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 Maine, including Portland, Lewiston, Bangor, South Portland, and Auburn. Precision can support medical practices anywhere in the state of Maine.
No matter where your medical practice is located, whether in a major metropolitan area like Portland or a smaller market like Bar Harbor, Precision Practice Management can provide the revenue cycle support you need.
Considering Maine's demographic landscape, where over 44% of the population is aged 50 and above, facing heightened and intricate health challenges, the difficulties of medical billing become particularly pronounced. Our team, containing expert medical coders and seasoned revenue cycle experts, is strongly devoted to controlling cutting-edge technology for the detailed optimization of your practice's organizational structure. We pledge our commitment to delivering modified solutions tailored to cater to the distinctive needs of your practice.
Recognizing the importance of staying up-to-date with state-specific regulations, our team proactively expands a knowledge base, consistently refining and updating their expertise. With Precision at your service, you can reallocate valuable time and attention towards your patients, reducing concerns associated with revenue cycle management for your Minnesota-based medical 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 Maine 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 Maine 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 Portland, Sanford, Brunswick, or even a small town, our technical support team is here for your medical practice 24 hours a day, 7 days a week.
"Precision Practice Management provides comprehensive revenue cycle management support for 42 hospital departments and medical practices at St. Luke’s, including our Emergency and Urgent Care facilities. And they do so on two software platforms, Vitera (Medical Manager) and eClinical Works (ECW). Precision’s services have been tailored to complement the specific needs of each of our practices and departments, interfacing with St. Luke’s staff in a highly effective manner. Precision also satisfies the hospital’s unique financial reporting requirements. No matter what the challenge, Precision has always come through for us."