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 Oregon, including Portland, Eugene, Salem, and Gresham. Precision can support medical practices anywhere in the state of Oregon.
No matter where your medical practice is located, whether in a major metropolitan area like Salem or a smaller market like Tigard, Precision Practice Management can provide the revenue cycle support you need.
The population of Oregon in 2023 was 4,233,358, a 0.14% decline from 2022. Approximately 37% of Oregon's residents fall within the 50 and older age bracket. It is crucial to provide optimal care for elderly residents, whether they reside independently or in settings such as assisted living, memory care, or nursing homes, cannot be overstated. This demographic transformation poses a difficult challenge for healthcare practices in accommodating a growing and aging population characterized by diverse medical requirements.
Precision presents a strategic solution to align healthcare practices with the evolving needs of this aging demographic. By outsourcing intricate and time-intensive tasks, we empower practices to smoothly navigate the details associated with serving an aging population, all the while ensuring strict compliance with software regulations.
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 Oregon 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 Oregon 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, Eugene, Salem or even a small town, our technical support team is here for your medical practice 24 hours a day, 7 days a week.
"Our 8-provider pediatric practice is extremely busy and must be well organized in order to function at its best. Precision has been providing medical billing and practice management software and tech support to our practice from the very beginning and has greatly supported the growth of our practice over time. The monthly meetings they have with the doctors are extremely helpful in identifying opportunities for improvement and keeping us well-informed about issues affecting the business side of our practice. I would very much recommend Precision to other primary care physicians."