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 North Dakota , including Fargo and Williston. Precision can also support medical practices anywhere in the state of North Dakota , including small towns.
|
|
|
|
No matter where your medical practice is located, whether in a major metropolitan area like Fargo or a smaller market like Valley City, Precision Practice Management can provide the revenue cycle support you need.
The U.S Census Bureau projects that nearly 30 percent of North Dakota's population will exceed the age of 60 by 2023, marking a 41 percent increase from 2012. Increased population growth may lead to higher demand for healthcare services. Precision is here to support healthcare professionals with any challenges that may bring.
In North Dakota, healthcare practices struggle with billing and revenue cycle management challenges that exert a substantial impact on day-to-day operations. Navigating the landscape of medical billing proves to be a difficult task for practices striving to address the evolving needs of their patient base. In response to these challenges, numerous practices in North Dakota have placed their trust in Precision Practice Management for their medical billing and revenue cycle management needs. Opting for Precision entails advantages such as improved clinical consulting, streamlined processing of patient balances, and the provision of tailored financial reports. These services play a pivotal role in optimizing revenue cycle processes and workflow for medical practices throughout the state.
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 North Dakota 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 North Dakota 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 Bismarck, Grand Folks, Minot or even a small town, our technical support team is here for your medical practice 24 hours a day, 7 days a week.
"My pediatric practice, Children's Clinic, has worked closely with Precision for many years in an effective partnership that has contributed greatly to the management of our practice. In order to best serve patients, the "business side" of things must run extremely well. Precision appeals insurance low pays on drugs and provider services, communicates coding updates and specialty-related and billing changes, tracks office collection of copays and patient balances, compares our coding levels to national distributions and identifies our denial and rejection issues, to name just a few. Monthly meetings with Precision allow us to review month end reports, identify opportunities for improvement and constantly "raise the bar" on our performance as a practice. In today's difficult economic environment, Precision is a business partner we can count on."
