Strong front office and back office processes ensure healthcare providers don't leave money on the table. America's best clinics rely on Precision Hub's medical billing consultants to implement this system for them.
Our medical billing consultants combine healthcare finance with business acumen, benchmarking techniques and design thinking to minimize ageing receivables and other obstructions to your financial health. With reporting, documentation control and other structures, they drive better decisions to improve clinic profitability.
Sustained profitability depends on experts who take on all responsibilities that generate operational efficiencies, address operational contingencies, and implement operational SOPs to improve practice profitability for the long term.
Enter the Precision Hub medical practice management consultant.
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, recredentialing, CPT code review and ERP integration. Regardless of your business challenge, a thorough periodic process review, aided by Precision Hub's BI and reporting toolkit will enable timely, safer decisions, reduced total cost of operations, and add quantifiable returns on process quality.
Make the right call on all clinic administrative decisions with help from a healthcare facility management expert. Our medical practice management consultants address all strategic facility concerns, like community demography, dominant local healthcare trends, State stipulations, legal obligations and rent information.
48 business hours < eligibility/benefits verification
24 business hours < claim rejection verification
24 business hours < payment posting after ERA receipt
15 business days < claim follow up
98% quality threshold for billing and payment posting
6% claims denial rate ratio
95% first time pass ratio (FTPR)
2% (maximum) error rate tolerance (CERT)
Precision Hub's medical billing consultants produce customized reports and user-friendly dashboards to monitor and improve each stage of front and back office functions. Clients can experience the benefits of our compelling data visualization and storytelling tools to bring data to life and find a unique, connecting story behind the numbers. They can select from over a dozen standard reports with the added option of ad hoc and customized report generation.
- Billing Reports
- Receivables Status
- CPT Analysis
- Payment Reports
Our team of Six Sigma medical billing consultants combine innovative design thinking with quality assurance metrics to develop solutions that consistently improve clinic performance.
Healthcare revenue depends a great deal on how current medical billing consulting services are on regulatory updates, changes in payor terms and other policy-related information.
Although patient-centered care remains human work, there are many aspects of clinic operations that can be automated and digitized. The use of machine learning and various BI tools allows Precision Hub's medical billing consultants to define a clear and reliable roadmap for you.
Precision Hub's consultants analyze your business processes to identify and unlock the quickest, easiest and most cost-effective revenue streams for your practice, starting with 360 degree efficiency delivery across your practice.