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 Rhode Island, including Providence and Warwick. Precision can also support medical practices anywhere in the state of Rhode Island, including small towns.
No matter where your medical practice is located, whether in a major metropolitan area like Cumberland or a smaller market like New Shoreham, Precision Practice Management can provide the revenue cycle support you need.
As the Rhode Island senior demographic has expanded by 35% over the last decade, projections indicate a further 32% increase by 2030. Precision presents a cultured approach to assist healthcare practices with the changing needs of this maturing population. By outsourcing complex and time-consuming tasks, we empower practices to address the details associated with serving an aging demographic, all while following software regulations. Our adept team of medical coders and revenue cycle specialists are ready to enhance billing efficiency, thereby advancing heightened 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 Rhode Island 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 Rhode Island 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 Providence, Warwick, Cranston or even a small town, our technical support team is here for your medical practice 24 hours a day, 7 days a week.
“Precision pursued AR claims that would normally be written-off and was able to collect. They stepped up and took control of the transition from our old billing service and generated normal collections in a short time”