StrataPT

StrataPT is an electronic medical records (EMR) and revenue cycle management (RCM) platform designed specifically for physical therapy practices. According to the vendor, it aims to streamline practice operations, increase reimbursement rates, and improve overall financial performance. StrataPT is targeted at physical therapy practices of all sizes, including small independent clinics and large multi-location practices. It is utilized by professionals in the physical therapy, occupational therapy, and speech therapy fields, as well as physical therapy clinics and rehabilitation centers.

Key Features

EMR: According to the vendor, StrataPT is built to optimize reimbursement rates and ensure accurate claims submission. It automates billing processes to reduce errors and increase efficiency, keeping up with the latest updates in rules, codes, and processes for all US insurers. StrataPT also includes features to flag potential compliance issues before claims are submitted.

RCM: StrataPT offers a revenue cycle management platform tailored specifically for physical therapy practices. The vendor claims that it aims to maximize reimbursement rates by optimizing billing processes and provides personalized and comprehensive billing team support. The platform also includes automated insurance and patient payment processing to prevent revenue leakage.

Growth: According to the vendor, StrataPT leverages aggregate data and knowledge to help practices grow. It offers actionable insights based on real-time data to drive practice growth and provides personalized support and guidance to help practices achieve their growth goals. Additionally, StrataPT is said to help practices enhance patient experiences and improve overall outcomes.

Capital: StrataPT provides access to fast and flexible financing options for better cash flow, according to the vendor. It offers growth capital to invest in practice expansion and development. The repayment process is fully automated and adjusts to practice revenue, without the need for personal credit checks or complicated application processes.

Documentation: The vendor claims that StrataPT enhances clinical compliance and saves time with custom clinical protocols. It simplifies documentation processes for improved efficiency and helps with clinical compliance and chart auditing. The platform also provides secure and HIPAA-compliant documentation storage.

Scheduling: StrataPT aims to effectively manage the patient lifecycle and reduce cancellations, according to the vendor. It aims to keep schedules filled and maximize patient appointments, streamlining appointment scheduling processes for improved efficiency. The platform also includes features to enhance communication and engagement with patients.

Workflow Management: According to the vendor, StrataPT automates and simplifies team workflows for increased productivity. It aims to enable practices to accomplish more with fewer staff members, reducing manual work and administrative tasks. The platform is said to improve overall practice efficiency and performance.

Analytics: StrataPT provides comprehensive data for practice owners and operators, according to the vendor. It offers real-time data analysis to drive practice growth and performance, helping with data-driven decision making. The platform provides insights into key performance indicators and practice benchmarks.

Billing Intelligence: According to the vendor, StrataPT offers real-time payer rule and reimbursement tools for faster payments. It aims to maximize reimbursement rates by optimizing billing processes, helping practices get paid faster and reduce denials. The platform provides tools for accurate and efficient claims submission.

Patient Engagement: StrataPT provides modern and user-friendly solutions to enhance patient communication and engagement, according to the vendor. It aims to improve patient satisfaction and overall experience by automating patient invoicing and bill pay processes. StrataPT also provides accurate patient statements and payment alerts.