Contract intelligence
Structure payer products, fee schedules, Medicare tiebacks, and effective dates in one usable model.
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Practice financial intelligence
See how every contract, payment, and service line performs. Connect timed codes, visit patterns, therapist capacity, and payer rates to precise service-line economics.

Financial visibility for Physical & Occupational Therapy
Fulcrum combines reimbursement terms with utilization and operating data so therapy leaders can compare expected payment and unit economics by code, payer, and service line.
One connected intelligence layer
Structure payer products, fee schedules, Medicare tiebacks, and effective dates in one usable model.
Detect and investigate potential underpayments in an automated, accurate way.
Test proposed rates against actual volume and bring clear evidence into payer conversations.
Integrate encounter and cost data to see precise unit economics for specific CPT codes.
What becomes answerable
CY 2027 proposed PFS
A national specialty average is useful context, not a practice forecast. Your result depends on your codes, volume, locality, sites of service, and Medicare-linked contracts.
CMS's own reconciliation table (Table D-B5) puts physical & occupational therapy at +3.5% for 2027. That figure is the specialty-wide, volume-weighted change in total RVU-based allowed charges: the aggregate gain or loss across every code the specialty bills, before the separate conversion-factor cut. Our reconstruction agrees closely at +3.3%, a net gain of $139 million in national allowed charges.
Physical & Occupational Therapy bills about 100% of its Medicare dollars in the office (non-facility) setting, where nearly all of the change lands.
All figures are national, hold 2025 utilization fixed, and exclude the separate 1.68% conversion-factor cut that lands on every specialty on top of this.


The specialty average hides a wide spread, and CMS's own practitioner-level file proves it. 93% of physical & occupational therapy practitioners land in the +2 to +5% band, and about 98% see an increase above 2%. Where a practice lands is a question of service mix: the physical & occupational therapy practices that gain the most are those with the highest therapy-code volume, which gains from the practice-expense redistribution.
Practice-specific analysis
Start with one contract, one fee-schedule question, or an ongoing view across the practice.