Precision Practice Management provides a full range of revenue cycle solutions, medical coding and charge coding, credentialing, and technical support to medical practices in major metropolitan areas in Maryland like Baltimore, Silver Spring, and Waldorf. Precision can support medical practices anywhere in the state of Maryland.
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No matter where your medical practice is located, whether in a major city like Baltimore or a smaller metropolitan area in Maryland, Precision Practice Management can provide the revenue cycle support you need.
According to the 2020 census, Maryland's population is 6,177,224, ranked 18th in the nation. Maryland's population continues to grow by at least 7% each decade. It is the 22nd fast-growing state in the nation relative to its population. The U.S. Census Bureau estimates that 22% of Maryland's population will be 60 and older by the year 2030, an increase of 26% from 2012. A rapidly growing aging population could potentially increase the demand of healthcare services, adding to the workload of healthcare professionals. To meet those demands, Precision provides a complete solution, empowering you to make informed patient care decisions and improving concerns regarding revenue cycle management in your Maryland-based medical practice.
Optimizing revenue cycle management is always a matter of managing many smaller but very important items that collectively produce a measurable improvement in profitability. Educating providers on coding changes, recommending changes to EHR software templates, developing software system interfaces that eliminate redundant data entry, enhancing patient statement and delinquency letter protocols, establishing collection agency and patient refund protocols, monitoring and updating fee schedules, and providing more effective and timely reporting so as to allow for better financial and clinical management decisions, all improve profitability – and this is only a partial list of the subject matter addressed by Precision in optimizing revenue cycle processes and workflow.
Precision’s revenue cycle services are comprehensive in nature, and our work often starts with supporting our client’s clinical objectives. Precision has implemented electronic health record systems for clients for many years and has the full clinical and technical expertise and capability to do so efficiently and effectively. We provide technical assessments, system customization, ongoing technical support, and training services for a range of electronic health record systems.
Precision offers a variety of coding and auditing services to assist Maryland medical providers with documentation of professional services. PPM coding services are provided by expert staff who carefully review documentation to ensure that accurate codes are billed.
Precision has a dedicated credentialing department, with significant experience in credentialing, focused on making sure that this all-important but often overlooked requirement is properly and timely managed. Our medical practice credentialing services for Maryland providers cover hospitals, group practices, and individual providers.
The Quality Payment Program consists of two tracks: Advanced Alternative Payment Models (APMs) and the Merit-based Incentive Payment System (MIPS). Most medical practitioners will be subject to MIPS, though not hospitals or facilities. MIPS has four major provisions: Eligibility, Performance Categories and Scoring, Data Submission, and Performance Period and Payment Adjustments. Precision Practice Management can help ensure that your practice is in full compliance. Read more about MIPS here.
We understand how important it is to have timely support and top-notch expertise available when and where you need it. Whether you are located in Baltimore, Columbia, Germantown, or another part of Maryland, our technical support team is here for your medical practice 24 hours a day, 7 days a week.
"Illinois Oncology is a large 3 location, 4 physician oncology practice that was well supported by Precision as we migrated from our base Medical Manager system to a full electronic health records system. Precision provides help-desk billing support and clearinghouse troubleshooting for our in-house billing staff, working well with our office on all revenue cycle management matters. They also provide us reliable software, network and tech support for our PCs and printers. Precision is overall extremely helpful in all medical billing and electronic health records (EHR) support."
