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 New Hampshire, including Manchester, Nashua, Concord, and Derry. Precision can support medical practices anywhere in the state of New Hampshire.
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No matter where your medical practice is located, whether in a major metropolitan area like Nashua or a smaller market like Hampton, Precision Practice Management can provide the revenue cycle support you need.
The population of the New Hampshire is projected to reach 1,501,909 by the year 2050. This projection represents an increase of just over 124,000 or 9% from the 2020 Census population of 1,377,533. Over 20% of New Hampshire's residents are aged 65 and above, a percentage anticipated to rise in the following decades. This demographic trend underlines a growing lack of assisted living facilities. The elderly population, establishing a demographic that frequents medical visits at a rate three times higher than those under 44 years old, often creates intricate challenges in medical billing.
The complexities of medical matters are transformed into complicated billing procedures, requiring a particular observance to all rules and regulations laid out by the Centers for Medicare & Medicaid Services (CMS). This adherence is essential not only for reimbursement but also for the effective delivery of services to senior patients covered under Medicare insurance. In this context, Precision emerges as a strategic ally for medical practices, offering the opportunity to offload their most intricate and time-consuming tasks. We guarantee a rigorous compliance with CMS regulations, specifically tailored to address the individual needs of aging populations.
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 New Hampshire 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 New Hampshire 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 Manchester, Nashua, Concord, 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.”
