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 South Dakota like Sioux Falls, Rapid City, and Aberdeen. Precision can support medical practices anywhere in the state of South Dakota .
|
|
|
|
No matter where your medical practice is located, whether in a major city like Sioux Falls or a smaller metropolitan area like Lennox, Precision Practice Management can provide the revenue cycle support you need.
South Dakota's population increased 12 out of the 12 years between year 2010 and year 2022. Its largest annual population increase was 1.5% between 2021 and 2022. The share of the population that is 65 and older increased from 14.3% in 2010 to 18% in 2022. That trend is expected to continue, which may increase the need for healthcare services. Precision is here to help healthcare professionals meet that increased demand.
Medical practices in South Dakota could encounter obstacles in billing and revenue cycle management that are consistent through day-to-day operations in various ways. There are many challenges that arise in medical billing that make it difficult to address the needs of the patient. Outsourcing medical billing to Precision Practice Management offers several advantages, including advanced clinical consulting, streamlined patient balance processing, and the creation of customized financial reports. These aspects collectively contribute to optimizing revenue cycle processes and workflow.
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 South 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 South Dakota providers cover hospitals, group practices, and individual providers.
It is important to have detailed, user-friendly reports to help your practice manage your workflow, projects and financials. Precision Practice has a variety of templates and standardized reporting styles available to meet your needs. Our in-house support staff can also help you develop a customized report to include any information required at your practice.
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 Sioux Falls, Rapid City or another part of South Dakota, 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."
