Is Poor Documentation a Key Indicator Your Practice will Fail?
As a professional in your field, and like other therapists, you’ll know that keeping correct documentation is essential.
It allows you and other supporting professionals offer the best care for your patient.
It also allows you to record correct diagnosis, and details essential for insurance claim reimbursements.
As well, correct documentation could mean the difference between getting an exorbitant tax bill, too.
However, there is another aspect of your practice which can give you a true indication of how it is travelling that many therapists underestimate.
Is Poor Documentation a Key Indicator Your Practice will Fail?
Client Retention Numbers
With the right kind of software your therapists should be recording the number of sessions they provide to each client, and how many of those sessions the clients actually attend.
This figure, when calculated properly, can give the business owner an average figure which can be used to determine the success of the practice.
Depending upon how you track your data, you should always be able to calculate average sessions, and projected income.
This will help you determine when to offer discounting services, and by how much.
You don’t want to be selling your practice short by offering discounts when you can’t actually afford them.
Get Your Documentation Right with Therasoft
Getting Your Documentation Right
Therasoft software allows you to do this in a number of different ways. The most popular being the Company Billing Export Report.
For your private practice to be a success you will need to act with dispassionate clarity, integrity, and consistency in regards to your documentation.
If you are concerned about your documentation try Therasoft’s quick demo
