Whether you currently run a cash-based practice or are interested in adding cash-based services to your practice, but are confused about the laws regarding self-payment from Medicare patients, then this podcast is for you. This week’s expert will help you navigate the many rules and regulations of Medicare. In his new book, Medicare and Cash-Pay Physical Therapy, Dr. Jarod Carter touches on everything you need to know about cash-pay services and Medicare.
Dr. Carter states there are three possible relationships a physical therapist can have with Medicare. Medicare relationships include being a participating provider, a non-participating provider or a provider with no relationship with Medicare at all. Although they may seem the same, Dr. Carter explains the difference between a non-participating provider and a provider with no relationship to Medicare.
The book lays out all the rules and regulations to help you determine which approach makes the most sense for your practice. On the patient side of things, a cash-based physical therapy practice should seek patients that understand that they’ll be paying cash for services. For patients interested in billing Medicare, it may be necessary for a cash-based physical therapy clinic to refer those patients to a physical therapist that accepts Medicare. Listen now to learn essential information for any private practice physical therapist.