“Is your practice positioned to succeed in this changing health care environment?”
“Can you reduce and control your operating costs?”
“Can you negotiate with health plans for desirable reimbursement arrangements?”
“Will ACOs seek you out or ignore you?”
“Are you prepared to take on the risk of pay for performance contracts?”
“Do you want to have more time to focus on your patients and growing your practice?”
The Advantage of big while staying small
Private therapy practices who become members of Therapy Partners can maintain their independence while gaining the contracting and marketing strength of a larger organization.
TPI is a management services organization (MSO) that is committed to helping private therapy practices remain independent while gaining the operational efficiencies, strength, and market advantages a large organization brings.
What do you get from TPI?
TPI was organized in 1999 and provides its member practices with a number of valuable and necessary services and products:
- Health Plan Negotiations and Contracting
- Therapist Credentialing
- Billing, A/R Management, and Payment Collections
- RevFlow™ Online Billing System
- RevFlow™ Practice Management Reports
- Member Reimbursement Allocations
- Coding and Reimbursement Training for All Therapists
- by John Wallace, PT, CEO BMS Reimbursement Management - Medicare Compliance Training
- by John Wallace - Compliance Plan
All of our member practices use RevFlow™ billing, FOTO™ outcomes, and clinical guidelines, and most use Therapy Source™ EMR (available but not required).
Optional services include:
- Pre-Registration and Benefits Verification
- Charge Entry / Charge Audit
- Outsourced Internal Financial Accounting / Bookwork / Accounts Payable Services
TPI provides its member practices with 6 primary benefits
- Contracting capabilities with health plans billing under one tax ID number
- Strategic positioning and geographic distribution for ACO relationships
- Economies of scale and reduced cost of back office, billing, administrative functions
- Improved A/R management and cash flow – Days in A/R presently below 29
- State of the art RevFlow™ practice management reports to track key benchmarks and key performance indicators per clinic and per individual therapist
- Collaborative efforts on clinical and practice support functions
TPI member practices with 21 clinic locations
- OSI Physical Therapy
Stillwater-Maplewood-Lake Elmo-Forest Lake-White Bear Lake-W. St. Paul- N. St. Paul-Shoreview-3M Center-Somerset, WI - PTOSI
Minneapolis-Plymouth-Roseville-Coon Rapids-W. St. Paul - Minnesota Sport & Spine Rehab
Burnsville - Creekside Physical Therapy
Hopkins - Wenger Physical Therapy
Mankato - Lake Area Therapy Services
Cromwell-Moose Lake
TPI seeks therapy practices to cover other metro and out state areas such as St. Cloud, Duluth, and other communities.
If you are interested in more information about becoming a member of the TPI provider network, please contact Jim Hoyme at 651-747-4336 or email Jim at jhoyme@therapypartners.com.
