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 Illinois, including Chicago, Aurora, Joliet, and Springfield. Precision can also support medical practices anywhere in the state of Illinois.
No matter where your medical practice is located, whether in a major metropolitan area like Chicago or a smaller market like Peoria, Precision Practice Management can provide the revenue cycle support you need.
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Illinois is one of the most populous states in America. Meeting the medical needs of densely populated areas, like Chicago and Aurora, can be especially challenging without the right support. With a large client base, medical practices can expect to experience challenges in revenue cycle management and medical billing. In addition to servicing large population centers, medical practices are required to comply with federal CMS regulations, adding another layer to day-to-day management. Due to the growing complexity of medical billing and revenue cycle management, many practices are choosing to outsource these tasks. Precision identifies the needs of medical practices and helps them meet the inherent challenges that come along with managing a practice. Our team of experienced medical coders and revenue cycle experts will help make your billing more efficient and improve revenue streams.
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 improved 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 Illinois 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 Illinois 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 Chicago, Springfield, Aurora or even a small town, our technical support team is here for your medical practice 24 hours a day, 7 days a week.
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"Illinois Oncology is a large 3 location, 4 physician oncology practice that was well supported by Precision as we migrated from our base Medical Manager system to a full electronic health records system. Precision provides help-desk billing support and clearinghouse troubleshooting for our in-house billing staff, working well with our office on all revenue cycle management matters. They also provide us reliable software, network and tech support for our PCs and printers. Precision is overall extremely helpful in all medical billing and electronic health records (EHR) support."