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 Michigan, including Grand Rapids and Detroit. Precision can also support medical practices anywhere in the state of Michigan, including small towns.
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No matter where your medical practice is located, whether in a major metropolitan area like Detroit or a smaller market like Traverse City, Precision Practice Management can provide the revenue cycle support you need.
Michigan's population has more than 2 million residents over the age of 60 years old, which positions the state among the top 15 states in the United States with one of the most mature populations. As individuals age, there is a corresponding increase in the financial implications associated with healthcare. Precision facilitates alignment with the evolving requirements of aging populations by enabling the outsourcing of complex and time-intensive tasks, while concurrently ensuring compliance with regulations. Our team of adept medical coders and revenue cycle specialists contributes to improved billing efficiency and enhanced revenue streams for your 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 Michigan 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 Michigan 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 Grand Rapids, Ann Arbor, Lansing or even a small town, our technical support team is here for your medical practice 24 hours a day, 7 days a week.
“We are so pleased to have Precision managing our medical billing for us. They cleaned up all the mess caused by our previous billing company, working through revenue cycle problem after problem, digging in and finding solutions for us. They have greatly improved all of our internal processes and their monthly reporting is very complete and thorough. The practice gains greatly from the monthly meetings we have with them. Precision consistently works well with our office staff to get things done. I have to say things have never run so smoothly.”
