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 Colorado, including Colorado Springs, Aurora, Denver, and Fort Collins. Precision can support medical practices anywhere in the state of Colorado.
No matter where your medical practice is located, whether in a major metropolitan area like Colorado Springs or a smaller market like Aurorda, Precision Practice Management can provide the revenue cycle support you need.
Colorado has witnessed a decline in its population growth compared to historical trends. According to studies, by the year 2030, more than 32% of Colorado's population will exceed the age of 60, representing a significant increase from the research observed in 2012. This demographic shift presents healthcare practices with the difficult challenge of catering to a growing and aging population characterized by diverse medical needs.
Precision offers a strategic solution to align healthcare practices with the evolving demands of this aging demographic. Through the assistance of outsourcing complex and time-intensive tasks, we enable practices to navigate the complexities involved in serving an aging population, while simultaneously ensuring strict compliance with software regulations. Our proficient team of medical coders and revenue cycle specialists is poised to elevate billing efficiency, contributing to the increase of 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 Colorado 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 Colorado 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 Denver, Pueblo, Lakewood or even a small town, 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."