Small visits. Long courses. A lien book nobody's watching.
For independent PT practices treating personal-injury patients on letters of protection.
What you're carrying
No single visit looks like much — which is exactly why PT lien books go unexamined. But a full course of care accumulates [X]K to [X]K per case, and a practice with steady PI referrals is often carrying six figures of open lien AR that never gets managed because no one visit seemed worth managing.
The first read
The total. PT administrators are consistently the most surprised by the aggregate number — and by how much of it sits with a single referring firm. The per-visit amounts hid it.
The sample report shows the aggregate open book — the number that surprises PT administrators most — with its aging. Read the physical therapy sample report.
Median realization for physical therapy is published in the benchmarks, with the sample count behind it. See median realization by segment.
Practices carrying the same paper
- ChiropracticChiropractic lien AR: realization by referring firm
The closest volume profile: many small visits across a long course of care.
- Pain managementPain management lien AR and LOP realization
Frequently the co-treating practice on the same referral.