As a physical therapist clinic, one of the first things you ask a patient for is their insurance information. Even though hundreds of millions of people in the United States have insurance, there is a sizable amount of the population that doesn’t. In fact, more than 27 million people under the age of 65 don’t have either public or private insurance.
When people don’t have health insurance, they tend to avoid booking appointments that can help them live happier and healthier lives. If someone has chronic pain, they shouldn’t dismiss the treatment option of physical therapy just because they don’t have insurance. That’s why the self-pay model can be a beneficial financial service option for physical therapy clinics.
What is the self-pay model?
The idea of self-pay is pretty simple. It means that a patient pays for their physical therapy services completely out of pocket. The price that you set for out-of-pocket costs for physical therapy services tends to be cheaper than what would be billed to the patient’s insurance company.
Using a self-pay model for physical therapy without insurance is often referred to as a cash-based or out-of-network practice.
3 benefits of physical therapy without insurance
Many physical therapy practices have started cutting ties with insurance providers. Now, they're adapting a self-pay model due to the variety of advantages that it can offer. If you’re interested in seeing how you can benefit from a self-pay model, here are a few things to consider.
Here are three benefits of offering physical therapy without insurance:
- Freedom and flexibility — Without insurance guidelines, you can design personalized plans for your patients without restrictions about what you can offer. This means you can offer services like telemedicine and remote monitoring services.
- Decreased administrative tasks — When a patient goes through insurance to pay for a physical therapy visit, there is quite a bit of work that needs to be done on the clinic’s end. Self-pay decreases administrative tasks such as claim processing and collection expenses. By getting rid of these tasks, you can reduce overhead costs.
- Straightforward pricing for patients — It’s not always easy to determine what a patient will be billed by their insurance company. There could be fees, or maybe they haven't met their deductible. Upfront pricing takes the guesswork out of what they can expect to pay out of pocket.
Alliance PTP’s caring, effective and committed PT partnership can help you address physical therapy without insurance and much more
You may be tentative to offer physical therapy without insurance, but Alliance PTP can be with you every step of the way.
Caring. Effective. Committed. These aren’t words that come to mind when you think about physical therapy partnerships, but Alliance Physical Therapy Partners is here to change that.
Our committed team has built a highly effective nationwide partner network. This network includes unique PT practices that are staffed by caring physical therapists who are ready to provide patients with effective, personalized care for their needs. We’re also committed to helping our partners identify, plan for and address obstacles like physical therapy without insurance.
Still not sure if partnering with Alliance PTP is the right move for your PT practice? Take this quick quiz to find out if our partnership in care is right for you, or contact our team today to learn more about our caring, effective and committed Alliance PTP partnership.