Optimizing Practice Performance
Greater Efficiency. Higher Profit.
Increase revenue by optimizing processes
Management consulting services for healthcare
At Precision Hub, we offer holistic medical practice management consultancy services that include medical billing consulting services and healthcare coding and consulting services to help healthcare practices sustain their profitability. Our specialists create operational efficiencies, address operational contingencies and implement operational SOPs to promote long-term growth.
Our medical billing consultants examine clinic operations and conduct root cause analysis to resolve incidental issues. Some of these may be tactical (such as patient no-shows, resolved by optimizing practice calendars and scheduling techniques). Others involve complexities related to insurance billing, payor mix analysis, practice setup, credentialing, re-credentialing, CPT code review and ERP integration.
Our medical coding consultant and our medical practice management consultant identifies your business challenges and conduct a thorough periodic process review using BI and reporting toolkits to help you make timely, safer decisions, reduce the total cost of operations and add returns on the process quality.
Implement efficient processes at your healthcare practice
We help you make quicker and more accurate administrative decisions. Our medical practice management consultants address all strategic facility concerns, like community demography, dominant local healthcare trends, State stipulations, legal obligations and rent information so you can focus on improved patient care.
Complete practice set-up consulting services that deliver bottom-line value
48 business hours < eligibility/benefits verification
24 business hours < payment posting after ERA receipt
98% quality threshold for billing and payment posting
95% first time pass ratio (FTPR)
24 business hours < claim rejection verification
15 business days < claim follow up
6% claims denial rate ratio
2% (maximum) error rate tolerance (CERT)
BI Tools And Analytics
- Billing Reports
- Receivables Status
- CPT Analysis
- Payment Reports
Healthcare benchmarking to continually improve clinic performance.
