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 Wisconsin, including Milwaukee, Madison and Green Bay. Precision can also support medical practices anywhere in the state of Wisconsin, including small towns.
No matter where your medical practice is located, whether in a major metropolitan area like Green Bay or a smaller market like La Crosse, Precision Practice Management can provide the revenue cycle support you need.
The population of Wisconsin grew from 5,690,538 in 2010 to 5,892,539 in 2022. Among six age groups — 0 to 4, 5 to 19, 20 to 34, 35 to 49, 50 to 64, and 65 and older — the 65+ group was the fastest growing between 2010 and 2022 with its population increasing 41.3%. The share of the population that is 65 and older increased from 13.7% in 2010 to 18.7% in 2022. By 2040, 16 Wisconsin counties are projected to have 41% or more of their populations comprised of residents ages 60 or older. The aging population has created an increased demand of healthcare services in the United States that is expected to increase over the next four-years creating a heightened demand for medical services. Ensuring timely and adequate care for the elderly population is crucial to meet their healthcare needs promptly. By outsourcing complex and time-intensive responsibilities, we enable healthcare practices to focus on the details associated with catering to an aging demographic while obeying software regulations. Our team of medical coders and revenue cycle specialists stands poised to elevate billing efficiency, ultimately driving increased 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 Wisconsin 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 Wisconsin 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 Milwaukee, Eau Claire, Appleton or even a small town, our technical support team is here for your medical practice 24 hours a day, 7 days a week.
“We are so pleased to have Precision managing our medical billing for us. They cleaned up all the mess caused by our previous billing company, working through revenue cycle problem after problem, digging in and finding solutions for us. They have greatly improved all of our internal processes and their monthly reporting is very complete and thorough. The practice gains greatly from the monthly meetings we have with them. Precision consistently works well with our office staff to get things done. I have to say things have never run so smoothly.”