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 Massachusetts, including Boston and Lowell. Precision can also support medical practices anywhere in the state of Massachusetts, including small towns.
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No matter where your medical practice is located, whether in a major metropolitan area like Boston or a smaller market like Springfield, Precision Practice Management can provide the revenue cycle support you need.
Massachusetts total population is projected to expand by 10.9% between 2020 and 2040 – an increase of 760,536 people. As one of the most populous states in the Northeast, Massachusetts is home to many medical practices and specialties. These practices are faced with the challenge of serving a growing, aging population with diverse medical needs.
Medical practices in Massachusetts may face billing and revenue cycle management challenges that impact day-to-day operations in a variety of ways. Due to the constantly changing medical billing landscape, it can be difficult for practices to keep up while also supporting patients' needs. Some benefits of outsourcing your medical billing to Precision include high level clinical consulting, patient balance processing, and custom financial reports, among other areas that can help optimize revenue cycle processes and workflow.
Optimizing revenue cycle management is always a matter of managing many items that collectively produce a measurable improvement in profitability. These may include 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. All of this facilitates better financial and clinical management decisions and contributes to profitability.
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 Massachusetts 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 Massachusetts 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 Boston, Quincy, Springfield or even a small town, our technical support team is here for your medical practice 24 hours a day, 7 days a week.
“We are so pleased to have Precision managing our medical billing for us. They cleaned up all the mess caused by our previous billing company, working through revenue cycle problem after problem, digging in and finding solutions for us. They have greatly improved all of our internal processes and their monthly reporting is very complete and thorough. The practice gains greatly from the monthly meetings we have with them. Precision consistently works well with our office staff to get things done. I have to say things have never run so smoothly.”
