Medical Billing and Revenue Cycle Management Services for Radiology
Why Outsource Your Radiology Medical Billing and RCM?
Keeping your medical billing and revenue cycle management (RCM) processes in-house can present a number of challenges that may result in increased costs and greater risks for your radiology medical practice. Among them are the costs for labor and benefits, as well as electronic health record system maintenance. Because of new billing processes, steps, and other requirements, it can be challenging for radiologists to ensure that their medical practices remain in compliance; once ICD-10 becomes a reality, it may become even more difficult and pose further risks to billing in-house. In addition to compliance and audit risks, there are risks associated with medical billing personnel and employees—recruiting talented medical coders can be time-consuming and costly, and in the event that a radiology group loses a key employee, the medical practice could be left in a difficult position. When you outsource medical billing and revenue cycle management for your radiology practice, you may be able to decrease billing-related costs, as well as reduce the risks associated with in-house medical billing. Outsourcing your radiology group’s medical billing to a specialized medical billing and revenue cycle management company means that you also outsource the necessity of remaining up to date with the various changes and new requirements that are characteristic of this constantly evolving industry.
Why Precision Practice Management?
Precision Practice Management has years of experience and expertise in a wide variety of medical specialties, including anesthesiology. At PPM, we understand that anesthesiologists have unique medical billing requirements, which we are prepared to meet with fully customizable medical practice management solutions delivered with an unparalleled attention to detail. Whether you are in need of partial or full outsourcing of your medical billing and revenue cycle management services, Precision can provide solutions that include coding, compliance, claims processing, denial management, clearinghouse edits, electronic health records (EHR) systems implementation, financial analysis, and reporting. At Precision Practice Management, our goal is to mitigate your risks, decrease your costs, and improve your revenue stream. For more about our range of medical practice management solutions, please visit Medical Billing, Financial Reporting, Revenue Cycle Solutions, or Software Systems. For additional information, or if you have questions, please Contact Us!