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 Mexico, including Albuquerque, Las Cruces, Rio Rancho, Santa Fe, and Roswell. Precision can support medical practices anywhere in the state of New Mexico.
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No matter where your medical practice is located, whether in a major metropolitan area like Albuquerque or a smaller market like Santa Rosa, Precision Practice Management can provide the revenue cycle support you need.
The latest U.S. Census data reveals that, as of 2020, approximately 20% of New Mexicans fall within the age bracket of 65 and older. This demographic has shown a significant increase across 33 counties over the past decade. Elderly populations tend to struggle with more extensive and complex health issues, consequently causing challenges within medical billing.
The details of complicated medical matters often transform into complex billing processes. Observance to all Centers for Medicare & Medicaid Services (CMS) rules and regulations is important for reimbursement and effective service providing for senior patients under Medicare insurance. Precision is a strategic partner for your medical practice, offering the opportunity to outsource your most intricate and time-consuming tasks. We ensure strict compliance with CMS regulations, addressing the unique demands of aging populations. Our team of medical coders and revenue cycle experts can enhance the efficiency of your billing processes.
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 Mexico 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 Mexico 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 Las Cruces, Rio Rancho, Santa Fe, or even a small town, our technical support team is here for your medical practice 24 hours a day, 7 days a week.
“Precision first assisted me many years ago when I started my practice, providing support for my medical billing, practice management software and marketing. I am happy to recommend Precision to other practices desiring to make their practices more effective.”
