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 Alabama, including Huntsville and Mobile. Precision can also support medical practices anywhere in the state of Alabama, including small towns.
No matter where your medical practice is located, whether in a major metropolitan area like Mobile or a smaller market like Chelsea, Precision Practice Management can provide the revenue cycle support you need.
Alabama experienced a population growth of 0.5% from 2021 to 2023, resulting in the addition of 24,450 residents within a single year. Notably, the state obtained the 15th position for the largest population increase nationally, particularly within the age bracket of 25 to 34 years. Since people in this age group are often beginning to start families or may already have children, it becomes imperative to address a range of diverse medical needs.
Medical practices in Alabama encounter challenges in billing and revenue cycle management that significantly impact their everyday operations. Choosing Precision provides a variety of benefits, including high-level clinical consulting, efficient patient balance processing, and customized financial reports. These advantages collectively contribute to the optimization of revenue cycle processes and workflow for medical practices in Alabama.
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 Alabama 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 Alabama 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 Mobile, Huntsville, Montgomery or even a small town, our technical support team is here for your medical practice 24 hours a day, 7 days a week.
Precision was engaged to start the process of "taking our practice paperless" and the results have been tremendous. First, our office network was significantly upgraded by Precision. Then, all of our physicians went wireless in both of our offices and from home. Our dictation workflow was then automated via an EHR to Dragon interface and we are now scanning, generating e-files or receiving e-faxes for all documents that we formerly archived in paper form. We have now completed our transition to electronic health records. Precision has also provided strong tech support for us - even on weekends - with extremely quick response time. That kind of support is really hard to find."