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 South Carolina, including Charleston and Columbia. Precision can also support medical practices anywhere in the state of South Carolina, including small towns.
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No matter where your medical practice is located, whether in a major metropolitan area like Charleston or a smaller market like Tatum, Precision Practice Management can provide the revenue cycle support you need.
As one of the nation's rapidly increasing states, South Carolina experienced a significant growth of 72,280 residents, indicating a 1.4% increase from 2020 to 2021. With more than 20% of the population under the age of 18, the state hosts a multitude of specialty medical practices. These practices are challenged with the complex task of catering to an expanding and aging population, characterized by diverse medical needs.
In South Carolina, medical practices encounter billing and revenue cycle management challenges that significantly impact everyday processes. Navigating the dynamic background of medical billing proves challenging for practices seeking to simultaneously meet the evolving needs of their patient base. To address these difficulties, numerous practices in South Carolina have trusted Precision Practice Management with their medical billing and revenue cycle management. Choosing Precision offers benefits such as higher clinical consulting, streamlined patient balance processing, and customized financial reports. These services are influential in optimizing revenue cycle processes and workflow for medical practices in the state.
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 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 South Carolina 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 South Carolina 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 Columbia, Mount Pleasant, Rock Hill 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."
