The Reality
Billing for Workers’ Compensation & MVA claims presents a unique set of challenges. From complex regulations to constant changes in requirements, this type of billing is highly susceptible to discounting and reduced payment, even when contracts are in place.
Having worked extensively with a physical therapy group, Molzon and Selden witnessed firsthand how unfair reimbursement practices wreak havoc on the financial health of clinics. This driving realization sparked a determination within them to change the narrative for every clinic dealing with similar struggles.
The Solution
In 2014, propelled by a desire to aid their peers, Molzon and Selden embarked on a journey to develop Advanced Rehab Management Services and eventually, BOOST. During years of meticulous research, strategizing and refining their system, they broke new ground, establishing a platform that stands alone in the industry.
Focusing exclusively on maximizing reimbursements from Workers' Comp & Auto claims, they developed an innovative service that combines a proprietary infrastructure with the benefits of Third-Party Administrator (TPA) status. By simply sending bills to BOOST first, PT clients bypass the usual Retroactive Discounts, leading to significantly higher reimbursements for PT partners. No changes to treatment, billing processes, or additional administrative burdens - just the reassurance of better returns.
The Result
Clinics across the nation are now witnessing transformative increases in their revenue streams. On average, clinics partnering with BOOST see an increase of $53 per claim, creating an opportunity for them to focus on what they do best: patient care. With more than 500 clinics supported in 29 states, BOOST empowers PT clinics to generate more revenue, hire additional staff, and restore their focus on healing lives.
The future
The Boost solution crafted by Molzon and Selden is more than just a service; it’s a lifeline for clinics. The intimate knowledge of the struggles faced by Physical Therapy clinics is the driving force behind BOOST. Molzon and Selden see daily how each extra dollar gained can radically alter the landscape for clinics, allowing them the freedom to provide the best care possible for their patients.
Their dedication is evident, and with their innovative solution, they not only emerge as leaders in maximizing reimbursements but also as champions for a community that deserves to thrive. Let's reshape the landscape of physical therapy billing together, one claim at a time.
