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 Vermont, including Burlington, Essex, South Burlington, and Colchester. Precision can support medical practices anywhere in the state of Vermont.
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No matter where your medical practice is located, whether in a major metropolitan area like Essex or a smaller market like Willston, Precision Practice Management can provide the revenue cycle support you need.
With over 21% of Vermont's population aged 65 and above, a demographic that continues to expand, prioritizing the needs of the elderly becomes most important. Over the past decade, Vermont's retirement ages between 65 to 79 have seen a significant increase, rising from 10.5% to 16.4%.
As individuals age, the financial considerations related to healthcare consistently increase. Precision addresses the active demands of aging populations by simplifying the outsourcing of complicated and time-consuming tasks. Our team of medical coders and revenue cycle specialists significantly contribute to enhancing billing efficiency and optimizing 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 Vermont 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 Vermont 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 Colchester, Rutland City, Brattleboro, or even a small town, our technical support team is here for your medical practice 24 hours a day, 7 days a week.
“I have a very busy dermatology practice, and several years ago, I asked Precision to convert me to an EHR health record system and take over my medical billing as well. Precision has since made many updates to my dermatology screens. I very often request additional screen changes so that they work exactly as I would like them to, and Precision always responds quickly in making those changes. The support that I get from Precision is consistently excellent and I would recommend them to other practices looking for highly effective EHR software support and medical billing services."
