Financial Analysis

How well do you know your In House Therapy Program?

Running a cost effective and high quality in house therapy program takes a lot of hard work and monitoring. Below is a list of questions that every in house program should be able to answer easily and be monitoring on a monthly basis. Ask yourself:

• What percent productive are my in house therapists?
• What is my therapy program’s cost per minute?
• How do we cover open positions and how much revenue is lost when we have an absence, vacation or open position?
• What support, training and education do we offer our therapists to ensure they are offering innovative therapy?
• How much Part B therapy is being delivered to our residents?
• What are we doing to prepare for the RAC audits?
• Have we ever been denied a claim due to therapy’s lack of documentation? Does anyone share the financial risk of those denials?
• How does our facility ensure our in house therapists are keeping up to date on funding and regulatory issues?
• Are the RUGs categories achieved the best for our resident’s condition and best financially for our community?

If you are not sure how to answer these questions, you may want to consider a financial analysis with Therapy Partners. We offer traditional and management style contracts. For more information contact Shelly Grisik at 216-410-5062 or sgrisik@therapypartnersohio.com.

How well do you know your Outsourced Therapy Program?

We can help you understand how your current program is performing. To request an analysis, download our Outsourced Analysis spreadsheet, fill in the fields, then e-mail it, along with any other questions you may have to sgrisik@therapypartnersohio.com.